The cloud object storage market size is expected to reach USD 13.65 Billion in 2028 and register a CAGR of 13.6% .The Cloud Object Storage report additionally covers the scope of individual applications and types in every region. The report additionally covers information about manufacturing and intake patterns, technological developments, revenue boom, marketplace size, market share, key trends and needs influencing market boom in the region, and robust presence of key players in the region.
Rapid rise in adoption technologies such as deep learning, Internet of Things, data analytics, cloud computing are driving demand for cloud object storage solutions across various verticals worldwide. Social media platforms are expected to register a high growth rate over the forecast period. The media industry faces challenges related to storing, managing, accessing, and facilitating collaboration for vast volumes of data. Interactive television, multiscreen formats, virtual reality, 4K, and 8K video requires large storage capacity, which traditional storage fails to provide.
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Further key findings from the report suggest
- In December 2020, Dell launched its first all-flash object storage appliance EXF900 array for AI and cloud native use. The EXF900 uses NVMe SSDs and a PowerEdge Server to deliver highest performance. The API- driven cloud-native architectures- when combined with high performance all- flash media can support the most data hungry workloads.
- In July 2020, Hitachi Vantara collaborated with WekaIO to increase object storage performance and flexibility. The objective of this OEM relationship is to build a joint relationship to deliver unstructured data to clients and help them to manage the unstructured data and make it easier for them to leverage that data for decision making and business analytics.
- North America held largest revenue share in 2020 and is expected to maintain its leading position during the forecast period. Steady growth can be attributed to presence of major market players in the region, huge investments in R&D by the technocrats, and enhanced infrastructure. Increasing data volumes from various vertical, and technologies such as cloud computing, big data analytics, and Internet of Things are boosting cloud object storage market revenue growth.
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Report Objective:
The report offers a complete analysis of the global Cloud Object Storage market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Oracle Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise, International Business Machines Corporation, Microsoft Corporation, Hitachi Data System, Google LLC, Amazon Web Services, Inc., Datadirect Networks, and Dell EMC. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the cloud object storage market based on deployment, enterprise-size, end-use, and region:
Deployment Outlook (Revenue, USD Billion; 2018-2028)
- Public Cloud
- Private Cloud
- Hybrid Cloud
Enterprise Size Outlook (Revenue ,USD Billion; 2018-2028)
- SMEs
- Large Enterprises
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Social Media Platforms
- IT & Telecommunication
- BFSI
- Others
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Cloud Object Storage market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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IBM Corporation a prominent player in cloud object storage market offers widest and most flexible ranges of object storage solutions in the industry.
It enables enterprises by allowing them to select the deployment option that meets their needs, including public, dedicated and hybrid cloud or on-premises solutions.
Every object is copied three times and stored in physically separate availability zones.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4202Competitive Outlook:The prominent players in the cloud object storage market are- Dell EMC (U.S.), International Business Machines Corporation (U.S.), Hewlett-Packard Enterprise (U.S.), Caringo Inc. (U.S.), Hitachi Data Systems (U.S.), Datadirect Networks (U.S.), Netapp, Inc. (U.S.), International Data Corporation (U.S.), Microsoft Corporation (U.S.), Google (U.S.) among others.Segmentation:The global Cloud Object Storage Market is segregated on the grounds of the type of storage, organization size, storage technology deployment, vertical, services, and region.On the basis of storage type, the global Cloud Object Storage Market is further classified into Solid State Drives (SDDs), Hard Disk Drives (HDDs).On the basis of organization size, the global Cloud Object Storage Market is divided into large enterprises and SME.
The video surveillance storage comprises extensive areas of sectors such as education, BFSI, retail, healthcare, transportation, government, and others.On the basis of storage technology the global Cloud Object Storage Market is segregated into Storage Area Network (SAN), Network Attached Storage (NAS) and Direct Attached Storage (DAS).On the basis of deployment, the global Cloud Object Storage Market is further classified into on-cloud and on-premise.On the basis of services, the global Cloud Object Storage Market is further classified into managed services and professionals.
Regional Analysis: The global Cloud Object Storage Market has been analysed for Asia Pacific, Europe, North America, and the Rest of the World.
Cloud Object Storage Market, By Service (Professional Service, Managed Service), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Cloud Deployment (Public, Hybrid), By End-User (Social Media Platforms) – Global Forecast 2023Market Synopsis:The global cloud object storage market, according to Market Research Future (MRFR)’s report, is projected to scale a stellar CAGR of 14% during the forecast period 2017 to 2023.
The global market is poised to touch a valuation of USD 6 Bn by the end of 2023.
The report indicates that a rapid shift towards the cloud storage and conveniently accessible data is primarily responsible for driving the growth of the cloud object storage market in the upcoming years.The technological innovations provided by the key players such as HP’s Open Stack technology, IBM’s most flexible portfolio of cloud object storage solutions, etc.
are likely to boost the growth trajectory of the cloud object storage market over the next couple of years.
Furthermore, the availability of different deployment models has unleashed various opportunities in the market.The market is at a nascent stage and is likely to be penetrated by new entrants in the upcoming years.
This, in turn, has been prognosticated to have a favorable impact on the proliferation of the cloud object storage market across the forecast period.
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