Cloud Object Storage Market Analysis and Forecast by 2031

MARKET INTRODUCTION

Cloud object storage is the secure cloud storage service that is used to store the unstructured data. It can store, process, and access massive amounts of data and features imperceptible bandwidth and capacity expansion, making it a perfect data pool for big data computation and analytics. Growing digitization across the globe coupled with a rise in the adoption of technologies such as big data analytics, Internet of things (IoT), and cloud computing is anticipated to fuel the growth of the cloud object storage market over the forecast period.

MARKET DYNAMICS

The rising demand for data security and the protection of data by various enterprises is a major factor booming the growth of the cloud object storage market. Further, a rise in demand for technologically upgraded services and high demand for the fast transfer of data is likely to influence the demand for the cloud object storage market. However, piracy concerns might hinder the growth of the cloud object storage market. The increasing adoption of cloud object storage as it minimizes the IT infrastructure cost and increasing demand for a cost-effective solution from enterprises are expected to drive the growth of the cloud object storage market.

MARKET SCOPE

The "Global Cloud Object Storage Market Analysis to 2031" is a specialized and in-depth study of the cloud object storage industry with a special focus on the global market trend analysis. The report aims to provide an overview cloud object storage market with detailed market segmentation as deployment type, enterprise size, end-user, and geography. The global cloud object storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cloud object storage market players and offers key trends and opportunities in the cloud object storage market.

MARKET SEGMENTATION

The global cloud object storage market is segmented on the basis of deployment type, enterprise size, end-user. On the basis of deployment type the market is segmented as public, private, hybrid. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, social media platforms, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cloud object storage market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloud object storage market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting cloud object storage market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the cloud object storage market in these regions.

MARKET PLAYERS

The reports cover key developments in the cloud object storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cloud object storage market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud object storage in the global market. Below mentioned is the list of few companies engaged in the cloud object storage market.

The report also includes the profiles of key cloud object storage companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Alibaba Cloud
  
•   Amazon Web Services, Inc.
  
•   Cisco Systems, Inc.
  
•   Google LLC
  
•   Hewlett Packard Enterprise Development LP
  
•   Hitachi Vantara Corporation
  
•   IBM Corporation
  
•   Microsoft Corporation
  
•   Oracle Corporation
  
•   Tencent Cloud
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cloud Object Storage Report Scope