The global cloud object storage market size is expected to reach USD 13.65 Billion in 2028 and register a CAGR of 13.6% during the forecast period, according to the latest analysis by Emergen Research. Factors such as increasing demand for fast transfer of data, data recovery, and data availability with no downtime, and data security threats are driving market revenue growth.
The report on the Cloud Object Storage market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Cloud Object Storage market for the forecast period from 2020 to 2028.
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Some Key Highlights From Report
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.
Key players in the cloud object storage market are 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.
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Deployment Outlook (Revenue, USD Billion; 2018-2028)
Enterprise Size Outlook (Revenue ,USD Billion; 2018-2028)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Social Media Platforms
IT & Telecommunication
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report segments the Cloud Object Storage market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cloud Object Storage Market Segmentation & Impact Analysis
4.1. Cloud Object Storage Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Stringent environmental regulations
22.214.171.124. Rising need to reduce bacterial or algal contamination in water systems
126.96.36.199. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
188.8.131.52. Fluctuating prices of raw material
184.108.40.206. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Cloud Object Storage Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Cloud Object Storage Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Cloud Object Storage Market Regional Outlook
Chapter 8. Competitive Landscape