Cloud Storage Market to Exhibit 6.3% CAGR by 2027 Backed by Increasing Focus on Power Generation in APAC Region, says Fortune Business Insights™

Pune, India, Feb. 19, 2021 (GLOBE NEWSWIRE) — The global cloud storage market is set to gain traction from the rising adoption of autonomous systems and machine learning. Besides, the introduction to unique video systems, internet of things (IoT), and remote sensing technologies are driving the market growth. This information is provided by Fortune Business Insights™ in a recent study, titled, “Cloud Storage Market size, Share & Industry Analysis, By Component (Storage Model, and Services), By Deployment (Private, Public, and Hybrid), By Enterprise Size (SMEs, and Large Enterprises), By Vertical (BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, and Others), and Regional Forecast, 2021-2028.” The study further mentions that the cloud storage market size was USD 49.13 billion in 2021 and is projected to reach USD 297.54 billion by 2028, exhibiting a CAGR of 25.3% during the forecast period.

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Fortune Business Insights™ presents a list of all the companies operating in the global market. They are as follows:

  • Alibaba Cloud (China)
  • Amazon Web Services, Inc. (United States)
  • Dell Technologies Inc. (United States)
  • Dropbox (United States)
  • Fujitsu Ltd, Inc. (Japan)
  • Google, Inc. (United States)
  • Hewlett Packard Enterprise Development LP (United States)
  • IBM Corporation (United States)
  • Microsoft Corporation (United States)
  • Oracle (United States)
  • pCloud AG (Switzerland)
  • Rackspace, Inc. (United States)
  • VMware, Inc. (United States)

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the…