TechNavio today launched its report Global Cloud-based Storage Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Data Centers team said; ”The Global Cloud-based Storage market is witnessing an increase in the number of cloud storage service providers entering the market. The entry of new vendors such as Huawei Technologies Co. Ltd., Egnyte Inc., and Samsung Electronics Co. Ltd. is leading to competition among the existing vendors in the market. As a result, there is a rapid decrease in the costs associated with storage in cloud. Further, the Global Cloud-based Storage market is witnessing numerous partnerships between software service providers and storage hardware providers to offer cost-effective solutions. Storage equipment providers are also integrating the latest technological developments into their storage devices in order to provide efficient storage services.”
According to the report, as a result of the increasing adoption of tablets and smartphones by end-users, the Global Cloud-based Storage market is witnessing a growing demand for cloud-based storage infrastructure to store digital content. End-users are storing various files such as music, photos, and videos in cloud-based storage through these devices. Various cloud storage service providers are offering storage space for free or at a nominal fee, based on the storage capacity on demand requirements. Cloud-based storage facilitates access to end-user data from any remote location, which is an added advantage. This flexibility of being able to access end-user content easily is increasing the demand for cloud-based storage, which is driving the Global Cloud-based Storage market.
Further, the report also discusses that one of the main challenges for this market is the growing concern about data security in cloud-based storage.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-cloud-based-storage-market-2011-…
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TechNavio Announces the Publication of its Report – Global Cloud-based Storage Market 2011-2015
