TechNavio recognizes the following companies as the key players in the Global Cloud-based Storage Market: Amazon.com Inc., EMC Corp., Google Inc., and Microsoft Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Cloud-based Storage market is witnessing a number of new vendors entering the market and providing cloud-based storage solutions. With the entry of new vendors such as Huawei Technologies Co. Ltd., Egnyte Inc., and Samsung Electronics Co. Ltd., there is increasing competition among vendors resulting in decrease of prices of cloud-based storage solutions. Further, there are many storage equipment vendors that are entering into partnerships with cloud-based service providers to develop cloud-based storage solutions which can meet end-user requirements. Large storage infrastructures are being established to meet growing cloud computing and cloud-based storage requirements.”
According to the report, one of the major drivers is the rapid increase in the adoption of tablets and smartphones for enterprise computing and for accessing enterprise applications. End-users are storing their photos, videos, and music content over the cloud storage infrastructure which is driving higher demand for cloud-based storage solutions.
Further, the report states that one of the major challenges is a growing concern for the security of data in the network. Enterprise data security is a major concern for enterprises that are storing their data over the cloud storage infrastructure. The cloud-based storage service providers are incorporating advanced security measures which ensure the safety of the data.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/global-cloud-based-storage-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Cloud-based Storage Market 2012-2016
