Report scope can be customized per your requirements. What are the key outcomes of Porter’s five forces model? The Best Cloud Storage and File-Sharing Services for 2020. Updates on mergers, acquisitions, and expansion plans of leading players. This also is expected to boost the adoption of the cloud storage over the forecast period. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … For instance, in June 2019, Indian Army announced its plans to expand its cloud computing network for storing and sharing operational and personnel information such as deployments, movement of formations and health and service records. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customers being 49.3 million. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. This report is a valuable asset for the existing players, new entrants, and future investors. Growth rate estimates for all product types over the forecast duration. is a hub for market intelligence products and services. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. © 2020 aeresearch.net. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. It offers an analysis of changing competitive scenario. 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. What will be the market size and growth rate in the forecast year? It helps in understanding the major key product segments. Annual growth rate of each regional market over the estimated timeframe. Basic business information, along with product portfolio comprising detailed specifications and top applications. Moreover, cheap and secure storage options result in rapid industrial development. What are the key factors driving the Global Consumer Cloud Storage Services Market? The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. Also, the increasing initiatives from the government or related regulatory bodies pertaining to the storage of large volumes data are propelling the institutions to opt for cloud storage. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... 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