Cloud Storage Market by Solution (Primary Storage, Disaster Recovery & Backup Storage, Cloud Storage Gateway & Data Archiving), Service, Deployment Model (Public, Private & Hybrid), Organization Size, Vertical & Region - Global Forecast to 2021

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Date: 06-Sep-2016
No. of pages: 157
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“Factors such as growing demand for hybrid cloud storage, increasing need for enterprise mobility,and the need for reduced infrastructure cost are driving the cloud storage market”

The cloud storage market size is estimated to grow from USD 23.76 billion in 2016 to USD 74.94 billion by 2021, at a CAGR of 25.8% from 2016 to 2021. The cloud storage market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the organizations’ inclination toward subscription-based storage and pay-per-use model.

“Primary storage is expected to have the largest market share during the forecast period”

Cost efficiency for enterprises is the major advantage of primary storage as it charges customers based on the storage space utilized. The increasing adoption of cloud-based solutions among the enterprises is driving the growth of primary storage solution.

“North America to have the largest share of the market; Asia-Pacific (APAC) to grow at the highest CAGR”

North America is expected to hold the largest market share in 2016, while APAC is the fastest-growing region in terms of CAGR. Cloud storage helps avoid security issues and IT glitches and is therefore, growing rapidly in APAC. Cloud emergence and mandatory government regulations are simultaneously helping in boosting the growth of the cloud storage market in the region.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:


  • By Company: Tier 1 – 18%, Tier 2 – 31%, and Tier 3 – 51%

  • By Designation: C level – 42%, Director level – 33%, Others – 25%

  • By Region: North America – 47%, Europe – 31%, APAC – 14%, ROW- 8%


The need to maintain on-premises storage resources such as disk storage and tape devices was reduced due to the availability of cloud storage solutions. Some of the benefits provided by cloud storage solutions include scalability, flexibility, infrastructure cost, and security. The increasing demand for cloud storage solutions among SMEs has further enhanced the demand for across many verticals.

The various key cloud storage providers profiled in the report are as follows:


  • Amazon Web Services (Washington, U.S.)

  • Microsoft Corporation (Washington, U.S.)

  • IBM Corporation (New York, U.S.)

  • Hewlett Packard Enterprise (California, U.S.)

  • VMware Inc. (California, U.S.),

  • EMC Corporation (Massachusetts, U.S.),

  • Google Inc. (California, U.S.),

  • Oracle Corporation (California, U.S.),

  • Rackspace Inc. Texas, U.S.),

  • Dropbox Inc. (California, U.S.),


Objectives of the Study


  • To describe and forecast the global cloud storage market on the basis of solutions, services,  deployment models, organization size, industry verticals, and regions

  • To forecast the market size of the five main regional segments, namely north America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America

  • To strategically analyze subsegments with respect to individual growth trends, future prospects, and contribution to the total market

  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

  • To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players

  • To strategically profile key players and comprehensively analyze their core competencies1 and positioning

  • To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the market


Key Target Audience


  • Cloud vendors

  • Application design and development service providers

  • System integrators/migration service providers

  • Consultancy firms/advisory firms

  • Training and education service providers

  • Data integration service providers

  • Managed service providers

  • Data quality service providers

Cloud Storage Market by Solution (Primary Storage, Disaster Recovery & Backup Storage, Cloud Storage Gateway & Data Archiving), Service, Deployment Model (Public, Private & Hybrid), Organization Size, Vertical & Region - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Cloud Storage Market
4.2 Market: Market Share of Top Three Service Types and Regions
4.3 Lifecycle Analysis, By Region, 2016
4.4 Market Investment Scenario
4.5 Market: By Vertical

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Solution
5.3.2 By Service
5.3.3 By Deployment Model
5.3.4 By Organization Size
5.3.5 By Vertical
5.3.6 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increasing Adoption of Hybrid Cloud Storage
5.4.1.2 Growing Need for Enterprise Mobility for Improved Efficiency
5.4.1.3 Ease of Deployment of Cloud Storage Solutions
5.4.2 Restraints
5.4.2.1 Stringent Government Rules and Regulations
5.4.2.2 Lack of High Network Bandwidth
5.4.3 Opportunities
5.4.3.1 High Rate of Adoption Among Small and Medium Enterprises
5.4.3.2 Increasing Need for Technologically Advanced Storage Solution
5.4.4 Challenges
5.4.4.1 Stiff Competition
5.4.4.2 Delivering Robust Yet High Performing Storage

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Ecosystem
6.4 Strategic Benchmarking

7 Cloud Storage Market Analysis, By Solution
7.1 Introduction
7.2 Primary Storage
7.3 Disaster Recovery and Backup Storage
7.4 Cloud Storage Gateway
7.5 Data Archiving

8 Cloud Storage Market Analysis, By Service
8.1 Introduction
8.2 Training and Consulting
8.3 Cloud Integration and Migration Services
8.4 Support and Maintenance
8.5 Managed Services

9 Cloud Storage Market Analysis, By Deployment Model
9.1 Introduction
9.2 Public Cloud
9.3 Private Cloud
9.4 Hybrid Cloud

10 Cloud Storage Market Analysis, By Organization Size
10.1 Introduction
10.2 Small and Medium Enterprises (SMES)
10.3 Large Enterprises

11 Cloud Storage Market Analysis, By Vertical
11.1 Introduction
11.2 Banking, Financial Services and Insurance (BFSI)
11.3 Consumer Goods and Retail
11.4 Education
11.5 Government and Public Sector
11.6 Healthcare and Life Sciences
11.7 Manufacturing
11.8 Media and Entertainment
11.9 Telecommunication and ITeS
11.10 Others

12 Geographic Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific (APAC)
12.5 Middle East and Africa (MEA)
12.6 Latin America

13 Competitive Landscape
13.1 Overview
13.2 Competitive Situation and Trends
13.2.1 New Product Launches
13.2.2 Partnerships, Agreements, and Collaborations
13.2.3 Mergers and Acquisitions
13.2.4 Expansions

14 Company Profiles
14.1 Introduction
14.2 Amazon Web Services
14.2.1 Business Overview
14.2.2 Products and Services Offered
14.2.3 Recent Developments
14.2.4 MnM View
14.2.4.1 Key Strategies
14.2.4.2 SWOT Analysis
14.3 IBM Corporation
14.3.1 Business Overview
14.3.2 Products and Services Offered
14.3.3 Recent Developments
14.3.4 MnM View
14.3.4.1 Key Strategies
14.3.4.2 SWOT Analysis
14.4 Microsoft Corporation
14.4.1 Business Overview
14.4.2 Products Offered
14.4.3 Recent Developments
14.4.4 MnM View
14.4.4.1 Key Strategies
14.4.4.2 SWOT Analysis
14.5 VMware, Inc.
14.5.1 Business Overview
14.5.2 Products and Services Offered
14.5.3 Recent Developments
14.5.4 MnM View
14.5.4.1 Key Strategies
14.5.4.2 SWOT Analysis
14.6 Hewlett Packard Enterprise Company
14.6.1 Business Overview
14.6.2 Produts and Services Offered
14.6.3 Recent Developments
14.6.4 MnM View
14.6.4.1 Key Strategies
14.6.4.2 SWOT Analysis
14.7 Google, Inc.
14.7.1 Business Overview
14.7.2 Products and Services Offered
14.7.3 Recent Developments
14.8 Oracle Corporation
14.8.1 Business Overview
14.8.2 Products and Services Offered
14.8.3 Recent Developments
14.9 EMC Corporation
14.9.1 Business Overview
14.9.2 Products Offered
14.9.3 Recent Developments
14.10 Rackspace Hosting, Inc.
14.10.1 Business Overview
14.10.2 Products and Services Offered
14.10.3 Recent Developments
14.11 Dropbox, Inc.
14.11.1 Business Overview
14.11.2 Products Offered
14.11.3 Recent Developments

15 Appendix
15.1 Key Industry Insights
15.2 Other Key Developments
15.2.1 New Product Launches, 2013-2016
15.2.2 Partnerships, Agreements, and Collaborations, 2013-2016
15.2.3 Expansions, 2013-2016
15.3 Discussion Guide
15.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.5 Introducing RT: Real-Time Market Intelligence
15.6 Available Customizations
15.7 Related Reports

List of Tables

Table 1 Cloud Storage Market Size and Growth Rate, 2014–2021 (USD Million)
Table 2 Market Size, By Solution, 2014-2021 (USD Billion)
Table 3 Primary Storage: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 4 Disaster Recovery and Backup Storage: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 5 Cloud Storage Gateway: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 6 Data Archiving: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 7 Cloud Storage Market Size, By Service, 2014-2021 (USD Billion)
Table 8 Training and Consulting: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 9 Cloud Integration and Migration Services: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 10 Support and Maintenance: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 11 Managed Services: Market Size, By Vertical, 2014-2021 (USD Billion)
Table 12 Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 13 Public Cloud: Cloud Storage Market Size, By Region, 2014-2021 (USD Billion)
Table 14 Private Cloud: Market Size, By Region, 2014-2021 (USD Billion)
Table 15 Hybrid Cloud: Market Size, By Region, 2014-2021 (USD Billion)
Table 16 Market Size, By Organization Size, 2014-2021 (USD Billion)
Table 17 Small and Medium Enterprises: Market Size, By Region, 2014-2021 (USD Billion)
Table 18 Large Enterprises: Market Size, By Region, 2014-2021 (USD Billion)
Table 19 Market Size, By Vertical, 2014-2021 (USD Billion)
Table 20 Banking, Financial Services, and Insurance: Cloud Storage Market Size, By Region, 2014-2021 (USD Billion)
Table 21 Banking, Financial Services, and Insurance: Market Size, By Solution, 2014-2021 (USD Billion)
Table 22 Banking, Financial Services, and Insurance: Market Size, By Service, 2014-2021 (USD Billion)
Table 23 Consumer Goods and Retail: Market Size, By Region, 2014-2021 (USD Billion)
Table 24 Consumer Goods and Retail: Market Size, By Solution, 2014-2021 (USD Billion)
Table 25 Consumer Goods and Retail: Cloud Storage Market Size, By Service, 2014-2021 (USD Billion)
Table 26 Education: Market Size, By Region, 2014-2021 (USD Billion)
Table 27 Education: Market Size, By Solution, 2014-2021 (USD Billion)
Table 28 Education: Cloud Storage Market Size, By Service, 2014-2021 (USD Billion)
Table 29 Government and Public Sector: Market Size, By Region, 2014-2021 (USD Billion)
Table 30 Government and Public Sector: Market Size, By Solution, 2014-2021 (USD Billion)
Table 31 Government and Public Sector: Market Size, By Service, 2014-2021 (USD Billion)
Table 32 Healthcare and Life Sciences: Cloud Storage Market Size, By Region, 2014-2021 (USD Billion)
Table 33 Healthcare and Life Sciences: Market Size, By Solution, 2014-2021 (USD Billion)
Table 34 Healthcare and Life Sciences: Market Size, By Service, 2014-2021 (USD Billion)
Table 35 Manufacturing: Market Size, By Region, 2014-2021 (USD Billion)
Table 36 Manufacturing: Market Size, By Solution, 2014-2021 (USD Billion)
Table 37 Manufacturing: Cloud Storage Market Size, By Service, 2014-2021 (USD Billion)
Table 38 Media and Entertainment: Market Size, By Region, 2014-2021 (USD Billion)
Table 39 Media and Entertainment: Market Size, By Solution, 2014-2021 (USD Billion)
Table 40 Media and Entertainment: Cloud Storage Market Size, By Service, 2014-2021 (USD Billion)
Table 41 Telecommunication and ITeS: Market Size, By Region, 2014-2021 (USD Billion)
Table 42 Telecommunication and ITeS: Market Size, By Solution, 2014-2021 (USD Billion)
Table 43 Telecommunication and ITeS: Market Size, By Service, 2014-2021 (USD Billion)
Table 44 Others: Market Size, By Region, 2014-2021 (USD Billion)
Table 45 Others: Market Size, By Solution, 2014-2021 (USD Billion)
Table 46 Others: Cloud Storage Market Size, By Service, 2014-2021 (USD Billion)
Table 47 Market Size, By Region, 2014-2021 (USD Billion)
Table 48 North America: Cloud Storage Market Size, By Vertical, 2014-2021 (USD Billion)
Table 49 North America: Market Size, By Solution, 2014-2021 (USD Billion)
Table 50 North America: Market Size, By Service, 2014-2021 (USD Billion)
Table 51 North America: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 52 North America: Market Size, By Organization Size, 2014-2021 (USD Billion)
Table 53 Europe: Cloud Storage Market Size, By Vertical, 2014-2021 (USD Billion)
Table 54 Europe: Market Size, By Solution, 2014-2021 (USD Billion)
Table 55 Europe: Market Size, By Service, 2014-2021 (USD Billion)
Table 56 Europe: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 57 Europe: Market Size, By Organization Size, 2014-2021 (USD Billion)
Table 58 Asia-Pacific: Cloud Storage Market Size, By Vertical, 2014-2021 (USD Billion)
Table 59 Asia-Pacific: Market Size, By Solution, 2014-2021 (USD Billion)
Table 60 Asia-Pacific: Market Size, By Service, 2014-2021 (USD Billion)
Table 61 Asia-Pacific: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 62 Asia-Pacific: Market Size, By Organization Size, 2014-2021 (USD Billion)
Table 63 Middle East and Africa: Cloud Storage Market Size, By Vertical, 2014-2021 (USD Billion)
Table 64 Middle East and Africa: Market Size, By Solution, 2014-2021 (USD Billion)
Table 65 Middle East and Africa: Market Size, By Service, 2014-2021 (USD Billion)
Table 66 Middle East and Africa: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 67 Middle East and Africa: Market Size, By Organization Size, 2014-2021 (USD Billion)
Table 68 Latin America: Cloud Storage Market Size, By Vertical, 2014-2021 (USD Billion)
Table 69 Latin America: Market Size, By Solution, 2014-2021 (USD Billion)
Table 70 Latin America: Market Size, By Service, 2014-2021 (USD Billion)
Table 71 Latin America: Market Size, By Deployment Model, 2014-2021 (USD Billion)
Table 72 Latin America: Market Size, By Organization Size, 2014-2021 (USD Billion)
Table 73 New Product Launches, 2013–2016
Table 74 Partnerships, Agreements, and Collaborations, 2013–2016
Table 75 Mergers and Acquisitions, 2013–2016
Table 76 Expansions, 2013–2016

List of Figures

Figure 1 Global Cloud Storage Market: Market Segmentation
Figure 2 Global Market: Research Design
Figure 3 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Global Cloud Storage Market: Assumptions
Figure 8 Market, By Deployment Model (2016 vs 2021)
Figure 9 Market, By Organization Size (2016 vs 2021)
Figure 10 North America is Estimated to Hold the Largest Market Share in 2016
Figure 11 Top Three Segments for the Market, 2016–2021
Figure 12 Growth Trend of Market (2016–2021)
Figure 13 Training and Consulting Service Type and North America to Have the Largest Market Share in 2016
Figure 14 Regional Lifecycle Analysis (2016): Asia-Pacific to Enter Exponential Growth Phase During the Forecast Period
Figure 15 Cloud Storage Market Investment Scenario: Asia-Pacific Would Emerge as the Best Market for Investments in the Next Five Years
Figure 16 Telecommunication and ITeS is Estimated to Hold the Largest Market Size in 2016
Figure 17 The Evolution of Cloud Storage Market
Figure 18 Market, By Solution
Figure 19 Market, By Service
Figure 20 Market, By Deployment Model
Figure 21 Market, By Organization Size
Figure 22 Market, By Vertical
Figure 23 Market, By Region
Figure 24 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Market: Value Chain Analysis
Figure 26 Cloud Storage Ecosystem
Figure 27 Cloud Storage Market: Strategic Benchmarking
Figure 28 Primary Storage Solution is Expected to Have the Largest Market Size in 2016
Figure 29 Training and Consulting Segment is Expected to Hold the Largest Market Size in 2016
Figure 30 Public Cloud Model is Expected to Hold the Largest Market Size in 2016
Figure 31 Large Enterprises Segment is Expected to Hold the Largest Market Size in 2016
Figure 32 Telecommunication and ITeS Vertical Expected to Hold the Largest Market Size in Cloud Storage Market in 2016
Figure 33 North America is Expected to Have the Largest Market Size in 2016
Figure 34 North America Market Snapshot
Figure 35 Asia-Pacific Market Snapshot
Figure 36 Companies Adopted New Product Launches as the Key Growth Strategy During 2013–2016
Figure 37 Product Portfolio Comparison of the Top Five Companies
Figure 38 Market Evaluation Framework
Figure 39 Battle for Market Share: New Product Launch is the Key Strategy
Figure 40 Geographic Revenue Mix of Top Market Players
Figure 41 Amazon Web Services: Company Snapshot
Figure 42 Amazon Web Services: SWOT Analysis
Figure 43 IBM Corporation: Company Snapshot
Figure 44 IBM Corporation: SWOT Analysis
Figure 45 Microsoft Corporation: Company Snapshot
Figure 46 Microsoft Corporation: SWOT Analysis
Figure 47 VMware, Inc.: Company Snapshot
Figure 48 VMware, Inc.: SWOT Analysis
Figure 49 Hewlett Packard Enterprise Company: Company Snapshot
Figure 50 Hewlett Packard Enterprise Company: SWOT Analysis
Figure 51 Google, Inc.: Company Snapshot
Figure 52 Oracle Corporation: Company Snapshot
Figure 53 EMC Corporation: Company Snapshot
Figure 54 Rackspace Hosting, Inc.: Company Snapshot
Figure 55 Dropbox, Inc.: Company Snapshot

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