Cloud Object Storage (COS) Market 2019-2023: Key Findings, Business Trends, Regional Study, Top Emerging Audience and Future Prospects

Cloud Object Storage (COS) Market 2019-2023: Key Findings, Business Trends, Regional Study, Top Emerging Audience and Future Prospects

Cloud Object Storage (COS) Market
Global Cloud Object Storage (COS) Market is expected to grow at approximately USD 6 Billion by 2023, at 14% of CAGR between 2017 and 2023 and Cloud Object Storage Market, By Service (Professional Service, Managed Service), By Organization Size (Large Enterprises, Small and Medium Enterprises).

Cloud Object Storage Market Synopsis:

Market Research Future (MRFR) recently came out with a report on the cloud object storage system market to declare the advantages the market would obtain in the coming years. Cloud object storage system is a virtual section where people can store their data and information for timely operations.

This is fast becoming popular among industries and is gaining strong tailwinds that ensures a swift growth for the Cloud Object Storage System Market by 14% CAGR to USD 6 billion valuation during the forecast period (2017-2023).

Growing digitalization across countries, better access, high technology, and increasing knowledge of the cost-effective system are expected to open up avenues for the system. In addition, big data analytics and IoT are anticipated to create substantial market growth.

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Competitive Landscape:

Cloud object storage system Increasing realization from end-user industries are making market players more interested in taking the global cloud object storage market ahead. Their strategic moves, which often include merger, acquisition, collaboration, product launch, and others are primarily aimed at their individual market growth. However, its results also impact the holistic growth of the market as well. These companies are Dell EMC (U.S.), International Business Machines Corporation (U.S.), Hitachi Data Systems (U.S.), Hewlett-Packard Enterprise (U.S.), Datadirect Networks (U.S.), Microsoft Corporation (U.S.), Caringo Inc. (U.S.), Netapp, Inc. (U.S.), International Data Corporation (U.S.), and Google (U.S.). MRFR profiled these companies for better market understanding.

In February 2019, Microsoft declared that they have initiated the commercial usage of the Azure Data Lake Storage Gen2 and Azure Data Explorer. This shows how extensively the global market has been impacted by the inclusion of this product.

Segmentation:

MRFR’s attempt to unearth details of the cloud object storage market is based on the extensive segmentation of the service, organization size, cloud deployment and end-user. This analysis has proper backing from the value-based and volume-based figures.

  • By Service, the cloud object storage market has been segmented into professional service, and managed service.
  • By organization size, the cloud object storage market has been segmented into large enterprises, and small & medium enterprises
  • By cloud deployment, the global cloud object storage market has been segmented into public cloud, hybrid cloud, and private cloud.
  • By end-user, the cloud object storage market has been segmented into social media platforms, IT & telecommunication, BFSI, and others.

Regional Analysis:

By region, the global cloud object storage market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is presumed to lead the expansion of the global market through the projection period.

The consolidation of key players in the region is likely to aid the proliferation of the cloud object storage market in the region across the review period. In addition, the large-scale inflow and outflow of massive data has intensified the adoption of cloud storage services in the region among both large as well as small & medium enterprises. Meanwhile, Asia Pacific is also expected to resonate strong opportunities and exhibit drastic rise in growth curve of the cloud object storage market.

Intended Audience:

  • Investors and consultants
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms
  • Technology solution providers

Table of Contents

1        Market Introduction

1.1       Introduction   

1.2       Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3       Market Structure

Continued….

List of Tables

Table 1 Cloud Object Storage Market, By Service

Table 2 Cloud Object Storage Market, By Organization Size                

Table 3 Cloud Object Storage Market, By Cloud Deployment

Continued….

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List of Figures

Figure 1 Research Type

Figure 2 Cloud Object Storage Market: By Service (%)

Figure 3 Cloud Object Storage Market: By Organization Size (%)

Continued….

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