Global Stand Alone Cloud Storage Market - Industry Analysis 2015-2019
Overview of the standalone cloud storage market
The increase in data volumes generated by business enterprises has driven the need for more efficient data storage options worldwide. The cloud has emerged as the most effective alternative for the traditional on-premise storage. Here, enterprises can lease their storage infrastructure to a standalone cloud storage service provider to store their business data thereby reducing their operational expenditure. The global standalone cloud storage market is predicted to grow rapidly at a rate of nearly 31% during the forecast period.
The Governance Risk and Compliance (GRC) requirements specified by the different governments worldwide are also driving the growth of this market. For instance, in China, it is mandatory to record all bank transactions in the country and present it to the concerned authority on demand. Cloud storage addresses these huge volume requirements while also enabling easy monitoring and performance analysis services.
Segmentation of the cloud computing market by storage
In a public cloud-based storage model, enterprise resources are accessed over the internet after verification of user credentials and are offered on a pay-as-you-go subscription model. Due to the high-risk factor to external threats this model is not recommended for storing critical data.
Private cloud-based storage models provide a dedicated storage environment to enterprises. They are more secure when compared to the public storage models, and the user has more control over resources such as servers, storage, and networks. Private cloud-based model is classified into on-premise private storage cloud and externally hosted private cloud storage.
Segmentation of the global standalone cloud storage market by geography
The Americas dominated the standalone cloud storage market, with a share of nearly 50% of the market. Most of the leading vendors worldwide are based out of this region and around 60% of the enterprises in this region have adopted cloud-based services. The Americas is predicted to witness a steady growth during the forecast period.
The EMEA region is the second largest contributor to the standalone cloud storage market with the majority of the revenue coming from Western Europe. It’s estimated that the European business enterprises would spend around $8 billion in 2015 for cloud-based services alone. The APAC region has seen steady growth in the standalone cloud storage market with countries like Japan, China, and India emerging as the key contributors.
Vendor landscape of the global standalone cloud storage market
The global standalone cloud storage market is dominated by big players such as Amazon, Google, HP and Microsoft, who provide a large portfolio of services and products. Nearly 2,500 petabytes of data are being generated by enterprise applications, worldwide every day. This need for data storage and management is expected to fuel the growth of the cloud storage market.
The leading vendors in the market include: -
- Amazon Web Services
Other prominent vendors in the market are Arsys, Atos, Bluelock, CenturyLink, Cloudian, Cognizant, CSC, Dell, Dimension Data, Egnyte, EMC, Fujitsu, GoGrid, iomart, Iron Mountain, Joyent, Media Temple, Nasuni, NaviSite, Nippon Telegraph and Telephone, PEER 1 Hosting, Quantum, Rackspace, Salesforce, SoftLayer, Sungard, Swisscom, TCS, Verizon Communications, and Zetta.net.
Other sections of the report include an analysis of the following
- What are the key factors driving the cloud storage market?
- What are the key market trends impacting the growth of the standalone cloud storage market?
- What are the various opportunities and threats faced by the vendors in the global standalone cloud storage market?
- What is the growth forecast for the key segments of the global standalone cloud storage market?
- What are the trending factors influencing the market shares of Asia, North America, Europe, and ROW?
- What are the key outcomes of the five forces analysis of the global standalone cloud storage market?