MarketsandMarkets Report Suggests Value of Cloud Storage Market to Increase to $56.57 Billion by 2019
 A report by research company MarketsandMarkets has suggested that the value of cloud storage market will increase to $56.57 Billion by 2019. The company’s report is entitled: "Public/Private Cloud Storage Market by Solution (Cloud Storage Gateways, Backup & Recovery, Data Movement & Access), by Software (Data Replication, HSM & Archiving, Security & Storage Resource Management) - Worldwide Forecasts & Analysis (2014 - 2019)". The report considers a number of sub-segments within the market. These include “Solutions” - primary storage, backup storage, cloud storage gateway, data movement and access, Components: hardware, software and professional services, “Deployment” - public cloud deployment, private cloud, hybrid cloud and community cloud and “Locations” – including North America (NA), Europe (EU), Asia PACific (APAC), Latin America (LA) and Middle-East and Africa (MEA). The report provides analysis and forecasts for the range of sub-segments offered. The analysis considers “drivers and restraints” and looks at opportunities and risks the market might face. The report considers big data, cloud storage gateway adoption rates, and IT becoming more of a commodity as drivers, while cloud storage security and performance issues are considered constraints. Key opportunities are seen to be increased cloud security solutions demand and companies adopting private cloud storage. The public / private cloud storage market is estimated to grow from $13.57 billion in 2014 to $56.57 billion in 2019 with North America seen as the largest market for cloud storage technology, with big increases forecast in regions that include the Middle-East and Africa (MEA), Latin America (LA) and Asia Pacific (APAC). For more details, look at the company’s website. How do you see growth in the market over the coming years? Let us have your views. Add your comments below. Comment News
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