NEW YORK , July 23, 2024 /PRNewswire/ -- The global cloud storage services market size is estimated to grow by USD 123.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 19.
56% during the forecast period. Growth in data generation is driving market growth, with a trend towards high adoption of cloud storage services by smes. However, vendor lock-in issues poses a challenge.
Key market players include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.
com Inc., Cloud Software Group Inc., Dell Technologies Inc.
, Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd.
, Huawei Technologies Co. Ltd., International Business Machines Corp.
, InterVision Systems LLC, Microsoft Corp., NetApp Inc., Nutanix Inc.
, Oracle Corp., Pure Storage Inc., Rackspace Technology Inc.
, ServiceNow Inc., Tencent Holdings Ltd., and Toshiba Corp.
. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Cloud Storage Services Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 19.56% Market growth 2024-2028 USD 123.
84 billion Market structure Fragmented YoY growth 2022-2023 (%) 17.71 Regional analysis North America, APAC, Europe, South America, and Middle East and Africa Performing market contribution North America at 38% Key countries US, China, Japan, Germany, and UK Key companies profiled Aliba.