Product ID: SQMIG45F2073
Global Cloud Storage Market Size, Share, Growth Analysis, By Type(Private, Public), By Application(BFSI, IT and Telecommunication) - Industry Forecast 2024-2031
Report ID:
SQMIG45F2073 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
68 |
Figures:
75
Global Cloud Storage Market Dynamics
Cloud Storage Market Drivers
Order Fulfillment in E-Commerce Sector to aid Growing Deployment of Cloud Storage
- Remote sensing, the Internet of Things (IoT), and higher-quality video capture with cameras have led to the collection of huge amounts of data. This has led to the need for more storage space and is driving the demand for cloud storage. Additionally, it is anticipated that the growing use of AI will increase the need for storage to improve data security.
- Real-time support, which requires data storage, is expected to increase the use of cloud computing services, such as those used by self-driving cars and other connected devices. These are some of the factors that will drive the demand for the cloud storage market during the analysis period.
Cloud Storage Market Restraints
Privacy and Security Risks to Restraint Cloud Computing Market
- Privacy and security of stored information are the major restraints for the cloud computing market. Market expansion is predicted to be impeded by the government's rigorous laws and regulations concerning cloud computing. Government laws with such stringency are likely to stifle economic development.
- The risk of losing control of its data is obvious if that data is stored somewhere other than within the organization's infrastructure. This is especially true in developing and underdeveloped regions, where cloud services are still in their infancy and where awareness of cloud storage is low. It is expected that doubts about cloud storage's security and privacy will slow down cloud storage markets’ growth during the analysis period and its widespread adoption.
Global Cloud Storage Market Report Snapshots
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