Product ID: SQMIG45F2073
Report ID:
SQMIG45F2073 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
68 |
Figures:
75
Global Cloud Storage Market size was valued at USD 185.49 billion in 2019 and is poised to grow from USD 217.02 billion in 2023 to USD 777.98 billion by 2031, growing at a CAGR of 17.8% in the forecast period (2024-2031).
Causes that contribute to the expansion of the cloud storage market are the rising volume of unstructured data and the rising need for advanced technologies such as the internet of things, artificial intelligence, analytics, and automation, among others. The cloud stores and manages data through the internet and can be given on-demand and according to a pay-per-use model. Additionally, cloud-based data storage offers worldwide scalability, flexibility, remote access, and durability. These are some of the major reasons for the growth of the cloud storage market during the analysis period.
US Cloud Storage Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONGlobal Cloud Storage Market size was valued at USD 185.49 billion in 2019 and is poised to grow from USD 217.02 billion in 2023 to USD 777.98 billion by 2031, growing at a CAGR of 17.8% in the forecast period (2024-2031).
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Product ID: SQMIG45F2073