Cloud Based Storage Market Dynamics, Information, Manufacturing, Analysis and Forecasts 2016-2024
“The global Cloud Based Storage Market is anticipated to witness growth owing to rising adoption of online depositories by prominent companies to manage and store data efficiently at reduced costs. It is a prototype of data storage in which digital information is warehoused in rational pools”
“The global Cloud Based Storage Market is anticipated to witness growth owing to rising adoption of online depositories by prominent companies to manage and store data efficiently at reduced costs. It is a prototype of data storage in which digital information is warehoused in rational pools”
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<strong>Cloud</strong> <strong>Based</strong> <strong>Storage</strong> <strong>Market</strong> <strong>Dynamics</strong>, <strong>Information</strong>,<br />
<strong>Manufacturing</strong>, <strong>Analysis</strong> <strong>and</strong> <strong>Forecasts</strong> <strong>2016</strong>-<strong>2024</strong><br />
“The global <strong>Cloud</strong> <strong>Based</strong> <strong>Storage</strong> <strong>Market</strong> is anticipated to witness growth<br />
owing to rising adoption of online depositories by prominent companies to<br />
manage <strong>and</strong> store data efficiently at reduced costs. It is a prototype of data<br />
storage in which digital information is warehoused in rational pools”<br />
The global <strong>Cloud</strong> <strong>Based</strong> <strong>Storage</strong> <strong>Market</strong> is anticipated to witness growth owing to rising adoption of online<br />
depositories by prominent companies to manage <strong>and</strong> store data efficiently at reduced costs. It is a prototype of<br />
data storage in which digital information is warehoused in rational pools. People <strong>and</strong> establishments purchase<br />
or lease memory warehouses in terms of volume from the providers to store application, user or organization<br />
data.<br />
Memory warehouse maintenance tasks, such as purchasing additional memory capacity, are offloaded to<br />
service providers they provide users with instant access to a broad range of resources <strong>and</strong> applications held in<br />
the infrastructure of organizations through web service interface which makes them a desirable choice.<br />
Moreover, they also allow users to upload or retrieve their desired information from anywhere in the world at<br />
any time.<br />
Rapid adoption of online depository gateways <strong>and</strong> rising need to store unstructured information at minimum<br />
cost along with advanced solutions are the major market drivers of the industry. It serves various verticals such<br />
as manufacturing, logistics & transportation, telecommunication &IT, retail &consumer goods, media &<br />
entertainment, Banking Financial services <strong>and</strong> Insurance (BFSI), government, healthcare & life science, energy<br />
&utilities, <strong>and</strong> research & education which serve as an indicator of the promising growth prospects for the<br />
industry over the next seven years.<br />
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It reduces the risk of unauthorized physical access to information which has lately increased its usage among<br />
SMBs, large enterprises <strong>and</strong> government bodies. The market can be segmented on the basis of solutions,<br />
applications <strong>and</strong> deployment models. Solutions are further segregated into primary, online gateway solution,<br />
backup solution <strong>and</strong> data movement <strong>and</strong> access storage solution. <strong>Cloud</strong>-based storage has applications in<br />
several domains including SharePoint, exchange, <strong>and</strong> manufacturing.<br />
The private online warehouse facility provides a dedicated space to organizations, affirming security <strong>and</strong> control.<br />
Under the public online depository model, clients share the identical arrangement with restricted configuration,<br />
protection, safety, <strong>and</strong> availability variations. Online memory warehouse providers deliver economies of scale<br />
by using the same depository capacity to meet the needs of many organizations, passing the cost savings to<br />
their customer base, hence making it a revolution in making.<br />
Hybrid online depository has gained prominence in recent years due to their features such as cost effective as<br />
well as security, which help enterprises to use it as per their need. SMEs benefit to a huge extent as it<br />
significantly diminishes information depository costs, increases efficiency, <strong>and</strong> safeguards easy access to<br />
information from anywhere <strong>and</strong> at any time.<br />
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Online depository of memory can be used for replicating virtual machine pictures from online depository to onpremises<br />
locations. In addition; it can be used to move virtual machine images between data centers or between<br />
user accounts. As a result of this, with rising digitization, it is expected to grow at a considerable rate over the<br />
forecast period.<br />
The major challenge is the disclosure of personal information by certain erroneous means, faulty equipment, a<br />
bug, criminal intent or when information warehouse/network is shared with many other users/customers. It<br />
poses a threat to the privacy of an individual or a firm. However, creating proper service level agreements (SLAs)<br />
has helped in providing high end memory security.<br />
The transmission of information from on premise boards to an online memory boards is expected to boost<br />
industry growth over the forecast period. New technological advancements such as virtual gateway applications<br />
designed for enterprises by major market players including Amazon <strong>and</strong> Microsoft <strong>and</strong> modern storage arrays<br />
along with gateway support features are expected to open new growth opportunities for the business.<br />
The major market players are VMware, Box, Google, IBM, HP, Microsoft, Web Services, Fujitsu, RackSpace, <strong>and</strong><br />
AT&T. The business online storage vendors include Amazon, Just<strong>Cloud</strong>, OpenDrive, Egnyte, MozyPro, CrashPlan<br />
<strong>and</strong> Dropbox. Amazon offers workplaces a cloud based desktop that helps in network optimization with the help<br />
of Amazon Web Services.
Oracle has introduced three online storage services platform as a service, infrastructure as a service <strong>and</strong><br />
software as a service. These services are expected to solve real business problems as well as accessible at any<br />
time, from anywhere with the help of a browser. Other new analytical services include Oracle SQL, Oracle big<br />
data cloud <strong>and</strong> Oracle Data Visualization <strong>Cloud</strong> Service.<br />
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