Europe Cloud Storage Market Forecast 2019-2027
The Europe cloud storage market generated a revenue of $XX million in 2018. The market is anticipated to increase at a CAGR of 20.64% during the forecast period of 2019-2027, and the revenue generated by the market is also expected to reach $XX million by the end of the forecast years.
The growing internet usage amongst the end-users, the emergence of gateways for cloud storage, decentralized workforce driving the need for cloud storage, application in cloud computing, and data loss are all proving to be major drivers for the Europe cloud storage market. The market is divided into four segments that includes the organization type (medium, small, or large enterprises), deployment mode (private cloud deployment/ public cloud deployment), the end-users (BFSI, government, media and consumer goods) and the solutions (primary storage, data movement solution, access solution, backup storage, etc.). The need for higher bandwidth for cloud storage solutions and the security & privacy concerns are some of the factors restraining the market.
Acronis, Inc., Amazon Web Services Inc., Apple, Inc., AT&T Inc., Backblaze, Inc., Box Inc., Cisco Systems, Inc., Ctera Networks, Dell EMC Corporation, Dropbox, Inc., Fujitsu Ltd, Google, Inc., Hp, Inc., Idrive, International Business Machines Corporation (IBM), Microsoft Corporation, Nasuni Corporation, Oracle Corporation, Rackspace Hosting, Inc., Salesforce.Com, Inc., SAP SE, SugarSync and Vmware Inc. are some of the top companies in the cloud storage market.