Standalone Cloud Storage Market – Global Industry Analysis Report Published by Technavio

LONDON–(BUSINESSWIRE)–

AWS, AT&T, and Google are three key vendors highlighted in a new Technavio report

Technavio has published a new report on the global standalone cloud storage market, which is expected to grow at a CAGR of more than 31% from 2015-2019.

Standalone cloud storage market segmentation by geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different geographies, including the Americas, EMEA, and the APAC region.

The new report by Technavio also accentuates the increased outsourcing of storage services to third parties by enterprises, to leverage the cost advantage of outsourcing, and enhance their overall operational efficiency. Improved quality of service from outsourcing versus in-house storage is another key factor that is prompting enterprises to outsource their storage needs.

“In addition, colocation and managed services, which are the two existing ways to outsource IT, are also gaining popularity over on-premise storage models, driven by the increased traction of outsourcing of storage among enterprises worldwide,” says Faisal Ghaus, Vice President of Technavio.

Standalone cloud storage: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global standalone cloud storage market from 2015-2019. To calculate the overall market size, the report considers the revenue generated through standalone cloud storage services.

Industry analysis includes:

Key Vendors:
- AWS
- AT&T
- Google
- HP
- IBM
- Microsoft
Market Growth Drivers:
- Increased volumes of enterprise data
- Governance, risk, and compliance requirements for storage
Market Challenges:
- Data security and privacy issues
- Interoperability issues
Market Trends:
- Increased outsourcing of storage services
- Emergence of unified storage management systems