Need for Flexibility Driving Adoption of Cloud Based Storage

June 1, 2011 - PRLog -- London, UK -- Research conducted by TechNavio reveals, that the Global Cloud Based Storage market is expected to grow at a CAGR of 41.3 percent. The report, which focuses on Americas, EMEA, and APAC indicates, that the market is currently driven by the need for flexible storage capability and scalability.

“In today’s dynamic business environment, organizations cannot predict or forecast the volume of data they will handle and store. Traditional storage limits the volume of data storage and increases handling cost. In cloud based storage, the capacity can be increased based on customer requirements far more easily in comparison with traditional methods,” report TechNavio analysts.

In spite of the demand for cloud based storage, constantly increasing government regulations hinder the growth of this market. However, increased IT spending will have a positive impact on the market growth.

The Global Cloud Based Storage market is marked by the increasing adoption of cross-cloud storage solutions. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.

The report, Global Cloud Based Storage Market 2010-2014, is based on an extensive research and inputs from industry experts, vendors, and end users. It examines the factors impacting the evolution of this market, including the key trends, drivers, and challenges. Further, it contains an in-depth understanding of the key vendors including a SWOT analysis for each vendor.

Companies mentioned in this report include: Amazon.com Inc., EMC CORPORATION, NetApp Inc., and BT Group PLC.

For further information, please visit http://www.technavio.com/content/global-cloud-based-stora... or email enquiry@infiniti-research.com.

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