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US generates about 50 per cent of Revenue in the Global Cloud-based Storage Market: TechNavio Report
• Amazon, EMC, Google, Microsoft are the key players in the Global Cloud-based Storage Market
The Americas (North America & South America) is the highest adopter of cloud-based storage due to wide adoption of cloud computing solutions by enterprises in this region. The adoption of private cloud infrastructure by large enterprises for catering to their internal computational and storage requirements are also acting as a stimulant for the growth of this market in this region.
In the EMEA region, growth is coming from few countries such as the UK, France, Germany, and Spain who are witnessing an impressive adoption of cloud-based storage solution from enterprises and end-users.
Countries like Hong Kong, Singapore, Japan, and Malaysia, are leading the growth of cloud-based storage in the APAC region. As these countries are commissioning new large scale data centers each month, this is providing tremendous growth opportunity for large and small-scale enterprises, to look into cloud based storage solutions for their various business purposes.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “. The BFSI sector accounted for 21 percent of the end-users in 2012 and the adoption will be increasing at an impressive pace in the future. The Manufacturing sector and the ICT sector will be closely following this. The other major sectors adopting cloud-based storage services in the future will be Retail, Healthcare, and Entertainment, which are witnessing an impressive growth in the digital content being used and stored over their networks.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
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TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Cloud-based Storage Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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