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The $21.34Bn Cloud Storage Market for the Communication & Technology Industry, 2023 - ResearchAndMarkets.com

November 6, 2018

DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Cloud Storage Market for Communication and Technology Industry - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.

The cloud storage market for communication and technology industry was valued at US$4.564 billion in 2017 and is projected to expand at a CAGR of 29.32% over the forecast period to reach US$21.347 billion by 2023.

Rising investment by both public and private sector in ICT infrastructure boosts the growth of the global communication and technology industry. High operating costs associated with maintaining on-premise private platforms is forcing many telecom operators to move their data to cloud service providers like Amazon, Google, IBM, and Microsoft.

Rising investments, both public and private, in cloud-based ICT infrastructure is further driving the demand for cloud storage solutions and services across this sector.

By solution, the cloud storage market for communication and technology industry is segmented as primary and backup storage. The market for backup storage is expected to witness an impressive growth as enterprises continue to drift towards cloud for backing up their critical data and IT environment to ensure business continuity.

By deployment model, the cloud storage market for communication and technology industry is segmented as public, private and hybrid cloud. Telecommunication providers are using private model to reduce data security risks as well as overall costs. In addition, the companies are using public cloud solutions and services as an extension of their private cloud network.

By services, the cloud storage market for communication and technology industry is segmented as integration, consulting and others. All these services are provided to the customers by the cloud storage solution provider so as to help businesses to boost their productivity in an efficient manner.

By enterprise size, the cloud storage market for communication and technology industry is segmented as large and small and medium-sized business (SMB). The enterprises are slowly embracing cloud storage solutions in this industry owing to the regulatory compliance related to data security. Large Enterprise such as Reliance Communications (RCOM) has collaborated with IBM to provide its customers a complete portfolio of highly secure and scalable IaaS offerings that run on the IBM cloud.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Cloud Storage Market for Communication and Technology Industry Forecast by Solution

6. Cloud Storage Market for Communication and Technology Industry Forecast by Deployment Model

7. Cloud Storage Market for Communication and Technology Industry Forecast by Services

8. Cloud Storage Market for Communication and Technology Industry Forecast by Enterprise Size

9. Cloud Storage Market for Communication and Technology Industry Forecast by Geography

10. Competitive Intelligence

11. Company Profiles

Amazon Web Services, Inc. Microsoft IBM Google Hewlett Packard Enterprise Development L.P. Fujitsu DataDepositBox Tata Communications Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/v9p298/the_21_34bn?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005769/en/

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Related Topics:Cloud Computing and Storage

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/06/2018 11:58 AM/DISC: 11/06/2018 11:58 AM

http://www.businesswire.com/news/home/20181106005769/en

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