Comprehensive Report on Global Cloud Storage Market by Knowledge Sourcing Intelligence
Global cloud storage market is antici pated to grow at a CAGR of 29.73 % during the forecast period to reach a total market size of US$92.488 billion by 2022, increasing from US$25.171 billion in 2017. Rising demand for flexible and scalable data storage solutions is driving the cloud storage market acr oss the globe. The se solutions have a wide range of applications in various sectors such as communication technology, media and entertainment, BFSI, healthcare, and retail among others . Huge investments by various market players to improve the performance and security of the cloud storage solutions has resulted in increasing adoption of these solutions, thereby driving the market growth. However, persisting data security issues associated with the use of cloud storage will inhibit the growth of the cloud storage market to some extent. Increasing Adoption of Cloud Solution Across Industry Verticals: Companies and organizations