Artificial Intelligence
Cloud Storage Market to Reach USD 236.4 Billion by 2028 owing to its Prompt On-demand Access Feature

Westford, USA, Jan. 13, 2023 (GLOBE NEWSWIRE) — Data is kept on distant servers and accessed over the Internet or a specialized private network connection under the cloud storage model of cloud computing. In addition to providing immediate automatic backup and defense against burglary and natural disasters, it also lowers server management and maintenance costs. The cloud storage market is anticipated to grow significantly due to factors including the rising number of IT and software companies, the production of an increasing amount of data, and the advantages of portable storage and network-compatible access.
According to SkyQuest’s research insights, the total volume of data/information generated, transferred, stored, and consumed globally is anticipated to increase from 76 zettabytes in 2021 to 185 zettabytes by 2025. As a result, the growing demand for low-cost data backup, storage, and protection across all enterprises, combined with the need to handle data generated by the increased use of mobile technologies, will fuel the growth of the cloud storage market.
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Large Enterprises Segment to Dominate the Market Thanks to Rising Need for Cloud Storage to Manage Heavy Business Operations
As per SkyQuest’s market analysis, 70% of businesses have a multi-cloud model, while 50% have a hybrid model for remote work monitoring, governance, and operations management, making the cloud the primary driver of firm growth in an unpredictable business environment. Data security and accessibility are critical factors for large enterprises to run their business successfully. As a result, large corporations frequently seek reliable and secure services such as cloud solutions. In addition, private cloud server solutions are becoming popular among small and medium-sized businesses because they provide round-the-clock support without needing a professional IT specialist. North America, followed by Europe, accounts for the larger share in the cloud storage market, owing to the presence of renowned IT organizations and banking institutions that primarily prefer cloud solutions to ensure the safety of their vital data.
The cloud storage market report includes information on recent developments, market share, trade laws, import-export analysis, value chain optimization, production analysis, the effects of domestic and regional market participants, and an analysis of potential in new revenue streams. The report also discusses the performance of the fastest-growing segments to help market participants make strategic decisions concerning product launches, regional expansions, and investment plans.
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Private Cloud Deployment Segment to Witness Traction due to Increased Adoption of Data and Protection Services
According to SkyQuest, the private cloud deployment segment is anticipated to account for 21% of the market share by 2028. Increased security and data protection services are expected to drive substantial growth for the private cloud segment in the coming years. A private cloud server can be the best option when complete environmental control is required, and businesses have dynamic computing needs. As the workforce grows, companies are increasingly relying on mobile workforces. Businesses are forced to build a private cloud server as the mobile workforce grows, as does the demand for quick access to computing resources and apps.
The research report is a product of extensive quantitative and qualitative research on market segments and sub-segments. As a result, the report provides comprehensive coverage of key dominant and potential segments and an overview of competitiveness in changing market scenarios. This information is critical for players to get a head start on planning and gain a competitive advantage in the market. In addition, the research report’s industry insights will help participants identify untapped markets and expand their businesses in such areas to attract more customers.
Key Developments in Cloud Storage Market
- Microsoft announced the acquisition of Fungible, a startup that provides data centers with disaggregated infrastructure solutions. The business intends to strengthen the Microsoft Azure cloud infrastructure using the Fungible team and technologies. The Fungible team will join Microsoft’s own data center infrastructure engineering teams as part of the agreement, the company claims. The company already uses DPUs in Azure, but this new acquisition ought to enhance network and storage efficiency in the infrastructure of data centers.
- Shadow is now a legitimate IT business with two different products. First, the business is introducing Shadow Drive, a cloud storage solution built on Nextcloud, and its cloud computing offering, which is excellent for games. The company also intends to introduce WebDAV support to add a cloud storage account as a network drive in Windows File Explorer or Mac Finder.
- The cloud storage business, Wasabi Technologies, declared that it had become a unicorn after receiving $250 million in new funding. Wasabi raised $125 million in Series D equity under the leadership of L2 Point Management, with support from Cedar Pine, an affiliate of Cerberus Capital Management, and returning investors Fidelity Management & Research Company and Forestay Capital. This investment increased the company’s valuation to over $1.1 billion. Additionally, Wasabi increased its financing facility with MGG Investment Group to $125 million.
- Paige announced a partnership with Microsoft to use artificial intelligence (AI) to analyze digital pathology pictures to design and deliver a new generation of clinical applications and computational biomarkers that revolutionize patient care and cancer diagnosis. For the Paige Platform, a comprehensive solution to support a lab’s digital pathology workflow that includes data management, cloud storage choices, and FullFocus®, an FDA-cleared whole-slide image viewer, Paige will leverage Microsoft Azure as its cloud provider.
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Some of the market’s most prominent players have further developed the technology through strategic partnerships, mergers and acquisitions, and research and development. Such factors will eventually drive the cloud storage market over the forecast period. The research report tracks all the latest happenings in the industry that will directly or indirectly impact the target market.
Prominent Players in the Cloud Storage Market
- Amazon Web Services, Inc.
- Dell Technologies Inc.
- Alibaba Cloud
- Hewlett Packard Enterprise Development LP
- Google, Inc.
- Microsoft Corporation
- IBM Corporation
- Rackspace Hosting, Inc.
- Oracle Corporation
- VMware, Inc.
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Artificial Intelligence
Cisco Doubles Down on Network Assurance with AWS

News Summary:
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.
With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey.
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
Availability
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Intelligence
Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research

The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.
Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players.
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Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
CAGR
19.9 %
No. of Pages in Report
450
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Drivers
Growing demand for AI-based solutions
The rising need for intelligent business processes
Opportunities
Advancements in big data analytics.
The availability of high-performance computing systems.
Restraints
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
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The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue. The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Artificial Intelligence
New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers

WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.
Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at idbs.com.
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