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Cloud Storage Market to grow at a growth rate of 17.4 percent from 2022 to 2029, Market size, Share, and Market growth

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New York, US, March 10, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Information Technology & Telecommunication business consulting and research firm, has published a global intelligence report on the “Cloud Storage Market”. The report has analyzed the Cloud Storage Market from a regional as well as global perspective. The total market opportunity for Cloud Storage Market was USD 66.95 Bn in 2021 and is expected to grow at a CAGR of 17.4 percent through the forecast period to reach USD 241.6 Bn by 2029.

Market Size in 2021 USD 66.95 Bn
Market Size in 2029 USD 241.6 Bn
CAGR 17.4 percent (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 278
No. of Tables 127
No. of Charts and Figures 120
Segment Covered Component, Application, Deployment Type, and Vertical
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/3484

Cloud Storage Market Scope and Research Methodology

The report provides qualitative and quantitative analysis of the Cloud Storage Market. Key insights of the report include the major applications and drivers of the market, challenges to growth and opportunities for Cloud Storage Market growth. The market has been divided into four major segments: Component, Application, Deployment Type, and Vertical which were further divided into various sub-segments.

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The report includes the competitive landscape of Cloud Storage Market, which provides detailed information on the position of major players in the industry with their partnerships, business growth and acquisitions. Cloud Storage Market restraints, drivers, challenges, and opportunities prevailing the market growth is provided in the report. Bottom-up approach was used to estimate the Cloud Storage Market size. Data included in the Cloud Storage Market report was collected through primary and secondary research methods. SWOT analysis was conducted to find out Strengths and Weaknesses of the Cloud Storage Market. The new entrants in Cloud Storage Market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Cloud Storage Market for formulating investment approaches and marketing tactics.

Cloud Storage Market Overview

Cloud storage is a cloud computing model enabled for storing data and files on the internet through cloud computing. Cloud Storage removes the need to buy and manage data storage infrastructure, giving agility, scalability, and durability. Cloud storage delivers cost effective, and scalable storage. Cloud storage providers manage capacity, security, and durability to make data accessible to users applications over the internet.

Cloud Storage Market Dynamics

Increased need for agile storage solutions to manage the rising data volumes and low-cost benefits of cloud storage solutions is expected to drive the Cloud Storage Market growth. Exponential growth in data volumes, growing use of artificial intelligence (AI) to increase storage demand for data security purposes are expected to influence the Cloud Storage market growth. Implementing machine learning, automation and cloud across vehicles for enhanced experience is expected to boost the Cloud Storage market growth. Increasing demand for low cost data backup and protection across all enterprises, with the necessity of handling the data by usage of mobile technologies is expected to fuel the Cloud Storage market growth.

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Laws and regulations associated with privacy and data security on using the cloud are expected to restrain the Cloud Storage market growth. High cost associated with public cloud environments is expected to hamper the Cloud Storage market growth. Use of AI technology in order to achieve data integrity present lucrative opportunities for the Cloud Storage market growth.

Get the Sample PDF of the Report: https://www.maximizemarketresearch.com/request-sample/3484

Cloud Storage Market Regional Insight

North America Region dominated the Cloud Storage market in 2021. High dominance of digitalization and cloud platforms is major factor expected to drive the regional Cloud Storage market growth. Organizations shifting towards clouds services, innovations in the cloud storage solutions offered by vendors and SMEs and increasing adoption of digital business strategies are expected to drive the regional Cloud Storage Market growth. Investments in the R&D initiatives for cloud based solutions in the North American region is expected to fuel the regional Cloud Storage market growth in the region.

The Asia Pacific region is expected to grow at fastest growth rate during the forecast period due to shift towards open architecture and cloud computing services among the developing countries.

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Cloud Storage Market Segmentation

By Component:

  • Solutions
  • Services

By Application:

  • Primary Storage
  • Backup and Disaster Recovery
  • Archiving

By Deployment Type:

  • Public
  • Private
  • Hybrid

By Vertical:

  • BFSI
  • IT and ITeS
  • Telecommunications
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Consumer Goods and Retail
  • Manufacturing
  • Government and Public Sector
  • Energy and Utilities
  • Others

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/3484

Key Players Operating in the Cloud Storage Market Include:

  • Amazon Web Services, Inc (US)
  • Google (US)
  • Microsoft (US)
  • IBM (US)
  • Wasabi (US)
  • Oracle (US)
  • Rackspace Technology (US)
  • Hewlett Packard Enterprise (US)
  • Dell Technologies (US)
  • Dropbox (US)
  • VMware (US)
  • NetApp (US)
  • Hitachi Vantara (US)
  • Scality (US)
  • Citrix (US)
  • DigitalOcean (US)
  • Zadara (US)
  • Cisco Systems, Inc. (US)
  • Data direct Networks (US)
  • MongoDB, Inc. (US)
  • Alibaba Cloud (China)
  • Tencent Cloud (china)
  • Huawei (China)
  • Fujitsu (Japan)
  • UpCloud Ltd (Finland)
  • pCloud (Switzerland)
  • Degoo (Sweden)
  • Rohde & Schwarz (Germany)
  • Mecalux, S.A. (Spain)

Key questions answered in the Cloud Storage Market are:

  • What is Cloud Storage?
  • What was the Cloud Storage market size in 2021?
  • What is the growth rate of the Cloud Storage Market?
  • What is the forecast period of the Cloud Storage market?
  • What will be the Cloud Storage market size by 2029?
  • Which are the factors expected to drive the Cloud Storage market growth?
  • What are the restraining factors for the Cloud Storage market growth?
  • Which segment dominated the Cloud Storage market growth?
  • What is the demand pattern for the Cloud Storage market?
  • Which region held the largest share in the Cloud Storage market?
  • Who are the key players in the Cloud Storage market?

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/3484

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Component, Application, Deployment Type, and Vertical
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Public Cloud in BFSI Market: The total market size was valued at USD 51 Bn in 2021 and is expected to grow at a growth rate of 15 percent from 2022 to 2029, reaching USD 156 Bn. Ability to access and leverage a diverse set of digital products, services, and integrations through cloud-based technologies is expected to drive the market growth.

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Cloud Applications Market: The total market size was valued at USD 327 Bn in 2021 and the total revenue is expected to grow at 19 percent through 2022 to 2029, reaching USD 1314 Bn. Increasing demand for data mobility, cost savings in IT infrastructure for businesses, and access to various devices from anywhere is expected to drive the market growth.

Cloud Kitchen Market: The total market size was valued at USD 52 Bn in 2021 and is expected to grow at 13 percent from 2022 to 2029, reaching USD 138.24 Bn. Demand for online meal delivery has increased due to an increase in young people around the world and changing consumer tastes is expected to drive the market growth.

Cloud integrated development platform (IDE) Market: The total market size is expected to be 2.5 percent CAGR during the forecast period and the market size is expected to reach USD 1.72 Bn by 2029. Due to the rising cloud migration of organizations and strong demand throughout is expected to fuel the market growth.

Cloud API Market: The total size is expected to grow at 18.8 percent CAGR throughout the forecast period, reaching USD 2341.7 Mn by 2029. Increased adoption of cloud technology, smartphones and cloud platforms are expected to fuel the market growth.

About Maximize Market Research:

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees

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DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.

The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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Artificial Intelligence

Find Your Perfect Domain with GoDaddy’s Innovative AI Technology

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Leverage Artificial Intelligence (AI) to easily find the perfect domain name for your business
ISLAMABAD, June 17, 2024 /PRNewswire/ — As you embark on your online journey, choosing the right domain name plays a vital role in establishing your web presence. It is often one of the earliest decisions you will make as an entrepreneur or small business owner.

GoDaddy is harnessing the power of AI to help entrepreneurs and small business owners find the right domain name for their business, themselves, or their organization. GoDaddy AI Domain Search tool is designed to deliver personalized domain suggestions tailored to each user’s unique needs. Having a catchy and memorable domain name for your business helps to enhance branding and provides increased visibility for a business on the internet.
By simply entering a business description or keywords, users receive creative and unique domain name choices that can align with their brand identity and vision. GoDaddy uses generative AI to provide users with personalized and brandable domain name suggestions based on their business description, idea, product, or service.
GoDaddy AI Domain Search can simplify the process of finding the perfect domain name for a business. When a user enters information describing their business, project, or idea, including such details as business name if already chosen, location or industry, within seconds the AI tool makes suggestions by creating a list of available domain names with different variations and domain name extensions tailored to your needs.
Finding a domain name for a business idea is important as the name chosen will be reflective of your brand for many years to come. Here are some tips for finding available domain names:
Use specific keywords that describe your business, your products and services, your location, and your industry.Use keywords that people would enter when searching for your products or services.Try using variations of a word you want in your domain name to get more options.Mix up keyword combinations that can describe your business.Your aim is to create a name that is memorable, easy to pronounce, and stands out in your industry.In a world driven by AI, GoDaddy AI Domain Search tool simplifies the process of finding the perfect domain name, enabling you to effortlessly brainstorm and explore creative ideas that align with your vision. Within seconds, you can receive a selection of available domains, empowering you to bring your idea to life.
To experience the power of GoDaddy AI Domain Search visit: www.godaddy.com/en-ph/domains/domain-name-generator
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
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Artificial Intelligence

Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market

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SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.

Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ  Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/ 
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
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