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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.

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.

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.

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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.

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

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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.

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:

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.


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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence

Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence

IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-gateway-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/iot-gateway.asp
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