The Global Cloud Object Storage Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market.
Rapid rise in adoption technologies such as deep learning, Internet of Things, data analytics, cloud computing are driving demand for cloud object storage solutions across various verticals worldwide. Social media platforms are expected to register a high growth rate over the forecast period. The media industry faces challenges related to storing, managing, accessing, and facilitating collaboration for vast volumes of data. Interactive television, multiscreen formats, virtual reality, 4K, and 8K video requires large storage capacity, which traditional storage fails to provide.
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Report Objective:
The report offers a complete analysis of the global Cloud Object Storage market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Oracle Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise, International Business Machines Corporation, Microsoft Corporation, Hitachi Data System, Google LLC, Amazon Web Services, Inc., Datadirect Networks, and Dell EMC. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Some key findings from the report suggest
- In December 2020, Dell launched its first all-flash object storage appliance EXF900 array for AI and cloud native use. The EXF900 uses NVMe SSDs and a PowerEdge Server to deliver highest performance. The API- driven cloud-native architectures- when combined with high performance all- flash media can support the most data hungry workloads.
- In July 2020, Hitachi Vantara collaborated with WekaIO to increase object storage performance and flexibility. The objective of this OEM relationship is to build a joint relationship to deliver unstructured data to clients and help them to manage the unstructured data and make it easier for them to leverage that data for decision making and business analytics.
- North America held largest revenue share in 2020 and is expected to maintain its leading position during the forecast period. Steady growth can be attributed to presence of major market players in the region, huge investments in R&D by the technocrats, and enhanced infrastructure. Increasing data volumes from various vertical, and technologies such as cloud computi
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Emergen Research has segmented the cloud object storage market based on deployment, enterprise-size, end-use, and region:
Deployment Outlook (Revenue, USD Billion; 2018-2028)
- Public Cloud
- Private Cloud
- Hybrid Cloud
Enterprise Size Outlook (Revenue ,USD Billion; 2018-2028)
- SMEs
- Large Enterprises
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Social Media Platforms
- IT & Telecommunication
- BFSI
- Others
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Cloud Object Storage market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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