Global Multi Cloud Storage Market: Overview
It is estimated for the global multi cloud storage market to witness growth at a massive CAGR of 22.1% during the forecast period of 2022 to 2030. The market witnessed healthy growth even during the previous forecast period of 2018 to 2021. Rising demand for multi cloud storage in BFSI and various others sectors coupled with the increasing demand for a more agile and secure cloud solution are the factors that are driving the growth of the market during the forecast period. Multicloud storage is the use of multiple cloud storage services, which may either be hosted in the public cloud, in a private cloud, or as standalone on-premise resources with cloud-like capabilities.
Global Multi Cloud Storage Market- Growth Factors
Hybrid Cloud storage is a system for storing data that includes both data storage on premises and in the Cloud. By enabling data to be stored in a variety of locations, a hybrid Cloud storage system can help to reduce costs, simplify management and address issues of data sovereignty, security and latency. Multicloud storage is typically managed with multicloud controllers. These controllers combine all your resources under a common namespace and API. The increasing demand for the cloud services from various sectors of businesses is estimated to drive the growth of the market during the forecast period. Also, the growth in the demand for cloud services owing to its various security features is also a factor that is driving the growth of the market during the forecast period.
Global Multi Cloud Storage Market - Market Trends
Rising demand for multi cloud storage in BFSI and various others sectors coupled with the increasing demand for a more agile and secure cloud solution are the factors that are driving the growth of the market during the forecast period.
The increasing demand for the cloud services from various sectors of businesses is estimated to drive the growth of the market during the forecast period.
However, the increasing security threat in the form of hacking the cloud system by the various hackers across the globe is estimated to hamper the growth of the market during the forecast period.
Global Multi Cloud Storage Market Segmentation
The Global Multi Cloud Storage Market has been sub-classified into deployment type, enterprise size and end-use.
By Deployment Type
Public
Private
Hybrid
By Enterprise Size
SMEs
Large Enterprises
By End Use
BFSI
Retail
Energy & Utility
Healthcare & Life Sciences
Global Multi Cloud Storage Market Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Multi Cloud Storage Market Key Market players
IBM Corp., Google Inc., Microsoft Corporation, Dell Technologies Inc., CloudBolt Software Inc., SAP SE, AWS, Gosun Technology, Nasuni, Qumule, HPE, EMC, Flexera Software LLC, International Business Machines Corporation, Jamcracker Inc., Concierto.cloud, UnityOneCloud, VMware Inc. and so on are the major players that are driving the growth of the market during the forecast period.
