Cloud Data Storage Market
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Markets and Markets predict the growth of the cloud storage market to $74, 94 billion by 2021.
Markets and Markets studies show that cloud data storage systems will grow from $23,76 billion in 2016 to $74, 94 billion by 2021, an average growth of 25.8 per cent per year.
The growing demand for hybrid cloud solutions, the need for business mobility, the need for easy introduction of cloud technologies fuel the growth of cloud markets.
Markets and Markets estimated that North America had the largest share of the cloud market in 2016, while the Asia-Pacific region (APAC) will show the largest annual growth in cloud storage markets between 2016 and 2021.