Cloud Storage Market Latest Innovations, Demand and Business Outlook by 2029

 The global “Cloud Storage Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Cloud Storage Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

According to the market research report by Fortune Business Insights, the cloud storage market size was valued at USD 70.19 billion in 2021 and is projected to grow from USD 83.41 billion in 2022 to USD 376.37 billion by 2029, exhibiting a CAGR of 24.0% during the forecast period.

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https://www.fortunebusinessinsights.com/cloud-storage-market-102773

List of the Key Companies Profiled:

  • Alibaba Group Holding Limited (China)
  • com, Inc. (U.S.)
  • Dell Technologies Inc. (U.S.)
  • Dropbox (U.S.)
  • Google, Inc. (U.S.)
  • Hewlett Packard Enterprise Development LP (U.S.)
  • IBM Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • VMware, Inc. (U.S.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Cloud Storage Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Cloud Storage Market within the estimated period. Cloud Storage Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Cloud Storage Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

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