Multi Cloud Storage Market is Expected to Progress at a CAGR of 16.7% from 2022 – 2032 | FMI

The market for multiple cloud storage is anticipated to grow to US$ 23.7 billion in 2022 and is anticipated to reach US$ 111.3 billion by 2032, with a CAGR of 16.7 percent from 2022 to 2032.

Multi cloud storage is adopted by most of the enterprises in order to use numerous cloud environment to satisfy the business requirement. An enterprise application might have multiple clouds such as private cloud, public cloud and hybrid cloud including managed service providers.

Multi cloud storage can be used by web providers, enterprises, and other businesses in order to minimize the risk of data loss and also it helps to improve the quality of service. Multi cloud storage offers several functions for storing and retrieving data and they are widely used as a shared storage solution for distributed applications.

The multi cloud storage helps organizations to adopt changing IT environment to minimize cost and to reduce the need to hardware and appliances.

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Multi Cloud Storage Market: Drivers and Challenges

The heavy adoption of emerging cloud based platform-as-a- service (Paas) by several enterprises is one of the major factor driving the multi cloud storage market. Multi cloud storage provides easy access to end users working on the different platform.

The implementation of multiple cloud services is increasing as it helps to reduce dependency on a single vendor. The multi cloud application management storage platform helps the organization to improve its overall performance by means of different infrastructure services to fulfill the computing needs of its users.

Integration issues of multi cloud storage is one of the major restraint faced by the multi cloud storage market.

Multi Cloud Storage Market: Regional Overview

Presently, North America region is holding the largest market share of multi cloud storage market followed by European and APAC region. In this regions, Multi cloud storage market is growing gradually owing to the adoption of various several cloud storage platforms services by small and large scale enterprises.

Multi Cloud Storage Market: Key Players

Some of the key players of the multi cloud storage market are: IBM Corp., SAP SE, Microsoft Corp., Gosun technology, Google, VMware and EMC

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The report covers exhaustive analysis on

  • Multi Cloud StorageMarket Segments
  • Multi Cloud StorageMarket Dynamics
  • Historical Actual Market Size, 2014 – 2016
  • Multi Cloud StorageMarket Size & Forecast 2017 to 2027
  • Value Chain
  • Multi Cloud StorageMarket Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Multi Cloud StorageMarket Drivers and Restraints

Key Segments

By Deployment Type:

  • Public
  • Private
  • Hybrid

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Verticals:

  • BFSI
  • Retail
  • Energy and Utility
  • Healthcare and Life Sciences

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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