The multi cloud storage market refers to the industry segment that offers storage solutions that enable organizations to store their data across multiple cloud service providers. This approach allows businesses to leverage the benefits of different cloud providers simultaneously, such as improved performance, scalability, redundancy and cost optimization.
The market for multi cloud storage is expected to reach US$ 23,711.4 Million in 2022 and US$ 111,326.6 Million by 2032, with a CAGR of 16.7% from 2022 to 2032. Most businesses employ multi cloud storage to meet their business needs by utilizing multiple cloud environments. An enterprise application may use numerous clouds, including private, public, and hybrid clouds, as well as managed service providers.
Web providers, companies, and other businesses can employ multi cloud storage to reduce the chance of data loss while simultaneously improving service quality. Multi cloud storage provides numerous capabilities for data storage and retrieval, and it is frequently used as a shared storage solution for remote applications. Multi cloud storage enables enterprises to adapt to changing IT environments in order to cut costs and the requirement for 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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