Cloud Storage Market is set to reach $56.57 Billion by 2019- Here are top reasons to take advantage of this opportunity to grow your Business

Cloud Storage :

Cloud storage by definition is a structure of networked enterprise storage where data is stored in what seems to be virtualized pools of storage space which are generally hosted by third parties. Hosting companies operate and maintain large data centers for people and businesses who require their data to be hosted, buy or lease storage capacity from them. In cloud storage, data is stored on remote servers which can be accessed from the internet. It is maintained, operated and managed by a cloud storage service provider on a storage servers that are built on virtualization techniques.

Types Of Cloud Storage :

  
Public Cloud Storage:

The public cloud is defined as a multi-tenant environment, where you buy a “server slice” in a cloud computing environment that is shared with a number of other clients or tenants.

Private Cloud Storage:

Private Cloud on the other hand, by definition is a single-tenant environment where the hardware, storage and network are dedicated to a single client or company.

Hybrid Cloud Storage:

A combination of public cloud storage and private cloud storage where some critical data resides in the enterprise's private cloud while other data is stored and accessible from a public cloud storage provider.

  Public/Private Cloud Storage Market :  

As the the data is expanding due to the emergence of the digital trend, many organizations are facing the problem of data storage. Because of large amount of data can increase the maintenance cost  for the organization. To tackle such a situation the option of cloud storage comes into picture. Organizations can store their data on to the virtual environment which can be accessed from the internet when needed. As the data is expanding the market for cloud storage is also expected to grow in the coming years.

Global private Cloud market is expected to grow from $5.6 billion in 2012 to $46.8 billion by 2018, at an estimated CAGR of 40.2%. North America commanded the largest share; i.e. 60% of the overall Cloud Storage market in 2012 at $3.4 billion; and the report forecasts that it is expected to reach $21.8 billion by 2018, at a CAGR of 33.8% from 2013 to 2018.

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