Cloud Storage Market Information & Forecasts

Cloud Storage :

Cloud storage provides a way for storing the data on the remote servers which can then be access via internet.It is maintained, managed  and operated by a cloud storage service providers on a storage servers that are built on virtualization techniques.

As per Wikipedia Cloud storage is a model of networked enterprise storage where data is stored in virtualized pools of storage which are generally hosted by third parties. Hosting companies operate large data centers, and people who require their data to be hosted buy or lease storage capacity from them.

How Cloud Works ? 

 

Cloud storage is a means by which companies or an individual can store their files on an online server. Over time it may be possible that a computer does not contain enough memory space to store the data. At such time it might create challenge for an individual to store the data.So here is the concept of cloud storage comes into picture.

It seems that most of the people having computer spends a lot of time in acquiring the data and then finding a proper way to store this data. There are various options available to store the data which includes larger hard disks or some external storage devices like pen drives,thumb drives or compact disks. Some users prefers to delete an old files to store the new ones. But now a days there is one better option available to this problem i.e. Cloud Storage. 

Cloud storage provides a way to store the data on a remote database instead to store it on your computer. An internet provides the connection between the computer and the database. There are some great advantages of the cloud storage over the traditional storage systems.

Advantages Of Cloud Storage : 

• One can access the data from any location that has internet access
• One can allow other people to access the data i.e. file sharing is possible
• one can use it as a backup 

Cloud Storage Market Overview :

With the amount of data expanding (Big Data)because of the emergence of digital trend,organizations face the challenge of storing the data.Cloud storage plays the role a lifesaver in such a situation. The cloud storage market is expected to experience a high growth in the coming years due to the growth of Big data.

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 is expected to reach $21.8 billion by 2018, at a CAGR of 33.8% from 2013 to 2018.

For more information visit :

http://www.sbwire.com/press-releases/publicprivate-cloud-storage-market-expected-to-reach-468-billion-grow-at-a-cagr-of-402-by-2018-403556.htm