© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Cloud Storage Market Share, Applications, Segmentations & Forecast by 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America holds the highest share in the cloud storage market owing to technological investments and huge investments in R&D for cloud-based solutions, early adoption of new technologies, and advanced IT infrastructure. Moreover, cheap and easy storage options result in the rapid industrial development. Asia Pacific is the fastest growing region due to the high adoption rate of hybrid cloud storage, increasing usage of cloud- based application, and increasing need for enterprise storage of data.  Cloud storage market on the basis of industry vertical is segmented into BFSI, consumer goods, retail, healthcare, education, government, manufacturing, telecommunication, and entertainment. Banking institutions are using cloud technology to respond to the changing industry demand, providing faster server development, transparent usage billing method, and on-demand disaster recovery services. Regional Analysis of Cloud Storage Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Cloud Storage Market:  The increasing demand for big data storage also boosts the cloud storage market growth. Companies need to store huge data and cloud-based services provide a reliable platform for the storage of data. The penetration of mobile and wireless networks further drives the need for enterprise mobility. Employees are adopting flexible work environment by working from home and working while traveling, accelerating the cloud storage market as it connects the out-of- office workers to the enterprise environment.  The cloud storage market has gained a huge popularity owing to various profits, such as information security, during natural disasters such as floods and earthquakes. They have a sound backup facility, which provides immediate access to a wide range of applications, driving the cloud storage market.  Due to the growing population, the need for data storage also increases, which in turn requires technologically advanced storage solutions. This is a major opportunity for the cloud storage market. Technological advancements in data transfer and data security offer huge growth opportunities to the cloud storage market.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The main players operating in the cloud storage market include Microsoft Corporation, HP Enterprise Company, Amazon Web Services, IBM Corporation, EMC Corporation, Google, Oracle Corporation, Rackspace Hosting, SkyDrive, Dropbox, and AT&T. Key industry players come up with various strategies and are investing heavily in the R&D to improve their performance.  Major strategies adopted by the companies involve mergers, acquisitions, and partnerships to maintain their market share. For instance, in September 2016, Google teamed up with cloud company box to sell more Google applications for the work. Competitive Market Share of Cloud Storage Market:

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