Research and Markets: Global Cloud Based Storage Market 2010-2014 Report - Need for Flexibility Driving Adoption of Cloud Based Storage

Tue May 17, 2011 3:14pm EDT

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Research and Markets: Global Cloud Based Storage Market 2010-2014 Report - Need for Flexibility Driving Adoption of Cloud Based Storage

Research and Markets(http://www.researchandmarkets.com/research/889809/global_cloud_based) has announced the addition of the "Global Cloud Based Storage Market 2010-2014" report to their offering.

TechNavio analysts forecast that the Global Cloud Based Storage market will reach $1560 million in 2014. One of the key factors contributing to this growth is the growing need for better initial costs and total ownership. However, increasing concerns about security in cloud based storage could be a challenge to the growth of this market.

The Cloud Based Storage market has also been witnessing the emergence of cross-cloud applications. Key vendors dominating this market space include Amazon.com, EMC, NetApp, and BT Group.

TechNavio's report, Global Cloud Based Storage Market 2010-2014, has been prepared based on in-depth qualitative and quantitative analysis of the market with inputs from industry experts. The report focuses on the Americas, EMEA, and APAC, and covers the market outlook and key vendors .

Key questions answered in this report:

  • What will the market size be in 2014 and at what rate will it grow? What key trends will this market witness? What are the key factors driving market growth? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?

Research conducted by TechNavio reveals that the Global Cloud Based Storage market is expected to grow at a CAGR of 41.3 percent. The report, which focuses on Americas, EMEA, and APAC indicates, that the market is currently driven by the need for flexible storage capability and scalability.

In today's dynamic business environment, organizations cannot predict or forecast the volume of data they will handle and store. Traditional storage limits the volume of data storage and increases handling cost. In cloud based storage, the capacity can be increased based on customer requirements far more easily in comparison to traditional methods, report TechNavio analysts.

In spite of the demand for cloud based storage, constantly increasing government regulations hinder the growth of this market. However, increased IT spending will have a positive impact on the market growth.

The Global Cloud Based Storage market is marked by the increasing adoption of cross-cloud storage solutions. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.

The report, Global Cloud Based Storage Market 2010-2014, is based on extensive research and inputs from industry experts, vendors, and end users. It examines the factors impacting the evolution of this market, including the key trends, drivers, and challenges. Further, it contains an in-depth understanding of the key vendors including a SWOT analysis for each vendor.

Companies Mentioned:

  • Amazon.com Inc.
  • EMC CORPORATION
  • NetApp Inc.
  • BT Group PLC

For more information visit http://www.researchandmarkets.com/research/889809/global_cloud_based

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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