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Forecasts indicate that the global cloud block storage market will grow from an initial valuation of $74.69B in 2022 to a total value of $499.59B in 2030, a compound annual growth rate (CAGR) of 25.5%.
Cloud computing services rely on this sector of the economy, which offers businesses and consumers high-performance storage solutions that can grow with their needs. Customers have more flexibility to distribute and manage storage resources as needed with cloud block storage compared to traditional on-premises storage, all without the need for actual infrastructure. Data analytics, virtual machines, and database management are just a few of the many uses for cloud block storage, which is unique in its ability to store data in separate blocks.
High availability, data integrity protection, redundancy, and replication are all features of these block-level storage solutions. With the proliferation of cloud computing comes intense competition in the cloud block storage market from industry heavyweights like Google Cloud, Microsoft Azure, and Amazon Web Services (AWS). Consumers now enjoy lower prices and improved performance as a result of fierce competition, which has prompted broad adoption across many industries. To sum up, the cloud block storage industry has grown into an essential part of modern IT architecture, letting businesses grow and efficiently handle their data storage needs in the dynamic digital landscape.
The storage-area network (SAN) environment makes use of block storage, a data storage method in which data is kept in volumes, or blocks. When it comes to data persistence in the cloud, one interesting occurrence is cloud block storage. This is when cloud services mimic the actions of more conventional block devices, such hard drives. It provides backup services, replication for reliability, and more.
Block storage in the cloud is a subset of NAS. Each cloud server has the capacity to attach ten Cloud Block Storage volumes, and they can boot from any network-attached cloud storage block. Databases, which can run mission-critical programs like Oracle, Microsoft Share Point, and Microsoft Exchange, are best stored in the cloud using block storage since they demand consistent I/O performance and low-latency connectivity.
Enterprise mobility needs, the ease of cloud storage solution deployment, and the rising popularity of hybrid cloud storage are all factors that will likely drive the worldwide cloud block storage market to new heights in the coming years. In addition, the global cloud block storage market is anticipated to experience substantial growth opportunities due to factors such as the high rate of cloud based storage adoption among small and medium-sized organizations, the constant increase in raw data among enterprises, and the growing need for technologically advanced storage solutions. Nevertheless, the market is hindered by the absence of sufficient network capacity and the additional fees that come with the services.
The market has grown rapidly as a result of cloud computing's increasing popularity among businesses of all kinds. The need for storage solutions that can adapt and scale to accommodate the exponential growth of digital data is driving this expansion. Greater competition has never been seen among the major cloud service providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. Competition has resulted in competitive pricing methods, constant innovation, and a diverse selection of storage items to cater to clients' varied needs. Cloud block storage solutions that are compatible with many on-premises and cloud platforms are in high demand as more and more enterprises adopt hybrid and multi-cloud strategies.
Concerns around data security and compliance have led to an increase in the focus on features like encryption, access limits, and regulatory compliance in cloud block storage offerings. Cloud block storage can now execute high-performance workloads because to improvements in storage technology, such as the introduction of non-volatile memory express (NVMe) and solid state drives (SSDs), which greatly enhance its performance and responsiveness. Users can save their storage costs by making use of capabilities like data lifecycle management, data deduplication, and tiered storage. Businesses can now extract valuable insights from their data thanks to the combination of cloud block storage, data analytics, and AI capabilities.
Report Coverage
Global Cloud Block Storage research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cloud Block Storage report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cloud Block Storage competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cloud Block Storage market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cloud Block Storage market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cloud Block Storage market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GOOGLE INC., HUAWEI TECHNOLOGIES CO. LTD., HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP, AMAZON WEB SERVICES, MICROSOFT CORPORATION, VMWARE, INC., RACKSPACE, EMC CORPORATION, RED HAT, INC., IBM CORPORATION
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cloud Block Storage market based on the below-mentioned segments:
Global Cloud Block Storage Market, By Storage Type
Locally-Attached
Network-Attached
Global Cloud Block Storage market, By Deployment Mode
Public Cloud
Private Cloud
Hybrid Cloud
Global Cloud Block Storage Market, By Industry Vertical
Retail and Consumer Goods
Government and Public
IT & Telecommunication
Manufacturing
BFSI
Healthcare and Life Sciences
Media and Entertainment
Others
Global Cloud Block Storage market, Regional Analysis
Cloud computing services rely on this sector of the economy, which offers businesses and consumers high-performance storage solutions that can grow with their needs. Customers have more flexibility to distribute and manage storage resources as needed with cloud block storage compared to traditional on-premises storage, all without the need for actual infrastructure. Data analytics, virtual machines, and database management are just a few of the many uses for cloud block storage, which is unique in its ability to store data in separate blocks.
High availability, data integrity protection, redundancy, and replication are all features of these block-level storage solutions. With the proliferation of cloud computing comes intense competition in the cloud block storage market from industry heavyweights like Google Cloud, Microsoft Azure, and Amazon Web Services (AWS). Consumers now enjoy lower prices and improved performance as a result of fierce competition, which has prompted broad adoption across many industries. To sum up, the cloud block storage industry has grown into an essential part of modern IT architecture, letting businesses grow and efficiently handle their data storage needs in the dynamic digital landscape.
The storage-area network (SAN) environment makes use of block storage, a data storage method in which data is kept in volumes, or blocks. When it comes to data persistence in the cloud, one interesting occurrence is cloud block storage. This is when cloud services mimic the actions of more conventional block devices, such hard drives. It provides backup services, replication for reliability, and more.
Block storage in the cloud is a subset of NAS. Each cloud server has the capacity to attach ten Cloud Block Storage volumes, and they can boot from any network-attached cloud storage block. Databases, which can run mission-critical programs like Oracle, Microsoft Share Point, and Microsoft Exchange, are best stored in the cloud using block storage since they demand consistent I/O performance and low-latency connectivity.
Enterprise mobility needs, the ease of cloud storage solution deployment, and the rising popularity of hybrid cloud storage are all factors that will likely drive the worldwide cloud block storage market to new heights in the coming years. In addition, the global cloud block storage market is anticipated to experience substantial growth opportunities due to factors such as the high rate of cloud based storage adoption among small and medium-sized organizations, the constant increase in raw data among enterprises, and the growing need for technologically advanced storage solutions. Nevertheless, the market is hindered by the absence of sufficient network capacity and the additional fees that come with the services.
The market has grown rapidly as a result of cloud computing's increasing popularity among businesses of all kinds. The need for storage solutions that can adapt and scale to accommodate the exponential growth of digital data is driving this expansion. Greater competition has never been seen among the major cloud service providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. Competition has resulted in competitive pricing methods, constant innovation, and a diverse selection of storage items to cater to clients' varied needs. Cloud block storage solutions that are compatible with many on-premises and cloud platforms are in high demand as more and more enterprises adopt hybrid and multi-cloud strategies.
Concerns around data security and compliance have led to an increase in the focus on features like encryption, access limits, and regulatory compliance in cloud block storage offerings. Cloud block storage can now execute high-performance workloads because to improvements in storage technology, such as the introduction of non-volatile memory express (NVMe) and solid state drives (SSDs), which greatly enhance its performance and responsiveness. Users can save their storage costs by making use of capabilities like data lifecycle management, data deduplication, and tiered storage. Businesses can now extract valuable insights from their data thanks to the combination of cloud block storage, data analytics, and AI capabilities.
Report Coverage
Global Cloud Block Storage research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cloud Block Storage report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cloud Block Storage competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cloud Block Storage market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | GOOGLE INC., HUAWEI TECHNOLOGIES CO. LTD., HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP, AMAZON WEB SERVICES, MICROSOFT CORPORATION, VMWARE, INC., RACKSPACE, EMC CORPORATION, RED HAT, INC., IBM CORPORATION |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cloud Block Storage Market from 2021 to 2030.
- Market Forecast for Cloud Block Storage Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cloud Block Storage competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cloud Block Storage
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cloud Block Storage market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cloud Block Storage market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GOOGLE INC., HUAWEI TECHNOLOGIES CO. LTD., HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP, AMAZON WEB SERVICES, MICROSOFT CORPORATION, VMWARE, INC., RACKSPACE, EMC CORPORATION, RED HAT, INC., IBM CORPORATION
Primary Target Market
- Market Players of Cloud Block Storage
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cloud Block Storage market based on the below-mentioned segments:
Global Cloud Block Storage Market, By Storage Type
Locally-Attached
Network-Attached
Global Cloud Block Storage market, By Deployment Mode
Public Cloud
Private Cloud
Hybrid Cloud
Global Cloud Block Storage Market, By Industry Vertical
Retail and Consumer Goods
Government and Public
IT & Telecommunication
Manufacturing
BFSI
Healthcare and Life Sciences
Media and Entertainment
Others
Global Cloud Block Storage market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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