Global Cloud Block Storage Market Overview:
Cloud Block Storage provides reliable, high-performance, on-demand storage for cloud-based applications. This helps users to run their application seamlessly, so users can always count on their application to perform consistently. Most of the applications are growing over time, and with time they require enhanced storage capacity. Cloud block storage major features include reliable input and output, persistent storage, low latency connectivity, and others. Cloud block storage brings benefits to the on-premises SANs to the cloud. Some of the players profiled in the study are Amazon Web Services (United States), Rackspace (United States), Microsoft (United States), Google (United States), Hewlett Packard Enterprise Development (United States), VMware (United States), IBM (United States), Dell Technologies (United States), Huawei Technologies (China) and Pure Storage, Inc. (United States).
On the basis of geography, the market of Cloud Block Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solutions will boost the Cloud Block Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Mode, the sub-segment i.e. Private will boost the Cloud Block Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Size Organization will boost the Cloud Block Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Cloud Block Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Subscription Based will boost the Cloud Block Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Data Volumes across Small, Medium and Large Size Organizations
- The Rise in Requirement of Remote Workforce with Global Access to Data and Files
- The Rise in Awareness towards Its Benefits Including Persistent Storage, Low Latency Connectivity, at Low Cost
Influencing Trend
- Increase in Investment in Research and Development
- The Rise in Adoption of Hybrid and Multi-Cloud Infrastructure
- Development in IT Infrastructure
Restraints
- The Slowdown in Economy Because of Pandemic Situation
- Increase in Tax and Other Cost Pricing
Opportunities
- Development in Cloud Infrastructure
- Increase in Number of Small and Medium Size Organization in Developed Regions
Challenges
- Increase in Concern Related to the Data Privacy and Security
Key Market Developments:
In Dec 2020, Pure Storage announced the partnership with Amazon Web Services to provide two new offerings for organizations to make it easier to consume and deploy storage. The solution is named Pure-as-a- service helps the enterprise in getting the value of cloud economics.
In this industry, various numbers of market players are exploring the market are expanding their footprint in new geographical regions by adopting organic and inorganic business growth strategies such as mergers & acquisitions, expansions, investments, new solution launches, and many others. With the development in market opportunities, there are various new players are entering the market with new technological development to avail competitive advantage through combined collaborations.
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cloud Block Storage Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cloud Block Storage market on the basis of product [
] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cloud Block Storage market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cloud Block Storage industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are NetApp, Inc. (United States), Oracle (United States) and Tencent Holdings, Ltd. (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cloud Block Storage market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.