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The world is becoming more data-centric with growing penetration of digital technologies through fast speed internet connection, smartphones, connected devices and others. These technologies result in high amount of data generation. For instance, in April 2019 World Economic Forum (WEF) stated in its press release that the total data across the globe is anticipated to reach 44 zeta bytes by end of 2020. The high amounts of data is used by enterprises to analyse consumer behaviour, their consumption pattern and accordingly draft future growth strategies. But storing, managing and analysing this data is complicated with traditional business storage applications. This creates a demand for cloud storage data centers which are dedicated for storing and syncing this business data through an online server. As the data are stored in cloud, rather than a local drive, the data can be accessed by any device with an internet connection. This enables remote workforce of an enterprise to access, modify and share this data from any location. It replaces workarounds like emailing yourself documents. Cloud storage can also act as a backup system for your hard drive. In 2017, Accenture has migrated to cloud solutions of Microsoft under its strategy of digital worker, with 40% of its cloud footprint in Azure. Thus, the migration of enterprises on cloud to cater the changing dynamics of data generation and workforce culture is driving the global business cloud storage market.

Global business cloud storage market was valued at US$ 47.0 Billion in 2019 and is anticipated to grow at a CAGR of 23.2% over the forecast period to reach US$ 249.8 Billion in 2027. Increasing demand for backup of growing business datasets coupled with need for making this data available to employees working remotely is driving the demand for cloud storage solutions and services.

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This market research report on the Business Cloud Storage Market is an all-inclusive study of the business sectors up-to-date outlines, industry enhancement drivers, and manacles. It provides market projections for the coming years. It contains an analysis of late augmentations in innovation, Porters five force model analysis and progressive profiles of hand-picked industry competitors. The report additionally formulates a survey of minor and full-scale factors charging for the new applicants in the market and the ones as of now in the market along with a systematic value chain exploration.

Top Key Players:

Some of the players operating in the business cloud storage market are Alibaba Cloud, Amazon Web Services, Inc., Box, Carbonite, Inc., Citrix Systems, Inc., Code42 Software, Inc., Dell Inc., Dropbox, Egnyte, Inc., FUJITSU, Gigalis, Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, IDrive Inc., JUNGLE DISK, LLC, JustCloud.com, Livedrive Internet Ltd., MEGA, Microsoft, OpenDrive, Oracle, pCloud AG, Rackspace US, Inc., SpiderOak Inc., Tencent Cloud, VMware, Inc., Wasabi Technologies, Inc., and Zoolz amongst others.

Global Business Cloud Storage Market Research Report and accelerates a wide-ranging and focused look into this market. Market size is concluded through detailed study and examination through subordinate research. The report is an in-depth study of the key dynamics of the Global Market. The report includes primary research alongside comprehensive investigation of subjective as well as quantitative perspectives by different industry specialists, key supposition pioneers to gain profound understanding and industry execution.

Global Business Cloud Storage Market Report delivers a complete study on Global Market, providing detailed market information and penetrating insights. No matter the consumer is industry insider, potential entrant or investor, the report will provide valuable data and information about Global Market.

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The report answers important questions that companies may have when operating in the global Business Cloud Storage market. Some of the questions are given below:

What will be the size of the global Business Cloud Storage market in 2027? What is the current CAGR of the global Business Cloud Storage market? What products have the highest growth rates? Which application is projected to gain a lions share of the global Business Cloud Storage market? Which region is foretold to create the most number of opportunities in the global Business Cloud Storage market? Which are the top players currently operating in the global Business Cloud Storage market? How will the market situation change over the next few years? What are the common business tactics adopted by players? What is the growth outlook of the global Business Cloud Storage market?

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