Multi Cloud Storage Market: Introduction

Multi cloud storage is adopted by most of the enterprises in order to use numerous cloud environment to satisfy the business requirement. An enterprise application might have multiple clouds such as private cloud, public cloud and hybrid cloud including managed service providers. Multi cloud storage can be used by web providers, enterprises, and other businesses in order to minimize the risk of data loss and also it helps to improve the quality of service. Multi cloud storage offers several functions for storing and retrieving data and they are widely used as a shared storage solution for distributed applications.

The multi cloud storage helps organizations to adopt changing IT environment to minimize cost and to reduce the need to hardware and appliances.

Multi Cloud Storage Market: Drivers and Challenges

The heavy adoption of emerging cloud based platform-as-a- service (Paas) by several enterprises is one of the major factor driving the multi cloud storage market. Multi cloud storage provides easy access to end users working on the different platform. The implementation of multiple cloud services is increasing as it helps to reduce dependency on a single vendor. The multi cloud application management storage platform helps the organization to improve its overall performance by means of different infrastructure services to fulfill the computing needs of its users.

Integration issues of multi cloud storage is one of the major restraint faced by the multi cloud storage market.

Multi Cloud Storage Market: Segmentation

Segmentation on the basis of deployment type:

  • Public
  • Private
  • Hybrid

Segmentation on the basis of Enterprise size:

  • Small and Medium Enterprises
  • Large Enterprises

Segmentation on the basis of verticals:

  • BFSI
  • Retail
  • Energy and Utility
  • Health care and Life science
  • Government
  • Others 

Multi Cloud Storage Market: Regional Overview

Presently, North America region is holding the largest market share of multi cloud storage market followed by European and APAC region. In this regions, Multi cloud storage market is growing gradually owing to the adoption of various several cloud storage platforms services by small and large scale enterprises.

Multi Cloud Storage Market: Key Players

Some of the key players of the multi cloud storage market are: IBM Corp., SAP SE, Microsoft Corp., Gosun technology, Google, VMware and EMC

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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Below is a snapshot of these quadrants.

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4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

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