Cloud Storage Market to Reach USD 390.33 Billion by 2028; Higher Adoption of 4K Resolution Cameras to Boost Growth, reports Fortune Business Insights

By Globe Newswire5 days ago

Pune, India, May 04, 2021 (GLOBE NEWSWIRE) -- The global cloud storage market is set to gain traction from the rising adoption of autonomous systems and machine learning. Besides, the introduction to unique video systems, internet of things (IoT), and remote sensing technologies are driving the market growth. This information is provided by Fortune Business Insights™ in a recent study, titled, Cloud Storage Market, 2021-2028. The study further mentions that the market size is projected to grow from USD 76.43 billion in 2021 to USD 390.33 billion in 2028 at a CAGR of 26.2% in the forecast period. It stood at USD 61.15 billion in 2020.

COVID-19 Pandemic to Boost Growth Stoked by Surging Usage of Storage Solutions

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Cloud storage solutions are gaining more popularity at present as workforces are inclining towards a distributed work environment. These solutions aid workforces in collaborating and staying connected. The outbreak of COVID-19 pandemic is enabling several organizations to support remote working, as well as manage the vast amount of data smoothly. Microsoft, for instance, has surged the benefits of Windows and extended Azure cloud credits for non-profit and critical care organizations, such as food & nutrition, public safety, and health support.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

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