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Research Outline
Prepared for Barak R. | Delivered November 21, 2019
Storage Solutions
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Goals
Gain an understanding of market for storage solutions like Amazon S3, including historical data, future projections, and number of organizations adopting object storage solutions, in order to support a business presentation
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Early Findings
The overall cloud storage market grew
24.8%
between 2016 to 2022.
The market, which was estimated at
$21.1 billion
in 2015, is projected to hit $97.41 billion by 2022.
Growth in cloud storage solutions
has been driven by lower costs, faster data access, and increased overall cloud adoption across industries.
The software segment of storage solutions holds nearly
three-fifths
of the total market share, with hybrid storage solutions coming in second.
Key players include
IBM Corporation, Amazon Web Services, Inc., Oracle Corporation, Red Hat, Inc., Google, Inc.,
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Hosting, Inc.,
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, Inc., Hewlett Packard Enterprise Development LP, EMC Corporation, and Microsoft Corporation.
97%
of all organizations surveyed in the US use cloud services, with 83% of them storing sensitive.
Personal customer information is the most commonly stored form of data, with
61%
of organizations using cloud storage for this data.
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