Page 12 - ANNIVERSARY EDITION JULY 2021
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STORAGE
The market for global cloud storage is expected to expand from $ 50.1B in
2020 to $137.3B in 2025, growing at a CAGR of 22.3%. On the other hand, the
Data Storage market will likely touch $4.2B by 2026, growing at a CAGR of
32.3% from 2021-2026, given the fast-expanding machine and consumer
data developments. This market will witness a surge owing to the
increasing requirements for Laptops, Smartphones, PCs as well as online
storage software among large and small enterprises. Trends like Hybrid
Cloud, Analytics, AIML, IoT and edge storage and developments like end-
to-end NVMe, Software-defined Storage, focus on data will be the biggest
drivers of customer demand and the growth of this industry.
July 2021