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.










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