Latest News- Stand Alone Cloud Storage Market: Large enterprises is expected to lead the End-user segment during 2025-2029

The Stand Alone Cloud Storage Market is being driven by Reduced capital and operating expenditure (OPEX)

The Stand Alone Cloud Storage Market is expected to grow at a CAGR of 34.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 151448.1 million. Hybrid stand-alone cloud storage solutions offer businesses the flexibility to choose optimal deployment models for specific workloads or workgroups. By 2024, hybrid cloud solutions have advanced to seamlessly merge public and private cloud environments, enabling organizations to optimize IT infrastructure, maintain security, and ensure regulatory compliance. Leveraging hybrid cloud solutions, businesses can enhance data management, streamline operations, and improve scalability. A significant trend in this space is the integration of Generative AI (GenAI) within hybrid cloud environments, enabling enterprises to deploy AI models across both private and public clouds while preserving data privacy and adhering to regulatory requirements. Moreover, sustainability is a growing concern, with organizations optimizing resource allocation between on-premises infrastructure and cloud services to minimize environmental impact. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Large enterprises
  • SMEs
• Type
  • Public
  • Private
  • Hybrid
• Component
  • Storage
  • Services
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Reduced capital and operating expenditure (OPEX)
• Growing demand for virtually unlimited storage and big data
• Significant growth in IoT and big data

However, the market also witnesses some limitations, which are as follows:

• Stringent government regulations
• Concerns related to cyberattacks
• Migration and latency issues

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Market Scope in Stand Alone Cloud Storage Market Research Report

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Research Analysis Overview

The Stand Alone Cloud Storage market encompasses offerings from major players like Azure Blob Storage and Google Cloud Storage, as well as OpenStack Swift. These solutions provide API access with data encryption algorithms, authentication and authorization, ensuring data integrity, consistency, and availability. Data recovery time, loss prevention, and compliance with regulations such as PCI DSS are also crucial. Data governance frameworks, retention policies, classification, tagging, and labeling enhance data quality through cleansing, enrichment, integration, transformation, modeling, mining, visualization tools, and analytics platforms. Predictive analytics, machine learning models, deep learning, natural language processing, and computer vision are advanced capabilities offered by these solutions.

Market Research Overview

The Stand Alone Cloud Storage Market is a significant segment of Technavio's global Technology Hardware, Storage and Peripherals Market analysis. This market encompasses providers of cloud-based data backup, recovery, security, encryption, and governance solutions. Technavio positions this market within the broader Information Technology sector, which includes manufacturers of IT hardware, storage, and peripherals. The Technology Hardware, Storage and Peripherals Market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for this market include the increasing volume, velocity, veracity, and variety (4Vs) of data, leading to a heightened demand for robust data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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