Cloud Computing Storage to Grow

Grazed from Midsize Insider. Author: Marissa Tejada.

Cloud computing storage is on the rise, and that’s creating new vendor offerings in the market. A new survey found that the United States is the largest revenue generator in the worldwide cloud-based storage market. The growth of acceptance of the cloud to digitally store information has created better choices for midsize firms aiming to implement the cloud at an affordable price point.

Bright Forecast

Global research firm TechNavio recently released its official forecast of the cloud storage market. The results show that the market is expected to grow at a CAGR of 36 percent until 2016. Out of all the global regions, North America is considered the largest adopter of cloud computing storage technologies. The highest enterprise adopters include the manufacturing sector and the information and communication technologies (ICT) sector. Companies in the fields of retail, health care and entertainment will also be implementing cloud storage at an aggressive pace in the future…

The report called out the emergence of mobile technologies, including tablets and smartphones, as a growth factor. Additionally, TechNavio concluded that the overall cloud storage market has seen more vendors offering services, which is resulting in a decreased cost for services…

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