Increasing
internet and smartphone penetration, rapidly growing IoT ecosystem and
expanding e-commerce industry to drive India cloud storage market through 2023
According
to TechSci Research report, “India Cloud Storage Market By Type,
By Deployment Mode, By Organization Size, By End User, Competition
Forecast & Opportunities, 2013 – 2023”, cloud storage
market in India is projected to grow at a CAGR of around 42% during 2018 -
2023. The key factors expected to drive the market include increasing
investments in 4G and 5G networks, coupled with booming FinTech sector,
which is likely to boost the demand for cloud storage on account of increasing
level of data usage. Additionally, it is anticipated that the prices of cloud
storage would decline, thereby further positively influencing the market during
forecast period.
Browse 39 Figures spread through 79
Pages and an in-depth TOC on "India Cloud Storage Market"
Rapidly growing IoT ecosystem coupled with
increasing internet and smartphone penetration is generating vast amount of
data. For the data storage and management at consumer and enterprise level,
cloud storage is gaining traction, thereby fueling India cloud storage market.
Access speed has increased tremendously in the country, with rising investments
being witnessed in fiberization and IP Networks. Growth in bandwidth is boosting
the data access and streaming capabilities, and during the forecast period,
bandwidth is expected to grow rapidly, thereby aiding growth in the country’s
cloud storage market. North India accounts for the largest market share, owing
to the huge presence of banking and financial institutions in the region.
However, South India is anticipated to emerge as the fastest growing region in
the coming years, backed by high and rising concentration of SMEs.
Customers can
also request for 10% free customization on this report.
“Significant growth in the adoption of connected devices,
such as smartphones and smart speakers is encouraging Information Technology
(IT) companies to acquire cloud storage for the efficient storage of increasing
volume of data being generated by connected devices. Moreover, popularity of
Over the Top (OTT) content streaming services is growing at a rapid pace. With
increasing number of customers opting for premium services, OTT service
providers are expected to invest in cloud storage to increase volume of content
available on their platforms and reduce their operating cost associated with
data infrastructure.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Cloud Storage Market By Type, By Deployment
Mode, By Organization Size, By End User, Competition Forecast &
Opportunities, 2013 – 2023” has evaluated the future growth potential of
India cloud storage market and has also provided the statistics and information
on market structure, size, share and future growth of India cloud storage
market. The report intends to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities available in the market.
About TechSci Research
TechSci Research is a leading global market
research firm publishing premium market research reports. Serving 700 global
clients with more than 600 premium market research studies, TechSci Research is
serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York –
10017
Tel:
+1-646-360-1656
Email: sales@techsciresearch.com
No comments:
Post a Comment