The US is one of the major revenue contributors in the Global Cloud Storage Market. Most enterprises in the US have already adopted cloud-based services, especially as data management has become essential for business operations.
“Cloud storage helps enterprises in the US minimize their total IT infrastructure spending, since cloud subscription by third-party service providers includes infrastructure costs, which are cheaper than operating a data center,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the growing need for efficient disaster recovery and backup services as a major market growth driver. Cloud-based storage vendors make use of CSGs, which help monitor data traffic and ensure the safety of the data being accessed. In case of any application failure or any interruption, the CSG initiates a disaster recovery procedure to safeguard the data and protect the applications from disruption.
“The ability of CSGs to safeguard the data in cloud-based storage is driving the growth of the market in the US,” says Ghaus.
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TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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