DUBLIN--(BUSINESS WIRE)--The "Cloud Storage Market for Media and Entertainment Industry - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The cloud storage market for media and communication industry was valued at US$0.687 billion in 2017 and is projected to expand at a CAGR of 24.11% over the forecast period to reach US$2.511 billion by 2023.
Rapidly changing consumer preference regarding content consumption coupled with increased consumer exposure to global digital content is changing the way of delivering media content to consumers.
Increasing need for video on demand are compelling companies such as Netflix and Amazon to providing cloud-based digital content to capture the fragmented customer base across the globe by reducing time to market new content plans.
Rising cost of content license is also pressurizing broadcasters to reduce upfront technology investments, which is significantly increasing the usage of pay-as-you-go subscription models.
Thus, the cloud storage market for this industry is expected to show an impressive growth over the forecast period owing to the rising adoption of cloud services among SMB's so as to meet the increasing unpredictable demands of the consumers.
By solution, the cloud storage market for media and entertainment industry is segmented as primary and backup storage. The market for backup storage is expected to witness an impressive growth as enterprises continue to drift towards cloud for backing up their critical data and IT environment to ensure business continuity.
By deployment model, the cloud storage market for media and entertainment industry is segmented as public, private and hybrid cloud. Public cloud model holds a significant share in the market. The media companies use the public cloud model for non-critical applications such as global content distribution and collection of content from providers
By services, the cloud storage market in healthcare industry is segmented as integration, consulting and others. All these services are provided to the customers by the cloud storage solution provider so as to help businesses to boost their productivity in an efficient manner.
By enterprise size, the cloud storage market for media and entertainment industry is segmented as large and small and medium-sized business (SMB). Large enterprises such as Netflix holds a significant share in the market on account of burgeoning preference for on-demand videos which in turn is compelling these enterprises to adopt advanced cloud storage solutions so as to provide consumers with seamless video experience.
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Cloud Storage Market for Media and Entertainment Industry Forecast by Solution
6. Cloud Storage Market for Media and Entertainment Industry Forecast by Deployment Model
7. Cloud Storage Market for Media and Entertainment Industry Forecast by Services
8. Cloud Storage Market for Media and Entertainment Industry Forecast by Enterprise Size
9. Cloud Storage Market for Media and Entertainment Industry Forecast by Geography
10. Competitive Intelligence
11. Company Profiles
- Amazon Web Services, Inc.
- Microsoft
- IBM
- Hewlett Packard Enterprise Development LP
- Rackspace US Inc.
- Dell Inc.
- Box Inc.
For more information about this report visit https://www.researchandmarkets.com/research/lj7nf2/worldwide_cloud?w=4
