The USA is expected to witness significant growth in the cloud-based storage market due to the high adoption of cloud-based solutions in the healthcare, retail, and advertising sectors.Ĭhina is witnessing robust growth in the cloud-based storage market due to increasing demand for cost-effective storage solutions, high-speed internet connectivity, and the growing adoption of cloud technology by enterprises. In Europe, the cloud-based storage market is primarily driven by the increasing proliferation of cloud computing technologies and government initiatives supporting the adoption of the cloud. Additionally, the growing demand for secure and scalable storage solutions is further boosting the growth of cloud-based storage market in this region. In Asia-Pacific, cloud-based storage market growth is fuelled by countries like India and China due to the rapid expansion of the IT industry and increasing internet penetration in the region. North America is expected to remain the leading region in the cloud-based storage market due to the presence of major market players, such as Microsoft Corporation, Amazon Web Services, and Google LLC, and the high adoption of cloud-based storage solutions among SMEs and large enterprises. This growth can be attributed to various factors such as the increasing adoption of cloud-based solutions, rising demand for cost-effective storage infrastructure, and the surging trend of Bring Your Own Device (BYOD) among enterprises. The global cloud-based storage market is experiencing significant growth across the regions of North America, Asia Pacific, Europe, the USA, and China. The MarketWatch News Department was not involved in the creation of this content.
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