Europe Cloud Native Storage Market Size, Share & Industry Trends Analysis Report By Component (Solution (Block Storage, File Storage, and Object Storage) and Services), By Deployment Type, By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Cloud Native Storage Market would witness market growth of 22.0% CAGR during the forecast period (2022-2028).
Cluster scalability refers to the capacity to expand a group of storage-related components by adding new ones as required. Storage that is native to the cloud should support scalable, predictable performance. The performance of storage systems is frequently evaluated from one or more perspectives. When a read or write operation will be finished, the highest possible rate of storage operations per second, data retrieval, and storage throughput are measured in MB/s or GB/s.
The system is "highly consistent" if there is no lag between data alteration and the new data's availability for client read operations. The system is "eventually consistent" if there is a lag between reading operations and the updated data being returned. As the maximum amount of data loss in the event of component failure, the read delay in an eventually consistent system can be thought of as a recovery point objective (RPO).
One of the sectors with tremendous growth potential for businesses operating therein is the telecom industry in the United Kingdom. To increase their revenue from the telecoms sector, top telecom operators are concentrating on making infrastructure improvements and providing value-added services. Recently, players have been working hard to create cloud computing architecture that can be incorporated with the impending 5G infrastructure. In order to keep the company's employees connected as well as to enhance productivity, cloud-based telephony solutions are essential.
The Germany market dominated the Europe Cloud Native Storage Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,784.2 million by 2028. The UK market is anticipated to grow at a CAGR of 21% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 22.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Block Storage, File Storage, and Object Storage) and Services. Based on Deployment Type, the market is segmented into Public Cloud and Private Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Healthcare, Retail & Consumer Goods, Manufacturing, Government, Energy & Utilities, Media & Entertainment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Native Storage Market will Hit $41.9 Billion by 2028, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC, Alibaba Group Holding Limited, VMware, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Citrix Systems, Inc., Rackspace Technology, Inc., and Splunk, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Block Storage
- File Storage
- Object Storage
By Deployment Type
- Public Cloud
- Private Cloud
By Organization Size
- Large Enterprises
- Telecom & IT
- Retail & Consumer Goods
- Energy & Utilities
- Media & Entertainment
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- Alibaba Group Holding Limited
- VMware, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Citrix Systems, Inc.
- Rackspace Technology, Inc.
- Splunk, Inc.
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