The Asia Pacific cloud storage market was valued at $XX million in 2018 and is anticipated to reach $XX million by 2027, growing at an estimated CAGR of 21.77%, during the forecast period of 2019-2027. Judging by these numbers, it is safe to say that the Asia-Pacific region is going to be the fastest-growing region over the forecast period.
The evolving hybrid cloud deployment model and the rising demand from government & public sector is presenting the Asia-Pacific market with tremendous growth opportunities. The cloud market in this region can be segmented by solutions (backup storage, primary storage and data movement & access solutions), organization type (large or small businesses), end-users (government, healthcare, BFSI) and the deployment mode (public and private). The ubiquity of key market players, rising technology adoption rates, the growing integration of software solutions in business activities and the favorable start-up culture are majorly responsible for driving this market.
The leading market players in the region include Acronis, Inc., Amazon Web Services Inc., Apple, Inc., AT&T Inc., Backblaze, Inc., Box Inc., Cisco Systems, Inc., Ctera Networks, Dell EMC Corporation, Dropbox, Inc., Fujitsu Ltd, Google, Inc., Hp, Inc., Idrive, International Business Machines Corporation (IBM), Microsoft Corporation, Nasuni Corporation, Oracle Corporation, Rackspace Hosting, Inc., Salesforce.Com, Inc., SAP SE, SugarSync and Vmware Inc.