"Global Cloud Personal and Entry Level Storage (PELS) Market – Industry Trends and Forecast to 2029

Global Cloud Personal and Entry Level Storage (PELS) Market, By Storage System (Serial Attached SCSI (SAS), Direct Attached Storage (DAS), Network Attached Storage (NAS), Cloud Based Storage, Others), Technology (Magnetic Storage, Solid-State Storage), Vertical (Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, IT and Telecommunications, Healthcare and Life Science, Utilities, Government and Defence, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, Others) – Industry Trends and Forecast to 2029.

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**Segments**

- On the basis of deployment, the Cloud Personal and Entry Level Storage (PELS) market can be segmented into public, private, and hybrid cloud storage solutions. Public cloud storage is expected to dominate the market due to its cost-effectiveness and scalability. Private cloud storage, on the other hand, offers higher security and customization options, making it a preferred choice for organizations with sensitive data. Hybrid cloud storage combines the benefits of both public and private cloud solutions, providing flexibility and data security.

- In terms of service model, the PELS market can be segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). IaaS allows users to rent IT infrastructure components such as virtual machines and storage. PaaS provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure. SaaS offers cloud-based applications on a subscription basis, reducing the need for on-premise software installations.

- Based on end-user, the market can be categorized into individual users and small-medium enterprises (SMEs). Individual users are increasingly adopting cloud PELS for personal storage needs such as photos, videos, and documents. SMEs are leveraging cloud storage solutions to reduce IT infrastructure costs, improve collaboration, and enhance data security.

**Market Players**

- Some of the key players in the Cloud Personal and Entry Level Storage (PELS) market include Dropbox, Google Inc., Microsoft Corporation, Amazon Web Services, Box, Inc., Apple Inc., IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, and Dell Technologies. These market players are focusing on innovation, strategic partnerships, and product development to enhance their market presence and cater to the growing demand for cloud storage solutions.

- Emerging players such as DigitalOcean, Backblaze, and Sync.com are also disrupting the market with their competitive pricing, advanced features, and user-friendly interfaces. The increasing competition in the PELS market isThe Cloud Personal and Entry Level Storage (PELS) market is witnessing a significant transformation driven by the rapid adoption of cloud storage solutions across various deployment models, service models, and end-user segments. With the increasing demand for cost-effective, scalable, and secure storage options, market players are continuously innovating and expanding their offerings to cater to diverse customer needs.

In terms of deployment, the segmentation into public, private, and hybrid cloud storage solutions highlights the importance of flexibility and security in cloud storage services. Public cloud storage solutions are gaining traction due to their cost-effectiveness and scalability, making them ideal for individual users and small-medium enterprises (SMEs) looking for affordable storage options. Private cloud storage, with its emphasis on data security and customization, is preferred by organizations handling sensitive and confidential data. The hybrid cloud storage model offers the best of both worlds by combining the benefits of public and private clouds, enabling organizations to balance cost efficiency with data security.

When it comes to the service model segmentation of the PELS market, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) play a crucial role in catering to diverse customer requirements. IaaS provides users with on-demand access to IT infrastructure components, enabling flexible and scalable storage solutions. PaaS offers a platform for application development and management, simplifying the deployment process for customers. SaaS, on the other hand, delivers cloud-based applications on a subscription basis, reducing the need for on-premise installations and maintenance.

The segmentation based on end-users further underscores the expanding use cases of cloud PELS solutions among individual users and SMEs. Individual users are increasingly turning to cloud storage for personal data such as photos, videos, and documents, leveraging the convenience and accessibility of cloud-based storage services. SMEs, on the other hand, are adopting cloud storage solutions to streamline IT operations, reduce infrastructure costs, enhance collaboration among teams, and strengthen data security measures.

Market players in**Segments**

- **Global Cloud Personal and Entry Level Storage (PELS) Market, By Storage System**: Serial Attached SCSI (SAS), Direct Attached Storage (DAS), Network Attached Storage (NAS), Cloud-Based Storage, Others
- **Technology**: Magnetic Storage, Solid-State Storage
- **Verticals**: Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, IT and Telecommunications, Healthcare and Life Science, Utilities, Government and Defence, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, Others

The Cloud Personal and Entry Level Storage (PELS) market segmentation across different deployment models, service models, and end-user segments reflects the evolving landscape of cloud storage solutions. Public cloud storage remains a popular choice due to its scalability and cost-effectiveness, making it attractive to individual users and SMEs seeking affordable storage options. Private cloud storage, with its focus on security and customization, appeals to organizations handling sensitive data. The hybrid cloud storage model strikes a balance between cost efficiency and data security, offering organizations flexibility in managing their storage needs.
Regarding the service model segmentation, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) cater to diverse customer requirements. IaaS provides on-demand access to IT infrastructure components, enabling flexible storage solutions. PaaS simplifies application development and management for customers, while SaaS delivers cloud-based applications on a subscription basis, reducing the need for on

 

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

Key Questions Answered with this Study

1) What makes Cloud Personal and Entry Level Storage (PELS) Market feasible for long term investment?

2) Know value chain areas where players can create value?

3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?

4) What geographic region would have better demand for product/services?

5) What opportunity emerging territory would offer to established and new entrants in Cloud Personal and Entry Level Storage (PELS) Market?

6) Risk side analysis connected with service providers?

7) How influencing factors driving the demand of Cloud Personal and Entry Level Storage (PELS)in next few years?

8) What is the impact analysis of various factors in the Global Cloud Personal and Entry Level Storage (PELS) Market growth?

9) What strategies of big players help them acquire share in mature market?

10) How Technology and Customer-Centric Innovation is bringing big Change in Cloud Personal and Entry Level Storage (PELS) Market?

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