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Understanding Cloud Storage Market

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More Posted time:Jun 24, 2016 21:44 PM
Understanding Cloud Storage
With users
consuming more and more digital data, storage is an important concern for organizations. In fact, secure and affordable data storage and retrieval has been a top priority for organizations the world over.  

Data Storage before Cloud

Traditional data storage is done using various devices like desktop hard drives which are static in nature and need to be plugged into the mains. There are faster solid-state drives with impressively faster boot, save, and load times, apt for performance-focused computing, but they are quite expensive. USB flash drives are ideal for quickly sharing files between friends, colleagues, and other devices, and you can easily slip them into your pocket. CDs and DVDs can be used to backup important documents in case of emergency, but they need to be handled with care as they spoil easily. Portable hard drives are compact and lightweight, and ideal for working and backing up on the go. They can be connected using a USB port. Wireless hard drives expand device storage without cables. Some even allow you to stream films and music to your devices and are suitable for long journeys.

Data Storage on Cloud

In a cloud storage system, instead of storing information on your computer's hard drive or other local storage devices, you save it in a remote database and access it through the internet. Cloud storage is ideal for personal as well as business use as you can access your data from any connected device, from anywhere in the world. Important files are encrypted and stored online.

The most basic cloud storage system needs just one data server connected to the Internet. A client subscribing to the service sends files to the data server over the Internet, which then records the information. For retrieval, the client accesses the data server through a web-based interface and the server either sends files back to the client or allows the client to manage files on the server itself.

Bigger cloud storage systems rely on hundreds of data servers. As computers require regular maintenance or repair, it's necessary to replicate the data on multiple machines. It is through this redundancy that a cloud storage system ensures information access to you at any given time.

Some cloud storage systems store all forms of digital data while others store only one specific data like email messages or pictures. Some systems are meant for small operations while others are large enough to necessitate an entire warehouse for equipment. The facilities that house cloud storage systems are called data centers.

The Cloud Advantage


Cloud storage has several advantages over traditional data storage. You need to preserve traditional storage devices carefully as they are always at a risk of getting damaged or lost. But cloud storage allows you to access stored data from any location that has Internet access. Retrieval is faster as data is stored on high-performance servers. You don't need to spend your valuable time and effort on maintenance of hardware. It is more reliable in terms of uptime. Multiple back-ups and multi-level authentications make cloud storage more secure. You can share your data with selected people for collaborative effort. Cloud storage also lets you can scale up and down as required thereby reducing upfront costs.

Well-known Cloud Storage Providers

There are many cloud storage providers in the market competing against each other to provide different kinds of storage. Here are a few renowned players:
●      Google Docs lets you publish documents, spreadsheets, and presentations on Google's data servers, which can be accessed/edited by others as well.
●      Email providers like Gmail, Hotmail, and Yahoo! Mail store email messages on their servers, which you can access from connected devices.
●      Sites like Flickr and Picasa host millions of digital photographs. You can create online photo albums and upload pictures directly to servers.
●      YouTube hosts millions of user-uploaded video files.
●      Web hosting companies like StartLogic, Hostmonster, and GoDaddy, store files and data for client websites.
●      Services like Xdrive, MediaMax, and Strongspace offer storage space for any digital data.
Some of these services are free while others come at a flat fee for some amount of storage, and there are some that charge by use.

Conclusion


The ability to store data and access it instantly enables businesses to reap maximum value and increases profitability and agility, which is restricted in traditional storage systems. Nearly two out of three global organizations use cloud storage in some form or the other.According to research, the global cloud storage market is expected to grow at a CAGR (compound annual growth rate) of 28.2%, from US $18.87 billion in 2015 to US $65.41 billion by 2020.** Increased adoption of cloud storage solutions by large enterprises across various industries will drive this market towards high growth rate in the coming years.

** Source:
http://www.marketsandmarkets.com/PressReleases/cloud-storage.asp
[Cloudy edited the post at Jun 29, 2016 17:14 PM]
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