BCC Research: Global #Cloud and #IoT Storage Market to Reach [...]

BCC Research: Global #Cloud and #IoT Storage Market to Reach $27.3 Billion by 2022

📅 April 9, 2018 - The global market for this industry was valued at $6.9 billion in 2016, and is forecasted to grow by a compound annual growth rate (CAGR) of 16.7% through 2022, when it will be worth an estimated $27.3 billion, according to a new report by BCC Research, ‘Cloud and Internet of Things (IoT) Storage Technologies: Global Markets to 2022'.

Growing demand for increased storage capacity from new services such as the Internet of Things and cloud computing is driving new revenue for suppliers of storage technologies, according to the report published by BCC Research.

North America claims the largest share of the market, with an estimated 2022 value of $11.2 billion. Growth would be fastest in the [...][... Check source for end of article ...]

Tags: Cloud Hosting News BCC Research internet of things iot Michael Sullivan

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