The cloud storage market has also grown in tandem and is expected to be worth $137.3 billion by 2025, as per MarketsandMarkets.
The cloud is rapidly becoming the storage environment of choice for enterprises. 30%Opens a new window of all corporate data was stored on the cloud in 2015, which increased to 50% in 2020. The cloud storage market has also grown in tandem and is expected to be worth $137.3 billion by 2025, as per MarketsandMarkets. This is because the cloud offers several benefits over traditional on-premise storage systems.