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Vol. 10 Num. 3 May 2011

Where is the cloud storage market headed?

Break down the cloud storage services market and you’ll find players both big and small jockeying for position in key segments. The cloud storage market is just beginning to hit its stride. For the past few years, cloud storage was largely the province of developers, who have used it as a cost-effective, pay-as-you-go resource to park data for particular projects. But now we’re beginning to see the cloud being embraced by traditional IT teams for a whole new set of storage applications. Based on conversations with vendors and users, we believe 2011 will be a cross-over year with mid-sized and enterprise IT stepping up to drive the cloud storage agenda and, increasingly, the adoption of cloud storage technologies. This shift from development to production is one of the macro trends shaping the market for cloud storage products, profiled in Taneja Group’s “Emerging Market Forecast for Cloud Storage.” Based on our research, the cloud storage products market is currently a $4 billion space that will grow to almost $10 billion by ...

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