Cloud-based storage is accessible from any place and is application-agnostic, allowing customers to access it from any device. What is a Cloud Storage Solution?Ĭloud storage systems range from personal storage (to store and back up emails, pictures, videos, and other personal files) to enterprise storage, allowing businesses to use cloud storage as a commercially supported remote backup solution for secure storage and transfer of data files or sharing them between locations.Ī company can choose a cloud storage system based on its scalability and data storage requirements. Here’s an in-depth comparison of two leading cloud storage solutions- DigitalOcean and Vultr – based on their feature-sets, pricing, functionalities, and more. The demand has set off intense competition, with the world’s largest tech companies vying for a slice of the pie. According to Fortune Business Insights, the cloud storage market will grow from $76.43 billion in 2021 to $390.33 billion in 2028 at a CAGR of 26.2%. In 2022, cloud storage has become almost synonymous with the concept of data storage.
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June 2023
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