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Cloud Based Storage Market is Expected to Witness Rapid Growth 2014 - 2025

Online depository of memory can be used for replicating virtual machine pictures from the online depository to on-premises locations. In addition; it can be used to move virtual machine images between data centers or between user accounts. As a result of this, with rising digitization, it is expected to grow at a considerable rate over the forecast period.

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The major challenge is the disclosure of personal information by certain erroneous means, faulty equipment, a bug, criminal intent, or when information warehouse/network is shared with many other users/customers. It poses a threat to the privacy of an individual or a firm. However, creating proper service level agreements (SLAs) has helped in providing high-end memory security.

The transmission of information from on-premise boards to an online memory board is expected to boost industry growth over the forecast period. New technological advancements such as virtual gateway applications designed for enterprises by major market players including Amazon and Microsoft and modern storage arrays along with gateway support features are expected to open new growth opportunities for the business.

The major market players are VMware, Box, Google, IBM, HP, Microsoft, Web Services, Fujitsu, RackSpace, and AT&T. The business online storage vendors include Amazon, JustCloud, OpenDrive, Egnyte, MozyPro, CrashPlan, and Dropbox. Amazon offers workplaces a cloud-based desktop that helps in network optimization with the help of Amazon Web Services.

Oracle has introduced three online storage services platform as a service, infrastructure as a service, and software as a service. These services are expected to solve real business problems as well as be accessible at any time, from anywhere with the help of a browser 

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