Surge in demand for improved data usability and quality, faster deployment, and implementation of cloud-based solutions among enterprise are the major factors that drive growth of the market.
Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/8273
In addition, low implementation costs of these services fuels the market growth. However, lack of skilled professionals and experts hampers the market growth.
Furthermore, adoption of cloud services and other technological advancements such as bigdata and artificial intelligence by enterprises is expected to provide lucrative opportunities for the global cloud-based repository services market.
Technological advancements such as bigdata and machine learning generates enormous amount of data, which enhances organizations to adopt cloud-based services to store the data. Cloud-based repository helps to manage such data more efficiently. This factor, in turn, boosts the market growth.
North America is expected to have the largest cloud-based repository services market share during the forecast period, owing to growth in adoption of cloud based repository services in the U.S. and Canada.
All major vendors of cloud-based repository services are present in the region, which further fuels the market growth. In addition, small & medium sized organizations have adopted cloud-based solutions to streamline their business processes, which propels growth of the market in the region.
COVID-19 Scenario Analysis:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global cloud-based repository services market in 2020.
- The worldwide lockdown has led all businesses to shift to online mode, as a result there is huge amount of data that is being uploaded on cloud. Thus, to secure and manage data efficiently on cloud creates demand for cloud-based repository services.
- Overall, the pandemic is expected to have a positive impact on the global cloud-based repository services market.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/8273
Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter