Cloud storage is a computer data storage strategy in which digital data is kept in logical pools that are referred to as “the cloud.” The cloud storage providers are in charge of maintaining the data safe, secure, and operational. They are responsible for handling capacity, security, and durability to ensure that data is available to user applications all around the globe. IT departments may alter three areas by storing data in the cloud: total cost of ownership, time to deployment, and information management. The global cloud storage market size was $70.19 billion in 2021 and the market is expected to reach $376.37 billion by 2029, exhibiting a CAGR of 24.0% during the forecast period.
