North America Cloud and Internet of Things (IoT) Storage Technologies Market was valued at USD 3.12 Billion in 2022 and is projected to reach USD 7.10 Billion by 2030, growing at a CAGR of 11.22% from 2024 to 2030.
The North American Cloud and Internet of Things (IoT) Storage Technologies Market has witnessed a substantial surge due to the rapid advancements in IoT and cloud computing. Industries across various sectors are recognizing the need for scalable, efficient, and secure storage solutions to manage the vast amount of data generated by IoT devices. This growth is not only driven by the increasing adoption of IoT but also by the integration of cloud storage technologies to ensure seamless data access and real-time processing. The demand for such technologies is expected to increase across sectors such as manufacturing, healthcare, retail, automotive, and smart cities.
The primary application of these technologies in North America can be found in industries like manufacturing, where IoT devices are connected to sensors, machines, and production lines to capture critical operational data. These data sets are vast, complex, and growing at an exponential rate, requiring robust cloud storage systems to manage and analyze data in real-time. In healthcare, IoT-enabled devices such as wearables and medical equipment are increasingly generating data on patient health, necessitating secure and reliable cloud storage for medical records, real-time health monitoring, and predictive analytics.
In the retail sector, IoT storage technologies are being utilized for customer behavior analytics, inventory management, and personalized shopping experiences. Retailers are leveraging data from IoT devices to track consumer preferences, optimize supply chains, and enhance the customer experience. Similarly, the automotive industry relies heavily on IoT data for connected vehicles, fleet management, and autonomous driving, requiring high-performance cloud storage systems for the safe handling of sensitive data.
As the demand for these technologies grows, industries are looking for storage solutions that offer enhanced security, scalability, and real-time processing capabilities. Cloud storage providers are evolving to meet these demands by offering flexible, on-demand storage with high-performance capabilities. The integration of artificial intelligence (AI) and machine learning (ML) in storage systems is further transforming how data is stored, managed, and analyzed.
The North America Cloud and Internet of Things (IoT) Storage Technologies Market is poised for significant growth, driven by the increasing need for data storage solutions in diverse industries.
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AT&T
BMC Software
Cisco Systems Inc.
Dell
Fogo Data Centers
North America Switch
Hewlett-Packard Enterprise Co.
IBM Group Ltd.
Juniper Networks
Lenovo
NEC
Pure Storage
Oracle Corp.
SanDisk
Toshiba Storage Products
Violin Memory
Western Digital Corp.
Expedient
Seagate Technology Co.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Cloud and Internet of Things (IoT) Storage Technologies Market
Manufacturing
Banking
Government
Media
Insurance
Retail
Utilities
Transportation
Healthcare
Based on Types the Market is categorized into Below types that held the largest Cloud and Internet of Things (IoT) Storage Technologies market share In 2023.
Cloud storage
IoT storage
Hardware
Software
Services
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Cloud and Internet of Things (IoT) Storage Technologies Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Cloud and Internet of Things (IoT) Storage Technologies Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Cloud and Internet of Things (IoT) Storage Technologies Market, By Type
6. North America Cloud and Internet of Things (IoT) Storage Technologies Market, By Application
7. North America Cloud and Internet of Things (IoT) Storage Technologies Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Cloud and Internet of Things (IoT) Storage Technologies Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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