It reduces the risk of unauthorized physical access to information which has lately increased its usage among SMBs , large enterprises and government bodies . The market can be segmented on the basis of solutions , applications and deployment models . Solutions are further segregated into primary , online gateway solution , backup solution and data movement and access storage solution . Cloud-based storage has applications in several domains including SharePoint , exchange , and manufacturing .
The private online warehouse facility provides a dedicated space to organizations , affirming security and control . Under the public online depository model , clients share the identical arrangement with restricted configuration , protection , safety , and availability variations . Online memory warehouse providers deliver economies of scale by using the same depository capacity to meet the needs of many organizations , passing the cost savings to their customer base , hence making it a revolution in making .
Hybrid online depository has gained prominence in recent years due to their features such as cost effective as well as security , which help enterprises to use it as per their need . SMEs benefit to a huge extent as it significantly diminishes information depository costs , increases efficiency , and safeguards easy access to information from anywhere and at any time .
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Online depository of memory can be used for replicating virtual machine pictures from online depository to onpremises 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 .
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 boards 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