Dec 6, 2018 SOURCE: BusinessWire

Analysis on the Cloud Storage Market for the Energy & Power Industry - Global Outlook to 2023: A $7+ Billion Opportunity - ResearchAndMarkets.com

The "Cloud Storage Market for Energy and Power Industry - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The cloud storage market for energy and power industry was valued at US$1.786 billion in 2017 and is projected to expand at a CAGR of 25.68% over the forecast period to reach US$7.037 billion by 2023.

Utility sector is also tapping the opportunities provided by cloud computing solutions including data storage for smart grids and other storage-intensive applications.

Cloud applications for energy and power sector include scalable computer capacity for outage management, power trading, and risk analytics among other applications.

Thus, increasing global investments in smart grids to reduce power consumption is expected to boost the adoption of cloud computing solutions, which in turn, will bolster the growth of cloud storage market throughout the forecast period.

By solution, the cloud storage market for energy and power industry is segmented as primary and backup storage. The market for backup storage is expected to witness an impressive growth as enterprises continue to drift towards cloud for backing up their critical data and IT environment to ensure business continuity.

By deployment model, the cloud storage market for energy and power industry is segmented as public, private and hybrid cloud. Public Cloud holds a significant share in the market on account of the shift towards smart energy infrastructure and advanced metering infrastructure.

By services, the cloud storage market for energy and power industry is segmented as integration, consulting and others. All these services are provided to the customers by the cloud storage solution provider so as to help businesses to boost their productivity in an efficient manner.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Cloud Storage Market for Energy and Power Industry Forecast by Solution

6. Cloud Storage Market for Energy and Power Industry Forecast by Deployment Model

7. Cloud Storage Market for Energy and Power Industry Forecast by Services

8. Cloud Storage Market for Energy and Power Industry Forecast by Enterprise Size

9. Cloud Storage Market for Energy and Power Industry Forecast by Geography

10. Competitive Intelligence

11. Company Profiles