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Cloud storage is essential to keep your files secure and access them from anywhere. Popular providers like Google Drive, iCloud, Microsoft OneDrive, and Dropbox serve their purpose well but theyre not the most secure. These services often scan your files for marketing purposes.

To ensure your privacy, its wise to go for a secure cloud storage provider that uses zero-knowledge encryption and other security measures. Our top choices for the most secure and efficient cloud storage services are:

You can get Backblaze free for one year when you sign up for ExpressVPN. This gives you robust all-around protection, from your online browsing to your file storage.

Read all the details about the best cloud storage services in our full article below.

As we become increasingly reliant on technology, the need for secure cloud data storage becomes more apparent.

You may already be familiar with popular and free online storage providers, such as Dropbox, Google Drive, Microsoft OneDrive, and more. However, using these options come with security risks, as your data can be scanned by cloud providers for marketing purposes.

In this article, we look at the best and most secure cloud storage options on the market, and then we detail why settling for free storage isnt good enough. Keep reading to find out more.

A cloud storage service offers you a secure virtual space to keep your files. It can be accessed via your browser, a computer program, or a smartphone app.

A cloud storages purpose is to keep your files safe while making sure you can access them from anywhere, using any device. Using a cloud storage service can free up space on your computer or phonebecause now you dont need to store everything locally.

For a summary of the best secure cloud storage providers, see the table below.

MEGA is one of the best free cloud storage providers available. It offers you a generous 20 GB of free storage and uses zero-knowledge encryption so that nobody can get a hold of your data.

Moreover, all of its security features are available for free, so you only have to pay extra if you need more storage.

All your data is encrypted with a key derived from your password, meaning MEGA does not generate your encryption key and therefore doesnt have access to it.

MEGA lets you set up a recovery key that you can use to regain access to your data in case you ever do lose your password. Furthermore, if your device is ever infected by ransomware, you can use MEGAs file versioning and recovery features to revert your data to before the infection.

You can also create password-protected links when sharing files with others. Password-protected files can be downloaded without needing to sign up for a MEGA account. There are also some handy collaboration features that would be especially useful for businesses, such as private team messaging and secure video conferencing.

Although MEGA has a pretty generous free cloud storage plan, it has certain limits, such as a monthly file transfers quota. Also, the paid plans are pretty pricey when compared to some alternatives that are discussed below.

Another possible cause for concern is that a large portion of MEGAs stock is owned by individuals under with connections to the Chinese government, which is notorious for its invasive privacy policies. This may make some users uneasy, but theoretically, it shouldnt be a problem because of the end-to-end, zero-knowledge encryption at play. The security measures ensure that nobody can gain access to your sensitive information.

To sum up: MEGA offers user-controlled encryption and does not directly access your data. Compare that to Microsoft OneDrive or Google Drive, where your files get scanned for information that could be of use to marketers. You can read more about this in our article about what Google knows about you.

If you want more details about MEGA, click the button below to go to its website.

iDrive offers minimal free storage but is one of the cheapest security-focused cloud storage services available.

This service uses 256-bit AES encryption to transfer files and secures them with a user-defined key that isnt stored anywhere on the services servers. So, nobody can access your data without your key. Its an excellent online backup and sharing solution for individuals, small businesses, and enterprises.

iDrive features continuous file syncing, even those on network drives. Files deleted from your computer dont automatically get deleted from the server, so theres no chance of losing something important.

In fact, iDrive keeps up to 30 previous versions of all files added to your account. iDrive also offers iDrive Express, a service that sends you a physical drive containing all your data in case you lose it.

Whether you use personal or business plans, iDrive has easy-to-use apps and a straightforward web interface. It lets you share files by email, Facebook, and Twitter.

Moreover, there are several specialized features for businesses, such as the iDrive Thin Client application that lets IT admins backup, restore, and manage all their connected devices via a centralized dashboard.

Lastly, iDrive is one of the best cloud storage for photos, with a facial recognition feature similar to that of Google Photos and other popular services. This helps you automatically organize your memories and sync them across all your linked devices.

You can also opt for the separate iDrive Photos service that lets you back up all the photos and videos from your iOS or Android device in original quality.

iDrive subscriptions start at just $0.99 for unlimited storage for the first year, with a 7-day free trial. Pricing for the second year onwards is under $10, which is cheaper than both iCloud and Google Photos.

For more details and to sign up, visit the iDrive website by clicking the button below:

It can be difficult to keep up with different subscription payments monthly or annually. pCloud eases this problem by offering a lifetime cloud storage plan for one upfront fee. This works out affordable in the long term and offers great value for money.

pCloud has options for individuals, families, and businesses. All plans boast advanced collaboration and file-sharing features for convenience. Moreover, you can back up files from third-party platforms, including Dropbox, Facebook, OneDrive, Google Drive, and Google Photos.

pCloud supports all file formats and has built-in media players for video and audio. Plus, there are ample features for file sharing, syncing, and accessing across multiple devices, file versioning, and recovery.

pCloud uses AES 256-bit encryption and the TLS/SSL protocol during transfers to protect data. Once files reach a data center, five copies are made and distributed to at least three servers to maximize security.It also uses two-factor authentication to protect your account if someone steals your credentials.

You can get more details about pCloud by visiting their website. Just click the button below.

Sync.com is a cloud storage service thats zero-knowledge compliant and an excellent option for both personal and business use.

Sync.com is a cloud storage service thats zero-knowledge compliant and an excellent option for both personal and business use.

The service uses AES-256-bit encryption, TLS protocol to protect files in transit, and two-factor authentication to ward off hacking. Its apps are easy to use, and you can send files of any size to anyone, even those without a Sync account.

Additionally, features like file requests, expiry dates, password protection, notifications, and permissions ensure that you can always control who views your files.

Sync.com is a particularly good cloud storage option for businesses and teams thanks to its affordable pricing, high security, and wide range of features. For instance, each user on a team gets 1TB of space for only $5 each per month. If you need extra storage, the Advanced plan for 10TB per user is just $15 per month.

At the same time, you can benefit from excellent versioning features. Businesses can restore file versions dating back a year, which can prove incredibly nifty for data recovery. Furthermore, the Account Rewind feature helps you restore your full account from, say, a ransomware attack.

Sync.com also includes full support for Microsoft Office formats including Word, Excel, Powerpoint, and Visio, as well as Adobe PDF, PSD, virtually all photo formats, and more. So, its perfect for most types of businesses globally.

Lastly, admin tools make it easy to manage users and keep your cloud storage functioning effectively. Check out Sync.com by clicking the button below.

Theres a subtle difference between cloud storage and online backups, even though the terms can be used interchangeably. Mainly, cloud storage is for files you are consistently using, editing, and sharing. It lets you easily sync your files across devices and share them with others.

Backups are more for making a copy of your files and folders to keep secure in the long term and recover in case of data loss. Backups are not necessarily something you access regularly, and many backup services often compress the data into readable files until you need to retrieve them.

One of the best cloud services for backups is Backblaze. Its perfect for both personal and business backup needs but be warned that there are no handy file syncing or collaboration features. It stands out by easing the process of backing up your files.

All youve got to do is install the app, and it will continuously back up all important data on your device with no additional intervention on your part. You can access your files through the web or the Backblaze mobile apps for iOS and Android. So, no matter where you are, your files will always be with you.

Further, your data is secured with AES 128-bit encryption both at rest and in transit. Although 256-bit would have been ideal, even 128-bit is adequate. If you want to learn more about the difference, check out our guide to encryption.

You can also set a private key to lock your files. But you will need to share this with Backblaze for file recovery, so it doesnt qualify as zero-knowledge encryption. During recovery, you can either download files from the web or have Backblaze ship them to you on a flash or external drive.

Note that, while Backblaze offers unlimited storage at an unbeatable price, you can only backup one computer per account.

The great news is that you can currently get Backblaze free for one year when you sign up for our favorite VPN service, ExpressVPN.

In addition to all the benefits of an ExpressVPN subscription, such as online privacy and anonymity, you can now also get a free year of Backblaze and enjoy secure backups for peace of mind.

Cloud storage is known by many names, such as online storage, cloud backup, file storage, file hosting, and online drives. All of these terms refer to storing files such as documents, photos, and videos on the cloud.

The cloud is basically a server that you can access remotely online. That means you can access it from anywhere on almost any device via the internet. Cloud storage services can be free or paid and have different cloud storage tools for varying business and personal needs.

Some of the benefits of using cloud storage are that it allows you to:

Youve probably already used some of the most popular cloud storage services, like Google Drive, Microsoft OneDrive, iCloud, and Dropbox.

Of these, the first three are owned by Big Tech companies (Google, Microsoft, and Apple, respectively), while Dropbox was started by two MIT students and grew to be one of the most valuable startups in the world.

All of these file-sharing services make it easy to store, manage, and edit your files. They have incredibly user-friendly apps across all platforms such as Windows, macOS, iOS, and Android. Moreover, they offer great integrations with other apps, adding to their convenience and functionality. They are also widely used as some of the best free cloud storage options.

However, what you might not know is that these well-known cloud services come with some security risks. Although they all use the highest encryption standards to store your data securely, thats not enough to ensure complete security and privacy.

For instance, all the mainstream cloud storage services regularly scan your data to find information that may be useful for marketing products and services to you. They also expose your data to vulnerabilities during the transmission process.

Furthermore, these popular services lack zero-knowledge encryption. Zero-knowledge means that nobody except you can access your data, not even the cloud storage service provider. This is usually achieved by making you set a private key thats needed to decrypt your data.

Security is essential when choosing the best cloud storage but so are program features and the specific functionality you need for your purposes. After all, its a service you will be using long-term, so its best to do your research beforehand.

Never believe any offers of free unlimited cloud storage. Cloud services require a lot of money for upkeep, so if a website is hosting your data for free, thats a sign they may be making money off of you another way (such as selling your data to other companies).

In a nutshell, consider the following points when deciding which provider to go with:

Is the storage offer sufficient to store all your files now and in the future? Can you upgrade later on if you need to? How much free storage is available?

For instance, on our list above, pCloud offers the best value with their lifetime plans, which cost more upfront but work out cheaper overall. However, theres no way to upgrade if you want more storage than the maximum of 2 TB. So, if you expect that youll need more space down the line, you could go for something like iDrive, which offers up to 5 TB.

Does the cloud provider have apps for the platforms you use, whether its Windows, macOS, Android, or iOS? Is there an efficient web interface? Is the service available worldwide?

All of the cloud storage services weve mentioned above have an efficient desktop app and mobile app with availability in most countries. Moreover, they are also among the best free cloud storage providers.

Does the service use server-side and client-side encryption? Does it operate on zero-knowledge principles, or does the cloud storage provider have access to your private key? What are the privacy policies of the provider? Has it experienced data breaches in the past?

Does the cloud service let you easily collaborate with others when you need to? Can you share files and set permissions to control access? Is it easy to use?

Most of the services we picked are feature-rich and suitable for both personal and business use.

Does the cloud storage solution automatically sync and backup files on your computer? Or does it need regular intervention from you? What happens if you lose your data? Does it have a versioning system that can help you roll back to earlier files?

These factors can be life-saving in case your device gets affected by threats like viruses or ransomware that corrupt your data.

To sum up, whether you go for free storage or paid storage, its essential to invest in secure cloud storage that protects your privacy while keeping your files safe.

The great news is that all of our top options also offer some of the best free cloud storage options, which you can first try out to see if it works well for you. You can test out the file-sharing features, ease of use, and customer service before deciding which paid plan to opt for.

Its best to steer clear of the mainstream providers such as Google Drive, Dropbox, iCloud, and Microsoft OneDrive because even though they may be cheaper, they use your data for marketing purposes and expose your files to vulnerabilities during the file transfer process.

Remember: the best cloud storage that money can buy is the one that keeps your files safe and secure. Even if youre using AWS S3, its important to learn how to secure and protect your S3 buckets.

Best Cloud Storage Services: Frequently Asked Questions

Got questions about cloud storage services? Check out our FAQ below. Just click a question to see the answer.

A cloud storage service offers you a secure virtual space to store your files. It can be accessed from anywhere on the web or through a desktop or mobile app.

There are several things to consider when choosing a cloud storage service such as security, the volume of storage, and pricing. One of the options we recommend is pCloud, which has a lifetime plan you can pay for with a lumpsum one-time fee. Other options include MEGA, iDrive, and Sync.com.

iDrive offers a secure and affordable way to store your photos. The iDrive Photos servicelets you back up all the photos and videos from your iOS or Android device in original quality. It starts at just $0.99 for unlimited storage for the first year, with a 7-day free trial. Pricing for the second year onwards is under $10, which is cheaper than both iCloud and Google Photos.

Most cloud storage providers offer special plans for businesses. An excellent option is Sync.com. Each user on a team gets 1 TB of space for only $5 each per month.

At the same time, it offers advanced security, like AES-256-bit encryption, the secure TLS protocol to protect files in transit, and two-factor authentication. Its zero-knowledge compliant so that nobody, including Sync.com, can access your data.

Mainstream cloud storage services like Dropbox, Google Drive, and Microsoft OneDrive promise safety but do not actually ensure it. This is because they expose your files to vulnerabilities during transfer and routinely scan your files for marketing purposes.

But safe cloud storage services do exist. These do not access your data at all and secure it with the safest encryption and protocols. Good examples are MEGA, iDrive, pCloud, and Sync.com.

Cloud storage and online backup are similar, but each has distinct functions.

Cloud storage is primarily for keeping files that you access routinely and share with others.

Backup, on the other hand, is about long-term storage for the purpose of recovery in case of data loss. Backup services dont usually have collaborative or file-sharing features. A great cloud backup provider is Backblaze that you can try for free for a year with an ExpressVPN subscription.

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Best Cloud Storage in 2022: Top 5 Most Secure Cloud Options

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Object storage is a storage construct where data is not structured as files within folders, but rather as objects in a central storage solution. Its used to implement scalable and reliable storage solutions on-prem or in the cloud without any of the inherent constraints of traditional storage systems.

Aside from its use in applications, one of the most essential applications for object storage is in backup solutions as a destination for backup data storage. In this blog, we will cover object storage benefits and discuss the advantages of using NetApp Cloud Backup in order to create a reliable copy of your data.

The topics youll find here include:

Backup data was typically stored on backup tapes in traditional data center deployments. The Linear Tape-Open (LTO) drive has been the most prevalent standard for tape-based backup, with tapes often shipped offsite for long-term retention. However, the challenge with tape-based backup was that it required specialized tape drives for data retrieval and had the added overhead of maintaining the hardware and upgrading it every few years. Additionally, considering the exponential rate of data growth in organizations, tapes simply werent a scalable solution.

The next phase of backup media was disk drives. Though disks were more costly than tapes, they had several advantages that fuelled their popularity as backup storage. The main advantage of disks was the ease at which data could be restored and accessed without any specialized devices or software. They were also less susceptible to physical damage compared to magnetic tapes.

With increased data churn, especially in the range of petabytes, disks could also no longer be relied on as a viable long-term solution. Though discs could still be utilized for short-term retention and recovery, long-term backup data retention required a scalable, dependable, and less expensive option, which object storage provides.

The benefits of object storage have allowed it to become increasingly popular as the preferred destinationfor backup data. It has multiple advantages as a storage solution: cheaper storage rates, long-term retention, and hassle-free maintenance, to name a few. An object storage solution can either be cloud based or it can be a trusted on-prem object storage solution, such as NetApp StorageGRID. Lets take a look at some object storage benefits as a solution for backups.

Object storage uses a flat-file structure and therefore enables quicker data retrieval during restores. Theres no additional time required to mount and configure backup media for data retrieval. The process is smooth and instantaneous.

Object storage provides tiering capabilities where infrequently used data can be automatically moved to object storage and production data can be stored in costlier high performance storage tiers. In this scenario, backup and archival data would only be accessed during the event of data loss or an audit. Data tiering also helps businesses meet regulatory and compliance requirements while optimizing their storage utilization as per performance requirements.

Data is stored in a different format in object storage when compared to block storage devices. This offers an additional layer of security for backup data in object storage as it is stored in a different hardware and software platform in a different format, one that may not be affected by an initial outage or attack vector.

Object storage also provides versioning and object lock that makes the data tamper proof. If the primary data copy is compromised due to malware attacks or hardware/software defects, the data in object storage can still be used for quick recovery.

While using object storage for backup, the data can either be stored on-premises or in the cloud. Depending on your organizations architecture, a combination of an on-prem object storage solution like StoragGrid can be used along with object storage from any of the hyperscalers. This provides much needed flexibility, especially when aggregating backup data for short-term and long-term retention

When adopting cloud-based object storage for backup, customers have the following benefits.

The clouds pay-as-you-go model helps to convert CAPEX to OPEX. All of the major cloud storage services offer less expensive object-based cold and archive tiers that can be used for long-term retention of backup data at affordable rates.

All the major cloud service providers offer object storage as a managed service with 11 nines of durability and assured SLAs. The data is automatically stored in different zones and regions to protect from failures. The high availability and redundancy needs of backup storage are taken care of by the cloud platform with no additional overhead to the user.

Object storage in the cloud has data and access plane security controls built-in that can be configured by customers to protect backup data. All cloud platforms provide encryption at rest capabilities using a service provider manager or customer-managed keys to protect the data. Data in transit is also protected through HTTPS/TLS encrypted connections.

Object storage serves as the perfect destination for the offsite storage of data. This is especially helpful to organizations that follow the 3-2-1 backup strategy and need a copy of their data stored offsite. Compared to traditional methods of shipping tapes to offsite locations, transferring data to cloud object storage is hassle-free over a secure connection.

As an organization's data estate grows so does the backup data size. Object storage in the cloud helps meet this growing demand without the upfront investment in costly storage devices. It also eliminates the need for capacity planning as cloud storage services from all major platforms can scale up to petabytes of capacity on demand.

The pay-as-you-go model of object storage in the cloud helps to convert Capex to Opex. All cloud storage services have cheaper cold and archive tiers that can be used for long-term retention of backup data at affordable rates. The same process using conventional backupdevices could involve additional costs associated with device maintenance and upgrades.

NetApp Cloud Backupprovides reliable backup and restore services for data stored in NetApp Cloud Volumes ONTAPas well as on-premises ONTAP clusters. With a single-pane management view provided by Cloud Managerin the SaaS model, it offers a simple solution for automated backup of data from ONTAP clusters to object storage as shown in the reference architecture below:

There are a number of advantages to using NetApp Cloud Backup to harness the object storage advantages, irrespective of whether its stored on-prem or in the cloud.

NetApp Cloud Backup uses an incremental forever block-level backup approach to efficiently backup and restore data. The data is directly stored on object storage with minimal operational overhead.

Due to the incremental-forever nature of backup, the storage footprint required for backup data is minimal. Cloud object storage is cost-effectiveby nature, thereby lowering overall backup storage costs.

NetApp Cloud Backup automatically stores data in cloud object storage away from the source ONTAP cluster. This helps organizations with a 3-2-1 backup strategy to use object storage as their offsite storage location. In the event of data loss or corruption in the ONTAP cluster, backup copies arent impacted and point-in-time recovery of data is possible from the backup copies in object storage.

The data from ONTAP is backed up directlyto the object storage. There is no middleman technology or staging operations involved in the process. This helps improve the efficiency and security of the backup.

NetApp Cloud Backup provides a comprehensive backup solution that backs up the target files including open files, meta-data, and ACL. The granular restore feature allows you to restore entire volumes or specific files depending on your needs.

NetApp Cloud Backup uses NetApp SnapShottechnologyto create immutable backup copies that are stored in object storage. The backup copies are read-only and cant be altered by malicious malware. In the event of a malware attack, the backup copies will remain safe in cloud storage and can be used for a point-in-time restore of clean data.

The innate resiliency features of object storage enable backup data managed by NetApp Cloud Backup to be robust. As previously stated, object storage is designed for data durability of 99.999999999 percent (11 nines).

NetApp Cloud Backup uses AES-256-bit encryption to encrypt data at rest. When backup data is sent from ONTAP to cloud storage, TLS 1.2 HTTPS connections are used to encrypt the data in transit. The encryption key can be controlled by customers using their own key management solutions.

For organizations with high security demands or that prefer to keep their data and control plane on-premalso known as dark site deploymentCloud Backup offersthe option to back up data from a primary ONTAP to object storage stored on-prem with StorageGRID with zero internet connectivity needed.

For dark site deployment, not only is the data never leaves the customer's environment, and the control panel is disconnected from the internet and operated locally on premises. This requires maintaining the infrastructure on your own, but the benefits of object storage still come into play. In a dark site deployment the data plane and control plane exits on premises as shown below.

If you do not have a requirement for a fully dark site deployment, but still need the data to be on-premises you can take backup from ONTAP to StorageGRID using Cloud Backup . In this case data will still be on-premises but Cloud Backup can be deployed in the cloud. In this way, Cloud Backup and StorageGRID provide you the required flexibility to design the backup infrastructure as per your organizations compliance requirements.

Backup data is stored in object storage in a customers cloud environment. NetApp doesnt have access to the data, which is kept secure and handled by the customer. By default, public access to the object storage is turned off. Customers can further tie down the access to the object storage to users based on principles of least privilege using role-based access control methods from the cloud provider..

Object storage as an independent copy of your data in the cloud offers multiple benefits compared to its alternatives: reliability, scalability, security, and control, to name a few. Its quickly displacing traditional backup storage solutions by providing an air-gapped cloud storage option.

NetApp Cloud Backup is a secure and efficient backup solution that enables you to take advantage of the power of cloud object storage to meet your backup requirements. Watch the NetApp Cloud Backup group demoor sign up for a free trialto learn more.

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New York, July 13, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Cloud Storage Market by Component, Application, Deployment Type, Organization Size, Vertical and Region - Global Forecast to 2027" - https://www.reportlinker.com/p04141095/?utm_source=GNW

Solutions segment to hold a larger market size during the forecast periodCloud storage solutions, including block, file, and object, are offered differently for different applications.These solutions are instrumental in offering end-users reliable, cost-efficient, time-saving, and scalable cloud storage features.

Cloud storage vendors offer customized cloud storage solutions to meet property managers real-time and complex requirements.These solutions also assist corporates and property managers in aligning business strategies with the enterprises long-term growth strategies.

Cloud storage solutions enable optimal maintenance throughout the asset life cycle, leading to high asset utilization and cost optimization. By vertical, Telecommunications industry to register highest CAGR during the forecast period

The growing need for storing customer-related data, such as call records, transactional data, and user preferences, is expected to drive the growth of cloud storage in the telecommunications vertical.The telecommunication industry leverages powerful cloud-based storage platforms to improve data flexibility and scalability through multiple-line access via desktops and smart devices.

The cloud storage market enables centralized control and management for the telecommunication enterprises over the data stored. Hence, the telecommunication vertical is expected to adopt cloud storage solutions due to improved flexibility, better scalability, and reduced costs.

Europe to register higher growth rate during the forecast periodThe region is among the early adopters of cloud computing technology due to the strong technical expertise and better IT budget of enterprises in this region.Europe is expected to be the second-largest regional market in terms of revenue.

This region is the second most preferred location among cloud storage providers for expanding cloud infrastructure regions.The UK is the most developed country in Europe and is expected to contribute significantly to the cloud storage market.

Cloud storage solutions and services have been widely adopted by European enterprises, as they provide improved flexibility, increased productivity, provide better control, and reduced involved physical infrastructure costs.Countries considered for market analysis include the UK, France, and Germany, which are expected to contribute significantly to the European cloud storage market.

Europe has strict rules and regulations for data privacy and security, owing to which many cloud storage providers have improved their infrastructure to address the data localization needs of companies in the region. By Company Type: Tier 1 32%, Tier 2 49%, and Tier 3 19% By Designation: C-level executives 33%, Director Level 22%, and Others 45% By Region: North America 40%, Europe 20%, APAC 35%, Rest of World (RoW) 5%Major vendors offering cloud storage solutions are AWS (US), Google (US), Microsoft (US), IBM (US), Alibaba Cloud (China), Huawei (China), Oracle (US), Rackspace Technology (US), HPE (US), Dell Technologies (US), Dropbox (US), Box (US), Tencent Cloud (China), Fujitsu (Japan), VMware (US), NetApp (US), Hitachi Vantara (US), Scality (US), and Citrix (US).

Research CoverageThe market study covers the cloud storage market size across segments.It aims at estimating the market size and the growth potential of the market across segments by component, application, organization size, deployment type, vertical, and region.

The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the ReportThe report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cloud storage market and its subsegments.The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.

The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.Read the full report: https://www.reportlinker.com/p04141095/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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The global cloud storage market size is projected to grow from USD 78.6 billion in 2022 to USD 187.3 billion by 2027, at a Compound Annual Growth Rate...

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Storage is a big issue in Web3. The human race is responsible for an explosion of data production, and that data has to live somewhere, says Dr. Max Li, the CEO of Computecoin.

These days data mostly ends up stored on our phones, hard drives, or cloud storage services. Tools like Dropbox and Google Drive have made it easier than ever before to upload and access computer data from anywhere in the connected world.

But all of these different solutions suffer the same primary drawback: they are centralized, and centralization comes with certain fundamental vulnerabilities. What happens if you lose your hard drive in a house fire? What happens when Dropbox servers suffer some network outage?

Furthermore, how much do you trust that a third party like Dropbox is protecting your privacy as opposed to abusing it?

Web3 is the term commonly heard flying around conversations about the shift in our relationship with the internet. Where the original World Wide Web was mostly a read-only experience for the end-user, Web2 ushered in a read-write experience. Social media made it possible for people to cultivate and interact with their own audience. Powerful media and marketing tools are available to anyone who wants them.

Now crypto principles and blockchain technology are heralding Web3 as a read-write-own experience. In this paradigm, its not only possible to track ownership of virtual assets but to buy and sell those assets on an open market.

The evolution of Web3 is driven by decentralized blockchains that can offer greater accessibility to cloud storage without any of the security risks. In a Web3 storage paradigm, files are stored on a network of computers rather than on a single server. With help from encryption, data mining resistance, and peer-to-peer networking, Web3 principles offer a more secure, breach-resistant storage solution.

Web3 storage is also significantly cheaper than traditional cloud storage options. With no central authority controlling the platform, users are free to choose their own storage providers, like Storj, Ankr, or my own company Computecoin.

Storj is a key player in the decentralized storage space and is comparable to Amazon S3 in terms of features and functionality. However, while Amazon Simple Storage Service (Amazon S3) costs $22/TB/mo on average, Storj services cost only $4/TB/mo.

Storj can help both Web2 and Web3 companies save on their storage costs. For example, media and entertainment companies might use Storj to serve their content, or machine learning companies can use it to host their data more cost-effectively.

Ankr is on a mission to make blockchain technology more accessible to developers. The company provides developer tools and infrastructure services that optimize the blockchain experience. Some of Ankrs notable partners include Binance, Polygon, and Avalanche.

The distinguishing feature of Ankrs approach is its focus on the compute layer. The companys servers are located around the world on bare metal, which provides faster speeds and more reliable service.

The Computecoin network aims to provide compute and storage in a decentralized fashion. You might think about it like Amazon Web Services (AWS). But, it doesnt rely on a central authority like AWS.

AWS currently offers dozens of different services, yet Computecoin plans to replace each one in a decentralized fashion. This would provide the same services currently offered by AWS, but in a more robust, resilient way with reduced downtime. And, it is less prone to malicious hackers.

As companies face high educational and technical barriers that make it difficult to adopt decentralized cloud systems, Computecoin aims to make that process easier and more accessible to all.

Just as Expedia provides an easy end-to-end booking solution that simplifies the process and ensures users a smooth user experience, Computecoin provides an end-to-end computing and storage solution thats easy and intuitive to use. The aim is to offer reduced costs and increased privacy to compete against traditional centralized providers like Amazon and Google.

The web has come a long way since its humble beginnings. We have gone from a few simple pages to a complex, interconnected web of information. But as the web has grown, problems have developed along the way.

From data breaches to overreaching government surveillance, the centralized model of the web has left users vulnerable and exposed. Web3 is the solution. By decentralizing the infrastructure of the web, we can build a more resilient, secure, and private internet.

Yes, its about storage. But its about the future of the internet at the same time.

Dr. Max Li is the founder & CEO of Computecoin, co-founder of Nakamoto & Turing Labs (N&T Labs), and managing partner of a New York-based VC Aves Lair. He is also an adjunct professor at Columbia University (in the City of New York).

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Storage Without Centralization: Where Will Web3's Explosion of Data Live? - BeInCrypto

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