Get Active in Our Amazing Community of Over 455,000 Peers!

Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Case Partners to connect and practice with!

Market size of cloud-based data storage systems?

Market sizing technology
Recent activity on May 13, 2019
1 Answer
2.0 k Views
Cristina asked on May 12, 2019

Hello everybody,

I was wondering what would be the best way to answer the question "What is the market size of cloud-based data storage systems". I suppose an approach could be picking a geography (e.g. the UK), estimating the number of companies, the % of companies that use cloud-based storage systems and what is their average monthly/yearly spend.

However, estimating the number of companies and the pricing looks complicated - do you have any suggestions on that, or better approaches in mind?

Many thanks!

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Ian
Expert
Content Creator
replied on May 13, 2019
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi Cristinia,

Tough one indeed. What about looking at it as a % of the economy? Start with the US, think about its size (18-20 trillion), then look at tech sector % of that, then estimated cloud-based data storage % of tech sector. Then, look at ROW by type (Europe/developed, Asia/developing) and think about their relative size and % tech compared to US..

Was this answer helpful?
Ian gave the best answer

Ian

Content Creator
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
1,103
Meetings
78,605
Q&A Upvotes
237
Awards
5.0
151 Reviews
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!