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What is decentralized storage, and how does it work?

Published 02/09/2023, 03:00 AM
Updated 02/09/2023, 05:40 AM

Businesses face several problems when storing data on-premises. There are steep technical and cost issues in scaling infrastructure up and down, and maintaining storage area networks is a challenge. One also has to deal with complex problems in data compatibility and security.

These challenges have led to the emergence of a cloud storage model that delivers scalability, agility, security, cost savings and simplicity. Fortune Business Insights expects the global cloud storage market to grow from $83.41 billion in 2022 to $376.37 billion by 2029.

Storage of critical data

Use of encryption

Advanced cloud storage

Enhanced speed

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