According to Technavio, the global cloud storage services market Size is expected to increase by USD 123.84 billion between 2024 and 2028, at a CAGR (Compound annual growth rate) of 19.56%. The solutions segment, which is known for providing a wide range of client needs through services such as data protection, file syncing (or synchronization), disaster recovery, and cloud backup, is driving this expansion. This market, valued at USD 25.94 billion in 2018, provides a variety of options, such as file sharing and main storage. The solutions segment, which is particularly popular among Small and Midsize Enterprise (SMEs) due to its scalability and flexibility, is expected to develop significantly.

Best cloud storage solution
Gowtham Chand M
Gowtham Chand M

Content Writer

Global cloud storage services market Size
Regional Insights:

North America is expected to lead the market with 38% of worldwide growth. This region benefits from strong data creation rates, major data center expenditures, and the widespread adoption of IoT (Internet of Things) devices and 5G technologies. These factors, along with developments in big data analytics, will drive market growth.

Significant Trends:

The widespread adoption of cloud storage by SMEs has been a fundamental driver of market expansion. These businesses are focusing on lowering Capital expenditure or capital expense (CAPEX) by using new technologies, particularly cloud storage, which offers scalable and adaptable IT resources such as storage and servers. Cloud storage services are popular among SMEs because they provide cross platform software solutions that allow online for desktop, and mobile app development, as well as the capacity to scale as needed.

Major challenges:

Migration, latency, and compatibility concerns are among the most pressing industry challenges. Transitioning workloads from on-premises to cloud infrastructures is difficult due to the lack of direct mapping between private and public cloud services, which may influence performance. Asymmetric connectivity, privacy, and security concerns all present important challenges, especially with sluggish upload bandwidths affecting cloud computing deployments.

First, let us talk about other well-known cloud storage platforms besides


Dropbox transformed file sharing by providing file recovery, interaction with other programs, and real-time collaboration via its Paper function. However, there are substantial drawbacks:

Drew Huston, an MIT graduate, was annoyed by the file size limits of email companies and USB devices in 2007. His frustration, combined with the following search for a better file-sharing option, resulted in the creation of Dropbox, one of the most popular cloud storage systems of all time. Over time, the cloud storage landscape has gotten increasingly competitive.

Aside from providing a platform for storing and managing data, below are some other notable aspects of Dropbox:

Dropbox provides a rapid and easy recovery method in the event of data loss or system failure, eliminating the need for cumbersome manual connections.

  • Integrate Dropbox with Slack (software), Canva, and Microsoft Word to save time switching between apps.
  • Password protection, expiration links, and download permissions guarantee safe file sharing and prevent unauthorized access.
  • Dropbox offers Paper, a solution for real-time document collaboration.

Dropbox Disadvantages:

Here are some reasons why you shouldn’t use Dropbox as your file storage solution.

  1. Security issues:
    Security is something that cannot be compromised when keeping data in third-party cloud services. Dropbox uses AES-256-bit encryption for data at rest on its servers. It uses TLS/SSL encryption technologies to protect data sent between your devices.
    This significant security flaw has resulted in multiple embarrassing security incidents for Dropbox. “Who can forget the 2012 security breach in which a file containing a list of email addresses was stolen from Dropbox, affecting over 68 million users? In 2017, a programming error caused deleted files to be returned for some customers, and last year, hackers got access to 130 Dropbox data repositories.” –
  2. Plan Cost Storage Capacity Users:
    When comparing Dropbox’s price levels, the fees of these advanced plans can quickly climb, particularly if you are a large firm with several users or require considerable data storage.
    Dropbox, for example, may not be appropriate for an e-commerce business that deals with large numbers of media assets on a daily basis. Whether we like it or not, media libraries increase rapidly over time, and it will be difficult to meet their expanding needs using Dropbox without breaking the bank. For e-commerce, is a preferable option.
  3. Limited storage for the free plan:
    Agreed Dropbox offers a decent free plan. However, it has a storage capacity of only 2 GB, which, although adequate for an individual, is clearly insufficient for a media-heavy organization. The limit is especially disappointing when compared to competitors’ free plans, such as, which offers 5GB, and Google Drive, which provides 15GB of storage under their respective free plans.
  4. Difficult Collaboration:
    Collaboration is essential for firms that manage digital assets on a regular basis. It aids the brand in developing unified message, which eventually reinforces its identity. Dropbox promises to offer collaboration capabilities with its Paper feature, which includes an intuitive UI, collaborative editing options, and version control. However, there is a catch: it is only appropriate for individuals working with textual content.

When dealing with media-based content, its collaborative utility decreases. The evident lack of media collaboration options demonstrates that Dropbox has prioritized documents over other data types, notably media assets.

The user interface is difficult to use and requires a lot of storage.

Dropbox’s design has been modified numerous times over the years, but it is still not simple, making it tough to use professionally.
Second, Dropbox requires you to have enough space on your local hard drive for file syncing. This is not the case for platforms such as Google Drive or eShare.AI. When everything is stored in the cloud, why bother about physical storage on various devices? Dropbox has let me down big time.

Google Drive:

Google Drive is utilized by millions of people all over the world for its amazing services as a cloud storage solution and document editing tool that specializes in improving collaboration and file sharing.
It allows users to save and share files and personal data. It provides 15 GB of
free storage space. Google launched it in 2012. Almost everyone who is involved
in the internet uses it.

Cons of Google Drive:

Any application, service, or tool has limitations. It is nearly impossible to avoid finding some drawbacks when discussing internet services. So, in the following paragraphs, we’ll look at some of the downsides of Google Docs.

  1. Security Risks:
    Despite its numerous security features, the service is not completely hack-proof. Assume you are storing sensitive information. It’s a good idea to be aware of the security dangers associated with Google Drive. The most prevalent risk is sharing your files with the incorrect person, and if copies are produced, there’s little you can do. Furthermore, data encryption can be circumvented if you do not apply additional levels of protection to ensure the safety of your data.
  2. There is a limit on how much you can upload in a day:
    If you use Google Drive for business and intend to upload large files every day, you should be aware of the 750 GB daily upload restriction. If you surpass this limit, you will be unable to upload any additional content that day. This one is especially pertinent when evaluating the benefits and drawbacks of Google Photos. A service similar to Google Drive frequently uses larger files to transfer images or movies among users.
  3. File Size Limits:
    Aside from the daily upload limit, Google Drive has numerous other file size constraints. For example, when converting a text document to Google Docs, the maximum file size is 50 megabytes. The file size restriction for sheets is reduced to 20 MB, which can be problematic if you’re attempting to upload large sheets containing important business information.

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Why cloud storage is the better option:

In an era where digital information is critical, many asset organizations are increasingly using to store and exchange digital assets. functions as a centralized portal for managing numerous forms of digital assets, such as photographs, videos, documents, and more. It has a number of features that set it apart from simple cloud storage platforms such as Dropbox and Google. Here are three reasons why we believe is a superior option for organizations.

  • provides free, real-time document sharing as well as quick search features.
  • Its version control feature protects file integrity, which is especially important for enterprises that create iterative material.
  • frequently contains extensive collaboration features that enable numerous team members to work on the same digital asset. provides unique benefits:

1. Flowchart Solutions:

flowchart solutions
Integration Powerhouse:

Our platform allows you to simply connect to your current workflow by combining schematics from a range of popular systems, including Google Drive, Dropbox, OneDrive, GitHub, Google Workspace, Microsoft 365, Confluence, and JIRA.

This feature is useful for teams that use multiple tools for their work because it simplifies their workflow and saves them time.

Unmatched File Format Transformation:

Using, you can easily convert existing diagrams, charts, tables, UML diagrams, wireframes, layouts, Venn diagrams, network diagrams, engineering diagrams, and business diagrams to a more user-friendly format.

We created our platform to enable you to renew and modernize your old files while retaining their original information and structure.
These tools are extremely simple to use, allowing you to get started straight away without any technical knowledge or experience.

Import and export with ease:

To ensure optimal compatibility, import and export your diagrams in several file formats such as PNG, JPEG, SVG, PDF, HTML, and XML. CollabSuite: CollabSuite is an online program that allows you to work on papers, spreadsheets, presentations, and diagrams at the same time, either collaboratively or individually. Write or modify directly from a web browser or app. It’s ideal for teamwork since it allows numerous individuals to modify the same spreadsheet at the same time, regardless of location.

Work together, wherever you are:

Real-time co-editing: Edit documents, spreadsheets, presentations, and diagrams alongside your team. Changes appear instantaneously, and collaboration is smooth, regardless of location.

Free Online File Sharing: You may effortlessly share files with anyone within or outside your organization. Set access rights to limit who can see, modify, and download your files. You can track version history to see who made changes and when.

eShare CollabSuite
Unique Benefits:
  • Holistic file management includes advanced search, favorites management, and a tagging system.
  • Enhanced security features include customizable sharing choices with expiration dates and password protection.
  • Unified Integration: Manage files from multiple external storage providers using a single platform.
  • Real-Time Collaboration: Built-in chat allows for seamless conversation and feedback.
  • Detailed Activity Logs: Complete tracking and commenting on shared things.
  • Efficient Contact Management: Contact lists are centralized, searchable, and simply imported.
  • Dynamic scheduling includes customizable calendar views, shared events, and external calendar subscriptions.
  • Organized Task Tracking: Use sophisticated task management to stay on top of your to-do list. distinguishes itself by providing an integrated, secure, and highly collaborative environment that improves productivity and organization, surpassing the capabilities of Dropbox and Google Drive.

Who Should Get Enterprise?

Over a thousand teams use enterprise. Large teams come from a range of industries: tech companies, media publishers, healthcare, educational institutions, law firms and many more.

Here are some of’s notable customers.

eShare notable customers

As a result, is appropriate for a wide range of businesses. However, the size of the business that ought to buy Enterprise depends on your particular requirements.

You need to carefully consider your options. For instance, it makes sense to choose a free 5GB Data Storage plan, if your company is minimal and you don’t require anything special.

The best choice for a mid-to-large business searching for an advanced solution is Enterprise. It is quite appealing to have infinite storage.

There are various reasons why Enterprise could be necessary for your business:
1. You Require Sufficient Space for Storage:

You can have as much space as you need with corporate without having to buy actual hard drives or servers. Because cloud storage requires far less equipment, expenses are reduced.

Large files are also necessary for some businesses.

The issue at hand is to the infrequency of large file transfers over email. It may be necessary to set up an FTP server, compress files, or deliver them physically. All of these tasks can take a lot of time. However, you can obtain free worldwide access with limitless user options with’s tailored enterprise package.

2. You Employ Remote Workers:

There has been a long-term trend towards flexible or remote work. Naturally, the COVID-19 pandemic made the idea even more apparent to businesses as a must. Working with independent contractors or freelancers is also common.

Thus, for the majority of businesses, having a centralised information bank is essential. With Enterprise, you can fine-tune file organization so that everyone has access to the information they need to perform their duties well.


Based on the information offered,’s enterprise plan is a viable option in the field of safe, collaborative cloud storage and file sharing.

The enterprise package from includes a complete set of features designed specifically for enterprises that require secure, collaborative file-sharing solutions. With a focus on security and efficiency, enables smooth communication among team members while protecting sensitive data.

Before making a decision, carefully consider the features and benefits of’s enterprise plan, as well as competing services. Take advantage of our free trial to see firsthand how can improve your productivity and fulfill your organization’s needs.
Connect with today and experience the future of file management.

Comparison of Cloud Storage