Each storage type has its own set of pros and cons:
Cloud Storage:
Pros: Highly scalable, accessible from anywhere, and often comes with built-in security features. Cons: Can be expensive as you scale, and dependent on internet connectivity.
On-Premises Servers:
Pros: Complete control over your data, highly secure if managed properly. Cons: High maintenance costs, limited scalability.
Third-Party Platforms:
Pros: Easy to integrate, often user-friendly, and include multiple marketing tools. Cons: Limited customization, potential data privacy issues.
Localized Databases:
Pros: Low cost, easy to manage for small datasets. Cons: Not scalable, high risk of data loss.