As per Intent Market Research, the Cloud Native Storage Market was valued at USD 15.3 billion in 2023 and will surpass USD 64.1 billion by 2030; growing at a CAGR of 22.7% during 2024 - 2030. This robust growth is driven by the increasing adoption of cloud services, advancements in storage technologies, and a heightened focus on data security and compliance. As organizations embrace digital transformation initiatives, the demand for cloud native storage solutions is expected to continue its upward trajectory, making it a pivotal segment in the broader cloud computing landscape.
The Cloud Native Storage Market is rapidly evolving as businesses transition towards digital solutions that support scalable, efficient, and resilient data management. With the exponential growth of data and the increasing demand for seamless data access and management, cloud native storage solutions are gaining traction among organizations of all sizes. This market is characterized by a shift from traditional storage systems to modern architectures that enable agility, automation, and integration with cloud-native applications. As businesses strive to improve operational efficiency and reduce costs, the cloud native storage market is poised for substantial growth.
Object Storage Segment is Largest Owing to Its Scalability and Flexibility
Among the various subsegments of the Cloud Native Storage Market, object storage is the largest, primarily due to its scalability and flexibility in managing unstructured data. Object storage systems can handle vast amounts of data, making them ideal for applications that require extensive storage capacity, such as multimedia content, big data analytics, and backup solutions. This scalability allows organizations to efficiently store and retrieve data without the complexities associated with traditional file systems.
Additionally, object storage integrates seamlessly with cloud-native applications, providing developers with the agility they need to build and deploy applications quickly. As organizations increasingly leverage cloud services, the adoption of object storage is expected to surge, driven by its ability to accommodate diverse workloads and data types. This trend is further reinforced by the growing popularity of Internet of Things (IoT) applications, which generate large volumes of data that need to be stored efficiently and cost-effectively.
Block Storage Segment is Fastest Growing Owing to Its High Performance
The block storage segment within the Cloud Native Storage Market is the fastest growing, primarily due to its high performance and low latency characteristics. Block storage is particularly favored for applications that demand rapid data access, such as databases, virtual machines, and enterprise applications. The ability to deliver consistent performance at scale makes block storage an attractive solution for businesses that prioritize speed and reliability in their operations.
As organizations increasingly migrate to cloud environments, the need for high-performance storage solutions is becoming more pronounced. The rise of data-intensive applications and the expansion of hybrid cloud environments are driving the adoption of block storage solutions. Additionally, advancements in storage technologies, such as solid-state drives (SSDs), are further enhancing the performance capabilities of block storage, making it a preferred choice for organizations looking to optimize their cloud infrastructure.
File Storage Segment is Largest Owing to Its Compatibility with Existing Applications
In the realm of file storage, this segment remains the largest owing to its compatibility with existing applications and ease of integration. File storage systems utilize a hierarchical structure that allows users to store data in files and folders, making it a familiar and straightforward option for businesses transitioning to cloud-native environments. The compatibility with legacy systems ensures that organizations can leverage their existing infrastructure while benefiting from the agility of cloud-based storage solutions.
The growth of the file storage segment is also driven by the increasing need for collaborative applications, where multiple users need to access and share files in real time. As remote work and distributed teams become the norm, businesses are turning to cloud-native file storage solutions to facilitate collaboration and improve productivity. Furthermore, the integration of advanced features such as version control, access management, and automated backups enhances the appeal of file storage solutions in the cloud native landscape.
The North American Region is Largest Owing to Its Technological Advancements
The North American region holds the largest share in the Cloud Native Storage Market, primarily due to its technological advancements and early adoption of cloud solutions. The presence of major cloud service providers, along with a robust IT infrastructure, has fostered an environment conducive to the growth of cloud native storage solutions. Companies in this region are investing significantly in cloud technologies to enhance operational efficiency and gain a competitive edge.
Additionally, the increasing focus on data security and compliance regulations is propelling the demand for cloud native storage solutions in North America. Organizations are seeking solutions that can provide enhanced data protection, scalability, and seamless integration with their existing applications. As businesses continue to prioritize digital transformation initiatives, the North American region is expected to maintain its dominance in the cloud native storage market throughout the forecast period.
Competitive Landscape and Leading Companies
The competitive landscape of the Cloud Native Storage Market is characterized by the presence of several key players striving to innovate and differentiate their offerings. The top ten companies in this space include:
- Amazon Web Services (AWS): A pioneer in cloud computing, AWS offers a comprehensive range of cloud storage services, including Amazon S3 and Elastic Block Store, catering to diverse storage needs.
- Microsoft Azure: Azure provides robust cloud storage solutions, such as Azure Blob Storage and Azure Files, known for their scalability and integration with Microsoft applications.
- Google Cloud Platform: Google’s cloud storage services, including Google Cloud Storage and Persistent Disk, emphasize performance and security, making them popular among enterprises.
- IBM Cloud: IBM’s cloud storage solutions, such as IBM Cloud Object Storage, focus on providing flexible and cost-effective storage options for businesses of all sizes.
- Dell Technologies: With offerings like Dell EMC Elastic Cloud Storage, Dell Technologies focuses on hybrid cloud solutions that cater to both traditional and cloud-native applications.
- Oracle Cloud: Oracle’s cloud storage solutions are designed to support enterprise applications and databases, emphasizing performance and reliability.
- NetApp: Known for its data management solutions, NetApp offers cloud storage options that integrate seamlessly with public and private clouds.
- Alibaba Cloud: Alibaba provides a wide range of cloud storage services, including Object Storage Service (OSS), targeting businesses in Asia and beyond.
- Hewlett Packard Enterprise (HPE): HPE’s cloud storage solutions focus on hybrid cloud environments, enabling businesses to manage their data across multiple platforms.
- Wasabi Technologies: A newer entrant, Wasabi offers a cost-effective cloud storage solution aimed at high-performance and high-capacity storage needs.
The competitive landscape is marked by strategic partnerships, technological innovations, and a focus on enhancing customer experience. As the Cloud Native Storage Market continues to expand, companies are investing in research and development to introduce advanced features and improve the overall efficiency of their storage solutions. The increasing demand for cloud-native applications and the need for secure, scalable storage options are driving companies to refine their offerings and strengthen their market positions.
Report Objectives
The report will help you answer some of the most critical questions in the Cloud Native Storage Market. A few of them are as follows:
- What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
- What are the prevailing technology trends in the cloud native storage market?
- What is the size of the cloud native storage market based on segments, sub-segments, and regions?
- What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa?
- What are the market opportunities for stakeholders after analyzing key market trends?
- Who are the leading market players and what are their market share and core competencies?
- What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
- What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?
Report Scope:
Report Features |
Description |
Market Size (2023) |
USD 15.3 billion |
Forecasted Value (2030) |
USD 64.1 billion |
CAGR (2024 – 2030) |
22.7% |
Base Year for Estimation |
2023 |
Historic Year |
2022 |
Forecast Period |
2024 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Cloud Native Storage Market By Offering (Solutions, Services), By Deployment Mode (Public, Private), By Application (Backup & Recovery, Data Archiving, Big Data & Analytics, Content Delivery & Distribution, Database Storage Management), By End-Use (Banking, Financial Services, & Insurance (BFSI), IT & ITeS, Healthcare & Life Sciences, Telecom, Government & Public Sector, Manufacturing, Media & Entertainment, Energy & Utilities, Retail & Consumer Goods), |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Spain, Italy & Rest of Europe), Asia Pacific (China, Japan, South Korea, India, and Rest of Asia Pacific), Latin America (Brazil, Argentina, & Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA) |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1.Introduction |
1.1.Market Definition |
1.2.Scope of the Study |
1.3.Research Assumptions |
1.4.Study Limitations |
2.Research Methodology |
2.1.Research Approach |
2.1.1.Top-Down Method |
2.1.2.Bottom-Up Method |
2.1.3.Factor Impact Analysis |
2.2.Insights & Data Collection Process |
2.2.1.Secondary Research |
2.2.2.Primary Research |
2.3.Data Mining Process |
2.3.1.Data Analysis |
2.3.2.Data Validation and Revalidation |
2.3.3.Data Triangulation |
3.Executive Summary |
3.1.Major Markets & Segments |
3.2.Highest Growing Regions and Respective Countries |
3.3.Impact of Growth Drivers & Inhibitors |
3.4.Regulatory Overview by Country |
4.Cloud Native Storage Market, by Offering (Market Size & Forecast: USD Million, 2022 – 2030) |
4.1.Solutions |
4.1.1.File Storage |
4.1.2.Object Storage |
4.1.3.Block Storage |
4.2.Services |
4.2.1.System Integration & Implementation Services |
4.2.2.Training & Consulting Services |
4.2.3.Support & Maintenance |
5.Cloud Native Storage Market, by Deployment Mode (Market Size & Forecast: USD Million, 2022 – 2030) |
5.1.Public Cloud |
5.2.Private Cloud |
6.Cloud Native Storage Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
6.1.Backup & Recovery |
6.2.Data Archiving |
6.3.Big Data & Analytics |
6.4.Content Delivery & Distribution |
6.5.Database Storage Management |
6.6.Other Applications |
7.Cloud Native Storage Market, by End-Use (Market Size & Forecast: USD Million, 2022 – 2030) |
7.1.Banking, Financial Services, & Insurance (BFSI) |
7.2.IT & ITeS |
7.3.Healthcare & Life Sciences |
7.4.Telecom |
7.5.Government & Public Sector |
7.6.Manufacturing |
7.7.Media & Entertainment |
7.8.Energy & Utilities |
7.9.Retail & Consumer Goods |
7.10.Other Verticals |
8.Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
8.1.Regional Overview |
8.2.North America |
8.2.1.Regional Trends & Growth Drivers |
8.2.2.Barriers & Challenges |
8.2.3.Opportunities |
8.2.4.Factor Impact Analysis |
8.2.5.Technology Trends |
8.2.6.North America Cloud Native Storage Market, by Offering |
8.2.7.North America Cloud Native Storage Market, by Deployment Mode |
8.2.8.North America Cloud Native Storage Market, by End-Use |
*Similar segmentation will be provided at each regional level |
8.3.By Country |
8.3.1.US |
8.3.1.1.US Cloud Native Storage Market, by Offering |
8.3.1.2.US Cloud Native Storage Market, by Deployment Mode |
8.3.1.2.US Cloud Native Storage Market, by End-Use |
8.3.2.Canada |
8.3.3.Mexico |
*Similar segmentation will be provided at each country level |
8.4.Europe |
8.5.APAC |
8.6.Latin America |
8.7.Middle East & Africa |
9.Competitive Landscape |
9.1.Overview of the Key Players |
9.2.Competitive Ecosystem |
9.2.1.Platform Manufacturers |
9.2.2.Subsystem Manufacturers |
9.2.3.Service Providers |
9.2.4.Software Providers |
9.3.Company Share Analysis |
9.4.Company Benchmarking Matrix |
9.4.1.Strategic Overview |
9.4.2.Product Innovations |
9.5.Start-up Ecosystem |
9.6.Strategic Competitive Insights/ Customer Imperatives |
9.7.ESG Matrix/ Sustainability Matrix |
9.8.Manufacturing Network |
9.9.1.Locations |
9.9.2.Supply Chain and Logistics |
9.9.3.Product Flexibility/Customization |
9.9.4.Digital Transformation and Connectivity |
9.9.5.Environmental and Regulatory Compliance |
9.9.Technology Readiness Level Matrix |
9.10.Technology Maturity Curve |
9.11.Buying Criteria |
10.Company Profiles |
10.1.Alibaba Cloud |
10.1.1.Company Overview |
10.1.2.Company Financials |
10.1.3.Product/Service Portfolio |
10.1.4.Recent Developments |
10.1.5.IMR Analysis |
*Similar information will be provided for other companies |
10.2.Google |
10.3.VMWare |
10.4.Tencent Cloud |
10.5.Microsoft |
10.6.IBM |
10.7.Amazon Web Service |
10.8.HP Enterprise |
10.9.Oracle |
10.10.Dell |
11.Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Cloud Native Storage Market. In the process, the analysis was also done to estimate the parent market and relevant adjacencies to measure the impact of them on the cloud native storage market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the cloud native storage ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Estimation
A combination of top-down and bottom-up approaches was utilized to estimate the overall size of the cloud native storage market. These methods were also employed to estimate the size of various subsegments within the market. The market size estimation methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size estimates, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size estimates.
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