Cloud Native Storage Market worth $79.38 billion by 2030, growing at a CAGR of 23.97% - Exclusive Report by 360iResearch

The "Cloud Native Storage Market by Component (Services, Solutions), Organization Size (Large Enterprises, SMEs), Deployment Type, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Cloud Native Storage Market to grow from USD 17.63 billion in 2023 to USD 79.38 billion by 2030, at a CAGR of 23.97%.

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The cloud native storage market encompasses the solutions, services, and technologies designed to address the unique requirements of modern applications built on containerized architectures, microservices, serverless computing, and other cloud-native paradigms. These storage systems are inherently scalable, highly available, and optimized for high performance in dynamic environments. Cloud native storage systems cater to various applications across different industry verticals, which support both stateful and stateless applications that require varying levels of data persistence, ranging from simple file serving to complex database management systems. Several factors are driving the growth of the cloud native storage market, including digital transformation initiatives, an increase in containerized workloads, a rise in multi-cloud deployments, and higher requirements for data security and compliance. Data migration complexities, skill gaps, and talent shortages created challenges for market growth. Along with these, security vulnerabilities and privacy risks associated with hosting sensitive data in third-party infrastructure are other factors that challenge the development of the cloud native storage market. However, innovation in AI-driven data management, along with developing solutions that help customers navigate complex regulatory landscapes, is enabling players to capitalize on the cloud native storage market's potential.

The United States has remained one of the major countries to hold a significant share of the cloud native storage market due to its well-established IT infrastructure, early adoption of cloud technologies, higher spending on research & development activities, and presence of key players. Canada is also witnessing significant growth in this sector, driven by an expanding startup ecosystem and government initiatives supporting technological innovation. The European Union (EU) countries are embracing cloud native storage solutions, with major countries such as Germany, France, and the United Kingdom witnessing strategic development. The EU's General Data Protection Regulation (GDPR) has prompted organizations to adopt advanced storage technologies that ensure data security and compliance. Additionally, European research projects such as H2020-ICT and EuroHPC Joint Undertaking are fostering collaboration between industry and academia to drive innovation in cloud-native storage solutions. Middle Eastern countries such as the United Arab Emirates (UAE), Saudi Arabia, and Israel are investing heavily in digital transformation efforts. They leverage cloud native storage to facilitate faster application development cycles while maintaining data security and compliance with local regulations. Asia-Pacific presents lucrative opportunities for cloud native storage providers owing to rapid economic growth and an ever-increasing data generation from various sectors such as e-commerce, telecommunication, and government initiatives towards digital transformation. The increasing investments in IT infrastructure and the growing presence of global cloud service providers in the region drive the adoption of cloud native storage solutions. Additionally, increasing focus on data localization laws, particularly in countries such as China and India, further boost the demand for locally available storage solutions, providing a significant push to the overall market growth.

Market Segmentation & Coverage:

This research report categorizes the Cloud Native Storage Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solutions. The Services is further studied across Consulting, Integration & Implementation, and Training, Support & Maintenance. The Solutions is further studied across Block Storage, File Storage, and Object Storage. The Solutions commanded largest market share of 66.17% in 2023, followed by Services.

Based on Organization Size, market is studied across Large Enterprises and SMEs. The Large Enterprises commanded largest market share of 82.38% in 2023, followed by SMEs.

Based on Deployment Type, market is studied across Private Cloud and Public Cloud. The Public Cloud commanded largest market share of 71.49% in 2023, followed by Private Cloud.

Based on Vertical, market is studied across Banking, Financial Services, & Insurance, Energy & Utilities, Government, Healthcare & Life Sciences, IT & Telecommunication, Manufacturing, Media & Entertainment, and Retail & Consumer Goods. The IT & Telecommunication commanded largest market share of 26.05% in 2023, followed by Banking, Financial Services, & Insurance.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.45% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Cloud Native Storage Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Cloud Native Storage Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Cloud Native Storage Market, highlighting leading vendors and their innovative profiles. These include Adobe Inc., Alibaba Cloud International by Alibaba Group Holding Limited, Amazon Web Services, Inc., Arrikto Inc., Atos SE, Cisco Systems, Inc., Cloudian Inc., DataCore Software Corporation, Dell Technologies Inc., Diamanti, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Hyland Software, Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, LINBIT HA-Solutions GmbH, Microsoft Corporation, MinIO, Inc., NetApp, Inc., NVIDIA Corporation, Oracle Corporation, Pure Storage Inc., Rackspace Technology, Inc., Rakuten Group, Inc., Scality Inc., SUSE S.A., Tata Consultancy Services Limited, Tencent Holdings Ltd., UpCloud Oy, Veritas Technologies LLC, VMware, Inc. by Broadcom Inc., and Wipro Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cloud Native Storage Market, by Component
7. Cloud Native Storage Market, by Organization Size
8. Cloud Native Storage Market, by Deployment Type
9. Cloud Native Storage Market, by Vertical
10. Americas Cloud Native Storage Market
11. Asia-Pacific Cloud Native Storage Market
12. Europe, Middle East & Africa Cloud Native Storage Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Cloud Native Storage Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cloud Native Storage Market?
3. What is the competitive strategic window for opportunities in the Cloud Native Storage Market?
4. What are the technology trends and regulatory frameworks in the Cloud Native Storage Market?
5. What is the market share of the leading vendors in the Cloud Native Storage Market?
6. What modes and strategic moves are considered suitable for entering the Cloud Native Storage Market?

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