Cloud Native Storage Market projected to reach $100.09 billion by 2032, driven by digital transformation

From GlobeNewswire: 2025-01-31 10:00:00

The Cloud Native Storage Market was valued at USD 16.19 Billion in 2023 and is projected to reach USD 100.09 Billion by 2032, growing at a CAGR of 22.5%. Adoption is driven by digital transformation and data growth, with cloud-native technologies offering scalability and automation. Major players include Microsoft, IBM, AWS, Google, and Alibaba Cloud.

In the Cloud Native Storage Market, the Public Cloud segment contributed 68% of revenue in 2023, driven by flexible and cost-efficient storage solutions. The Private Cloud segment is growing at a CAGR of 23.44%, offering secure storage options. Media & Entertainment holds the largest revenue share, while BFSI is poised for significant growth due to regulatory requirements.

North America leads the Cloud Native Storage Market with a 37% market share in 2023, driven by cloud technology adoption and the presence of major players. The Asia Pacific region is expected to grow at the fastest pace, with a projected CAGR of 24.06% during the forecast period. The APAC region sees growth in cloud-native storage due to digitalization and mobile internet penetration. Companies like Alibaba Cloud and TCS lead with scalable solutions for large data volumes. Recent developments include Microsoft’s Azure Elastic SAN service enhancements and AWS opening a new region in Israel. Market analysis covers key points like research methodology, competitive landscape, and regional analysis. SNS Insider offers consulting services for market assessment and competitive benchmarking.



Read more at GlobeNewswire: Cloud Native Storage Market to Exceed USD 100.09B by 2032