Cloud Native Storage Market Forecasts to 2030 - Global Analysis By Component (Solutions and Services), Organization Size (Large Enterprises, Small and medium-sized enterprises (SMEs) and Other Organization Sizes), Deployment Type, End User and By Geography
Estimated Year Value (2023)
US $109.46 BN
Projected Year Value (2030)
US $425.41 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Cloud Native Storage Market is accounted for $109.46 billion in 2023 and is expected to reach $425.41 billion by 2030 growing at a CAGR of 21.4% during the forecast period. Cloud-native applications are built using micro services architecture and are designed to run and scale dynamically on cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, or Google Cloud Platform (GCP). Cloud native storage solutions are tailored to meet the unique requirements of these applications, which often need to scale horizontally, handle large volumes of data, and provide high availability and reliability. These solutions offer features like auto-scaling, data replication, distributed storage, data encryption, and seamless integration with cloud orchestration tools. The market for cloud native storage has grown rapidly with the increasing adoption of cloud-native application development.
According to IDC, by 2023, over 500 million digital apps and services will be developed and deployed using cloud-native approaches – the same as the number of apps developed in total over the last 40 years.
Automation in application updates
Businesses can build automated environments for continuous deployment and testing using cloud native architecture. Banks would tell consumers in advance of any projected downtime by publishing it on banking websites. Bank system updates used to be implemented every six months or so, and they used to be quite well planned out. In contrast, the majority of banking and financial apps with native cloud storage would probably be updated every week or even every day without the need to halt the service or alert users. The same technology that automates application provisioning and deployment serves as the basis for both the smooth upgrade procedure and the thorough testing.
Network use and latency difficulties with public cloud infrastructures
There are latency issues with the public cloud when storing and receiving data. Losing end-to-end network control when storing data in the public cloud, together with significant latency, can have a disruptive impact on how apps operate. Similar network troubles on the side of the cloud native storage provider could block storage solutions, which would ultimately cause work to stop and result in major losses for businesses. Other reasons for latency issues include low Internet speed, remote data center locations, and high network traffic. Additionally, a number of cloud storage providers enable users to create WAN lines to aid clients in eliminating latency issues. By utilizing such technologies and preventive measures, customers can lessen the detrimental consequences of latency issues on their business processes.
Greater data backup and recovery speed
Automation and adaptability in cloud native storage boost dependability, flexibility, and availability. If something goes wrong, automation in cloud native storage has the advantage of being able to quickly restore lost data without having to halt the service. Cloud native storage allows an easy introduction with block storage to manage information and contains features like cross-cluster disaster recovery, automatic updating, and volume encryption. This is essential across all verticals. Scalability and quick execution of data tasks are made possible by solutions for cloud native storage. Using cloud native storage solutions, organizations may automate the lifetime management of data layer components.
The complexity of cloud native notions
Cloud native technology, which is still in its initial stages, has been adopted more quickly thanks to the advent of Kubernetes, containers, and micro services. The micro services design promotes application fragmentation. The codebase is not significantly impacted by the deployment of such components. It has grown more difficult for more businesses to find qualified IT cloud professionals, nevertheless, given the speed at which technology is evolving. Businesses have slowed down their migration to the cloud in an effort to overcome this problem because it can be challenging to understand the foundations of cloud native technologies such as micro services, serverless, or containers without the help of a cloud expert.
Due to the global lockdown brought on by the COVID-19, many people were forced to work from home, which has fuelled the market's expansion. Businesses from many areas have started moving their workloads, storing their data, and building business continuity in the cloud because cloud native storage offers scalability, flexibility, and reliability at a cheap cost. As a result, compared to the pre-COVID-19 situation, a greater demand for file storage solutions is anticipated. During the analysis period, the COVID-19's effects are anticipated to have a significant positive impact on market growth.
The solutions segment is expected to be the largest during the forecast period
The solutions segment is expected to hold the largest share in the cloud native storage market during the forecast period. Utilizing cloud native storage solutions has several advantages. Scalability, availability, storage performance, consistency, durability, and dynamic deployment are all advantages of cloud native storage solutions. Cloud-native storage is easily scalable. It should be durable as well because it protects the data from any loss. Beyond accessibility, which is the system's ability to ensure that the data can be stored for a long time, it goes farther. Dynamic deployment is the ultimate test for cloud-native storage solutions that can be quickly installed or provisioned based on demand.
The telecommunications segment is expected to have the highest CAGR during the forecast period
The telecommunications segment is expected to have the highest CAGR during the forecast period in the Cloud Native Storage market. The telecommunications industry is adopting cloud native technology at a rapid rate. The public cloud and IT industries have long employed them, but the telecoms industry still faces some particular challenges. One is that apps need to be able to run on different infrastructures because the majority of service providers have specialized setups. The adoption of it will have an impact on one of the four main sectors, which is application design and development. The other sectors that will be affected include those related to control and coordination, procedures and methods of operation, and infrastructure and technology.
Region with largest share:
The market in North America is anticipated to hold the greatest share during the forecast period, which is due to the expansion of leading market participants' operations in the area's nations. Examples of products that Change Healthcare continues to pioneer in the healthcare industry's transition from on-premise imaging systems to cloud native, zero-footprint medical imaging solutions include Picture Archiving and Communication Systems (PACS) and related tools for both radiology and cardiology. More than 6 petabytes of the imaging data from Change Healthcare's existing hospital clients—more than 10% of the total—have already been uploaded to the cloud. Stratus Imaging Archive and Stratus Imaging Analytics are both currently operational in 45 hospitals and 73 enterprises, respectively.
Region with highest CAGR:
The Asia Pacific region is anticipated to develop faster than other regions during the projected period in the market for Cloud Native Storage, which is attributed to increasing government initiatives in countries in the region. For instance, figures show that China continues to spend more than the rest of the world on cloud infrastructure. In total, the mainland spent USD 7.3 billion on infrastructure in the first quarter of 2022, and it is anticipated that this sum will increase over the rest of the year. The top four cloud service providers in the nation—Alibaba Cloud, Huawei Cloud, Tencent Cloud, and Baidu AI Cloud—have remained the same. As a result, the region's expanding government activities are raising demand for cloud native storage, which is anticipated to propel market revenue growth.
Key players in the market:
Some of the key players in Cloud Native Storage Market include Alibaba Cloud, Amazon Web Services, Inc., Arrikto, AWS, Citrix, Dell Inc., Diamanti, Hewlett Packard Enterprise Development LP, Huawei, Ionir, Linbit, MayaData, Microsoft Corporation, Minio, NetApp, Ondat, Pure Storage, Inc., Rackspace and Robin.Io, Scality, Splunk, Suse, Tencent Cloud, The International Business Machines Corporation (IBM) and Trilio
In April 2023, HPE launched new file, block, disaster, recovery and backup data services to help customers in reducing cost and complexity, eliminating data silos, and improve performance
In March 2023, IBM entered into collaboration agreement with Wasabi, this collaboration aimed to allow businesses to drive data innovation across hybrid cloud environment
In May 2022, Microsoft Azure announced the general availability of backup for Write Accelerator-enabled disks. Azure customers widely use these disks with M-Series Virtual Machines (VMs) to improve the I/O latency of writes against Azure Premium Storage. Azure Backup has offered backup support for such disks to enrolled customers as part of the preview
In February 2022, IBM unveiled IBM Flash System Cyber Vault to help companies detect and recover quickly from ransom ware and other cyber attacks. The company also announced new Flash System storage models based on IBM Spectrum Virtualizes to provide a single and consistent operating environment designed to increase cyber resilience and application performance within a hybrid cloud environment
Organization Sizes Covered:
• Large Enterprises
• Small and medium-sized enterprises (SMEs)
• Other Organization Sizes
Deployment Types Covered:
• Public Cloud
• Private Cloud
• Hybrid Cloud
• Other Deployment Types
End Users Covered:
• Banking, Financial Services, & Insurance
• Healthcare & Life Sciences
• IT & ITeS
• Energy & Utilities
• Media & Entertainment
• Retail & Consumer Goods
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cloud Native Storage Market, By Component
5.2.1 File Storage
5.2.2 Block Storage
5.2.3 Object Storage
5.3.2 Integration and Implementation
5.3.3 Training, Support and Maintenance
6 Global Cloud Native Storage Market, By Organization Size
6.2 Large Enterprises
6.3 Small and medium-sized enterprises (SMEs)
6.4 Other Organization Sizes
7 Global Cloud Native Storage Market, By Deployment Type
7.2 Public Cloud
7.3 Private Cloud
7.4 Hybrid Cloud
7.5 Other Deployment Types
8 Global Cloud Native Storage Market, By End User
8.2 Banking, Financial Services, & Insurance
8.4 Healthcare & Life Sciences
8.6 IT & ITeS
8.8 Energy & Utilities
8.9 Media & Entertainment
8.10 Retail & Consumer Goods
8.11 Other End Users
9 Global Cloud Native Storage Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Alibaba Cloud
11.2 Amazon Web Services, Inc.
11.6 Dell Inc.
11.8 Hewlett Packard Enterprise Development LP
11.13 Microsoft Corporation
11.17 Pure Storage, Inc.
11.18 Rackspace and Robin.Io
11.22 Tencent Cloud
11.23 The International Business Machines Corporation (IBM)
List of Tables
1 Global Cloud Native Storage Market Outlook, By Region (2021-2030) ($MN)
2 Global Cloud Native Storage Market Outlook, By Component (2021-2030) ($MN)
3 Global Cloud Native Storage Market Outlook, By Solutions (2021-2030) ($MN)
4 Global Cloud Native Storage Market Outlook, By File Storage (2021-2030) ($MN)
5 Global Cloud Native Storage Market Outlook, By Block Storage (2021-2030) ($MN)
6 Global Cloud Native Storage Market Outlook, By Object Storage (2021-2030) ($MN)
7 Global Cloud Native Storage Market Outlook, By Services (2021-2030) ($MN)
8 Global Cloud Native Storage Market Outlook, By Consulting (2021-2030) ($MN)
9 Global Cloud Native Storage Market Outlook, By Integration and Implementation (2021-2030) ($MN)
10 Global Cloud Native Storage Market Outlook, By Training, Support and Maintenance (2021-2030) ($MN)
11 Global Cloud Native Storage Market Outlook, By Organization Size (2021-2030) ($MN)
12 Global Cloud Native Storage Market Outlook, By Large Enterprises (2021-2030) ($MN)
13 Global Cloud Native Storage Market Outlook, By Small and medium-sized enterprises (SMEs) (2021-2030) ($MN)
14 Global Cloud Native Storage Market Outlook, By Other Organization Sizes (2021-2030) ($MN)
15 Global Cloud Native Storage Market Outlook, By Deployment Type (2021-2030) ($MN)
16 Global Cloud Native Storage Market Outlook, By Public Cloud (2021-2030) ($MN)
17 Global Cloud Native Storage Market Outlook, By Private Cloud (2021-2030) ($MN)
18 Global Cloud Native Storage Market Outlook, By Hybrid Cloud (2021-2030) ($MN)
19 Global Cloud Native Storage Market Outlook, By Other Deployment Types (2021-2030) ($MN)
20 Global Cloud Native Storage Market Outlook, By End User (2021-2030) ($MN)
21 Global Cloud Native Storage Market Outlook, By Banking, Financial Services, & Insurance (2021-2030) ($MN)
22 Global Cloud Native Storage Market Outlook, By Government (2021-2030) ($MN)
23 Global Cloud Native Storage Market Outlook, By Healthcare & Life Sciences (2021-2030) ($MN)
24 Global Cloud Native Storage Market Outlook, By Telecommunication (2021-2030) ($MN)
25 Global Cloud Native Storage Market Outlook, By IT & ITeS (2021-2030) ($MN)
26 Global Cloud Native Storage Market Outlook, By Manufacturing (2021-2030) ($MN)
27 Global Cloud Native Storage Market Outlook, By Energy & Utilities (2021-2030) ($MN)
28 Global Cloud Native Storage Market Outlook, By Media & Entertainment (2021-2030) ($MN)
29 Global Cloud Native Storage Market Outlook, By Retail & Consumer Goods (2021-2030) ($MN)
30 Global Cloud Native Storage Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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