Cloud Native Storage Market to Surpass USD 70.99 billion by 2030 | Automation and Orchestration Capabilities Become Essential for Managing Storage Resources in Dynamic Cloud-Native Environments

Cloud Native Storage Market Scope and Overview:

Revolutionizing Storage Management for Modern Cloud Environments, The increasing complexity of modern applications, coupled with dynamic cloud-native environments, has propelled the Cloud Native Storage Market's growth trajectory.

The SNS Insider report unveils a thriving Cloud Native Storage Market valued at USD 13.8 billion in 2022, set to soar to a projected market size of USD 70.99 billion by 2030. This exponential growth, estimated at a compound annual growth rate (CAGR) of 22.72% from 2023 to 2030, reflects the escalating demand for storage solutions tailored explicitly for cloud-native environments.

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Major Key Players Included are:

• AWS
• Google
• IBM
• Alibaba Cloud
• VMWare
• Huawei
• Microsoft
• Citrix
• Tencent Cloud
• Scality
• Diamanti
• Splunk
• Arrikto
• Rackspace
• Robin.Io
• MayaData
• Minio
• Rook
• Trilio
• Ondat
• Ionir
• Upcloud
• Linbit
• Others

Market scope:

Cloud-native environments, driven by concepts like cloud computing, containerization, serverless architectures, and microservices, have birthed a specific necessity: cloud-native storage. These storage platforms, designed for Kubernetes and other cloud-native infrastructures, address ongoing data storage concerns and offer efficient data management for domain-specific applications. Leveraging block storage, conventional disk drives, or object storage solutions within distributed architectures, they ensure adaptability and scalability in a rapidly evolving landscape.

Market Analysis:

The Cloud Native Storage Market thrives on key factors reshaping the technological landscape. The surge in data volume across enterprises drives the need for agile, efficient storage solutions. As applications evolve to meet dynamic user demands, cloud-native storage emerges as a seamless integration point, offering scalability, resilience, and performance, surpassing traditional storage systems. Kubernetes adoption, witnessing rapid growth, amplifies the importance of addressing ongoing operations and management at scale. This necessitates tools to alleviate complexities associated with Kubernetes-based workloads, creating a ripe environment for cloud-native storage providers to innovate. In recent years, the evolution of cloud-native approaches has revolutionized software applications' creation and management. Among these innovative methodologies, the emergence of cloud-native storage solutions has garnered substantial attention, poised to reshape the future of data storage and management.

Segments Dynamics:

Within the market segments, solutions outpace services, offering unstructured data storage without the scaling issues of traditional file storage. Large enterprises spearhead the adoption of cloud-native storage, leveraging the advantages of rapid technology adoption and lower associated costs. The Banking, Financial Services, and Insurance (BFSI) sector notably lead the verticals, capitalizing on secure, scalable, and highly available storage solutions that integrate seamlessly with modern cloud infrastructure.

Market Segmentation and Sub-Segmentation included are:
By Component
• Solutions
• Services

By Deployment
• Public Cloud
• Private Cloud

By Organization Size
• Large Enterprises
• SMEs

By Verticals
• Banking, Financial Services, & Insurance
• Government
• Healthcare & Life Sciences
• Telecommunication
• IT & ITeS
• Manufacturing
• Energy & Utilities
• Media & Entertainment
• Retail & Consumer Goods
• Other Verticals

Regional Insights:

North America leads the charge in embracing cloud-native storage solutions, leveraging technologies for scalability, agility, and resilience. The region's focus on leveraging cloud-based platforms and containerization optimizes data handling, ensuring high availability and disaster recovery capabilities.
Meanwhile, the Asia Pacific region, propelled by substantial investments in cloud infrastructure, is poised for the fastest CAGR. Notably, China's substantial investment in cloud technology substantiates this region's growth potential.

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Key Takeaways from the Cloud Native Storage Market Study:

- Cloud-native storage solutions witness exponential growth, projected to surpass USD 70.99 billion by 2030.
- Scalability, resilience, and seamless integration with modern applications drive the market's evolution.
- North America leads in embracing cloud-native storage, while the Asia Pacific region displays significant growth potential.

Recent Developments:

- In June 2022, Splunk's collaboration with JupiterOne aims to enhance compliance assessments and unify cyber asset management.
- Alibaba Group's partnership with STC seeks to bolster Saudi Arabia's technology solutions and services ecosystem.

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Table of Contents - Major Key Points:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Cloud Native Storage Market Segmentation, By Components
9. Cloud Native Storage Market Segmentation, By Deployment
10. Cloud Native Storage Market Segmentation, By Organizational Size
11. Cloud Native Storage Market Segmentation, By Verticals
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion

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