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Major Market Shift in Cloud Native Storage Industry: Innovative Advancements In Cloud-Native Storage Market
Cloud Native Storage Market
The cloud-native storage market has seen significant growth. It will rise from $24.05 billion in 2024 to $29.25 billion in 2025, with a CAGR of 21.6%. The increase in data volume, containerization trends, cost efficiency, enhanced flexibility, and scalability of API-driven architectures contribute to this expansion.
The cloud native storage market is projected to experience significant growth in the coming years, reaching $62.67 billion by 2029, with a compound annual growth rate (CAGR) of 21.0%. This growth is driven by factors such as the rise of edge computing, increased multi-cloud adoption, growing security and compliance demands, and a focus on performance optimization. Key trends include hybrid cloud solutions, cloud technology adoption, data management tools, persistent storage for stateful applications, and security-driven storage solutions.
What Factors Are Propelling the Expansion of the Cloud Native Storage Market?
The increasing use of hybrid and multi-cloud strategies is expected to drive the cloud-native storage market. Hybrid and multi-cloud strategies involve using multiple cloud services from different providers to meet various business needs. These strategies are gaining popularity as they offer flexibility and address evolving business requirements. Cloud-native storage supports hybrid and multi-cloud strategies by providing the scalability and resilience needed to manage data across different cloud environments. For example, a December 2023 report by Cloudzero stated that 39% of organizations planned to deploy a hybrid cloud in 2022, a 3% increase from the previous year. As a result, the growing adoption of hybrid and multi-cloud strategies is contributing to the growth of the cloud-native storage market.
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Which Businesses Are at the Forefront of Cloud Native Storage Market Development?
Major companies operating in the cloud native storage market are Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corporation, Google Cloud Platform, VMware Inc., NetApp Inc., Citrix Systems Inc., Nexenta Inc., Pure Storage Inc., Longhorn Inc., Scality Inc., DataCore Software Corp., StorCentric Inc., Zadara Storage Inc., Diamanti Inc., Rookout Inc., Kasten Inc., Tiger Technology Ltd., Robin.io Inc., MinIO Inc., WekaIO Inc., Quobyte Inc., Portworx Inc., OpenEBS Inc.
What Are the Latest Innovations in the Cloud Native Storage Market?
In the cloud-native storage market, companies are focusing on advancements like SolarWinds Observability, a new cloud-native SaaS observability platform. In October 2022, SolarWinds Worldwide LLC, a US-based network monitoring company, launched this platform to offer unified visibility for distributed, hybrid, and multi-cloud IT environments. The platform provides insights across networks, infrastructure, systems, and applications, supporting modern cloud operations for IT and DevOps teams.
How Is the Cloud Native Storage Market Segmented?
The cloud native storage market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Application: Backup And Recovery, Content Delivery, Big Data And Analytics, Data Archiving, Database Storage Management, Other Applications
4) By End-Use Industry: Banking, Financial Services And Insurance, Information Technology And Telecom, Healthcare, Retail And Consumer Goods, Manufacturing, Government, Energy And Utilities, Media And Entertainment, Other End-users
Subsegments:
1) By Solution: Storage Management Solutions, Data Protection And Backup Solutions, File Storage Solutions, Block Storage Solutions, Object Storage Solutions
2) By Services: Consulting Services, Integration Services, Managed Services, Support And Maintenance Services
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Where Is the Cloud Native Storage Market Growth Most Prominent?
North America was the largest region in the cloud native storage market in 2024. The regions covered in the cloud native storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cloud Native Storage Global Market Report?
- Market Size Analysis: Analyze the Cloud Native Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Native Storage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Native Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Native Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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