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Growing Adoption Of Hybrid And Multi-Cloud Strategies Fuels Cloud-Native Storage Market Growth Driver: A Major Catalyst in the Evolution of the Cloud Native Storage Market in 2025
Cloud Native Storage Market Size
The escalating trend towards hybrid and multi-cloud strategies is projected to spur the expansion of the cloud-native storage market. These strategies comprise the use of a range of cloud services, like public and private clouds, from various providers to fulfill diverse business requirements. The uptake of these strategies has risen due to a combination of efficient processes and factors that cater to the changing demands of businesses, organizations, and individuals. Cloud-native storage plays a crucial role in these strategies, equipping organizations with the needed flexibility, scalability, and resilience to handle data across varied cloud environments. For example, Cloudzero, a software-as-a-service company based in the US, published reports in December 2023 indicating that the majority of organizations will deploy a hybrid cloud in 2022 (39%), marking a 3% increase from the preceding year (36% in 2021). Consequently, the surging adoption of hybrid and multi-cloud strategies is fuelling the expansion of the cloud-native storage market.
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What is the projected compound annual growth rate (CAGR) of the cloud native storage market from 2025 to 2034, and what factors influence it?
The scale of the cloud native storage market has seen considerable growth in the recent past. It is anticipated to expand from $24.05 billion in 2024 to $29.25 billion in 2025, accounting for a compound annual growth rate (CAGR) of 21.6%. The proliferation of data, the growing trend towards containerization, improved cost efficiency, superior flexibility and scalability, and the increased implementation of API-driven architectures are all critical factors driving the growth witnessed in the historical period.
The size of the cloud native storage market is predicted to expand significantly in the forthcoming years. The growth projections estimate the market value at $62.67 billion in 2029, with a compound annual growth rate (CAGR) of 21.0%. Facilitating this growth during the forecast period includes a rise in edge computing, more multi-cloud adoption, enhancement in security and compliance requisites, and an increased focus on performance optimization. The forecast period is also expected to witness certain trends like hybrid cloud solutions, increased adoption of cloud technologies, enhanced data management, orchestration tools, persistent storage for stateful applications, and security-centric storage solutions.
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What are the emerging trends shaping the future of the cloud native storage market?
Leading firms in the cloud-native storage market are focusing on pioneering developments such as solarwinds observability, a novel cloud-native SaaS observability platform. This platform encompasses various tools designed to aid businesses supervise and handle their IT infrastructure, applications, and services proficiently. For example, in October 2022, SolarWinds Worldwide LLC, a network monitoring company headquartered in the US, announced the launch of SolarWinds Observability, a cloud-native software-as-a-service platform. It offers unified and detailed visibility for modern, distributed, hybrid, and multi-cloud IT surroundings. It merges observability solutions for networks, infrastructure, systems, applications, databases, digital experiences, and log monitoring into a single comprehensive solution across private and public clouds. This platform assists in addressing the transition to the cloud, hybrid IT, and remote staff, offering visibility into the complete environment both in public and private clouds. It is tailor-made for IT Ops and DevOps teams, developers, cloud architects, and IT executives.
What are the major segments of the cloud native storage market and their role in driving growth?
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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Which regions are key players in the growth of the cloud native storage market?
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.
Who are the key firms paving the way for growth in the cloud native storage market?
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.
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What Is Covered In The Cloud Native Storage Global Market Report?
• Market Size Forecast: Examine the cloud native storage market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud native storage market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud native storage market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud native storage market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud native storage market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud native storage market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud native storage market.
• Competitive Landscape: Review strategic developments in the cloud native storage market, including expansions, agreements, and new product launches.
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