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Future of the Cloud Native Storage Market: Strategic Analysis and Forecast to 2034
Cloud Native Storage Market
Cloud Native Storage Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The scale of the cloud native storage market has seen substantial expansion in recent years. The market is projected to escalate from $24.05 billion in 2024 to $29.25 billion in 2025, registering a compound annual growth rate (CAGR) of 21.6%. This substantial evolution during the historic period is ascribed to factors such as a surge in data proliferation, a rising trend in containerization, improved cost-effectiveness, enhanced flexibility and scalability, along with API-driven architectures.
Cloud Native Storage Market Size Forecast: What's the Projected Valuation by 2029?
Predictions suggest a meteoric rise in the cloud native storage market size in the upcoming years. The market is projected to reach a whopping $62.67 billion by 2029, with a compound annual growth rate (CAGR) of 21.0%. The acceleration during the forecast period can be linked to the growth of edge computing, heightened usage of multi-cloud, growing security and compliance demands, and an increased emphasis on performance optimization. Key trends for this forecast period are set to be hybrid cloud solutions, cloud technology adoption, data management, orchestration tools, as well as persistent storage for stateful applications and security-centric storage solutions.
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What Are the Drivers Transforming the Cloud Native Storage Market?
Expectations are high for the expansion of the cloud-native storage market due to the increasing embrace of hybrid and multi-cloud strategies. Hybrid and multi-cloud strategies involve employing a combination of cloud services, like public and private clouds, from multiple providers to cater to a wide range of business requirements. This surge in adoption of hybrid and multi-cloud strategies results from the development of highly efficient processes that cater to the shifting needs of corporations, organizations, and individuals. In the context of these strategies, cloud-native storage plays a crucial role by providing organizations with the necessary flexibility, scalability, and resilience to handle data across a variety of cloud environments. For instance, reports released by Cloudzero, a software-as-a-service company based in the US, in December 2023, predict that the majority of organizations will shift to a hybrid cloud in 2022 (39%), representing a 3% increase from the preceding year (36% in 2021). As such, the rising acceptance of hybrid and multi-cloud strategies fuels the growth of the cloud-native storage market.
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What Long-Term Trends Will Define the Future of the Cloud Native Storage Market?
Leading organizations in the cloud-native storage industry are focusing on innovative enhancements such as solarwinds observability, a novel cloud-native SaaS observability platform. This platform provides a suite of tools formulated to aid businesses in effectively monitoring and controlling their IT framework, applications, and services. For example, in October 2022, SolarWinds Worldwide LLC - a United States-based network monitoring organization - introduced SolarWinds Observability, a cloud-native software-as-a-service platform. It offers thorough and integrated visibility for contemporary, distributed, hybrid, and multi-cloud IT settings. It merges observability solutions for networks, infrastructure, systems, applications, databases, digital experiences, and log monitoring into a single solution across private and public clouds. It caters to the transition to the cloud, hybrid IT, and remote teams, delivering visibility into the entire environment in both public and private clouds. It is designed to cater to the needs of IT Ops and DevOps teams, developers, cloud architects, and IT executives.
Which Segments in the Cloud Native Storage Market Offer the Most Profit Potential?
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 Firms Dominate the Cloud Native Storage Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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