The Global Cloud Native Storage Market, By Offering (Solutions, Services), Deployment Mode (Public, Private), Application (Backup & Recovery, Content Delivery & Distribution), Vertical (BFSI, Retail & Consumer Goods) - Industry Trends and Forecast to 2031.
Cloud Native Storage Market Analysis and Size
Data Bridge Market Research analyzes that the global cloud native storage market size is valued at USD 13.7 billion in 2023 and is expected to reach USD 21.91 billion by the year 2031 at a 23.5% CAGR during the forecast period for 2024- 2031. Attributed to increased adoption of containerization and Kubernetes across enterprises. The rise of containerization technologies, with Kubernetes as a leading container orchestration platform, has led to the need for container centric storage solutions. Cloud-native storage solutions are designed to integrate seamlessly with Kubernetes and other container orchestrators, enabling persistent storage for containers and microservices in a scalable and efficient manner.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Solutions and Services), Deployment Mode (Public and Private), Application (Backup & Recovery, Content Delivery & Distribution), Vertical (BFSI, Retail & Consumer Goods)
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Countries Covered
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U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Market Players Covered
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Microsoft (U.S.), IBM (U.S.), AWS (U.S.), Google (U.S.), Alibaba Cloud (China), VMWare (U.S.), Huawei (China), Citrix (U.S.), Tencent Cloud (China), Scality (U.S.), Splunk (U.S.), Linbit (U.S.), Rackspace (U.S.), and Robin.Io (U.S.), MayaData (U.S.), Diamanti (U.S.), Minio (U.S.), Rook (U.S.), Ondat (U.K.), Ionir (U.S.), Trilio (U.S.), Upcloud (Finland), Arrikto (U.S.)
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Market Opportunities
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Market Definition
The cloud native storage refers to a storage architecture specifically designed to seamlessly integrate with cloud-native applications and environments, such as containerized and microservices-based deployments. It emphasizes dynamic scalability, agility, and flexibility to meet the evolving needs of modern cloud-native applications. Leveraging distributed and container-aware storage solutions, cloud native storage enables efficient management and provisioning of storage resources, optimizing performance and ensuring compatibility with container orchestration platforms like Kubernetes.
Global Cloud Native Storage Market Dynamics
Drivers
- Rapid adoption of cloud-native technologies
The increasing adoption of cloud-native technologies, such as containerization and microservices architecture, is a significant driver for the cloud-native storage market. Organizations are leveraging these technologies to enhance agility, scalability, and efficiency in application development and deployment. As more applications are developed using cloud-native principles, the demand for storage solutions that seamlessly integrate with these architectures rises, boosting the market for cloud-native storage solutions.
- Growing data volumes and complexity
The exponential growth of data generated by organizations necessitates scalable and flexible storage solutions. Cloud-native storage provides a dynamic and adaptable infrastructure that can efficiently handle the increasing volumes of data, especially in industries like e-commerce, healthcare, and finance. The need for efficient storage solutions that can handle diverse data types and scale seamlessly aligns with the capabilities offered by cloud-native storage, driving the market forward.
Opportunities
- Hybrid and multi-cloud deployments
The rising trend of hybrid and multi-cloud deployments creates opportunities for cloud-native storage providers. Organizations are seeking storage solutions that can seamlessly operate across different cloud environments and on-premises infrastructure, providing flexibility and avoiding vendor lock-in. Cloud-native storage solutions that support hybrid and multi-cloud strategies have a competitive advantage, as businesses look for interoperability and portability between various cloud platforms.
- Increasing emphasis on data security and compliance
With the growing concerns around data security and compliance, organizations are actively seeking storage solutions that offer robust security features and compliance with industry regulations. Cloud-native storage providers can capitalize on this opportunity by integrating advanced security measures into their offerings. Cloud-native storage solutions that prioritize data security and compliance stand to gain market share, especially in industries where regulatory requirements are stringent, such as healthcare and finance.
Restraints/Challenges
- Integration complexity and skill gap
The integration of cloud-native storage solutions into existing IT infrastructure can be complex and challenging. Organizations may face difficulties in upskilling their workforce to effectively manage and maintain these solutions, leading to a potential barrier for adoption. The complexity of integration and a shortage of skilled professionals may slow down the adoption of cloud-native storage solutions, particularly among smaller enterprises with limited IT resources.
- Concerns regarding data sovereignty and privacy
Issues related to data sovereignty and privacy regulations can pose challenges for the cloud-native storage market. Some organizations, especially in regions with strict data protection laws, may be hesitant to store sensitive data in the cloud due to concerns about jurisdiction and compliance. The reluctance of organizations to store sensitive data in the cloud may limit the growth of the cloud-native storage market, especially in regions where data sovereignty and privacy are critical considerations.
Recent Developments
- In August 2023, AWS announced the launch of the AWS Israel (Tel Aviv) Region. This launch signifies that developers, startups, entrepreneurs, enterprises, as well as government, education, and nonprofit entities, have an expanded array of options for hosting their applications and serving their end users within Israel's borders
- In August 2023, Microsoft enhanced the Azure Elastic SAN service by introducing support for private endpoints and enabling volume sharing through SCSI (Small Computer System Interface) Persistent Reservation
Global Cloud Native Storage Market Scope
The cloud native storage market by offering and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Solutions
- Services
Deployment Mode
- Public
- Private
Application
- Backup & Recovery
- Content Delivery & Distribution
Vertical
- BFSI
- Retail & Consumer Goods
Global Cloud Native Storage Market Analysis/Insights
The cloud native storage market is analyzed and market size information is provided by the offering, deployment mode, application and vertical as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, rest of Middle East and Africa, Brazil, Argentina, Colombia, Peru, Chile, Venezuala, Ecuador and rest of South America.
North America is expected to dominate the market due to the region's advanced technological infrastructure, high adoption of cloud services, and the presence of major cloud service providers. The U.S., in particular, has been a frontrunner in embracing cloud-native technologies, fostering innovation, and driving the demand for scalable and flexible storage solutions.
The Asia-Pacific region is expected to be the fastest-growing market due to the increasing digital transformation initiatives, expanding internet penetration, and the rise of businesses in countries like China, India, contribute to the region's growing demand for cloud-native storage solutions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cloud Native Storage Market Share Analysis
The cloud native storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Activated roller belt sorters market
Some of the major players operating in the cloud native storage market are:
- Microsoft (U.S.)
- IBM (U.S.)
- AWS (U.S.)
- Google (U.S.)
- Alibaba Cloud (China)
- VMWare (U.S.)
- Huawei (China)
- Citrix (U.S.)
- Tencent Cloud (China)
- Scality (U.S.)
- Splunk (U.S.)
- Linbit (U.S.)
- Rackspace (U.S.)
- Robin.Io (U.S.)
- MayaData (U.S.)
- Diamanti (U.S.)
- Minio (U.S.)
- Rook (U.S.)
- Ondat (U.K.)
- Ionir (U.S.)
- Trilio (U.S.)
- Upcloud (Finland)
- Arrikto (U.S.)
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