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Cloud Native Storage Market Share

Report ID: GMI7376
Published Date: Nov 2024
Report Format: PDF

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Cloud Native Storage Market Share

Cloud Native Storage Company Market Share, 2024

Amazon and Microsoft hold a market share of over 10% in the cloud native storage industry. Both companies spearhead innovation in cloud technology, making substantial investments in advanced capabilities such as AI, ML, and edge computing. This strategic emphasis not only enhances their market appeal but also reinforces their dominance. By providing scalable, secure, and cost-efficient solutions and maintaining a strong presence in key regions and industries, they effectively address the growing demand for cloud-native solutions, thereby ensuring their sustained leadership in the market.

Companies are increasingly prioritizing sustainability by providing green cloud storage solutions to appeal to eco-conscious customers. Simultaneously, they're broadening their regional data center networks to enhance access, reduce latency, and adhere to local data regulations. By integrating these initiatives with a commitment to innovative technologies and regulatory compliance, these companies are successfully seizing a larger portion of the cloud-native storage market.

Cloud Native Storage Market Companies

Major players operating in the cloud native storage industry include:

Alibaba Group
Amazon
Citrix Systems
Cloudian
Cohesity
Dell Technologies
Google LLC
Hewlett Packard Enterprise
Huawei Technologies
IBM

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cloud-native storage reached USD 19.8 billion in 2024 and is set to grow at a 24.3% CAGR from 2025 to 2034, driven by the increasing transition of businesses to cloud infrastructure.

The large enterprise segment held over 75% of the market share in 2024 and is expected to surpass USD 120 billion by 2034, as these enterprises adopt multi-cloud and hybrid cloud strategies to optimize costs and enhance redundancy.

The North America market accounted for 35% of the revenue share in 2024, supported by the advanced IT and cloud infrastructure in the U.S., which facilitates the adoption of cloud-native storage solutions.

The key players in the industry include Alibaba Group, Amazon, Citrix Systems, Cloudian, Cohesity, Dell Technologies, Google LLC, Hewlett Packard Enterprise, Huawei Technologies, and IBM.