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Cloud Native Storage Market Trends

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

Cloud Native Storage Market Trends

Enterprises are increasingly adopting multi-cloud and hybrid cloud strategies, which is a prominent trend in the cloud-native storage industry. By utilizing multiple public cloud providers, including AWS, Azure, and Google Cloud, organizations are avoiding vendor lock-in. This approach allows them to select optimal services from each provider while enhancing redundancy, resilience, and cost efficiency. Consequently, cloud-native storage solutions are evolving to offer the flexibility to seamlessly manage data across varied cloud environments. Additionally, businesses leverage these architectures to ensure continuity, enabling the transfer of workloads and data between clouds during outages or disruptions.
 

As edge computing gains traction, cloud-native storage is adapting to manage data at the network's edge. Edge computing processes data closer to its source, such as IoT devices or remote sites, minimizing latency and bandwidth use. This proximity is crucial for real-time applications, including autonomous vehicles, industrial automation, and smart cities. Cloud-native storage solutions are crafted to manage this distributed data, ensuring resilience and high availability across diverse locations. Furthermore, these systems facilitate edge-to-cloud data synchronization, allowing businesses to integrate data from edge devices into central cloud systems, all while upholding consistent access and security.
 

While cloud-native storage offers numerous advantages, concerns over data security pose a major hurdle to its broader market adoption. With an increasing number of organizations shifting their vital workloads, sensitive information, and intellectual assets to the cloud, they encounter amplified risks, including data breaches, unauthorized access, and potential data loss. Such apprehensions are especially acute in sectors such as banking, healthcare, government, and defense, where safeguarding data and adhering to regulatory standards are of utmost importance.

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.

Cloud Native Storage Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 175
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