Cloud Native Storage Market by Component (Services, Solutions), Organization Size (Large Enterprises, SMEs), Deployment Type, Vertical - Global Forecast 2024-2030

Cloud Native Storage Market by Component (Services, Solutions), Organization Size (Large Enterprises, SMEs), Deployment Type, Vertical - Global Forecast 2024-2030

The Cloud Native Storage Market size was estimated at USD 17.63 billion in 2023 and expected to reach USD 21.84 billion in 2024, at a CAGR 23.97% to reach USD 79.38 billion by 2030.

The cloud native storage market encompasses the solutions, services, and technologies designed to address the unique requirements of modern applications built on containerized architectures, microservices, serverless computing, and other cloud-native paradigms. These storage systems are inherently scalable, highly available, and optimized for high performance in dynamic environments. Cloud native storage systems cater to various applications across different industry verticals, which support both stateful and stateless applications that require varying levels of data persistence, ranging from simple file serving to complex database management systems. Several factors are driving the growth of the cloud native storage market, including digital transformation initiatives, an increase in containerized workloads, a rise in multi-cloud deployments, and higher requirements for data security and compliance. Data migration complexities, skill gaps, and talent shortages created challenges for market growth. Along with these, security vulnerabilities and privacy risks associated with hosting sensitive data in third-party infrastructure are other factors that challenge the development of the cloud native storage market. However, innovation in AI-driven data management, along with developing solutions that help customers navigate complex regulatory landscapes, is enabling players to capitalize on the cloud native storage market's potential.

Regional Insights

The United States has remained one of the major countries to hold a significant share of the cloud native storage market due to its well-established IT infrastructure, early adoption of cloud technologies, higher spending on research & development activities, and presence of key players. Canada is also witnessing significant growth in this sector, driven by an expanding startup ecosystem and government initiatives supporting technological innovation. The European Union (EU) countries are embracing cloud native storage solutions, with major countries such as Germany, France, and the United Kingdom witnessing strategic development. The EU's General Data Protection Regulation (GDPR) has prompted organizations to adopt advanced storage technologies that ensure data security and compliance. Additionally, European research projects such as H2020-ICT and EuroHPC Joint Undertaking are fostering collaboration between industry and academia to drive innovation in cloud-native storage solutions. Middle Eastern countries such as the United Arab Emirates (UAE), Saudi Arabia, and Israel are investing heavily in digital transformation efforts. They leverage cloud native storage to facilitate faster application development cycles while maintaining data security and compliance with local regulations. Asia-Pacific presents lucrative opportunities for cloud native storage providers owing to rapid economic growth and an ever-increasing data generation from various sectors such as e-commerce, telecommunication, and government initiatives towards digital transformation. The increasing investments in IT infrastructure and the growing presence of global cloud service providers in the region drive the adoption of cloud native storage solutions. Additionally, increasing focus on data localization laws, particularly in countries such as China and India, further boost the demand for locally available storage solutions, providing a significant push to the overall market growth.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Cloud Native Storage Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increased container adoption across organizations
    • Growing digital transformation initiatives with an increase in data volume across enterprises
    • Market Restraints
      • Data migration issues with cloud native storage
      • Market Opportunities
        • Continuous advancements in cloud native storage solutions
        • High potential of cloud native storage solutions across SMEs
        • Market Challenges
          • Problems related to infrastructure selection, security & compliance, and reliability
          • Market Segmentation Analysis
            • Component: Efficient cloud-native storage solutions to cater demand across artificial intelligence (AI) and edge computing
            • Organization Size: Rising demand of cost-effective cloud native storage across SMEs
            • Deployment: Increasing utilization of private cloud native solution by end-users
            • Vertical: Exponential adoption of cloud native storage in real-time financial service operations
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cloud Native Storage Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cloud Native Storage Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • ManageEngine Launches Cloud-Native Identity Platform
              
              ManageEngine, the enterprise IT management division of Zoho Corporation, has recently launched Identity360, a cloud-native identity management platform that offers simplified solutions for managing enterprise workforces. The platform incorporates access certification and identity risk assessment functionalities into ADManager Plus, an on-premises IGA solution, to enhance compliance posture and mitigate security risks.
              
              Red Hat, Inc. and Oracle Expand Collaboration to Bring Red Hat OpenShift to Oracle Cloud Infrastructure
              
              Red Hat, Inc. and Oracle Corporation have expanded their alliance, providing customers with more options for deploying applications on Oracle Cloud Infrastructure (OCI). This expansion allows Red Hat OpenShift to be supported and certified on OCI, allowing customers to confidently install and run workloads on Red Hat OpenShift with the assurance of support from both Oracle and Red Hat.
              
              CrowdStrike To Acquire Bionic to Boost Cloud-Native App Security
              
              CrowdStrike Holdings, Inc. has acquired Bionic, a startup, to enhance its security capabilities for cloud-native applications. The acquisition is expected to cost USD 350 million and incorporate Application Security Posture Management technology into CrowdStrike's Cloud Native Application Protection Platform (CNAPP). With this acquisition, CrowdStrike can offer comprehensive risk visibility and protection for the entire cloud estate, from code to runtime.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cloud Native Storage Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Cloud Native Storage Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Adobe Inc., Alibaba Cloud International by Alibaba Group Holding Limited, Amazon Web Services, Inc., Arrikto Inc., Atos SE, Cisco Systems, Inc., Cloudian Inc., DataCore Software Corporation, Dell Technologies Inc., Diamanti, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Hyland Software, Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, LINBIT HA-Solutions GmbH, Microsoft Corporation, MinIO, Inc., NetApp, Inc., NVIDIA Corporation, Oracle Corporation, Pure Storage Inc., Rackspace Technology, Inc., Rakuten Group, Inc., Scality Inc., SUSE S.A., Tata Consultancy Services Limited, Tencent Holdings Ltd., UpCloud Oy, Veritas Technologies LLC, VMware, Inc. by Broadcom Inc., and Wipro Limited.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Cloud Native Storage Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Component
              • Services
                • Consulting
                • Integration & Implementation
                • Training, Support & Maintenance
                • Solutions
                  • Block Storage
                  • File Storage
                  • Object Storage
                  • Organization Size
                    • Large Enterprises
                    • SMEs
                    • Deployment Type
                      • Private Cloud
                      • Public Cloud
                      • Vertical
                        • Banking, Financial Services, & Insurance
                        • Energy & Utilities
                        • Government
                        • Healthcare & Life Sciences
                        • IT & Telecommunication
                        • Manufacturing
                        • Media & Entertainment
                        • Retail & Consumer Goods
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year