Cloud Native Storage Market Size - By Application (Backup & Recovery, Content Delivery, Big Data and Analytics, Data Archiving, Database Storage Management), Component, End-user Industry, Enterprise Size, Deployment Model & Global Forecast, 2023 - 2032

Cloud Native Storage Market Size - By Application (Backup & Recovery, Content Delivery, Big Data and Analytics, Data Archiving, Database Storage Management), Component, End-user Industry, Enterprise Size, Deployment Model & Global Forecast, 2023 - 2032

Cloud native storage market is predicted to record more than 23.5% CAGR from 2023 to 2032 owing to the increasing adoption of cloud computing and rising data volumes. The growing emphasis on scalable and flexible storage solutions that can seamlessly integrate with cloud-native applications are pushing the development of cutting-edge technologies designed to meet these evolving demands.

Moreover, the rising trend of hybrid and multi-cloud environments further amplifies the need for cloud-native storage solutions that provide optimal performance and data accessibility across diverse platforms. For instance, in September 2023, VMware announced new edge cloud solutions that allows organizations to operate across multi-cloud environments consistently and effectively.

The cloud native storage industry is classified based on application, component, end-user, enterprise size, deployment model, and region.

The small and medium-sized enterprises (SMEs) segment is expected to witness substantial growth through 2032 as these organizations recognize the need for cost-effective and scalable storage options to enhance their operational efficiency. The inherent flexibility of cloud native storage aligns with the dynamic nature of SMEs, allowing them to scale their storage infrastructure in tandem with business growth. This shift empowers SMEs to compete on a level playing field with larger enterprises in terms of technological agility and resource optimization.

The IT & telecommunications segment will generate massive revenues in the market by 2032 due to the complex and data-intensive operations. The sector pushes the demand for robust storage solutions that can handle large volumes of data, provide high-performance access, and ensure data security. Cloud native storage solutions offer a scalable and efficient way for IT & telecom companies to manage their data, enabling them to adapt to evolving requirement, enhance customer experiences, and streamline their overall operational processes.

Europe cloud native storage industry is anticipated to expand at a significant pace through 2032 as organizations across the region embrace digital transformation initiatives. The demand for advanced storage solutions that align with European data protection regulations is on the rise. The increasing awareness of the benefits offered by cloud native storage in terms of agility, scalability, and cost-effectiveness will shape the regional market outlook.