Cloud Native Storage Market set to hit $154.3 billion by 2035, as shift to multi-cloud strategies drives transformation

Industry revenue for Cloud Native Storage is estimated to rise to $154.3 billion by 2035 from $19.3 billion of 2024. The revenue growth of market players is expected to average at 20.8% annually for period 2024 to 2035. Cloud native storage is critical across several key applications, including Cloud-Native Applications, Data Backup & Disaster Recovery and Big Data Analytics. The report unwind growth & revenue expansion opportunities at Deployment Model, Sector, Business Size and Solution Type with industry revenue Forecast.

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The Cloud native storage market is characterized by intense competition, with a number of leading players such as Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM Cloud and Oracle Cloud. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Cloud native storage market is projected to expand substantially, driven by the Explosion of Data Volume and Increasing Demand for Cost-Effective Solutions. This growth is expected to be further supported by Industry trends like Advancements in Cloud Technologies; and position the market's continued expansion to reach $60.0 billion by 2030. Moreover, the key opportunities, such as Data Protection and Backup, Application-centric Storage and ml driven storage optimization, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., China and UK.

The U.S., China, UK, Germany and Japan are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 20% to 29.1% annually from 2024 to 2035. At the same time, Indonesia, South Africa and Brazil are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Europe are the two most active and leading regions in the market. With challenges like Data Security Concerns and complexity in data management, market Eco-System from Research & Development / Manufacturing / Distribution & Logistics and to End User Applications & Industries is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Indonesia, South Africa and Brazil for expansion of the total addressable market (TAM).

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