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PUBLISHER: IMARC | PRODUCT CODE: 1451572
PUBLISHER: IMARC | PRODUCT CODE: 1451572
Cloud Storage Market Report by Component, Deployment Type, User Type, Industry Vertical, and Region 2024-2032
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The global cloud storage market size reached US$ 100.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 428.7 Billion by 2032, exhibiting a growth rate (CAGR) of 17.2% during 2024-2032.
Cloud storage is a cloud computing model wherein data is stored on remote servers and accessed over the Internet or through a dedicated private network connection. It is maintained, operated, and managed by cloud storage service providers. It offers instant automatic backup and protection from theft and natural disasters and reduces costs for maintenance and management of the servers. Besides this, as it delivers a cost-effective and scalable alternative to storing files on on-premises hard drives or storage networks, cloud storage finds extensive applications in the manufacturing, telecommunications, media and entertainment, and information technology (IT) industries across the globe.
Cloud Storage Market Trends:
There is presently a significant rise in the amount of data created, copied and consumed globally. This, in confluence with the thriving banking, financial services and insurance (BFSI) sector, represents one of the key factors propelling the growth of the market. Moreover, cloud storage solutions are employed in the healthcare industry as they provide easier access to electronic medical records (EMR), which is pivotal for the diagnosis and treatment of patients. These solutions also offer real-time backup of medical data by allowing healthcare providers to quickly restore the data in the event of hardware failure, power loss, and data breaches ensuring minimal disruption or interruption to patient care. This, coupled with the increasing automation in different industry verticals around the world, is creating a positive outlook for the market. Furthermore, the growing adoption of the remote working on account of the coronavirus disease (COVID-19) outbreak and consequent imposition of lockdown in different countries is driving the market. Apart from this, the rising adoption of serverless cloud, which does not require leasing servers or paying for fixed amounts of storage or bandwidth, is anticipated to impel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud storage market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment type, user type and industry vertical.
Breakup by Component:
Solution
Services
Breakup by Deployment Type:
Private
Public
Hybrid
Breakup by User Type:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by Industry Vertical:
BFSI
Government and Public Sector
Healthcare
IT and Telecom
Retail
Manufacturing
Media and Entertainment
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alibaba Group Holding Limited, Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Dropbox Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Oracle Corporation and VMware Inc (Broadcom Inc.).
Key Questions Answered in This Report
- 1. What was the size of the global cloud storage market in 2023?
- 2. What is the expected growth rate of the global cloud storage market during 2024-2032?
- 3. What are the key factors driving the global cloud storage market?
- 4. What has been the impact of COVID-19 on the global cloud storage market?
- 5. What is the breakup of the global cloud storage market based on the component?
- 6. What is the breakup of the global cloud storage market based on the user type?
- 7. What are the key regions in the global cloud storage market?
- 8. Who are the key players/companies in the global cloud storage market?
Product Code: SR112024A5918
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Cloud Storage Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Solution
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment Type
- 7.1 Private
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Public
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hybrid
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by User Type
- 8.1 Large Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Small and Medium-sized Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Government and Public Sector
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Healthcare
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 IT and Telecom
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Retail
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Manufacturing
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Media and Entertainment
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Others
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Alibaba Group Holding Limited
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Amazon Web Services Inc. (Amazon.com Inc.)
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 SWOT Analysis
- 15.3.3 Dell Technologies Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Dropbox Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Google LLC (Alphabet Inc.)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 SWOT Analysis
- 15.3.6 Hewlett Packard Enterprise Development LP
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Huawei Technologies Co. Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 SWOT Analysis
- 15.3.8 International Business Machines Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Microsoft Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 NetApp Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Oracle Corporation
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 VMware Inc. (Broadcom Inc.)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.1 Alibaba Group Holding Limited
Product Code: SR112024A5918
List of Figures
- Figure 1: Global: Cloud Storage Market: Major Drivers and Challenges
- Figure 2: Global: Cloud Storage Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Cloud Storage Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Cloud Storage Market: Breakup by Component (in %), 2023
- Figure 5: Global: Cloud Storage Market: Breakup by Deployment Type (in %), 2023
- Figure 6: Global: Cloud Storage Market: Breakup by User Type (in %), 2023
- Figure 7: Global: Cloud Storage Market: Breakup by Industry Vertical (in %), 2023
- Figure 8: Global: Cloud Storage Market: Breakup by Region (in %), 2023
- Figure 9: Global: Cloud Storage (Solution) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Cloud Storage (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Cloud Storage (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Cloud Storage (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Cloud Storage (Private) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Cloud Storage (Private) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Cloud Storage (Public) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Cloud Storage (Public) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Cloud Storage (Hybrid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Cloud Storage (Hybrid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Cloud Storage (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Cloud Storage (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Cloud Storage (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Cloud Storage (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Cloud Storage (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Cloud Storage (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Cloud Storage (Government and Public Sector) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Cloud Storage (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Cloud Storage (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Cloud Storage (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Cloud Storage (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Cloud Storage (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Cloud Storage (Retail) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Cloud Storage (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Cloud Storage (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Cloud Storage (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Cloud Storage (Media and Entertainment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Cloud Storage (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: Cloud Storage (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: Cloud Storage (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: North America: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: North America: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: United States: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: United States: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Canada: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Canada: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Asia-Pacific: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Asia-Pacific: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: China: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: China: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Japan: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Japan: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: India: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: India: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: South Korea: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: South Korea: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Australia: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Australia: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Indonesia: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Indonesia: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Europe: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Europe: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Germany: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Germany: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: France: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: France: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: United Kingdom: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: United Kingdom: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Italy: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Italy: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Spain: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Spain: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Russia: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Russia: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Others: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Others: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Latin America: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Latin America: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Brazil: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Brazil: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Mexico: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Mexico: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Others: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Others: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Middle East and Africa: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
- Figure 86: Middle East and Africa: Cloud Storage Market: Breakup by Country (in %), 2023
- Figure 87: Middle East and Africa: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Global: Cloud Storage Industry: SWOT Analysis
- Figure 89: Global: Cloud Storage Industry: Value Chain Analysis
- Figure 90: Global: Cloud Storage Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Cloud Storage Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Cloud Storage Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Cloud Storage Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
- Table 4: Global: Cloud Storage Market Forecast: Breakup by User Type (in Million US$), 2024-2032
- Table 5: Global: Cloud Storage Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
- Table 6: Global: Cloud Storage Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Cloud Storage Market: Competitive Structure
- Table 8: Global: Cloud Storage Market: Key Players
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