Cloud Native Storage Market Report: Trends, Forecast and Competitive Analysis

Cloud Native Storage Market Trends and Forecast

The future of the cloud native storage market looks promising with opportunities in the banking, financial services & insurance (BFSI), government, healthcare & life sciences, telecommunication, IT & ITeS, manufacturing, energy & utilities, media & entertainment, and retail & consumer good industries. The global cloud native storage market is expected to grow with a CAGR of 23% to 25% from 2023 to 2028. The major drivers for this market are increasing investment of advanced technologies, increased agility and productivity, improved scalability & reliability, and reduced costs.

Cloud Native Storage Market

Emerging Trends in the Cloud Native Storage Market

Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of multi-cloud-native strategies by web scale innovators and growing use of advanced technology in enterprises.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global cloud native storage market report, please download the report brochure.

Cloud Native Storage Market by Segments

Cloud Native Storage Market by Segment

The study includes a forecast for the global cloud native storage market by component, organization size, deployment type, end use industry, and region, as follows:

Cloud Native Storage Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:

Solutions

File Storage

Block Storage

Object Storage

Services

Consulting

Integration and Implementation

Training, Support, and Maintenance

Cloud Native Storage Market by Organization Size [Value ($B) Shipment Analysis from 2017 to 2028]:

Large Enterprises

SMEs

Cloud Native Storage Market by Deployment Type [Value ($B) Shipment Analysis from 2017 to 2028]:

Public Cloud

Private Cloud

Hybrid Cloud

Cloud Native Storage Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

Banking, Financial Services, & Insurance

Government

Healthcare & Life Sciences

Telecommunication

IT & ITeS

Manufacturing

Energy & Utilities

Media & Entertainment

Retail & Consumer Goods

Other Verticals

Cloud Native Storage Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of Cloud Native Storage Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cloud native storage companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cloud native storage companies profiled in this report include.

IBM

Microsoft

AWS

Alibaba Group

Google

VMWare

Huawei

Citrix

Robin.io

Cloud Native Storage Market Insights

Lucintel forecasts that solutions will remain the fastest growing segment over the forecast period due to the increased demand for reliable and high-performance storage. Additionally, it helps the organization to tackle fundamental requirements such as availability, data security, and durability.

BFSI is expected to remain the largest segment due to the growing need for cloud native technology in banking sector that can improve the efficiency of data aggregation and storage.

North America will remain the largest region due to the growing adoption of smart home devices, connected devices, video streaming services, and digital payments that generates heaps of data every day, strong economic landscape, huge IT budgets, high technology assimilation, and early adoption of advanced technologies.

Features of the Cloud Native Storage Market

Market Size Estimates: Cloud native storage market size estimation in terms of value ($B)

Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

Segmentation Analysis: Cloud native storage market size by various segments, such as by component, organization size, deployment type, end use industry, and region.

Regional Analysis: Cloud native storage market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities: Analysis on growth opportunities in different by component, organization size, deployment type, end use industry, and regions for the cloud native storage market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape for the cloud native storage market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cloud native storage market size?

Answer: The global cloud native storage market is expected to reach an estimated $xx billion by 2028.

Q2. What is the growth forecast for cloud native storage market?

Answer: The global cloud native storage market is expected to grow with a CAGR of 23% to 25% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the cloud native storage market?

Answer: The major drivers for this market are increasing investment of advanced technologies, increased agility and productivity, improved scalability & reliability, and reduced costs.

Q4. What are the major segments for cloud native storage market?

Answer: The future of the cloud native storage market looks promising with opportunities in the banking, financial services & insurance (BFSI), government, healthcare & life sciences, telecommunication, IT & ITeS, manufacturing, energy & utilities, media & entertainment, and retail & consumer good industries.

Q5. What are the emerging trends in cloud native storage market?

Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of multi-cloud-native strategies by web scale innovators and growing use of advanced technology in enterprises.

Q6. Who are the key cloud native storage companies?

Answer: Some of the key cloud native storage companies are as follows:

IBM

Microsoft

AWS

Alibaba Group

Google

VMWare

Huawei

Citrix

Robin.io

Q7. Which cloud native storage segment will be the largest in future?

Answer: Lucintel forecasts that solutions will remain the fastest growing segment over the forecast period due to the increased demand for reliable and high-performance storage. Additionally, it helps the organization to tackle fundamental requirements such as availability, data security, and durability.

Q8. In cloud native storage market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to the growing adoption of smart home devices, connected devices, video streaming services, and digital payments that generates heaps of data every day, strong economic landscape, huge IT budgets, high technology assimilation, and early adoption of advanced technologies.

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the infrastructure as code (IaC) market by component (solutions and services), organization size (large enterprises and SMEs), deployment type (public cloud, private cloud, and hybrid cloud), end use industry (BFSI, government, healthcare and life sciences, telecommunication, IT & ITeS, manufacturing, energy & utilities, media & entertainment, retail & consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?