Cloud Storage Market : Expected to Grow at a CAGR of 17.4% from 2024 to 2030

Global Cloud Storage Market Analysis

The global Cloud Storage market was valued at US$ 92.26 Bn. in 2023 and is projected to reach US$ 283.60 Bn. by 2030, growing at a CAGR of 17.4% during the forecast period.

Market Overview

This study aims to provide a comprehensive analysis of the Cloud Storage market segmented by component, application, industry, and geography. It delves deeply into the key drivers propelling market growth and offers an extensive evaluation of the market’s value chain.

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Market Scope

The research methodology to evaluate and forecast the Cloud Storage market begins with secondary research utilizing sources that gather revenue data from major suppliers. Vendor offerings are considered in market segmentation calculations. The total size of the Cloud Storage market is determined using the bottom-up approach, based on revenue data from significant enterprises.

Drivers

The Cloud Storage market report addresses the major drivers and constraints affecting market growth.

Segmentation

by Component

Solutions
Services

by Application

Primary Storage
Backup and Disaster Recovery
Archiving

by Deployment Type

Public
Private
Hybrid

by Vertical

BFSI
IT and ITeS
Telecommunications
Healthcare and Life Sciences
Media and Entertainment
Consumer Goods and Retail
Manufacturing
Government and Public Sector
Energy and Utilities
Others

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Key Players

The leading players in the Cloud Storage market report include:

1. Amazon Web Services, Inc (US)
2. Google (US)
3. Microsoft (US)
4. IBM (US)
5. Wasabi (US)
6. Oracle (US)
7. Rackspace Technology (US)
8. Hewlett Packard Enterprise (US)
9. Dell Technologies (US)
10. Dropbox (US)
11. VMware (US)
12. NetApp (US)
13. Hitachi Vantara (US)
14. Scality (US)
15. Citrix (US)
16. DigitalOcean (US)
17. Zadara (US)
18. Cisco Systems, Inc. (US)
19. Data direct Networks (US)
20. MongoDB, Inc. (US)
21. Alibaba Cloud (China)

Regional Analysis

Market share statistics are available for global regions including North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. Analysts at Maximize conduct a detailed competitive analysis for each key player in these regions.

COVID-19 Impact Analysis on Cloud Storage Market

The COVID-19 pandemic has impacted various industries such as aerospace and defense, agriculture, automotive, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. The Cloud Storage market has been affected by the pandemic, influencing growth rates in 2019-2020. Our latest insights, opinions, and guidance are crucial for businesses and organizations within the Cloud Storage industry to navigate the challenges posed by the COVID-19 crisis, ensuring the delivery of reliable data and insights to CEOs.

Key Questions Answered in the Cloud Storage Market Report

Which segment captured the largest share in the Cloud Storage market?
What was the competitive landscape of the Cloud Storage market in 2020?
What are the key factors driving the growth of the Cloud Storage market?
Which region held the largest share in the Cloud Storage market in 2020?

About Maximize Market Research

Maximize Market Research is a multifaceted market research and consulting firm with expertise in various industries including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.