According to MarketsandMarkets™, the Cloud Native Storage Market is projected to grow from USD 16.0 billion in 2023 to USD 45.8 billion by 2028, at a compound annual growth rate (CAGR) of 23.3% during the forecast period. The cloud native storage market is expected to grow significantly during the forecast period, owing to various business drivers like increased data volumes across enterprises, ease of switching from on-premises to cloud native storage, and increased automation in application updates.
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What are the key drivers fueling this cloud native storage market growth?
Several factors contribute to the market’s momentum:
- Data explosion across enterprises demanding scalable and flexible storage.
- Shift from on-premises to cloud-native architectures.
- Automation in application updates and cloud operations.
- Growing focus on resilient, secure, and compliant storage solutions.
Which segment is expected to grow the fastest by offering?
The services segment is expected to register the highest CAGR during the forecast period. Services in cloud native storage include:
- Infrastructure management
- Security and compliance solutions
- Expert support for implementation and monitoring
These services help businesses fully leverage cloud-native storage while meeting regulatory and operational demands.
What application area holds the largest cloud native storage market size?
The Backup and Recovery application leads in market size. Here’s why:
- Ensures data availability and business continuity
- Helps organizations recover quickly from disasters or cyberattacks
- Supports a robust data management strategy across cloud environments
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By region, Asia Pacific accounted for the highest growth rate during the forecast period.
Asia Pacific is witnessing significant technological innovation in cloud native storage market. Many regional organizations were undergoing digital transformation efforts, including migrating to the cloud and adopting cloud native technologies. This shift necessitated modern and scalable storage solutions to support cloud native applications. Few of the leading countries, including China, India, Japan, South Korea, and Southeast Asian nations, witness substantial cloud adoption rates. Cloud providers like AWS, Azure, Google, Alibaba Cloud, and regional providers offered cloud native storage services that catered to the diverse needs of businesses in the region.
List of Top Companies
Some major players in the cloud native storage market include Microsoft (US), IBM (US), AWS (US), Google (US), Alibaba Cloud (China), HPE (US), Dell Technologies (US), NetApp (US), Pure Storage (US), SUSE (Germany), VMWare (US), Oracle (US), Huawei (China), Citrix (US), Tencent Cloud (China), Scality (US), Splunk (US), Linbit (US), and Rackspace (US).
Why should businesses pay attention to cloud native storage now?
- It enables scalability, speed, and flexibility—key to competing in today’s digital economy.
- Supports DevOps and agile IT environments
- Improves cost-efficiency and operational resilience
- Critical for data protection, especially with rising cyber threats and regulatory pressures
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