Overview Request Sample Pages Request Customization Download PDF
You are viewing: UK Cloud Storage Market analysis
Part of: Cloud Storage Market (Global)

The UK Cloud Storage Market was valued at $6978.6 Million in 2023 and projected to reach to $15231.8 Million by 2028, representing a compound annual growth rate of 16.9%. The UK cloud storage market is positioned for sustained growth through 2028, fueled by accelerating digital transformation across public and private sectors.

UK Cloud Storage Market (2023-2028) : Size and Share
logo-mobile
CAGR of
cagr-Chart
USD Million
MARKET SNAPSHOT
Market Size in USD 26.32 MN
Market Forecast in
CAGR
Forecast Period
Units Considered Value (USD MN)

UK Cloud Storage Market Trends and Insights

  • The UK market is projected to reach £15,231.8 million by 2028, representing a compound annual growth rate of 16.9%, driven by increasing digital transformation initiatives across UK enterprises and rising data security concerns.
  • The UK's robust technology infrastructure and regulatory environment position it as a key growth market within Europe's cloud storage sector. UK organizations are accelerating cloud adoption to enhance operational efficiency and support hybrid work models established post-pandemic.
  • The UK market benefits from strong demand across financial services, healthcare, and public sector institutions, which prioritize secure, compliant data storage solutions.
  • Between 2023 and 2028, the UK cloud storage market will experience significant expansion as businesses migrate legacy systems and invest in scalable infrastructure to manage exponential data growth..

Key Market Statistics

  • CAGR (2023-2028) 16.9% CAGR
  • Market Size, 2023 ~USD 6978.6 Million
  • Forecast, 2028 ~USD 15231.8 Million
  • Country UK

UK Cloud Storage Market Overview

Market Valuation Growth :

The UK cloud storage market reached £6,978.6 million in 2023 and is projected to grow to £15,231.8 million by 2028, demonstrating robust expansion opportunities for stakeholders across the region.

Strong CAGR Performance :

With a compound annual growth rate of 16.9% through 2028, the UK market outpaces many European counterparts, driven by accelerated digital transformation and enterprise cloud adoption initiatives.

Digital Transformation Catalyst :

UK enterprises are increasingly prioritizing cloud storage solutions as part of broader digital transformation strategies, with particular emphasis on hybrid and multi-cloud environments for operational flexibility.

Data Security & Compliance Focus :

Rising data security concerns and stringent UK/GDPR compliance requirements are propelling demand for secure, compliant cloud storage solutions among UK organizations across all sectors.

UK Cloud Storage Market Dynamics

  • Enterprise adoption continues to expand as organizations seek scalable, secure storage solutions to manage exponential data growth.
  • The UK's emphasis on data sovereignty and regulatory compliance creates opportunities for providers offering localized infrastructure and enhanced security features.
  • Investment in cloud infrastructure and increasing remote work adoption further strengthen market fundamentals, with mid-market and enterprise segments driving significant revenue expansion..

Related Ecosystem

Cloud Computing

Top Technologies
  • Software as A Service (SaaS)
  • Natural Language Processing (NLP)
  • Platform as A Service (PaaS)
  • Machine Learning
  • Supply Chain Management
Top Companies
  • International Business Machines Corporation
  • MICROSOFT CORPORATION
  • Oracle Corporation
  • Amazon.com, Inc.
  • GOOGLE

    Software And Services

    Top Technologies
    • Natural Language Processing (NLP)
    • Machine Learning
    • Supply Chain Management
    • Predictive Analytics
    • Image Sensors
    Top Companies
    • International Business Machines Corporation
    • MICROSOFT CORPORATION
    • Oracle Corporation
    • SAP SE
    • Amazon.com, Inc.

      Digitalization And Iot

      Top Technologies
      • Sensors
      • Remote Monitoring
      • Supply Chain Management
      • Passenger Information System (PIS)
      • Platform as A Service (PaaS)
      Top Companies
      • International Business Machines Corporation
      • Cisco Systems, Inc.
      • MICROSOFT CORPORATION
      • Oracle Corporation
      • HUAWEI TECHNOLOGIES CO LTD

        Key Takeaways

        • The UK cloud storage market will more than double from £6,978.6M in 2023 to £15,231.8M by 2028, reflecting strong enterprise investment.
        • The UK's 16.9% CAGR outpaces many mature European markets, driven by regulatory compliance requirements and digital transformation priorities.
        • UK financial services, healthcare, and public sector organizations are primary growth drivers, demanding secure and compliant storage solutions.
        • The UK market benefits from advanced data protection regulations and a competitive vendor landscape offering localized solutions.

        Cloud Storage Market Report Scope

        Report Metric Details
        Base Year 2023
        Fastest Growing Segment HYBRID CLOUD (Deployment Model)
        Forecast Period 2023–2028
        Growth Rate CAGR of 18.8% from 2023 to 2028
        Largest Segment FILE STORAGE (Storage Type)
        Market Size Base Year (Billions) ~USD 99.27 (2023)
        Revenue Forecast (Billions) ~USD 234.9 (2028)
        Segments Covered Offering, Storage Type, Application, Organization Size, Deployment Model, Vertical

        UK Cloud Storage Market Report Segmentation

        6 segment dimensions are covered across the global market.

        By Offering

        • Services
        • Storage Type

        By Storage Type

        • Block Storage
        • File Storage
        • Object Storage

        By Application

        • Backup & Recovery
        • Big Data & Analytics
        • Content Delivery & Distribution
        • Data Archiving
        • Database Storage Management
        • Other Applications

        By Organization Size

        • Large Enterprises
        • Smes

        By Deployment Model

        • Hybrid Cloud
        • Private Cloud
        • Public Cloud

        By Vertical

        • Bfsi
        • Energy & Utilities
        • Government & Public Sector
        • Healthcare & Life Sciences
        • It & Ites
        • Manufacturing
        • Media & Entertainment
        • Other Verticals
        • Retail & Consumer Goods
        • Telecommunications

        Target Audience

        • UK Enterprise IT Directors : Need market data to justify cloud storage investments, evaluate vendor selection, and align procurement decisions with organizational digital transformation roadmaps and budget cycles.
        • Cloud Storage Solution Providers : Require UK-specific market intelligence to assess market opportunity, identify growth segments, develop localized go-to-market strategies, and benchmark competitive positioning in the region.
        • UK Management Consultants : Utilize market forecasts and growth data to advise clients on cloud infrastructure investments, digital transformation strategies, and technology vendor selection within the UK market context.
        • Financial Analysts & Investors : Need UK market valuation, CAGR projections, and growth drivers to evaluate investment opportunities in cloud storage companies targeting the British market and assess portfolio performance.
        • UK Government & Public Sector Leaders : Require market insights to inform digital government initiatives, procurement strategies, and policy decisions regarding cloud adoption, data security, and technology infrastructure investments.

        Key Companies in the UK Cloud Storage Market

        CompanyHQOwnershipStrongest segments
        THE SAGE GROUP PLCUnited KingdomPublic CompanyFile Storage,Object Storage,Block Storage,
        ITRON INCUnited StatesPublic CompanyObject Storage,File Storage,Block Storage,
        KPNNetherlandsPublic CompanyFile Storage,Object Storage,Block Storage,
        LARSEN & TOUBRO LTD.IndiaPublic CompanyObject Storage Services & Integration,File Storage Services & Integration,Block Storage Services & Integration,
        PCCWHong KongPublic CompanyFile Storage,Object Storage,Block Storage,
        DIMENSION DATAUnited KingdomPrivate CompanyFile Storage,Object Storage,Block Storage,
        HOYA CORPORATIONJapanPublic CompanyGlass disks for HDDs (supporting file/object storage backends),Photomasks and mask blanks for storage-related semiconductors,Imaging and optical components for data center and network equipment,
        ARROW ELECTRONICS, INCUnited StatesPublic CompanyFile Storage,Object Storage,Block Storage,
        PERSISTENT SYSTEMSIndiaPublic CompanyIntegration & Implementation,Support & Maintenance,Training & Consulting,
        MOBILYSaudi ArabiaPublic CompanyObject Storage,File Storage,Block Storage,
        F5 NETWORKSUnited StatesPublic CompanyObject-storage–backed workloads,Block-storage–backed workloads,File-storage–backed workloads,
        HCL TECHNOLOGIES LIMITEDIndiaPublic CompanyIntegration & Implementation,Support & Maintenance,Training & Consulting,
        INGRAM MICROUnited StatesPublic CompanyFile Storage,Object Storage,Block Storage,
        IBMUnited StatesPublic CompanyObject Storage,Block Storage,File Storage,
        GOOGLEUnited StatesPublic CompanyObject Storage,File Storage,Block Storage,
        MICROSOFTUnited StatesPublic CompanyObject Storage,File Storage,Block Storage,
        ORACLEUnited StatesPublic CompanyObject Storage,Block Storage,File Storage,
        RACKSPACE TECHNOLOGYUnited StatesPublic CompanyFile Storage Services,Object Storage Services,Block Storage Services,
        HEWLETT PACKARD ENTERPRISEUnited StatesPublic CompanyFile Storage,Object Storage,Block Storage,
        DELL TECHNOLOGIESUnited StatesPublic CompanyFile Storage,Object Storage,Block Storage,
        DROPBOXUnited StatesPublic CompanyFile Storage (incl. sync & sharing),Object Storage–backed services (archiving, large media),Backup & Recovery solutions,
        BOXUnited StatesPublic CompanyFile Storage & Collaboration (core SaaS platform),Content Workflows, Automation & Integration,E-signature and Advanced Security/Governance Add-ons,
        FUJITSUJapanPublic CompanyFile Storage,Object Storage,Block Storage,
        VMWAREUnited StatesPrivate CompanyBlock Storage (vSAN, VxRail, VM-centric storage),File/Object-adjacent Storage and Data Services,Training & Consulting,

        THE SAGE GROUP PLC

        The Sage Group PLC is a United Kingdom-based public company founded in 1981 that employs 11,094 people. The company operates in the software and business services sector.

        ITRON INC

        Itron Inc is a United States-based public company founded in 1977 with 4,987 employees. The company specializes in technology and software solutions for energy and water utilities.

        KPN

        KPN is a Netherlands-based public company founded in 1881 with 9,293 employees. The company operates as a telecommunications and technology services provider.

        LARSEN & TOUBRO LTD.

        Larsen & Toubro Ltd. is an India-based public company founded in 1938 with 55,662 employees. The company operates in engineering, construction, and technology services sectors.

        PCCW

        PCCW is a Hong Kong-based public company founded in 1925 with 14,600 employees. The company provides telecommunications, media, and technology services.

        DIMENSION DATA

        Dimension Data is a United Kingdom-based private company founded in 1983 with 11,032 employees. The company offers IT services, consulting, and technology solutions to enterprise clients.

        HOYA CORPORATION

        Hoya Corporation is a Japan-based public company founded in 1941 with 37,752 employees. The company manufactures optical products, medical devices, and related technology solutions.

        ARROW ELECTRONICS, INC

        Arrow Electronics, Inc is a United States-based public company founded in 1935 with 22,230 employees. The company operates as a distributor of electronic components and technology products.

        PERSISTENT SYSTEMS

        Persistent Systems is an India-based public company founded in 1990 with 22,205 employees. The company provides software development, consulting, and IT services to global clients.

        MOBILY

        Mobily is a Saudi Arabia-based public company founded in 2004 with 3,000 employees. The company operates as a telecommunications and mobile services provider.

        F5 NETWORKS

        F5 Networks is a United States-based public company founded in 1996 with 6,545 employees. The company develops application delivery and security software solutions.

        HCL TECHNOLOGIES LIMITED

        HCL Technologies Limited is an India-based public company founded in 1976. The company provides IT services, software development, and technology consulting to enterprise clients.

        INGRAM MICRO

        Ingram Micro is a United States-based public company founded in 1979 with 22,200 employees. The company operates as a distributor of technology products and IT services.

        IBM

        IBM is a United States-based public company founded in 1911 with 264,300 employees. The company operates in information technology, software, and business services sectors.

        GOOGLE

        Google is a United States-based public company founded in 1998 with 194,668 employees. The company provides search, advertising, cloud computing, and technology services.

        MICROSOFT

        Microsoft is a United States-based public company founded in 1975 with 228,000 employees. The company develops software, cloud services, and technology solutions for consumers and enterprises.

        ORACLE

        Oracle is a United States-based public company founded in 1977 with 141,000 employees. The company develops database software, cloud services, and enterprise technology solutions.

        RACKSPACE TECHNOLOGY

        Rackspace Technology is a United States-based public company founded in 1998 with 5,000 employees. The company provides cloud computing, managed services, and technology solutions.

        HEWLETT PACKARD ENTERPRISE

        Hewlett Packard Enterprise is a United States-based public company founded in 1939 with 67,000 employees. The company provides enterprise IT infrastructure, software, and technology services.

        DELL TECHNOLOGIES

        Dell Technologies is a United States-based public company founded in 1984 with 97,000 employees. The company manufactures and sells computers, servers, storage systems, and technology solutions.

        DROPBOX

        Dropbox is a United States-based public company founded in 2007 with 2,113 employees. The company provides cloud storage and file synchronization services.

        BOX

        Box is a United States-based public company founded in 2005 with 2,912 employees. The company provides cloud content management and collaboration software solutions.

        FUJITSU

        Fujitsu is a Japan-based public company founded in 1935 with 99,203 employees. The company provides IT services, software, hardware, and technology solutions to global clients.

        VMWARE

        VMware is a United States-based private company founded in 1998 with 38,300 employees. The company develops virtualization, cloud computing, and enterprise software solutions.

        Reasons to Buy this Report

        • UK-Specific Market Sizing : Access precise valuation data for the UK market (£6,978.6M in 2023) with detailed forecasts through 2028, enabling accurate budget allocation and investment planning for UK operations.
        • Regional Growth Trajectory : Understand the 16.9% CAGR specific to UK market dynamics, allowing competitive positioning and market entry strategies tailored to regional growth patterns and expansion opportunities.
        • Compliance & Regulatory Insights : Gain intelligence on UK-specific data security concerns and GDPR compliance drivers shaping cloud storage adoption, critical for developing compliant solutions and messaging for UK customers.
        • Enterprise Adoption Drivers : Identify key digital transformation initiatives and enterprise cloud adoption trends specific to UK organizations, enabling targeted sales strategies and product development for this high-value market.
        • Competitive Landscape Analysis : Benchmark against UK market performance metrics and regional competitors to refine go-to-market strategies, pricing models, and service offerings optimized for the British market.

        Frequently asked questions

        What is the current size of the UK cloud storage market?

        The UK cloud storage market was valued at £6,978.6 million in 2023 and is projected to grow to £15,231.8 million by 2028.

        What is the growth rate of the UK cloud storage market?

        The UK cloud storage market is expected to grow at a compound annual growth rate (CAGR) of 16.9% from 2023 to 2028.

        Which sectors are driving UK cloud storage demand?

        The UK financial services, healthcare, public sector, and enterprise organizations are primary drivers, prioritizing secure and compliant data storage solutions.

        How does the UK market compare to global cloud storage growth?

        The UK's 16.9% CAGR is competitive with the global market's 18.8% CAGR, reflecting strong regional demand and regulatory-driven adoption.

        What factors are accelerating cloud storage adoption in the UK?

        Digital transformation initiatives, hybrid work models, data security regulations, and the need for scalable infrastructure are key adoption drivers in the UK market.

        RESEARCH METHODOLOGY

        Get the Full Cloud Storage Market Report

        Full forecast, segment splits, and company analysis for all Cloud Storage Market.

        Download Sample Pages Buy Report

        METHODOLOGY

        Need a Tailored Report?

        Customize this report to your needs

        Get 10% FREE Customization

        Customize This Report
        Fact checked
        Cite this Research
        DMCA.com Protection Status