The global cloud native storage market size to grow from USD 13.6 billion in 2022 to USD 38.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period. As cloud native storage empowers organizations to build and run scalable applications in modern, dynamic environments such as public, private and hybrid clouds. Moreover, these solutions provide containers, service meshes, microservices, immutable infrastructure and declarative APIs necessary across organizations. Such factors are driving the growth of the market.
The Cloud native storage infrastructure are based on Kubernetes, its platform manages data for stateful application and provides feedback to ongoing data storage issues. The revenues from the solutions and services component offered by cloud native storage suppliers have been taken into consideration when estimating the market size for cloud native storage. Additionally, there are many other kinds of cloud native storage options and these options are further divided into object storage, block storage, and file storage.
Some of the major cloud native storage market vendors are Microsoft (US), IBM (US), AWS (US), Google (US), Alibaba Cloud (China), VMWare (US), Huawei (China), Citrix (US), Scality (US), Splunk (US), Linbit (US), Rackspace (US), and Robin.Io (US) among others.
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Alibaba Cloud was founded in 2009 and is headquartered in Hangzhou, China. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol BABA. Alibaba Groupís eCommerce ecosystem and foreign customerís online operations are powered by a full spectrum of cloud computing services by Alibaba Cloud. Alibaba Cloud provides a number of cloud native storage options, such as object storage service (OSS), it is an encrypted and secure object storage solutions for storing the data, and archiving large amount of data in the cloud. The company has worldwide teams based in Hong Kong, London, New York, Dubai, Frankfurt, Paris, Seoul, San Mateo, Singapore, Sydney, and Tokyo. Alibaba Cloudís global opearions are registered and headquatered in Singapore. Alibaba Cloud provides solutions to various verticals, such as new retail, financial services, manufacturing, ISV, gaming, media, education, telecommunication, healthcare and life sciences, sports, advertising & marketing, and metaverse.
Amazon Web Services (AWS) was founded in 2006 and is headquartered in Seattle, US and it is the subsidiary of Amazon.com Inc. The company provides solutions and services, such as hosting, backup, networking, analytics, blockchain, digital marketing, application integration, and other related services. Additionally, it provides a range of edge devices and services. The company offers plenty of cloud native storage products such as amazon S3, amazon EBS, and amazon EBS snapshot. To distinguish itself from rival companies, the AWS concentrates on product improvements. Through its partner network, the company can simply increase its global footprint to enhance it's market share and maintain a current and relevant product offering, and it has continuously acquired more cloud native storage providers. The company operates in North America, Middle East & Africa, Asia Pacific, and Latin America through its strong partner network. It caters to various industries, including automotive, consumer goods, energy, financial services, gaming, education, government, healthcare and life sciences, manufacturing, media and entertainment, retail, telecom, travel and hospitality, and power and utilities.
Cloud Native Storage Market by Component (Solutions and Services), Deployment Mode (Public and Private), Organization Size, Vertical (BFSI, Retail & Consumer Goods, Telecommunications, IT & ITeS) and Region - Global Forecast to 2027
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