Cloud Native Storage Market

Over the course of the forecast period, the global market for cloud native storage is expected to grow at a compound annual growth rate (CAGR) of 23.3%, from an anticipated USD 16.0 billion in 2023 to USD 45.8 billion by 2028. Increased data volumes across companies, the ease of moving from on-premises to cloud native storage, and more automation in application updates are key drivers of the market's growth.

Growth Factors for the Cloud Native Storage Market:

• Proliferation of Containerized Applications
• Rise of DevOps and Agile Practices
• Hybrid and Multi-Cloud Strategies
• Advancements in Data Analytics and AI
• Enhanced Security Requirements

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Proliferation of Containerized Applications:

The widespread adoption of containers and microservices architecture is a significant growth driver for the cloud native storage market. As organizations shift to cloud-native application development, the demand for storage solutions that integrate seamlessly with container orchestration platforms like Kubernetes has surged.

Rise of DevOps and Agile Practices:

The increasing implementation of DevOps and agile methodologies promotes continuous integration and continuous delivery (CI/CD), necessitating dynamic and scalable storage solutions. Cloud native storage meets these requirements by offering flexibility and ease of management, thus facilitating faster development cycles and deployment.

Hybrid and Multi-Cloud Strategies:

Businesses are increasingly adopting hybrid and multi-cloud strategies to enhance flexibility, avoid vendor lock-in, and optimize costs. Cloud native storage solutions that offer interoperability and consistent data management across multiple cloud environments are in high demand, driving market growth.

Advancements in Data Analytics and AI:

The integration of advanced data analytics and AI capabilities into cloud native storage solutions is propelling market growth. These technologies enhance data management, improve storage efficiency, and enable predictive maintenance, providing significant value to enterprises by optimizing their storage infrastructure.

Enhanced Security Requirements:

As data breaches and cyber threats increase, there is a growing emphasis on robust security features in storage solutions. Cloud native storage systems are being designed with advanced security mechanisms, including encryption, access control, and compliance features, which are crucial for protecting sensitive data in cloud environments .

Cloud Native Storage Market Share - Global Industry Landscape

The leading companies in the Cloud Native Storage industry and their key offerings include:

• NetApp (US)
• Pure Storage (US)
• SUSE (Germany)
• VMWare (US)
• Oracle (US)

The Cloud Native Storage market is a dynamic and growing space, with several players vying for dominance. Here's a breakdown of some leading companies, but it's important to note that pinpointing exact market share can be challenging due to different research methodologies.

NetApp (US)

Market Share and Key Offerings:

• NetApp holds a significant position in the cloud storage market with a strong focus on hybrid cloud data services. Its key offerings include ONTAP data management software, Cloud Volumes ONTAP, and NetApp HCI. These solutions provide robust data management, efficient storage, and simplified operations across on-premises and cloud environments. NetApp's partnerships with major cloud providers like AWS, Azure, and Google Cloud enhance its market reach and capabilities.

Pure Storage (US)

Market Share and Key Offerings:

• Pure Storage is a leading player in the enterprise storage market, known for its all-flash storage solutions. The company’s flagship product, FlashArray, offers high performance, reliability, and ease of use. Additionally, Pure Storage’s FlashBlade provides scalable storage for unstructured data and analytics. Pure as-a-Service, its consumption-based model, allows businesses to leverage storage solutions on a subscription basis, adding flexibility and cost efficiency.

SUSE (Germany)

Market Share and Key Offerings:

• SUSE is a prominent open-source software company specializing in enterprise-grade Linux solutions and cloud-native offerings. SUSE’s key products include SUSE Linux Enterprise Server (SLES), which provides a reliable and secure platform for critical applications. SUSE Rancher, a container management platform, enhances Kubernetes orchestration and simplifies the deployment of cloud-native applications. SUSE’s focus on innovation and interoperability supports its strong market presence.

VMware (US)

Market Share and Key Offerings:

• VMware commands a substantial market share in virtualization and cloud infrastructure. Its key offerings include VMware vSphere for server virtualization, VMware Cloud Foundation for hybrid cloud management, and Tanzu for modernizing applications with Kubernetes. VMware’s solutions enable seamless cloud migration, scalable infrastructure, and comprehensive security, making it a preferred choice for enterprises transitioning to cloud environments.

Oracle (US)

Market Share and Key Offerings:

• Oracle is a dominant player in the enterprise software and cloud services market. Oracle Cloud Infrastructure (OCI) offers high-performance computing, storage, and networking capabilities. Key offerings include Oracle Autonomous Database, which leverages machine learning for automated management, and Oracle Fusion Cloud applications for enterprise resource planning (ERP) and customer relationship management (CRM). Oracle’s extensive portfolio and strong focus on AI and security drive its competitive edge in the market

Related Reports:

Cloud Native Storage Market by Offering (Solutions and Services), Deployment Mode (Public and Private), Application (Backup & Recovery, Content Delivery & Distribution), Vertical (BFSI, Retail & Consumer Goods) and Region - Global Forecast to 2028