How big is the Cloud Storage Market?

The Cloud Storage Market size is expected to reach USD 117.12 billion in 2024 and grow at a CAGR of 24% to reach USD 343.33 billion by 2029. Read More

What is the current Cloud Storage Market size?

In 2024, the Cloud Storage Market size is expected to reach USD 117.12 billion. Read More

Who are the key players in Cloud Storage Market?

Google LLC (Alphabet Inc.), Amazon Web Services Inc., Dropbox Inc, Dell EMC (Dell Technologies Inc.) and Hewlett Packard Enterprise Company are the major companies operating in the Cloud Storage Market. Read More

Which is the fastest growing region in Cloud Storage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud Storage Market?

In 2024, the North America accounts for the largest market share in Cloud Storage Market. Read More

What years does this Cloud Storage Market cover, and what was the market size in 2023?

In 2023, the Cloud Storage Market size was estimated at USD 89.01 billion. The report covers the Cloud Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the latest trends in the Cloud Storage Market?

The latest trends in the Global Cloud Storage Market are: a) Integration of blockchain for enhanced security b) Adoption of hybrid cloud storage solutions c) Use of machine learning algorithms for better data management Read More

Cloud Storage Market - Size, Share, Trends & Report

Cloud Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Personal and Private Cloud Storage Market Companies and is Segmented by Mode (Private Cloud, Public Cloud, Hybrid Cloud), by End-User (BFSI, Retail and Consumer Goods, Healthcare, Media & Entertainment, IT & Telecommunication, Manufacturing, Government and Other End-User Industry), and by Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Cloud Storage Industry Overview

The cloud storage market is semi-concentrated owing to some major players, such as Microsoft, IBM, and Oracle, holding significant market share. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. Through strategic partnerships, research and developments, and mergers & acquisitions, these players have gained a more significant footprint in the market.

November 2022: As part of continuing Dell APEX portfolio momentum, Dell Technologies Inc. announced that Dell PowerFlex is available in the AWS Marketplace. This offer provides customers with the mission-critical performance, resilience, scale, and management of PowerFlex with the ability to use existing cloud credits. Dell PowerFlex is the first of Dell's leading storage software offerings to be available in the public cloud via Project Alpine and compliments its broad AWS data protection portfolio.
May 2022: Red Hat and Accenture expanded their nearly 12-year strategic partnership to advance power-open hybrid cloud innovation for enterprises worldwide. The companies are partnering to invest in the co-development of new solutions to help in the seamless navigation of a multi- and hybrid cloud world, define their strategy, and accelerate their pace of innovation to get to value faster.