The Cloud Storage Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cloud Storage Market?
The market size of the cloud storage industry has expanded swiftly over the past few years. It stood at $107.76 billion in 2024, and it is expected to rise to $124.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cloud Storage Industry?
In 2029, the projected market size for the cloud storage market is predicted to reach $273.05 billion. The anticipated compound annual growth rate (CAGR) over the period up to 2029 is 21.7%.
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What are the Key Growth Drivers Fueling the Cloud Storage Market?
The key drivers in the cloud storage market are:
• Integration of edge computing
• Implementation of data lifecycle management
• Enhancement of security measures
• Advances in artificial intelligence and machine learning technologies
Global Market Segmentation: Identifying Major Cloud Storage Industry Segments
The cloud storage market covered in this report is segmented –
1) By Type: Object Storage, File Storage, Block Storage
2) By Component: Storage Model, Services
3) By Mode: Private Cloud, Public Cloud, Hybrid Cloud
4) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
5) By Vertical: BFSI, IT And Telecommunication, Government And Public Sector, Manufacturing, Healthcare And Life Science, Retail And Consumer Goods, Media And Entertainment, Other Verticals (Energy And Utilities, Chemical, Travel And Hospitality)
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What are the Emerging Trends Shaping the Future of the Cloud Storage Market?
The key trends in the cloud storage market are:
• Major advancements in technology are a significant emerging trend.
• The use and implementation of artificial intelligence and machine learning is increasing.
• Sustainability initiatives are starting to shape the future of the cloud storage market.
• Dominance of object storage and storage class tiers for cost optimization are noted emerging trends.
Who Are the Top Competitors & Leading Players in the Cloud Storage Market?
Major companies in the cloud storage market are:
• Amazon.com Inc.
• Apple Inc.
• Alphabet Inc.
• Microsoft Corporation
• Alibaba Group
• Dell Technologies Inc.
• IBM Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Tencent Cloud
• Hewlett Packard Enterprise Company
• Salesforce.com Inc.
• NetApp Inc.
• Akamai Technologies Inc.
• Rackspace hosting Inc.
• Bluehost
• Dropbox Inc.
• Endurance International Group
• Backblaze Inc.
• OVH Groupe SA
• DigitalOcean Holdings Inc.
• DreamHost LLC
• InMotion Hosting Inc.
• MEGA Cloud services Ltd.
• Hetzner Online GmbH
• Sync.com Inc.
• pCloud AG
• RamNode LLC
• ID Cloud Services LTD.
• The Constant Company LLC
• VMware Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the cloud storage market in 2024
