Cloud Object Storage Market Report 2026

Cloud Object Storage Market Overview

• Cloud Object Storage market size has reached to $9.44 billion in 2025 • Expected to grow to $18.79 billion in 2030 at a compound annual growth rate (CAGR) of 14.4% • Growth Driver: Rising Data Volumes Propel Growth In The Cloud Object Storage Market • Market Trend: Enhancing Data Security And Performance In The Cloud Object Storage Market • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Cloud Object Storage Market?

Cloud object storage is a type of data storage service provided by cloud computing platforms. It stores data as objects within a flat hierarchy, typically accessed via hypertext transfer protocol (HTTP) or application programming interface (API) calls. Object storage offers scalability, durability, and flexibility for storing large volumes of unstructured data, such as images, videos, and backups. The main types of services in cloud object storage include professional services and managed services. Professional services in cloud object storage include specialized services provided by experts to help organizations design, implement, and optimize their cloud storage solutions. The services are deployed in public cloud, private cloud, and hybrid cloud modes for organizations of all sizes, including large enterprises and small and medium enterprises (SMEs). End users such as social media platforms, banking, financial services, and insurance (BFSI), information technology and telecommunication, healthcare, and others

What Is The Cloud Object Storage Market Growth Forecast?

The cloud object storage market size is expected to see rapid growth in the next few years. It will grow to $18.79 billion in 2030 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing demand for cost-optimized storage solutions, rising adoption of AI and analytics workloads, expansion of hybrid and multi-cloud environments, growing focus on data security and compliance, increasing use of cloud storage optimization tools. Major trends in the forecast period include increasing adoption of scalable object storage architectures, rising demand for backup and archival storage, growing use of api-based data access, expansion of multi-cloud storage strategies, enhanced focus on data durability and redundancy.

Global Cloud Object Storage Market Segmentation

1) By Service: Professional Services, Managed Services 2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud 3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs) 4) By End User: Social Media Platforms, Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunication, Healthcare, Other End Users Subsegments: 1) By Professional Services: Consulting Services, Integration Services, Implementation Services, Training And Support Services 2) By Managed Services: Data Backup And Recovery, Cloud Storage Monitoring, Cloud Storage Optimization, Security And Compliance Management

What Is The Driver Of The Cloud Object Storage Market?

An increase in the volume of data is expected to propel the growth of the cloud object storage market going forward. Data volume refers to the amount of data stored, processed, or transmitted within a given system, network, or storage medium. The increase in the volume of data is primarily driven by the proliferation of internet-connected devices, digital services, and the growing use of data-intensive technologies like artificial intelligence and IoT. Cloud object storage is used to manage the increasing volume of data because it provides scalable, cost-effective, and accessible storage solutions for vast amounts of unstructured data generated by modern digital technologies. For instance, in March 2024, according to the Edge Delta, a US-based software company, in 2023, the world produced an estimated 120 zettabytes (ZB) of data, which amounts to roughly 337,080 petabytes (PB) per day. With approximately 5.35 billion internet users globally, this means that, on average, each user could be generating around 15.87 terabytes (TB) of data every day. Therefore, an increase in the volume of data is driving the growth of the cloud object storage industry.

Key Players In The Global Cloud Object Storage Market

Major companies operating in the cloud object storage market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., Hitachi Vantara LLC, International Business Machines Corporation, Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, NetApp Inc., Iron Mountain Incorporated, Rackspace Technology Inc., Box Inc., Alibaba Cloud Computing Co. Ltd., Quantum Corporation, DataDirect Networks Inc., Backblaze Inc., Cloudian Inc., Scality Inc., Wasabi Technologies Inc., Zadara Storage Inc., Caringo Inc., MinIO Inc.

Global Cloud Object Storage Market Trends and Insights

Major companies operating in the cloud object storage market are focusing on high-performance object storage solutions with advanced features, such as key management servers and data firewalls, to meet the growing demand for efficient and reliable storage solutions in the cloud environment. Key management servers and data firewalls refer to the integration of systems responsible for securely managing cryptographic keys and enforcing access control policies to protect sensitive data from unauthorized access or breaches. For instance, in March 2024, MinIO., a US-based high-performance object storage system, launched the MinIO Enterprise Object Store, catering to commercial clients seeking streamlined creation and administration of exabyte-scale data infrastructure. Leveraging MinIO's renowned technical expertise in object storage, this new solution is purpose-built to address the performance and scalability requirements posed by extensive AI workloads. MinIO's Enterprise solutions streamline object storage management with features like the Catalog for efficient metadata search, Cache for high-performance AI workloads, and Observability for comprehensive system monitoring, ensuring smooth operations and compliance adherence.

What Are Latest Mergers And Acquisitions In The Cloud Object Storage Market?

In January 2023, DataCore Software Corporation, a US‑based data storage technology company, acquired Object Matrix for an undisclosed amount. With this acquisition, DataCore aimed to expand its Perifery portfolio into high‑growth edge markets, especially in media and entertainment, by integrating Object Matrix’s object‑storage appliances and cloud offerings to enhance its end‑to‑end storage and workflow capabilities. Object Matrix Limited is a UK‑based company that provides cloud object storage.

Regional Insights

North America was the largest region in the cloud object storage market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Cloud Object Storage Market?

The cloud object storage market consists of revenues earned by entities by providing services such as data storage, data management, backup and archiving, disaster recovery, data security, data analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud object storage market also includes sales of storage gateway appliances, security and compliance solutions, and third-party cloud management platforms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Cloud Object Storage Market Report 2026?

The cloud object storage market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the cloud object storage industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.