Cloud Native Storage
Cloud Native Storage Market by Component (Services, Solutions), Organization Size (Large Enterprises, SMEs), Deployment Type, Vertical - Global Forecast 2024-2030
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[191 Pages Report] The Cloud Native Storage Market size was estimated at USD 17.63 billion in 2023 and expected to reach USD 21.84 billion in 2024, at a CAGR 23.97% to reach USD 79.38 billion by 2030.

The cloud native storage market encompasses the solutions, services, and technologies designed to address the unique requirements of modern applications built on containerized architectures, microservices, serverless computing, and other cloud-native paradigms. These storage systems are inherently scalable, highly available, and optimized for high performance in dynamic environments. Cloud native storage systems cater to various applications across different industry verticals, which support both stateful and stateless applications that require varying levels of data persistence, ranging from simple file serving to complex database management systems. Several factors are driving the growth of the cloud native storage market, including digital transformation initiatives, an increase in containerized workloads, a rise in multi-cloud deployments, and higher requirements for data security and compliance. Data migration complexities, skill gaps, and talent shortages created challenges for market growth. Along with these, security vulnerabilities and privacy risks associated with hosting sensitive data in third-party infrastructure are other factors that challenge the development of the cloud native storage market. However, innovation in AI-driven data management, along with developing solutions that help customers navigate complex regulatory landscapes, is enabling players to capitalize on the cloud native storage market's potential.

Regional Insights

The United States has remained one of the major countries to hold a significant share of the cloud native storage market due to its well-established IT infrastructure, early adoption of cloud technologies, higher spending on research & development activities, and presence of key players. Canada is also witnessing significant growth in this sector, driven by an expanding startup ecosystem and government initiatives supporting technological innovation. The European Union (EU) countries are embracing cloud native storage solutions, with major countries such as Germany, France, and the United Kingdom witnessing strategic development. The EU's General Data Protection Regulation (GDPR) has prompted organizations to adopt advanced storage technologies that ensure data security and compliance. Additionally, European research projects such as H2020-ICT and EuroHPC Joint Undertaking are fostering collaboration between industry and academia to drive innovation in cloud-native storage solutions. Middle Eastern countries such as the United Arab Emirates (UAE), Saudi Arabia, and Israel are investing heavily in digital transformation efforts. They leverage cloud native storage to facilitate faster application development cycles while maintaining data security and compliance with local regulations. Asia-Pacific presents lucrative opportunities for cloud native storage providers owing to rapid economic growth and an ever-increasing data generation from various sectors such as e-commerce, telecommunication, and government initiatives towards digital transformation. The increasing investments in IT infrastructure and the growing presence of global cloud service providers in the region drive the adoption of cloud native storage solutions. Additionally, increasing focus on data localization laws, particularly in countries such as China and India, further boost the demand for locally available storage solutions, providing a significant push to the overall market growth.

Cloud Native Storage Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Cloud Native Storage Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increased container adoption across organizations
    • Growing digital transformation initiatives with an increase in data volume across enterprises
  • Market Restraints
    • Data migration issues with cloud native storage
  • Market Opportunities
    • Continuous advancements in cloud native storage solutions
    • High potential of cloud native storage solutions across SMEs
  • Market Challenges
    • Problems related to infrastructure selection, security & compliance, and reliability
Market Segmentation Analysis
  • Component: Efficient cloud-native storage solutions to cater demand across artificial intelligence (AI) and edge computing

    Services in cloud native storage are divided into three subcategories, including consulting, integration, and support & maintenance services, with each of these services catering to different aspects of an organization's cloud storage requirements. The consulting services are essential for businesses looking to transition towards cloud-native storage or optimize their existing cloud infrastructure, which entails assessing current systems and needs and providing strategic guidance on adopting best practices, choosing appropriate solutions, and planning for future growth. Integration & implementation services deliver end-to-end support throughout the implementation process, from installation and configuration to customization and integration with existing applications or third-party tools. Providers in this space ensure clients can seamlessly adopt cloud-native storage technologies without disrupting their operations or compromising performance. Integration & implementation services cover various aspects such as data migration planning, proof of concept development, platform setup/configuration, and API integrations. Training, support & maintenance services help to maximize return on investment (ROI) and ensure long-term success; businesses need ongoing assistance in managing and optimizing their cloud-native storage infrastructure. The training, support & maintenance segment addresses this need by providing comprehensive support services such as technical training for IT teams, 24x7 remote monitoring, troubleshooting, resolving issues or bugs, periodic system health checks/audits, software patches/updates rollouts, and security threat management. The solutions segment comprises a variety of products that cater to different organization sizes, industries, and use cases. Primary types include object-based storage systems, file-based storage systems, and block-based storage systems. Block storage operates by dividing data into fixed-sized blocks, which are stored separately with unique identifiers. This approach offers several benefits, including high performance, low latency, and granular control over data manipulation. Enterprises often implement block storage for applications requiring high throughput and low-latency operations, such as databases and virtual machines. File storage offers a simple and familiar way of managing files while providing features such as access control lists (ACLs) and metadata management. File storage services are typically used for file-based applications such as content management systems (CMS), big-data analytics platforms, backup systems, and file sharing applications that require multi-instance read-and-write capabilities. Object storage serves as a highly scalable solution designed for storing unstructured data such as images, videos, and documents in large-scale environments at petabyte levels or beyond. Unlike block and file storage, object storage uses a flat address space with unique identifiers for each object. This architecture enables superior horizontal scaling capabilities while maintaining high levels of durability and redundancy. Along with these, continued investment in research and development activities has facilitated the creation of more advanced and efficient cloud-native storage solutions that cater to emerging trends such as artificial intelligence (AI), machine learning (ML), edge computing, and serverless architectures.

  • Organization Size: Rising demand of cost-effective cloud native storage across SMEs

    Large organizations with employee sizes over 250 often manage complex IT infrastructures, with massive amounts of data generated daily, where organizations require highly scalable, reliable, and secure storage solutions that can be seamlessly integrated with their existing systems. For these companies, key factors driving the adoption of cloud-native storage include high performance, data protection capabilities such as encryption and access control, multi-cloud compatibility, advanced analytics features for timely insights from data, and ease of integration with other enterprise applications. On the other hand, SMEs with an employee count between 10 and 249 usually have limited resources and less complex IT environments than large enterprises. They seek cost-effective, easy-to-implement storage solutions that help them stay agile in today's competitive market. For SMEs, software-defined storage (SDS) solutions have emerged as a popular choice, offering flexibility and cost efficiency by abstracting storage services from the underlying hardware.

  • Deployment: Increasing utilization of private cloud native solution by end-users

    The private cloud represents organizations that deploy their dedicated infrastructure within their data centers or through managed services providers. These companies typically prioritize data security, compliance, and control over their IT resources, which makes them inclined towards using private clouds for deploying cloud native storage solutions. Industries such as finance, healthcare, government agencies, or other sectors with strict regulatory requirements opt for private clouds. The public cloud segment encompasses businesses that leverage third-party services to host their applications and store data on a shared infrastructure. Cloud native storage solutions offered by major public cloud providers comprise diverse capabilities such as block storage, file storage, and object storage. They also provide seamless integration with other cloud-native services for container orchestration and serverless computing platforms.

  • Vertical: Exponential adoption of cloud native storage in real-time financial service operations

    The BFSI sector has significantly shifted towards digital transformation and adopting advanced technologies to enhance customer experiences and operational efficiency. Cloud native storage enables the BFSI sector to manage the growing volume of data generated by online transactions and meet stringent regulatory compliance requirements. As energy and utility companies transform their infrastructure with smart grids and IoT devices, they generate massive volumes of data that require efficient management and analysis. Cloud native storage offers a reliable solution to store this data securely while ensuring high performance and easy access for time-sensitive applications such as predictive analytics for resource allocation and demand forecasting. Public sector organizations increasingly adopt cloud native technologies to deliver better citizen services while optimizing costs. Cloud native storage allows government agencies to consolidate their data in a centralized repository for easy access by different departments while maintaining security and compliance standards. This streamlined approach helps reduce silos between agencies and fosters collaboration on critical initiatives such as disaster response or public health monitoring. The healthcare industry is witnessing rapid digital transformation, with the adoption of electronic health records (EHR), telemedicine, and patient monitoring systems. Cloud native storage enables healthcare organizations to store and manage large volumes of patient data securely while ensuring compliance with strict regulations. Cloud native storage plays a crucial role in IT and telecommunications by providing flexibility in managing data across distributed systems and simplifying network management by allowing seamless integration with various cloud platforms. Moreover, it supports real-time analytics on network performance and usage patterns to optimize resource allocation. Cloud native storage offers a robust solution to store the vast amounts of data generated from these technologies while enabling real-time analytics for predictive maintenance, quality control, and supply chain optimization across the manufacturing sector. The media and entertainment industry heavily relies on cloud native storage solutions for managing large volumes of multimedia content such as video streaming or virtual reality applications. Retailers leverage cloud native storage solutions to enhance customer experiences through personalized recommendations based on big data analytics and AI-driven insights.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Cloud Native Storage Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Cloud Native Storage Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cloud Native Storage Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Cloud Native Storage Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Cloud Native Storage Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Cloud Native Storage Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Cloud Native Storage Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Cloud Native Storage Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Cloud Native Storage Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Cloud Native Storage Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cloud Native Storage Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cloud Native Storage Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • ManageEngine Launches Cloud-Native Identity Platform

    ManageEngine, the enterprise IT management division of Zoho Corporation, has recently launched Identity360, a cloud-native identity management platform that offers simplified solutions for managing enterprise workforces. The platform incorporates access certification and identity risk assessment functionalities into ADManager Plus, an on-premises IGA solution, to enhance compliance posture and mitigate security risks. [Published On: 2023-10-18]

  • Red Hat, Inc. and Oracle Expand Collaboration to Bring Red Hat OpenShift to Oracle Cloud Infrastructure

    Red Hat, Inc. and Oracle Corporation have expanded their alliance, providing customers with more options for deploying applications on Oracle Cloud Infrastructure (OCI). This expansion allows Red Hat OpenShift to be supported and certified on OCI, allowing customers to confidently install and run workloads on Red Hat OpenShift with the assurance of support from both Oracle and Red Hat. [Published On: 2023-09-20]

  • CrowdStrike To Acquire Bionic to Boost Cloud-Native App Security

    CrowdStrike Holdings, Inc. has acquired Bionic, a startup, to enhance its security capabilities for cloud-native applications. The acquisition is expected to cost USD 350 million and incorporate Application Security Posture Management technology into CrowdStrike's Cloud Native Application Protection Platform (CNAPP). With this acquisition, CrowdStrike can offer comprehensive risk visibility and protection for the entire cloud estate, from code to runtime. [Published On: 2023-09-19]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cloud Native Storage Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cloud Native Storage Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Adobe Inc., Alibaba Cloud International by Alibaba Group Holding Limited, Amazon Web Services, Inc., Arrikto Inc., Atos SE, Cisco Systems, Inc., Cloudian Inc., DataCore Software Corporation, Dell Technologies Inc., Diamanti, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Hyland Software, Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, LINBIT HA-Solutions GmbH, Microsoft Corporation, MinIO, Inc., NetApp, Inc., NVIDIA Corporation, Oracle Corporation, Pure Storage Inc., Rackspace Technology, Inc., Rakuten Group, Inc., Scality Inc., SUSE S.A., Tata Consultancy Services Limited, Tencent Holdings Ltd., UpCloud Oy, Veritas Technologies LLC, VMware, Inc. by Broadcom Inc., and Wipro Limited.

Cloud Native Storage Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Cloud Native Storage Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
      • Consulting
      • Integration & Implementation
      • Training, Support & Maintenance
    • Solutions
      • Block Storage
      • File Storage
      • Object Storage
  • Organization Size
    • Large Enterprises
    • SMEs
  • Deployment Type
    • Private Cloud
    • Public Cloud
  • Vertical
    • Banking, Financial Services, & Insurance
    • Energy & Utilities
    • Government
    • Healthcare & Life Sciences
    • IT & Telecommunication
    • Manufacturing
    • Media & Entertainment
    • Retail & Consumer Goods

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Cloud Native Storage Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Cloud Native Storage Market, by Component
  7. Cloud Native Storage Market, by Organization Size
  8. Cloud Native Storage Market, by Deployment Type
  9. Cloud Native Storage Market, by Vertical
  10. Americas Cloud Native Storage Market
  11. Asia-Pacific Cloud Native Storage Market
  12. Europe, Middle East & Africa Cloud Native Storage Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 560]
  17. List of Companies Mentioned [Total: 36]
Frequently Asked Questions
  1. How big is the Cloud Native Storage Market?
    Ans. The Global Cloud Native Storage Market size was estimated at USD 17.63 billion in 2023 and expected to reach USD 21.84 billion in 2024.
  2. What is the Cloud Native Storage Market growth?
    Ans. The Global Cloud Native Storage Market to grow USD 79.38 billion by 2030, at a CAGR of 23.97%
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