Cloud Storage Market By Component (Solution, Services) , By Deployment (Private, Public, Hybrid) By User Type (Large Enterprises, Small & Medium Enterprises) By Industry Vertical (BFSI, Government & Public Sector, Healthcare, IT & Telecom, Retail, Manufacturing, Media & Entertainment, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

August 2024 | 200 pages | ID: CD679A80569EN
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Cloud Storage Market

The cloud storage market was valued at $98.8 billion in 2023 and is projected to reach $777.6 billion by 2033, growing at a CAGR of 22.5% from 2024 to 2033.

Cloud storage refers to a form of data storage for computers where files are saved on offsite pools, which are accessible over the internet. The storage facility is offered by third-party providers that host, secure, and manage the servers & associated infrastructure, ensuring instant access to data whenever required. Cloud storage is a cost-effective and scalable solution, enabling users to expand or reduce volumes as per demand.

Expansion of digitalization across diverse businesses has led to surge in data generation, thereby driving the growth of the cloud storage market for efficient data management. In addition, the flexibility available for consumers to use the storage resources as per their requirement augments the development of the market. Data as a service (DaaS) is an emerging trend in the cloud storage market, facilitating the democratization of data. DaaS provides on demand data, liberating users from the management of large data sets and enabling real-time decision-making via relevant data.

However, data storage on a third-party platform leads to significant concerns regarding data privacy and security breach, deterring several users & organization from its utility. Hence, security concerns hamper the widespread expansion of the cloud storage market. Moreover, accessing the data on cloud requires internet connectivity that acts as a limitation in underserves areas or regions with poor connectivity. This impacts the utility of cloud storage and restrains the market development. On the contrary, increasing investments in public cloud services is anticipated to enhance the attributes of cloud storage and present lucrative opportunities for the market. According to the latest updates of the spending guide by the International Data Corporation, investments in public cloud services are projected to reach $1.35 trillion by 2027. These investments are poised to open new avenues for the market by redefining storage landscape via AL, ML, and edge computing.

Segment Review

The cloud storage market is segmented into component, deployment, user type, industry vertical, and region. On the basis of component, the market is bifurcated into solution and services. By deployment, it is classified into private, public, and hybrid. As per user type, it is divided into large enterprises and small & medium enterprises. Depending on industry vertical, it is categorized into BFSI, government & public sector, healthcare, IT & telecom, retail, manufacturing, media & entertainment, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of component, the solution segment accounted for a high market share in 2023.

By deployment, the hybrid segment held a high share of the market in 2023.

As per user type, the large enterprises segment dominated the market in 2023.

Depending on industry vertical, the IT & telecom segment acquired a high stake in the market in 2023.

Region wise, North America was the highest revenue generator in the market in 2023.

Competition Analysis

The major players of the global cloud storage market include Amazon Web Services Inc, Dell Technologies Inc, Google Inc, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc., Alibaba Cloud, and VMware, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
  • End user preferences and pain points
  • Industry life cycle assessment, by region
  • Product Benchmarking / Product specification and applications
  • Product Life Cycles
  • Scenario Analysis & Growth Trend Comparison
  • Technology Trend Analysis
  • Go To Market Strategy
  • Market share analysis of players by products/segments
  • New Product Development/ Product Matrix of Key Players
  • Pain Point Analysis
  • Regulatory Guidelines
  • Strategic Recommendations
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Brands Share Analysis
  • Criss-cross segment analysis- market size and forecast
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis
Key Market Segments

By Component
  • Solution
  • Services
By Deployment
  • Private
  • Public
  • Hybrid
By User Type
  • Large Enterprises
  • Small Medium Enterprises
By Industry Vertical
  • BFSI
  • Government Public Sector
  • Healthcare
  • IT Telecom
  • Retail
  • Manufacturing
  • Media Entertainment
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Amazon Web Services Inc
  • Dell Technologies Inc
  • Google Inc
  • Hewlett Packard Enterprise Development LP
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Rackspace Hosting, Inc.
  • Alibaba Cloud
  • VMware, Inc.
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: CLOUD STORAGE MARKET, BY COMPONENT

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Component
4.2. Solution
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Services
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: CLOUD STORAGE MARKET, BY DEPLOYMENT

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Deployment
5.2. Private
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Public
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Hybrid
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: CLOUD STORAGE MARKET, BY USER TYPE

6.1. Market Overview
  6.1.1 Market Size and Forecast, By User Type
6.2. Large Enterprises
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Small Medium Enterprises
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country

CHAPTER 7: CLOUD STORAGE MARKET, BY INDUSTRY VERTICAL

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Industry Vertical
7.2. BFSI
  7.2.1. Key Market Trends, Growth Factors and Opportunities
  7.2.2. Market Size and Forecast, By Region
  7.2.3. Market Share Analysis, By Country
7.3. Government Public Sector
  7.3.1. Key Market Trends, Growth Factors and Opportunities
  7.3.2. Market Size and Forecast, By Region
  7.3.3. Market Share Analysis, By Country
7.4. Healthcare
  7.4.1. Key Market Trends, Growth Factors and Opportunities
  7.4.2. Market Size and Forecast, By Region
  7.4.3. Market Share Analysis, By Country
7.5. IT Telecom
  7.5.1. Key Market Trends, Growth Factors and Opportunities
  7.5.2. Market Size and Forecast, By Region
  7.5.3. Market Share Analysis, By Country
7.6. Retail
  7.6.1. Key Market Trends, Growth Factors and Opportunities
  7.6.2. Market Size and Forecast, By Region
  7.6.3. Market Share Analysis, By Country
7.7. Manufacturing
  7.7.1. Key Market Trends, Growth Factors and Opportunities
  7.7.2. Market Size and Forecast, By Region
  7.7.3. Market Share Analysis, By Country
7.8. Media Entertainment
  7.8.1. Key Market Trends, Growth Factors and Opportunities
  7.8.2. Market Size and Forecast, By Region
  7.8.3. Market Share Analysis, By Country
7.9. Others
  7.9.1. Key Market Trends, Growth Factors and Opportunities
  7.9.2. Market Size and Forecast, By Region
  7.9.3. Market Share Analysis, By Country

CHAPTER 8: CLOUD STORAGE MARKET, BY REGION

8.1. Market Overview
  8.1.1 Market Size and Forecast, By Region
8.2. North America
  8.2.1. Key Market Trends and Opportunities
  8.2.2. Market Size and Forecast, By Component
  8.2.3. Market Size and Forecast, By Deployment
  8.2.4. Market Size and Forecast, By User Type
  8.2.5. Market Size and Forecast, By Industry Vertical
  8.2.6. Market Size and Forecast, By Country
  8.2.7. U.S. Cloud Storage Market
    8.2.7.1. Market Size and Forecast, By Component
    8.2.7.2. Market Size and Forecast, By Deployment
    8.2.7.3. Market Size and Forecast, By User Type
    8.2.7.4. Market Size and Forecast, By Industry Vertical
  8.2.8. Canada Cloud Storage Market
    8.2.8.1. Market Size and Forecast, By Component
    8.2.8.2. Market Size and Forecast, By Deployment
    8.2.8.3. Market Size and Forecast, By User Type
    8.2.8.4. Market Size and Forecast, By Industry Vertical
8.3. Europe
  8.3.1. Key Market Trends and Opportunities
  8.3.2. Market Size and Forecast, By Component
  8.3.3. Market Size and Forecast, By Deployment
  8.3.4. Market Size and Forecast, By User Type
  8.3.5. Market Size and Forecast, By Industry Vertical
  8.3.6. Market Size and Forecast, By Country
  8.3.7. France Cloud Storage Market
    8.3.7.1. Market Size and Forecast, By Component
    8.3.7.2. Market Size and Forecast, By Deployment
    8.3.7.3. Market Size and Forecast, By User Type
    8.3.7.4. Market Size and Forecast, By Industry Vertical
  8.3.8. Germany Cloud Storage Market
    8.3.8.1. Market Size and Forecast, By Component
    8.3.8.2. Market Size and Forecast, By Deployment
    8.3.8.3. Market Size and Forecast, By User Type
    8.3.8.4. Market Size and Forecast, By Industry Vertical
  8.3.9. Italy Cloud Storage Market
    8.3.9.1. Market Size and Forecast, By Component
    8.3.9.2. Market Size and Forecast, By Deployment
    8.3.9.3. Market Size and Forecast, By User Type
    8.3.9.4. Market Size and Forecast, By Industry Vertical
  8.3.10. Spain Cloud Storage Market
    8.3.10.1. Market Size and Forecast, By Component
    8.3.10.2. Market Size and Forecast, By Deployment
    8.3.10.3. Market Size and Forecast, By User Type
    8.3.10.4. Market Size and Forecast, By Industry Vertical
  8.3.11. UK Cloud Storage Market
    8.3.11.1. Market Size and Forecast, By Component
    8.3.11.2. Market Size and Forecast, By Deployment
    8.3.11.3. Market Size and Forecast, By User Type
    8.3.11.4. Market Size and Forecast, By Industry Vertical
  8.3.12. Rest Of Europe Cloud Storage Market
    8.3.12.1. Market Size and Forecast, By Component
    8.3.12.2. Market Size and Forecast, By Deployment
    8.3.12.3. Market Size and Forecast, By User Type
    8.3.12.4. Market Size and Forecast, By Industry Vertical
8.4. Asia-Pacific
  8.4.1. Key Market Trends and Opportunities
  8.4.2. Market Size and Forecast, By Component
  8.4.3. Market Size and Forecast, By Deployment
  8.4.4. Market Size and Forecast, By User Type
  8.4.5. Market Size and Forecast, By Industry Vertical
  8.4.6. Market Size and Forecast, By Country
  8.4.7. China Cloud Storage Market
    8.4.7.1. Market Size and Forecast, By Component
    8.4.7.2. Market Size and Forecast, By Deployment
    8.4.7.3. Market Size and Forecast, By User Type
    8.4.7.4. Market Size and Forecast, By Industry Vertical
  8.4.8. Japan Cloud Storage Market
    8.4.8.1. Market Size and Forecast, By Component
    8.4.8.2. Market Size and Forecast, By Deployment
    8.4.8.3. Market Size and Forecast, By User Type
    8.4.8.4. Market Size and Forecast, By Industry Vertical
  8.4.9. India Cloud Storage Market
    8.4.9.1. Market Size and Forecast, By Component
    8.4.9.2. Market Size and Forecast, By Deployment
    8.4.9.3. Market Size and Forecast, By User Type
    8.4.9.4. Market Size and Forecast, By Industry Vertical
  8.4.10. South Korea Cloud Storage Market
    8.4.10.1. Market Size and Forecast, By Component
    8.4.10.2. Market Size and Forecast, By Deployment
    8.4.10.3. Market Size and Forecast, By User Type
    8.4.10.4. Market Size and Forecast, By Industry Vertical
  8.4.11. Australia Cloud Storage Market
    8.4.11.1. Market Size and Forecast, By Component
    8.4.11.2. Market Size and Forecast, By Deployment
    8.4.11.3. Market Size and Forecast, By User Type
    8.4.11.4. Market Size and Forecast, By Industry Vertical
  8.4.12. Rest of Asia-Pacific Cloud Storage Market
    8.4.12.1. Market Size and Forecast, By Component
    8.4.12.2. Market Size and Forecast, By Deployment
    8.4.12.3. Market Size and Forecast, By User Type
    8.4.12.4. Market Size and Forecast, By Industry Vertical
8.5. LAMEA
  8.5.1. Key Market Trends and Opportunities
  8.5.2. Market Size and Forecast, By Component
  8.5.3. Market Size and Forecast, By Deployment
  8.5.4. Market Size and Forecast, By User Type
  8.5.5. Market Size and Forecast, By Industry Vertical
  8.5.6. Market Size and Forecast, By Country
  8.5.7. Latin America Cloud Storage Market
    8.5.7.1. Market Size and Forecast, By Component
    8.5.7.2. Market Size and Forecast, By Deployment
    8.5.7.3. Market Size and Forecast, By User Type
    8.5.7.4. Market Size and Forecast, By Industry Vertical
  8.5.8. Middle East Cloud Storage Market
    8.5.8.1. Market Size and Forecast, By Component
    8.5.8.2. Market Size and Forecast, By Deployment
    8.5.8.3. Market Size and Forecast, By User Type
    8.5.8.4. Market Size and Forecast, By Industry Vertical
  8.5.9. Africa Cloud Storage Market
    8.5.9.1. Market Size and Forecast, By Component
    8.5.9.2. Market Size and Forecast, By Deployment
    8.5.9.3. Market Size and Forecast, By User Type
    8.5.9.4. Market Size and Forecast, By Industry Vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. Amazon Web Services Inc
  10.1.1. Company Overview
  10.1.2. Key Executives
  10.1.3. Company Snapshot
  10.1.4. Operating Business Segments
  10.1.5. Product Portfolio
  10.1.6. Business Performance
  10.1.7. Key Strategic Moves and Developments
10.2. Dell Technologies Inc
  10.2.1. Company Overview
  10.2.2. Key Executives
  10.2.3. Company Snapshot
  10.2.4. Operating Business Segments
  10.2.5. Product Portfolio
  10.2.6. Business Performance
  10.2.7. Key Strategic Moves and Developments
10.3. Google Inc
  10.3.1. Company Overview
  10.3.2. Key Executives
  10.3.3. Company Snapshot
  10.3.4. Operating Business Segments
  10.3.5. Product Portfolio
  10.3.6. Business Performance
  10.3.7. Key Strategic Moves and Developments
10.4. Hewlett Packard Enterprise Development LP
  10.4.1. Company Overview
  10.4.2. Key Executives
  10.4.3. Company Snapshot
  10.4.4. Operating Business Segments
  10.4.5. Product Portfolio
  10.4.6. Business Performance
  10.4.7. Key Strategic Moves and Developments
10.5. IBM Corporation
  10.5.1. Company Overview
  10.5.2. Key Executives
  10.5.3. Company Snapshot
  10.5.4. Operating Business Segments
  10.5.5. Product Portfolio
  10.5.6. Business Performance
  10.5.7. Key Strategic Moves and Developments
10.6. Microsoft Corporation
  10.6.1. Company Overview
  10.6.2. Key Executives
  10.6.3. Company Snapshot
  10.6.4. Operating Business Segments
  10.6.5. Product Portfolio
  10.6.6. Business Performance
  10.6.7. Key Strategic Moves and Developments
10.7. Oracle Corporation
  10.7.1. Company Overview
  10.7.2. Key Executives
  10.7.3. Company Snapshot
  10.7.4. Operating Business Segments
  10.7.5. Product Portfolio
  10.7.6. Business Performance
  10.7.7. Key Strategic Moves and Developments
10.8. Rackspace Hosting, Inc.
  10.8.1. Company Overview
  10.8.2. Key Executives
  10.8.3. Company Snapshot
  10.8.4. Operating Business Segments
  10.8.5. Product Portfolio
  10.8.6. Business Performance
  10.8.7. Key Strategic Moves and Developments
10.9. Alibaba Cloud
  10.9.1. Company Overview
  10.9.2. Key Executives
  10.9.3. Company Snapshot
  10.9.4. Operating Business Segments
  10.9.5. Product Portfolio
  10.9.6. Business Performance
  10.9.7. Key Strategic Moves and Developments
10.10. VMware, Inc.
  10.10.1. Company Overview
  10.10.2. Key Executives
  10.10.3. Company Snapshot
  10.10.4. Operating Business Segments
  10.10.5. Product Portfolio
  10.10.6. Business Performance
  10.10.7. Key Strategic Moves and Developments


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