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Cloud Storage Market Report by Component, Deployment Type, User Type, Industry Vertical, and Region 2024-2032

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    Report

  • 146 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946358
Description Jump to:
The global cloud storage market size reached US$ 100.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 428.7 Billion by 2032, exhibiting a growth rate (CAGR) of 17.6% during 2023-2032.

Cloud storage is a cloud computing model wherein data is stored on remote servers and accessed over the Internet or through a dedicated private network connection. It is maintained, operated, and managed by cloud storage service providers. It offers instant automatic backup and protection from theft and natural disasters and reduces costs for maintenance and management of the servers. Besides this, as it delivers a cost-effective and scalable alternative to storing files on on-premises hard drives or storage networks, cloud storage finds extensive applications in the manufacturing, telecommunications, media and entertainment, and information technology (IT) industries across the globe.

Cloud Storage Market Trends:

There is presently a significant rise in the amount of data created, copied and consumed globally. This, in confluence with the thriving banking, financial services and insurance (BFSI) sector, represents one of the key factors propelling the growth of the market. Moreover, cloud storage solutions are employed in the healthcare industry as they provide easier access to electronic medical records (EMR), which is pivotal for the diagnosis and treatment of patients. These solutions also offer real-time backup of medical data by allowing healthcare providers to quickly restore the data in the event of hardware failure, power loss, and data breaches ensuring minimal disruption or interruption to patient care. This, coupled with the increasing automation in different industry verticals around the world, is creating a positive outlook for the market. Furthermore, the growing adoption of the remote working on account of the coronavirus disease (COVID-19) outbreak and consequent imposition of lockdown in different countries is driving the market. Apart from this, the rising adoption of serverless cloud, which does not require leasing servers or paying for fixed amounts of storage or bandwidth, is anticipated to impel the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global cloud storage market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, deployment type, user type and industry vertical.

Breakup by Component:

  • Solution
  • Services

Breakup by Deployment Type:

  • Private
  • Public
  • Hybrid

Breakup by User Type:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by Industry Vertical:

  • BFSI
  • Government and Public Sector
  • Healthcare
  • IT and Telecom
  • Retail
  • Manufacturing
  • Media and Entertainment
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Alibaba Group Holding Limited, Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Dropbox Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Oracle Corporation and VMware Inc (Broadcom Inc.).

Key Questions Answered in This Report

1. What was the size of the global cloud storage market in 2023?
2. What is the expected growth rate of the global cloud storage market during 2024-2032?
3. What are the key factors driving the global cloud storage market?
4. What has been the impact of COVID-19 on the global cloud storage market?
5. What is the breakup of the global cloud storage market based on the component?
6. What is the breakup of the global cloud storage market based on the user type?
7. What are the key regions in the global cloud storage market?
8. Who are the key players/companies in the global cloud storage market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cloud Storage Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Type
7.1 Private
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hybrid
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by User Type
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Government and Public Sector
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Healthcare
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 IT and Telecom
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Retail
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Manufacturing
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Media and Entertainment
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alibaba Group Holding Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Amazon Web Services Inc. (Amazon.com Inc.)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 SWOT Analysis
15.3.3 Dell Technologies Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Dropbox Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Google LLC (Alphabet Inc.)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Hewlett Packard Enterprise Development LP
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Huawei Technologies Co. Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 International Business Machines Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Microsoft Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 NetApp Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Oracle Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 VMware Inc. (Broadcom Inc.)
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Cloud Storage Market: Major Drivers and Challenges
Figure 2: Global: Cloud Storage Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Cloud Storage Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Cloud Storage Market: Breakup by Component (in %), 2023
Figure 5: Global: Cloud Storage Market: Breakup by Deployment Type (in %), 2023
Figure 6: Global: Cloud Storage Market: Breakup by User Type (in %), 2023
Figure 7: Global: Cloud Storage Market: Breakup by Industry Vertical (in %), 2023
Figure 8: Global: Cloud Storage Market: Breakup by Region (in %), 2023
Figure 9: Global: Cloud Storage (Solution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Cloud Storage (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Cloud Storage (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Cloud Storage (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Cloud Storage (Private) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Cloud Storage (Private) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Cloud Storage (Public) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Cloud Storage (Public) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Cloud Storage (Hybrid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Cloud Storage (Hybrid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Cloud Storage (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Cloud Storage (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Cloud Storage (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Cloud Storage (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Cloud Storage (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Cloud Storage (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Cloud Storage (Government and Public Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Cloud Storage (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Cloud Storage (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Cloud Storage (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Cloud Storage (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Cloud Storage (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Cloud Storage (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Cloud Storage (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Cloud Storage (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Cloud Storage (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Cloud Storage (Media and Entertainment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Cloud Storage (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Cloud Storage (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Cloud Storage (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: United States: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: United States: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Canada: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Canada: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Asia-Pacific: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Asia-Pacific: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: China: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: China: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Japan: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Japan: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: India: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: India: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: South Korea: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: South Korea: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Australia: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Australia: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Indonesia: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Indonesia: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Germany: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Germany: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: France: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: France: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: United Kingdom: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: United Kingdom: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Italy: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Italy: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Spain: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Spain: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Russia: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Russia: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Latin America: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Latin America: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Brazil: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Brazil: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Mexico: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Mexico: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Middle East and Africa: Cloud Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Middle East and Africa: Cloud Storage Market: Breakup by Country (in %), 2023
Figure 87: Middle East and Africa: Cloud Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Global: Cloud Storage Industry: SWOT Analysis
Figure 89: Global: Cloud Storage Industry: Value Chain Analysis
Figure 90: Global: Cloud Storage Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Cloud Storage Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Cloud Storage Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Cloud Storage Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
Table 4: Global: Cloud Storage Market Forecast: Breakup by User Type (in Million US$), 2024-2032
Table 5: Global: Cloud Storage Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 6: Global: Cloud Storage Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Cloud Storage Market: Competitive Structure
Table 8: Global: Cloud Storage Market: Key Players

Companies Mentioned

  • Alibaba Group Holding Limited
  • Amazon Web Services Inc. (Amazon.com Inc.)
  • Dell Technologies Inc.
  • Dropbox Inc.
  • Google LLC (Alphabet Inc.)
  • Hewlett Packard Enterprise Development LP
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corporation
  • Microsoft Corporation
  • NetApp Inc.
  • Oracle Corporation
  • VMware Inc (Broadcom Inc.).

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( US$ ) in 2023 US$  100 Billion
Forecasted Market Value ( US$ ) by 2032 US$  428.7 Billion
Compound Annual Growth Rate17.6%
Regions CoveredGlobal
No. of Companies Mentioned12

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