Reports
Global Cloud Storage Market Size, Share, Trends, Forecast: By Component: Solutions, Service; By Deployment Type: Private, Public, Hybrid; By Organisation Size: Large Enterprise, Small and Medium Enterprise; By Industry: BFSI, Government and Public Sector, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Cloud Storage Market Outlook
The global cloud storage market attained a value of about USD 101.43 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 21.8% to reach nearly USD 597.15 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Use of Cloud Storage by Various Governments Boosting the Market Growth of Cloud Storage
Government organisations are increasingly using cloud systems owing to their cost-effectiveness to optimise their business models. It is also adopted to increase business flexibility and improve citizen services. Various government organisations are reducing their IT ownership and hardware costs by expanding their footprints through cloud services while minimising energy consumption. The rising demand to improve efficiency in the public sector is also increasing the use of cloud storage, hence augmenting the industry growth. Moreover, various governments are launching and promoting the deployment of cloud storage, which is propelling the market growth. For instance, the Niti Aayog of the Indian government launched the country’s own cloud storage and data management platform, DiGiBOXX, to offer cost-effective cloud storage services as a part of the country’s self-reliance mission in December 2020.
The increasing adoption of cloud storage in the healthcare industry to improve the focus on healthcare services is aiding the market growth. It is used to improve operational flexibility as well as increase mobility for effective healthcare systems. It can aid the fast-paced industry by providing a convenient and cost-effective platform for updating vital information regarding patient care, diagnosis, and treatment. This is expected to increase the use of cloud storage in various hospitals and nursing facilities to propel the industry growth. Moreover, it can prevent medical errors while increasing access to significant data. Hence, the surging use of cloud storage in the healthcare industry is revolutionising the industry by increasing operational efficiency and productivity, which is projected to facilitate the industry growth.
Cloud Storage: Market Segmentation
Cloud storage is a model of cloud computing that can store a large amount of data on remote servers which are accessible through the internet or cloud. It aids in managing and storing by backing data efficiently and is increasingly deployed as an alternative to storing data on storage networks and on-premise hard drivers.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major components of cloud storage are:
- Solutions
- Service
The market can be broadly categorised on the basis of its deployment types into:
- Private
- Public
- Hybrid
Based on organisation size, the market is divided into:
- Large Enterprise
- Small and Medium Enterprise
By industry, the market is classified into:
- BFSI
- Government and Public Sector
- Healthcare
- IT and Telecom
- Retail
- Manufacturing
- Media and Entertainment
- Others
The EMR report looks into the regional markets of cloud storage like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Demand for Cloud Storage Owing to the Coronavirus Pandemic to Augment the Cloud Storage Industry
The COVID-19 crisis has accelerated the market growth for cloud storage as it witnessed an exponential surge due to the prevalence of remote working conditions in the private sector. The reliability of cloud storage is increasing its use by various organisations as a significant resource for business conductivity, hence propelling the market growth. As more companies are switching to remote work permanently, the trend is expected to surge. The deployment of cost-effective cloud storage with escalated storage capacity to the presence of various companies in the market is anticipated to fuel the market growth. Moreover, the advent of the 5G technology is increasing the quality of the internet, therefore enabling fast data sharing and transfer, which is projected to surge the use of cloud storage.
The integration of the latest technologies in cloud storage to enhance its quality and offerings is projected to augment the market growth. This is increasing the deployment of artificial intelligence (AI) to offer Graphic Processing Units (GPUs) in various cloud storages to boost performance and provide a cost-effective solution to various enterprises. In addition, they nullify the risk of backup failure and lost files and ensure business conductivity. Artificial intelligence can also aid in streamlining workloads and automating repetitive tasks, hence improving data management to provide real-time information. Therefore, business users are increasingly deploying cloud storage, which is anticipated to bolster the industry growth in the forecast period.
Key Industry Players in the Global Cloud Storage Market
The report presents a detailed analysis of the following key players in the global cloud storage market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Alibaba Group Holding Limited
- Amazon Web Services, Inc.
- Dell Inc.
- Google LLC
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Microsoft Corporation
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Deployment Type, Organisation Size, Industry, Region |
| Breakup by Component | Solutions, Service |
| Breakup by Deployment Type | Private, Public, Hybrid |
| Breakup by Organisation Size | Large Enterprise, Small and Medium Enterprise |
| Breakup by Industry | BFSI, Government and Public Sector, Healthcare, IT and Telecom, Retail, Manufacturing, Media and Entertainment, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alibaba Group Holding Limited , Amazon Web Services, Inc., Dell Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Industry Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cloud Storage Market Analysis
8.1 Key Industry Highlights
8.2 Global Cloud Storage Historical Market (2018-2023)
8.3 Global Cloud Storage Market Forecast (2024-2032)
8.4 Global Cloud Storage Market by Component
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Cloud Storage Market by Deployment Type
8.5.1 Private
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Public
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Cloud Storage Market by Organisation Size
8.6.1 Large Enterprise
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprise
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Cloud Storage Market by Industry
8.7.1 BFSI
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Government and Public Sector
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 IT and Telecom
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Retail
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Manufacturing
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Media and Entertainment
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Cloud Storage Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Cloud Storage Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cloud Storage Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cloud Storage Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cloud Storage Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cloud Storage Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alibaba Group Holding Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon Web Services, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Dell Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Google LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hewlett Packard Enterprise Development LP
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 IBM Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Microsoft Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cloud Storage Market: Key Industry Highlights, 2018 and 2032
2. Global Cloud Storage Historical Market: Breakup by Components (USD Billion), 2018-2023
3. Global Cloud Storage Market Forecast: Breakup by Components (USD Billion), 2024-2032
4. Global Cloud Storage Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023
5. Global Cloud Storage Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032
6. Global Cloud Storage Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
7. Global Cloud Storage Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
8. Global Cloud Storage Historical Market: Breakup by Industry (USD Billion), 2018-2023
9. Global Cloud Storage Market Forecast: Breakup by Industry (USD Billion), 2024-2032
10. Global Cloud Storage Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Cloud Storage Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Cloud Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Cloud Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Cloud Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Cloud Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Cloud Storage Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Cloud Storage Market Structure
Key Questions Answered in the Report
In 2023, the global cloud storage market attained a value of nearly USD 101.43 billion.
The market is projected to grow at a CAGR of 21.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 597.15 billion by 2032.
The major market drivers include the rising use of cloud storage in government organisations and the healthcare sector, the increasing focus to boost business flexibility, and the growing use of cloud storage to enhance operational efficiency and productivity in various end-use sectors.
The key trends propelling the market include the growing trend of remote work, the advent of the 5G technology, and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components of cloud storage are service and solutions.
The different deployment types of cloud storage in the market are private, public, and hybrid.
The significant organisation sizes considered in the market report are large enterprises, and small and medium enterprises.
The various industries considered in the market report are BFSI, government and public sector, healthcare, IT and telecom, retail, manufacturing, and media and entertainment, among others.
The major players in the market are Alibaba Group Holding Limited, Amazon Web Services, Inc., Dell Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, and Microsoft Corporation, among others.
Analyst Review
The global cloud storage market attained a value of about USD 101.43 billion in 2023, driven by the rising use of cloud storage in the healthcare industry. Aided by the trend of remote work due to the COVID-19 pandemic, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 21.8%. The market is projected to reach nearly USD 597.15 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By components, the market is categorised into service and solutions. Based on its deployment types, the cloud storage industry can be segmented into private, public, and hybrid. On the basis of organisation sizes, the industry is divided into large enterprises, and medium and small enterprises. By industries, the market is segmented into BFSI, government and public sector, healthcare, IT and telecom, retail, manufacturing, and media and entertainment, among others. The major regional markets for cloud storage are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alibaba Group Holding Limited, Amazon Web Services, Inc., Dell Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, and Microsoft Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER