Cloud Native Storage Market

Figure 2: Cloud Native Storage Market, by Deployment Type, 2025 & 2034

Deployment Type Segment Insights and Overview The Cloud Native Storage Market is segmented by deployment type into cloud-based and on-premises. The cloud-based segment is expected to dominate the market throughout the forecast period, owing to its scalability, flexibility, and cost-effectiveness. The cloud-based deployment model allows businesses to access storage resources on-demand, without the need to invest in and maintain their own infrastructure. Moreover, cloud-based storage services offer a range of features, such as data replication, backup, and recovery, which make them ideal for mission-critical applications.

The Cloud Native Storage Market revenue is expected to grow significantly in the coming years, driven by the increasing adoption of cloud-native applications and the need for efficient and scalable storage solutions. The market is segmented by storage type, including block storage, file storage, and object storage. Block storage is a type of storage that provides access to raw block devices, which can be used to create and manage virtual machines and containers. File storage is a type of storage that provides access to files and directories, which can be used to store data for applications and users.

Object storage is a type of storage that provides access to objects, which can be used to store unstructured data such as images, videos, and documents. The block storage segment is expected to account for the largest share of the Cloud Native Storage Market revenue in 2023 due to its wide use in cloud-native applications. The file storage segment is expected to grow at a faster rate than the block storage segment due to the increasing demand for storage solutions for unstructured data.

The Cloud Native Storage Market is segmented into various applications, including DevOps, Big Data Analytics, Machine Learning, and Database Management. DevOps accounted for the largest revenue share in 2023 and is projected to maintain its dominance throughout the forecast period. The growing adoption of DevOps practices, such as continuous integration and continuous delivery (CI/CD), is driving the demand for cloud native storage solutions. Big Data Analytics is another key application segment, with the increasing volume and variety of data generated by enterprises.

Cloud native storage solutions provide scalable and cost-effective options for storing and managing big data, enabling organizations to derive meaningful insights and make data-driven decisions. Machine Learning and Database Management are other important application segments, with cloud native storage solutions offering benefits such as improved performance, flexibility, and scalability for these applications.

The Data Protection segment of the Cloud Native Storage Market is projected to grow significantly in the coming years due to increasing demand for secure and reliable data storage solutions. The market growth is driven by the growing volume of data generated by enterprises, rising concerns over data breaches and compliance requirements, and the adoption of cloud-native technologies. Encryption plays a crucial role in securing data at rest and in transit, preventing unauthorized access and data breaches. Disaster Recovery ensures business continuity by providing mechanisms for data backup and restoration in the event of a disaster or data loss. 

Snapshots offer point-in-time copies of data, enabling quick recovery from accidental deletions or data corruption. Replication allows data to be copied across multiple storage nodes, ensuring data availability and redundancy in case of hardware failures or network outages. The Cloud Native Storage Market revenue for Data Protection is expected to reach USD 25.43 billion in 2024, growing at a CAGR of 35.2% from 2023 to 2032. The increasing adoption of cloud-native storage solutions, the growing need for data protection, and the rising awareness of data security regulations are key factors driving the growth of this segment.

Cloud Native Storage Market Data Services Insights

The Data Services segment is projected to witness substantial growth in the Cloud Native Storage Market, with a market revenue of USD 12.5 billion in 2023 and a projected USD 45.4 billion by 2032, growing at a CAGR of 15.4%. This growth is attributed to the increasing demand for data analytics, data management, data migration, and data governance solutions. Data analytics tools help businesses analyze large volumes of data to gain insights and improve decision-making. Data management solutions enable efficient data storage, organization, and retrieval. Data migration services assist in moving data between different storage systems or cloud platforms.

Data governance solutions ensure data quality, compliance, and security. The growing adoption of cloud-native technologies, such as containers and microservices, is driving the demand for Data Services in the Cloud Native Storage Market.