x
  • Search Result for

Publication: July 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: CCT15578 
  Pages: 400+  

Global Cloud Block Storage Market Size and Forecast by Storage Type, Deployment Model, Industry, Organization Size, Use Case, Access Protocol, Performance Tier, Pricing Model, and Region: Statistics | 2019-2032

 July 2024   

Cloud Block Storage Market Growth and Performance

Key Takeaways:

  • In 2023, the global cloud block storage market size reached US$ 11.93 Billion, witnessing a YoY growth of 18.5%.
  • The market is projected to experience a significant upsurge in market revenue, reaching US$ 63.00 Billion by the end of 2032.
  • In terms of growth, the global cloud block storage market is anticipated to expand at a CAGR of 19.9% between 2024 and 2032.
  • The solid state drive (SSD) block storage segment is projected to experience a significant upsurge in market revenue, reaching US$ 37.50 Billion by the end of 2032.
  • The cloud block storage market is expected to witness an absolute dollar opportunity of US$ 51.06 Billion between 2024 and 2032.
  • Among the diverse regions within this market, North America cloud block storage market took the lead, reaching a market value of US$ 6.25 Billion in 2023.
  • The fastest growing market among regions is Latin America, experiencing a CAGR of 32.1% between 2024 and 2032.
  • While all the leading countries are still important, US ruled as the leading market in the global cloud block storage industry in 2023.
  • Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
  • The global cloud block storage market is mainly driven by the rising demand for scalable storage solutions, increased adoption of cloud services, enhanced data security features, cost efficiency, and the need for high-performance storage systems to support data-intensive applications across various industries.

Cloud Block Storage Market Scope

Analysis Period

2019-2032

  

Actual Data

2019-2023

  

Base Year

2023

  

Estimated Year

2024

  

CAGR Period

2024-2032

  
 

Research Scope

  

Storage Type

Solid State Drive (SSD) Block Storage

  

Hard Disk Drive (HDD) Block Storage

  

Hybrid Block Storage (Combination of SSD and HDD)

  

Deployment Model

Public Cloud

  

Private Cloud

  

Hybrid Cloud

  

Industry

IT and Telecom

  

Media and Entertainment

  

Energy and Power

  

Transportation and Logistics

  

Healthcare

  

BFSI

  

Retail

  

Manufacturing

  

Public Sector

  

Other

  

Organization Size

Large Enterprises

  

Mid Enterprises

  

Small Enterprises

  

Use Case

 Database Storage

  

 Virtual Machine Storage

  

 Enterprise Applications

  

 Big Data Analytics

  

 Backup and Recovery

  

 Content Management

  

 File Storage

  

 Transactional Workloads

  

Access Protocol

 iSCSI (Internet Small Computer Systems Interface)

  

 Fibre Channel

  

 SAS (Serial Attached SCSI)

  

 NVMe over Fabrics

  

Performance Tier

 High-Performance Block Storage

  

 Standard Performance Block Storage

  

 Low-Cost Block Storage

  

Pricing Model

 Pay-As-You-Go

  

 Reserved Storage

  

 Subscription-Based Storage

  

Companies Covered

Amazon Web Services, Microsoft Azure, Google Cloud, IBM Cloud, Oracle Cloud, Alibaba Cloud, DigitalOcean, Linode (Akamai), VMware Cloud, Rackspace

  
 
 
 
 

 

 

Cloud Block Storage Industry: Regional Coverage

Regional Scope

North America

US

Canada

Mexico

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

Japan

Australia

China

South Korea

India

Malaysia

Hong Kong

Indonesia

New Zealand

Singapore

Thailand

Vietnam

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Peru

Colombia

Chile

Rest of Latin America

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA
 

Sub-Regions

ASEAN

Indonesia

Malaysia

Philippines

Thailand

 

 

 

 

 

Vietnam

 

 

 

 

 

Rest of Asia Pacific

 

 

 

 

BRICS

Brazil

Russia

India

China

South Africa

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain