Publication: July 2024
Report Type: Sub-Tracker
Report Format:
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
Report Format:
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Pages: 400+
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
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Analysis Period |
2019-2032 |
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Actual Data |
2019-2023 |
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Base Year |
2024 |
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Estimated Year |
2024 |
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CAGR Period |
2024-2032 |
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Research Scope |
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Storage Type |
Solid State Drive (SSD) Block Storag |
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Hard Disk Drive (HDD) Block Storag |
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Hybrid Block Storage (Combination of SSD and HDD |
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Deployment Model |
Public Clou |
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Private Clou |
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Hybrid Clou |
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Industry |
IT and Telecom |
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Media and Entertainment |
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Energy and Power |
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Transportation and Logistics |
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Healthcare |
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BFSI |
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Retail |
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Manufacturing |
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Public Sector |
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Other |
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Organization Size |
Large Enterprise |
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Mid Enterprise |
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Small Enterprise |
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Use Case |
Database Storag |
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Virtual Machine Storag |
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Enterprise Application |
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Big Data Analytic |
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Backup and Recover |
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Content Managemen |
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File Storag |
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Transactional Workload |
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Access Protocol |
iSCSI (Internet Small Computer Systems Interface |
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Fibre Channe |
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SAS (Serial Attached SCSI |
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NVMe over Fabric |
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Performance Tier |
High-Performance Block Storag |
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Standard Performance Block Storag |
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Low-Cost Block Storag |
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Pricing Model |
Pay-As-You-G |
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Reserved Storag |
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Subscription-Based Storag |
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Companies Covered |
Amazon Web Services, Microsoft Azure, Google Cloud, IBM Cloud, Oracle Cloud, Alibaba Cloud, DigitalOcean, Linode (Akamai), VMware Cloud, Rackspac |
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Cloud Block Storage Industry: Regional Coverage
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Regional Scope |
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North America |
U |
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Canad |
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Mexic |
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Western Europe |
U |
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German |
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Franc |
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Ital |
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Spai |
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Benelu |
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Nordic |
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Rest of Western Europ |
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Eastern Europe |
Russi |
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Polan |
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Rest of Eastern Europ |
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Asia Pacific |
Japa |
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Australi |
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Chin |
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South Kore |
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Indi |
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Malaysi |
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Hong Kon |
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Indonesi |
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New Zealan |
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Singapor |
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Thailan |
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Vietna |
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Philippine |
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Taiwa |
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Rest of Asia Pacifi |
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Latin America |
Brazi |
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Per |
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Colombi |
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Chil |
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Rest of Latin Americ |
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MEA |
Israe |
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South Afric |
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Saudi Arabi |
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UA |
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Qata |
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Kuwai |
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Oma |
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Bahrai |
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Nigeri |
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Keny |
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