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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   | Format: PDF DataSheet |   Pages: 400+ | Type: Sub-Industry Report |   

 

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

2024

  

Estimated Year

2024

  

CAGR Period

2024-2032

  
 

Research Scope

  

Storage Type

Solid State Drive (SSD) Block Storag

  

Hard Disk Drive (HDD) Block Storag

  

Hybrid Block Storage (Combination of SSD and HDD

  

Deployment Model

Public Clou

  

Private Clou

  

Hybrid Clou

  

Industry

IT and Telecom

  

Media and Entertainment

  

Energy and Power

  

Transportation and Logistics

  

Healthcare

  

BFSI

  

Retail

  

Manufacturing

  

Public Sector

  

Other

  

Organization Size

Large Enterprise

  

Mid Enterprise

  

Small Enterprise

  

Use Case

 Database Storag

  

 Virtual Machine Storag

  

 Enterprise Application

  

 Big Data Analytic

  

 Backup and Recover

  

 Content Managemen

  

 File Storag

  

 Transactional Workload

  

Access Protocol

 iSCSI (Internet Small Computer Systems Interface

  

 Fibre Channe

  

 SAS (Serial Attached SCSI

  

 NVMe over Fabric

  

Performance Tier

 High-Performance Block Storag

  

 Standard Performance Block Storag

  

 Low-Cost Block Storag

  

Pricing Model

 Pay-As-You-G

  

 Reserved Storag

  

 Subscription-Based Storag

  

Companies Covered

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

  
 
 
 
 

Cloud Block Storage Industry: Regional Coverage

Regional Scope

North America

U

Canad

Mexic

Western Europe

U

German

Franc

Ital

Spai

Benelu

Nordic

Rest of Western Europ

Eastern Europe

Russi

Polan

Rest of Eastern Europ

Asia Pacific

Japa

Australi

Chin

South Kore

Indi

Malaysi

Hong Kon

Indonesi

New Zealan

Singapor

Thailan

Vietna

Philippine

Taiwa

Rest of Asia Pacifi

Latin America

Brazi

Per

Colombi

Chil

Rest of Latin Americ

MEA

Israe

South Afric

Saudi Arabi

UA

Qata

Kuwai

Oma

Bahrai

Nigeri

Keny

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*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]

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