Global Cloud Object Storage Market Size | 2019-2032

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

| SINGLE USER: 1,850 US$ 2,945

| MULTI USER 2,450 US$ 3,445

| ENTERPRISE USER 3,050 US$ 3,945

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Key Takeaways:

In 2023, the global cloud object storage market size reached US$ 38.69 Billion, witnessing a YoY growth of 18.1%.
The market is projected to experience a significant upsurge in market revenue, reaching US$ 124.53 Billion by the end of 2032.
In terms of growth, the global cloud object storage market is anticipated to expand at a CAGR of 13.5% between 2024 and 2032.
The standard object storage segment is projected to experience a significant upsurge in market revenue, reaching US$ 58.44 Billion by the end of 2032.
The cloud object storage market is expected to witness an absolute dollar opportunity of US$ 85.85 Billion between 2024 and 2032.
Among the diverse regions within this market, North America cloud object storage market took the lead, reaching a market value of US$ 20.38 Billion in 2023.
The fastest growing market among regions is Latin America, experiencing a CAGR of 21.9% between 2024 and 2032.
While all the leading countries are still important, US ruled as the leading market in the global cloud object 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 object storage market is mainly driven by the increasing adoption of cloud-based applications, the rise of IoT devices, and the need for efficient data backup and disaster recovery processes

Analysis Period	2019-2032
Actual Data	2019-2023
Base Year	2023
Estimated Year	2024
CAGR Period	2024-2032
	Research Scope
Storage Type	Standard Object Storage
	Archive Object Storage
	High-Performance Object Storage
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	Backup and Recovery
	Archiving
	Content Distribution
	Big Data Analytics
	Media and Entertainment Storage
	IoT Data Storage
	Web and Mobile Applications
	Enterprise Collaboration
	Compliance and Regulatory Storage
Performance Tier	Standard Performance Object Storage
	High-Performance Object Storage
	Economical/Cold Storage Object Storage
Pricing Model	Pay-As-You-Go
	Reserved Storage
	Subscription-Based Storage
Companies Covered	Amazon Web Services (AWS), Microsoft, Google, IBM, Alibaba, Oracle, Digital Ocean, Dell Technologies, Hewlett Packard Enterprise, Hitachi

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