Global Cloud Object Storage Market Size and Forecast by Storage Type, Deployment Model, Industry, Organization Size, Use Case, Pricing Model, and Region: Statistics | 2019-2032
August 2024
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Pages: 400+
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Type: Sub-Industry Report
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MARKET OUTLOOK
Cloud Object Storage Market Growth and Performance
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
Cloud Object 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 |
Standard Object Storag |
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Archive Object Storag |
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High-Performance Object Storag |
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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 |
Backup and Recover |
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Archivin |
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Content Distributio |
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Big Data Analytic |
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Media and Entertainment Storag |
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IoT Data Storag |
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Web and Mobile Application |
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Enterprise Collaboratio |
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Compliance and Regulatory Storag |
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Performance Tier |
Standard Performance Object Storag |
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High-Performance Object Storag |
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Economical/Cold Storage Object 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 (AWS), Microsoft, Google, IBM, Alibaba, Oracle, Digital Ocean, Dell Technologies, Hewlett Packard Enterprise, Hitach |
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Cloud Object 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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Turke |
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Rest of ME |
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Sub-Regions |
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ASEAN |
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