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India Cloud Storage Service Market Size | 2019-2032

India Cloud Storage Service Market Analysis, Size, and Forecast by Type, Deployment Model, Industry, and Organization Size: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: CCT15671  | Publication: August 2024  |  US$925  |  

India Cloud Storage Service Market Growth and Performance

  • 2023 saw the India cloud storage service market size rose to US$ 1.02 Billion, marking a 20.9% YoY growth.
  • DataCube Research foresees, the cloud storage service market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 5.94 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 21.2% from 2024 to 2032.
  • Within the Indian cloud storage service market, our research highlights the dominance of the cloud block storage market segment, which claimed the largest market share of 49.9% in 2023. This underscores the segment's robust position and potential for continued growth.
  • In our projections, we also pay close attention to end user dynamics. We anticipate the healthcare sector to emerge as a key driver of growth, expanding with a fastest CAGR of 22.5% during the forecast period spanning 2024 to 2032.

India Cloud Storage Service Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Type

Cloud Block Storage Market

Cloud File Storage Market

Cloud Object Storage Market

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

 

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