Cloud Native Storage Market: A Look at the Industry's Growth and Future Prospects

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Increase in data volume across enterprises is a significant factor driving the global cloud native storage market revenue growth

The Global Cloud Native Storage Market Report is a panoramic study of the overall Cloud Native Storage Market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Cloud Native Storage Market. The report provides a detailed analysis of the key factors of the Cloud Native Storage Market that are expected to have a positive impact on the growth of the Cloud Native Storage Market industry.

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The global cloud native storage market size is expected to reach USD 71.87 Billion in 2030, and register a steady revenue CAGR of 23.1% during the forecast period. Increase in automation in application updates can be attributed to the steady market revenue growth of cloud native storage. Technologies that are cloud native were created with scalability in mind. They are therefore built for resilience and quick, widespread change.

Instead of running in a single instance, on-premises operating systems, cloud native programmes are executed in contemporary, dynamic environments including public clouds, private clouds, and hybrid clouds. Micro services architecture is used to build cloud native apps, which are composed of smaller (micro) parts that are containerized to enable cross-infrastructure testing. The software application can be updated using Continuous Integration and Continuous Delivery (CI/CD) operational principles as the micro services are in containers. Without any downtime, CI/CD enables the updating, testing, and pushing live of the micro services contained in a single container.

The report studies the impact of the COVID-19 pandemic on the Cloud Native Storage market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

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Emergen Research has segmented global cloud native storage market on the basis of component, deployment type, vertical, and region:

  • Component Outlook (Revenue, USD Million; 2019–2030)

    • Solutions
      1. Object Storage
      2. Block Storage
      3. File Storage
    • Services
      1. Consulting
      2. Integration Implementation
      3. Training, Support, Maintenance
  • Deployment Type Outlook (Revenue, USD Million; 2019–2030)

    • Public Cloud
    • Private Cloud
  • Vertical Outlook (Revenue, USD Million; 2019–2030)

    • Banking, Financial Services, Insurance
    • Telecommunications
    • Retail Consumer Goods
    • IT ITES
    • Healthcare Life Sciences
    • Manufacturing
    • Media Entertainment
    • Government Public Sector
    • Energy Utilities
    • Other Verticals

Competitive Outlook:

The global Cloud Native Storage market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Cloud Native Storage market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Key Companies Profiled in the Report are:

Microsoft Corporation, The International Business Machines Corporation (IBM), Amazon Web Services, Inc., Google LLC, Alibaba Cloud, Hewlett Packard Enterprise Development LP, Dell Inc., NetApp, Pure Storage, Inc., and Suse

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Key regions in the market include:

North America

U.S.

Canada

Europe

U.K.

Italy

Germany

France

Rest of EU

Asia Pacific

India

Japan

China

South Korea

Australia

Rest of APAC

Latin America

Chile

Brazil

Argentina

Rest of Latin America

Middle East Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Additional information offered by the report:

Along with a complete overview of the global Cloud Native Storage market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels. 

The report elaborates on the global Cloud Native Storage market size and share governed by the major geographies.

 It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.

It further presents a detailed description of the company profiles of the key market contenders.

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