Decentralized Storage

Global Decentralized Storage Market to Reach US$2.3 Billion by 2030

The global market for Decentralized Storage estimated at US$672.5 Million in the year 2024, is expected to reach US$2.3 Billion by 2030, growing at a CAGR of 22.4% over the analysis period 2024-2030. Public Cloud Deployment, one of the segments analyzed in the report, is expected to record a 25.1% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Hybrid Cloud Deployment segment is estimated at 20.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$176.8 Million While China is Forecast to Grow at 21.1% CAGR

The Decentralized Storage market in the U.S. is estimated at US$176.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$343.1 Million by the year 2030 trailing a CAGR of 21.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 20.8% and 19.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

Global Decentralized Storage Market – Key Trends & Growth Drivers Summarized

Why Is Decentralized Storage Revolutionizing Data Management?

Decentralized storage is transforming how data is stored, managed, and secured by distributing files across multiple nodes instead of relying on centralized cloud storage providers. This approach enhances data privacy, reduces downtime risks, and prevents single points of failure, making it ideal for businesses and individuals concerned about data security and ownership.

With the rise of Web3, blockchain-based storage networks like Filecoin, Arweave, and Storj are gaining traction as alternatives to traditional cloud storage solutions. These networks use cryptographic encryption and incentivized data redundancy mechanisms to ensure data integrity while reducing dependency on centralized servers. As concerns over data privacy and cloud provider monopolies grow, decentralized storage is becoming an attractive option for enterprises looking to enhance data security.

What Are the Latest Innovations in Decentralized Storage?

One of the biggest advancements in decentralized storage is the integration of blockchain smart contracts, enabling automated, verifiable, and immutable data storage. This eliminates the need for intermediaries and ensures users retain full control over their stored data.

Another key innovation is the adoption of proof-of-replication (PoRep) and proof-of-space-time (PoST) consensus mechanisms, which improve data retrieval speeds and reliability. Additionally, AI-driven redundancy optimization is helping decentralized storage providers balance storage efficiency while minimizing energy consumption, making it a more sustainable alternative to centralized data centers.

How Are Market Trends and Regulatory Policies Influencing Decentralized Storage Adoption?

The increasing number of data breaches and government regulations around data sovereignty, such as GDPR and CCPA, have fueled demand for decentralized storage solutions. Organizations are looking for storage alternatives that comply with these regulations while maintaining security, privacy, and accessibility.

Market trends indicate a growing preference for hybrid storage models that integrate decentralized networks with traditional cloud infrastructure. Additionally, the rise of NFTs, metaverse applications, and Web3-driven ecosystems has further accelerated demand for decentralized storage solutions capable of handling large-scale distributed data.

What Is Driving the Growth of the Decentralized Storage Market?

The growth in the decentralized storage market is driven by the increasing need for secure, tamper-proof data storage, regulatory compliance for data privacy, and advancements in blockchain-based storage solutions. Enterprises and individuals are shifting towards decentralized storage networks to mitigate risks associated with centralized data control.

End-use expansion is another key driver, with decentralized storage being adopted in finance, healthcare, IoT, and media industries. The integration of decentralized identity verification, AI-powered data retrieval, and cloud interoperability is further accelerating adoption. Additionally, collaborations between blockchain storage providers and enterprises are fostering innovation, ensuring scalable, cost-effective, and secure data storage solutions.

SCOPE OF STUDY:

The report analyzes the Decentralized Storage market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Deployment (Public Cloud Deployment, Hybrid Cloud Deployment, Private Cloud Deployment); End-Use (Enterprises End-Use, Developers End-Use, Government and Public Sector End-Use, Individuals End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 34 Featured) -

• 0Chain
• Akash Network
• Aleph.im
• Arweave
• BitTorrent (TRON)
• Bluzelle
• Crust Network
• Filecoin (Protocol Labs)
• Hivenet
• Internxt
• Lambda
• MaidSafe (Safe Network)
• Ocean Protocol
• Opacity
• Sia (Nebulous Inc.)
• SpaceChain
• Storj Labs Inc.
• StorX
• Swarm
• Tardigrade (Storj DCS)

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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