Global Cloud Storage Services Market 2025-2029

Cloud Storage Services Market 2025-2029

The cloud storage services market is forecasted to grow by USD 243.8 billion during 2024-2029, accelerating at a CAGR of 27.7% during the forecast period. The report on the cloud storage services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in data generation, need for low capex and opex on it hardware, and significant growth in IOT and big data.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's cloud storage services market is segmented as below:

By Component

• Solutions
• Services

By Type

• Large enterprises
• SMEs

By End-user

• IT and telecom
• BFSI
• Government and public sector
• Healthcare
• Others

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the high adoption of cloud storage services by SMEs as one of the prime reasons driving the cloud storage services market growth during the next few years. Also, increasing partnerships and collaborations and emergence of advanced storage technologies will lead to sizable demand in the market.

The report on the cloud storage services market covers the following areas:

• Cloud Storage Services Market sizing
• Cloud Storage Services Market forecast
• Cloud Storage Services Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud storage services market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cloud Software Group Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., InterVision Systems LLC, Microsoft Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Pure Storage Inc., Rackspace Technology Inc., ServiceNow Inc., Tencent Holdings Ltd., and Toshiba Corp.. Also, the cloud storage services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.