Object Storage Market size was valued at USD 3.8 Billion in 2024 and is projected to reach USD 12.5 Billion by 2033, exhibiting a CAGR of 14.5% from 2026 to 2033.
The global object storage market was valued at approximately USD 7.9 billion in 2022, with a compound annual growth rate (CAGR) of 22.1% expected from 2023 to 2030. The increasing adoption of cloud-based services, data analytics, and growing storage demands from enterprises are the key drivers behind this significant market growth. The expanding use of unstructured data in industries such as healthcare, finance, and retail is also contributing to the demand for efficient, scalable storage solutions. The need for high-capacity, cost-effective storage solutions further promotes the adoption of object storage technology globally.
Regionally, North America holds the largest share of the object storage market, accounting for nearly 40% of the global market in 2022. The rapid adoption of cloud computing, the presence of major technology providers, and the growing demand for data storage in the region drive this growth. Europe follows with a significant market share, while the Asia Pacific region is expected to experience the highest growth rate, with a CAGR of 24.5% during the forecast period. The rise of digital transformation, coupled with increasing data generation in emerging economies such as India and China, is accelerating the demand for object storage solutions in this region. Additionally, Latin America and the Middle East & Africa are projected to witness steady market expansion due to increasing cloud adoption and IT infrastructure development.
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Basho
CloudFounders
ETegro
Hyve
Newisys
Nexenta
Supermicro
SwiftStack
Seagate
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Object Storage Market
Object Storage
File Storage
Block Storage
Cloud Storage
On-Premises Storage
IT and Telecommunications
Healthcare
Retail
Media and Entertainment
Banking, Financial Services, and Insurance (BFSI)
Private Cloud
Public Cloud
Hybrid Cloud
Managed Services
Professional Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Object Storage Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Object Storage Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Object Storage Market, By Type
6. Global Object Storage Market, By Application
7. Global Object Storage Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Object Storage Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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