Cloud Object Storage Market Revenue was valued at USD 11.5 Billion in 2024 and is estimated to reach USD 45.6 Billion by 2033, growing at a CAGR of 16.7% from 2026 to 2033.
In 2022, the global cloud object storage market was valued at approximately $6.7 billion, with projections indicating growth to $7.60 billion in 2024 and reaching $18.4 billion by 2032, representing a compound annual growth rate (CAGR) of 11.68% during the forecast period. This growth is driven by the increasing demand for scalable and cost effective data storage solutions across various industries. Regionally, North America held the largest market share in 2022, attributed to the presence of major technology firms, substantial investments in research and development, and advanced infrastructure. The Asia Pacific region is anticipated to experience the highest growth rate during the forecast period, fueled by rapid digital transformation, increasing adoption of cloud services, and supportive government initiatives. For instance, in March 2025, Amazon Web Services announced an $8.2 billion investment in Indias Maharashtra state to enhance cloud infrastructure, reflecting the regions growing emphasis on cloud technologies. citeturn0news10
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IBM
Dell
Hewlett-Packard Enterprise
Hitachi Data Systems
Caringo Inc.
Datadirect Networks
International Data Corporation
Netapp
Inc.
Microsoft Corporation
Elastifile
OSNEXUS
Iron Mountain
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 Cloud Object Storage Market
Public Cloud
Private Cloud
Hybrid Cloud
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
File Storage
Block Storage
Object Storage
Healthcare
Media & Entertainment
Retail
Banking, Financial Services, and Insurance (BFSI)
IT & Telecommunications
Government
Backup & Archiving
Big Data Analytics
Content Distribution
Disaster Recovery
Web Hosting
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 Cloud 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 Cloud Object Storage Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cloud Object Storage Market, By Type
6. Global Cloud Object Storage Market, By Application
7. Global Cloud Object Storage Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cloud Object Storage Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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