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The cloud native storage market size has grown exponentially in recent years. It will grow from $19.78 billion in 2023 to $24.05 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%.  The growth in the historic period can be attributed to increased data explosion, increased containerization trend, increased cost efficiency, increased enhanced flexibility and scalability, API-driven architectures.

The cloud native storage market size is expected to see exponential growth in the next few years. It will grow to $51.85 billion in 2028 at a compound annual growth rate (CAGR) of 21.15%.  The growth in the forecast period can be attributed to increasing edge computing growth, increasing multi-cloud adoption, increasing security and compliance requirements, increasing focus on performance optimization. Major trends in the forecast period include hybrid cloud solutions, adoption of cloud technologies, data management and orchestration tools, persistent storage for stateful applications, security-driven storage solutions.

The growing adoption of hybrid and multi-cloud strategies is expected to propel the growth of the cloud-native storage market going forward. Hybrid and multi-cloud strategies refer to the use of multiple cloud services, such as public and private clouds, from different providers to meet various business needs. The adoption of hybrid and multi-cloud strategies is due to increased due to efficient streamline processes, several factors that address the evolving needs of businesses, organizations, and individuals. Cloud-native storage is used in hybrid and multi-cloud strategies to provide organizations with the flexibility, scalability, and resilience needed to manage data across diverse cloud environments.

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What Are The Key Trends That Influence Cloud Native Storage Market Share Analysis?

Major companies operating in the cloud-native storage market are concentrating on innovative advancements such as solarwinds observability, a new cloud-native SaaS observability platform. This platform refers to a set of tools designed to help organizations monitor and manage their IT infrastructure, applications, and services effectively.

Which Market Players Are Driving Growth In The Cloud Native Storage Market?

Major companies operating in the cloud native storage market are Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corporation, Google Cloud Platform, VMware Inc., NetApp Inc., Citrix Systems Inc., Nexenta Inc., Pure Storage Inc., Longhorn Inc., Scality Inc., DataCore Software Corp., StorCentric Inc., Zadara Storage Inc., Diamanti Inc., Rookout Inc. , Kasten Inc., Tiger Technology Ltd., Robin.io Inc., MinIO Inc., WekaIO Inc., Quobyte Inc., Portworx Inc., OpenEBS Inc.

How Is The Global Cloud Native Storage Market Segmented?

1) By Component: Solution; Services
2) By Deployment Model: Public Cloud; Private Cloud; Hybrid Cloud
3) By Application: Backup And Recovery; Content Delivery; Big Data And Analytics; Data Archiving; Database Storage Management; Other Applications
4) By End-use Industry: Banking, Financial Services And Insurance; Information Technology And Telecom; Healthcare; Retail And Consumer Goods; Manufacturing; Government; Energy And Utilities; Media And Entertainment; Other End-users

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The Cloud Native Storage Global Market Report 2024 provides an overview of the cloud native storagemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud native storage market forecast analyzes cloud native storage market size, cloud native storage market share, leading competitor and their market positions.

The Table Of Content For The Cloud Native Storage Market Include

1. Cloud Native Storage Market Executive Summary
2. Cloud Native Storage Market Segments
3. Cloud Native Storage Market Size And Template Market Growth Rate
4.  Key Cloud Native Storage Market Trends
5. Major Cloud Native Storage Market Drivers
……
25. Key Mergers And Acquisitions In The Cloud Native Storage Market
26. Top Cloud Native Storage Companies
27. Cloud Native Storage Market Opportunities And Strategies
28. Cloud Native Storage Market, Conclusions And Recommendations
29. Appendix

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