The Cloud Native Storage Market size was valued at US$ 13.8 billion in 2022 and is projected to reach US$ 70.99 billion in 2030 with a growing CAGR of 22.72% Over the Forecast Period of 2023-2030.
the cloud native storage market is the rapid growth of containerized applications. Containers have become the de facto standard for packaging, deploying, and managing applications in cloud-native environments. As organizations embrace containerization, they require storage solutions that can seamlessly integrate with container orchestration platforms like Kubernetes. Cloud-native storage solutions are designed to meet this need by providing persistent storage for containerized applications, enabling stateful workloads to run efficiently in containerized environments.
The report highlights the current impact of COVID-19 on the Cloud Native Storage Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Cloud Native Storage Market according to the impact of COVID-19.
Another factor driving the growth of the cloud native storage market is the increasing adoption of microservices architectures. Microservices architectures break down monolithic applications into smaller, independent services that can be developed, deployed, and scaled independently. This modular approach to application development requires storage solutions that can support distributed, dynamic, and ephemeral workloads. Cloud-native storage solutions offer features such as dynamic provisioning, data replication, and multi-tenancy that are well-suited for microservices architectures
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Cloud Native Storage industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Cloud Native Storage market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
AWS, Google, IBM, Alibaba Cloud, VMWare, Huawei, Microsoft, Citrix, Tencent Cloud, Scality, Diamanti, Splunk, Arrikto, Rackspace, Robin.Io, MayaData, Minio, Rook, Trilio, Ondat, Ionir, Upcloud, Linbit.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Cloud Native Storage market.
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It has segmented the global Cloud Native Storage market
By Component
- Solutions
- Services
By Deployment
- Public Cloud
- Private Cloud
By Organization Size
- Large Enterprises
- SMEs
By Verticals
- Banking, Financial Services, & Insurance
- Government
- Healthcare & Life Sciences
- Telecommunication
- IT & ITeS
- Manufacturing
- Energy & Utilities
- Media & Entertainment
- Retail & Consumer Goods
- Other Verticals
Key Objectives of the Global Cloud Native Storage Market Report:
- The report conducts a comparative assessment of the leading market players participating in the globalCloud Native Storage
- The report marks the notable developments that have recently taken place in the Cloud Native Storage industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theCloud Native Storage market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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