클라우드 스토리지 시장 : 시장 규모, 점유율 및 성장률, 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of cloud storage Market

The global cloud storage market is witnessing substantial growth due to increasing digitalization, rising data volumes, and the adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and analytics. The market was valued at USD 161.28 billion in 2025 and is projected to grow from USD 197.8 billion in 2026 to USD 809.99 billion by 2034, exhibiting a CAGR of 19.30% during the forecast period. North America dominates the market, with a 46.4% share in 2025, driven by the presence of major cloud providers and technological infrastructure. The U.S. cloud storage market alone is projected to reach USD 4,776.8 million by 2032.

Overview of Cloud Storage Technology

Cloud storage refers to internet-based storage solutions that allow users to store, access, and manage data on-demand using a pay-as-you-go model. Leading providers include Amazon Web Services (AWS) with Amazon S3 and EFS, Google Cloud with Filestore and persistent disk storage, and Oracle offering file, block, and object storage solutions. Cloud storage provides global scalability, agility, remote access, and enhanced data durability, making it ideal for enterprises managing large volumes of unstructured data.

The COVID-19 pandemic significantly accelerated cloud adoption. Remote work requirements, increased collaboration tools, and a surge in digital data created heightened demand for cloud-based storage solutions. For instance, during 2020, the cloud storage market observed a growth rate of 13.7% compared to 9.3% in 2019, highlighting the accelerated adoption driven by the remote workforce.

Market Trends

The rising adoption of multi-cloud and hybrid cloud strategies is a key market trend. Organizations leverage multiple cloud providers to optimize costs, achieve geographic diversity, and use specialized services while reducing vendor lock-in risks. Hybrid cloud solutions, which combine on-premises infrastructure with public and private cloud resources, allow enterprises to maintain control over sensitive data while benefiting from cloud scalability.

Cloud analytics and social media integration also drive growth. Enterprises increasingly rely on cloud analytics for real-time insights and decision-making, while social media platforms utilize cloud storage to handle massive volumes of images and videos. For example, in October 2020, Facebook partnered with Backblaze for secure cloud-based storage of social media content.

Market Growth Factors

The exponential growth in data volumes is fueling demand for cloud storage. IoT devices, high-resolution videos (4K/8K), connected autonomous systems, and AI-driven applications contribute to significant data generation. Companies like NextBillion AI partnered with Google Cloud in 2021 to leverage cloud storage for AI solutions, ensuring data protection and high uptime. Similarly, Ford Motor Company partnered with Google Cloud to enhance connected vehicle services using cloud infrastructure.

Restraints

Despite growth, the market faces challenges related to data privacy, security, and regulatory compliance. Stringent government regulations, such as provisions in India's IT Act 2000, limit cloud usage for sensitive data. Concerns regarding control over off-premises data and the operational reliability of service providers act as potential barriers, particularly in developing regions.

Market Segmentation Analysis

• By Component: Storage models (file, block, object storage) dominate. Block storage holds a major share of 68% in 2026 due to high reliability and performance. File storage is projected to record the highest CAGR, driven by enterprise demand. Services like training, support, and maintenance are also gaining traction.
• By Type: Public cloud dominates with 63.71% market share in 2026 due to rising user spending. Private cloud shows steady growth due to enhanced security, while hybrid cloud adoption is increasing due to flexibility, agility, and control over infrastructure.
• By Enterprise Type: Large enterprises account for 70.3% of revenue in 2026, driven by extensive data management needs and virtual workforce adoption. SMEs show higher CAGR due to growing cloud adoption post-pandemic.
• By Vertical: BFSI dominates with 22.22% share in 2026, supported by digital banking and fintech adoption. Healthcare & life sciences are expected to grow rapidly, driven by real-time health data and AR/VR technology adoption. Telecom, government, manufacturing, and retail also contribute significantly.

Regional Insights

• North America: Market size of USD 74.79 billion in 2025, driven by U.S. cloud providers and data center expansion. The U.S. alone reaches USD 39.51 billion in 2026.
• Europe: Growth supported by cloud adoption initiatives; UK projected at USD 7.6 billion, Germany at USD 6.68 billion in 2026.
• Asia Pacific: Fastest-growing region due to digital transformation in India, China, Japan, South Korea. China projected at USD 12.65 billion, India at USD 8.32 billion, Japan at USD 9.62 billion in 2026.
• Middle East & Africa: Growth driven by new data centers and rising smartphone penetration.
• South America: Steady growth due to government initiatives in Brazil, Argentina, and Chile, with increased digital banking adoption.

Competitive Landscape

Key players include Amazon Web Services, IBM, Oracle, Microsoft, Dell Technologies, VMware, Alibaba, Dropbox, and Google. Companies focus on product enhancements, partnerships, and hybrid cloud offerings to increase market share. Recent developments include IBM-Wasabi collaboration (2023), Dell-Snowflake partnership (2022), and HPE's new file/block storage services (2023).

Conclusion

The global cloud storage market is set to grow from USD 161.28 billion in 2025 to USD 809.99 billion by 2034, driven by digital transformation, increasing data volumes, and adoption of AI, IoT, and hybrid cloud strategies. North America leads in market share, while Asia Pacific shows the fastest growth. Despite challenges in data privacy and security, the market's expansion is fueled by enterprise cloud adoption across BFSI, healthcare, telecom, and retail industries, making cloud storage an essential technology for the modern digital economy.

Segmentation By Component

• Storage Model
  • Object Storage
  • File Storage
  • Block Storage
• Services

By Type

• Public
• Private
• Hybrid

By Enterprise Type

• Small and Medium Enterprises (SMEs)
• Large Enterprises

By Vertical

• BFSI
• IT and Telecommunication
• Government and Public Sector
• Manufacturing
• Healthcare and Life Science
• Retail and Consumer Goods
• Media and Entertainment
• Others (Energy & Utilities, Chemical, Travel & Hospitality etc.)

By Region

• North America
  • U.S. (By Vertical)
  • Canada (By Vertical)
  • Mexico (By Vertical)
• South America
  • Brazil (By Vertical)
  • Argentina (By Vertical)
  • Rest of South America
• Europe
  • U.K. (By Vertical)
  • Germany (By Vertical)
  • France (By Vertical)
  • Italy (By Vertical)
  • Spain (By Vertical)
  • Russia (By Vertical)
  • Benelux (By Vertical)
  • Nordics (By Vertical)
  • Rest of Europe
• The Middle East & Africa
  • Turkey (By Vertical)
  • Israel (By Vertical)
  • GCC (By Vertical)
  • South Africa (By Vertical)
  • North Africa (By Vertical)
  • Rest of the Middle East & Africa
• Asia Pacific
  • China (By Vertical)
  • Japan (By Vertical)
  • India (By Vertical)
  • South Korea (By Vertical)
  • ASEAN (By Vertical)
  • Oceania (By Vertical)
  • Rest of Asia Pacific

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Cloud Storage Key Players Market Share Insights and Analysis, 2025

5. Global Cloud Storage Market Size Estimates and Forecasts, By Segments, 2021-2034

• 5.1. Key Findings
• 5.2. By Type (USD)
  • 5.2.1. Public Cloud
  • 5.2.2. Private Cloud
  • 5.2.3. Hybrid
• 5.3. By Component (USD)
  • 5.3.1. Storage Model
    • 5.3.1.1. Object Storage
    • 5.3.1.2. File Storage
    • 5.3.1.3. Block Storage
  • 5.3.2. Services
• 5.4. By Enterprise Type (USD)
  • 5.4.1. SMEs
  • 5.4.2. Large Enterprises
• 5.5. By Vertical (USD)
  • 5.5.1. BFSI
  • 5.5.2. IT & Telecommunication
  • 5.5.3. Government & Public Sector
  • 5.5.4. Manufacturing
  • 5.5.5. Healthcare & Life Sciences
  • 5.5.6. Retail & Consumer Goods
  • 5.5.7. Media & Entertainment
  • 5.5.8. Others (Energy & Utilities, Travel & Hospitality, etc.)
• 5.6. By Region (USD)
  • 5.6.1. North America
  • 5.6.2. South America
  • 5.6.3. Europe
  • 5.6.4. The Middle East & Africa
  • 5.6.5. Asia Pacific

6. North America Cloud Storage Market Size Estimates and Forecasts, By Segments, 2021-2034

• 6.1. Key Findings
• 6.2. By Type (USD)
  • 6.2.1. Public Cloud
  • 6.2.2. Private Cloud
  • 6.2.3. Hybrid
• 6.3. By Component (USD)
  • 6.3.1. Storage Model
    • 6.3.1.1. Object Storage
    • 6.3.1.2. File Storage
    • 6.3.1.3. Block Storage
  • 6.3.2. Services
• 6.4. By Enterprise Type (USD)
  • 6.4.1. SMEs
  • 6.4.2. Large Enterprises
• 6.5. By Vertical (USD)
  • 6.5.1. BFSI
  • 6.5.2. IT & Telecommunication
  • 6.5.3. Government & Public Sector
  • 6.5.4. Manufacturing
  • 6.5.5. Healthcare & Life Sciences
  • 6.5.6. Retail & Consumer Goods
  • 6.5.7. Media & Entertainment
  • 6.5.8. Others (Energy & Utilities, Travel & Hospitality, etc.)
• 6.6. By Country (USD)
  • 6.6.1. United States
    • 6.6.1.1. By Vertical
  • 6.6.2. Canada
    • 6.6.2.1. By Vertical
  • 6.6.3. Mexico
    • 6.6.3.1. By Vertical

7. South America Cloud Storage Market Size Estimates and Forecasts, By Segments, 2021-2034

• 7.1. Key Findings
• 7.2. By Type (USD)
  • 7.2.1. Public Cloud
  • 7.2.2. Private Cloud
  • 7.2.3. Hybrid
• 7.3. By Component (USD)
  • 7.3.1. Storage Model
    • 7.3.1.1. Object Storage
    • 7.3.1.2. File Storage
    • 7.3.1.3. Block Storage
  • 7.3.2. Services
• 7.4. By Enterprise Type (USD)
  • 7.4.1. SMEs
  • 7.4.2. Large Enterprises
• 7.5. By Vertical (USD)
  • 7.5.1. BFSI
  • 7.5.2. IT & Telecommunication
  • 7.5.3. Government & Public Sector
  • 7.5.4. Manufacturing
  • 7.5.5. Healthcare & Life Sciences
  • 7.5.6. Retail & Consumer Goods
  • 7.5.7. Media & Entertainment
  • 7.5.8. Others (Energy & Utilities, Travel & Hospitality, etc.)
• 7.6. By Country (USD)
  • 7.6.1. Brazil
    • 7.6.1.1. By Vertical
  • 7.6.2. Argentina
    • 7.6.2.1. By Vertical
  • 7.6.3. Rest of South America

8. Europe Cloud Storage Market Size Estimates and Forecasts, By Segments, 2021-2034

• 8.1. Key Findings
• 8.2. By Type (USD)
  • 8.2.1. Public Cloud
  • 8.2.2. Private Cloud
  • 8.2.3. Hybrid
• 8.3. By Component (USD)
  • 8.3.1. Storage Model
    • 8.3.1.1. Object Storage
    • 8.3.1.2. File Storage
    • 8.3.1.3. Block Storage
  • 8.3.2. Services
• 8.4. By Enterprise Type (USD)
  • 8.4.1. SMEs
  • 8.4.2. Large Enterprises
• 8.5. By Vertical (USD)
  • 8.5.1. BFSI
  • 8.5.2. IT & Telecommunication
  • 8.5.3. Government & Public Sector
  • 8.5.4. Manufacturing
  • 8.5.5. Healthcare & Life Sciences
  • 8.5.6. Retail & Consumer Goods
  • 8.5.7. Media & Entertainment
  • 8.5.8. Others (Energy & Utilities, Travel & Hospitality, etc.)
• 8.6. By Country (USD)
  • 8.6.1. United Kingdom
    • 8.6.1.1. By Vertical
  • 8.6.2. Germany
    • 8.6.2.1. By Vertical
  • 8.6.3. France
    • 8.6.3.1. By Vertical
  • 8.6.4. Italy
    • 8.6.4.1. By Vertical
  • 8.6.5. Spain
    • 8.6.5.1. By Vertical
  • 8.6.6. Russia
    • 8.6.6.1. By Vertical
  • 8.6.7. Benelux
    • 8.6.7.1. By Vertical
  • 8.6.8. Nordics
    • 8.6.8.1. By Vertical
  • 8.6.9. Rest of Europe

9. The Middle East & Africa Cloud Storage Market Size Estimates and Forecasts, By Segments, 2021-2034

• 9.1. Key Findings
• 9.2. By Type (USD)
  • 9.2.1. Public Cloud
  • 9.2.2. Private Cloud
  • 9.2.3. Hybrid
• 9.3. By Component (USD)
  • 9.3.1. Storage Model
    • 9.3.1.1. Object Storage
    • 9.3.1.2. File Storage
    • 9.3.1.3. Block Storage
  • 9.3.2. Services
• 9.4. By Enterprise Type (USD)
  • 9.4.1. SMEs
  • 9.4.2. Large Enterprises
• 9.5. By Vertical (USD)
  • 9.5.1. BFSI
  • 9.5.2. IT & Telecommunication
  • 9.5.3. Government & Public Sector
  • 9.5.4. Manufacturing
  • 9.5.5. Healthcare & Life Sciences
  • 9.5.6. Retail & Consumer Goods
  • 9.5.7. Media & Entertainment
  • 9.5.8. Others (Energy & Utilities, Travel & Hospitality, etc.)
• 9.6. By Country (USD)
  • 9.6.1. Turkey
    • 9.6.1.1. By Vertical
  • 9.6.2. Israel
    • 9.6.2.1. By Vertical
  • 9.6.3. GCC
    • 9.6.3.1. By Vertical
  • 9.6.4. North Africa
    • 9.6.4.1. By Vertical
  • 9.6.5. South Africa
    • 9.6.5.1. By Vertical
  • 9.6.6. Rest of MEA

10. Asia Pacific Cloud Storage Market Size Estimates and Forecasts, By Segments, 2021-2034

• 10.1. Key Findings
• 10.2. By Type (USD)
  • 10.2.1. Public Cloud
  • 10.2.2. Private Cloud
  • 10.2.3. Hybrid
• 10.3. By Component (USD)
  • 10.3.1. Storage Model
    • 10.3.1.1. Object Storage
    • 10.3.1.2. File Storage
    • 10.3.1.3. Block Storage
  • 10.3.2. Services
• 10.4. By Enterprise Type (USD)
  • 10.4.1. SMEs
  • 10.4.2. Large Enterprises
• 10.5. By Vertical (USD)
  • 10.5.1. BFSI
  • 10.5.2. IT & Telecommunication
  • 10.5.3. Government & Public Sector
  • 10.5.4. Manufacturing
  • 10.5.5. Healthcare & Life Sciences
  • 10.5.6. Retail & Consumer Goods
  • 10.5.7. Media & Entertainment
  • 10.5.8. Others (Energy & Utilities, Travel & Hospitality, etc.)
• 10.6. By Country (USD)
  • 10.6.1. China
    • 10.6.1.1. By Vertical
  • 10.6.2. India
    • 10.6.2.1. By Vertical
  • 10.6.3. Japan
    • 10.6.3.1. By Vertical
  • 10.6.4. South Korea
    • 10.6.4.1. By Vertical
  • 10.6.5. ASEAN
    • 10.6.5.1. By Vertical
  • 10.6.6. Oceania
    • 10.6.6.1. By Vertical
  • 10.6.7. Rest of Asia Pacific

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Amazon Web Services
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Google
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Microsoft
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Oracle Corporation
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Alibaba Group Holding Limited
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. IBM Corporation
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Dropbox, Inc.,
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Vmware, Inc.,
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Dell Technologies Inc.
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. HPE
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments