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The Global Cloud Storage Market size was valued at USD 98.9 billion in 2023. It is likely to grow up to USD 253.2 billion by 2030 at a CAGR of 17.8% during the forecast period ranging between 2025 and 2030.

Cloud storage is an advanced technology that uses sophisticated systems and servers to store data. It allow access to authorized users only and does not need local devices to manage data because it is typically done through the internet. The mechanism uses remote servers in different data centers and advanced technologies such as distributed systems, virtualization, and more which offers higher flexibility, easy accessibility, scalability, and cost savings. The market demand is pushed further by the rising emphasis and need for data security due to the rising threat of hacking and other forms of cyber threats. Strict regulatory measures to ensure data privacy and security have encouraged businesses and individuals to adopt cloud storage providers and systems. The rising investment and growth of cloud infrastructure also contribute to market growth as it can efficiently handle large volumes of data. However, concerns over data privacy and security hampers the growth of this market. 

Browse market data Tables and Figures spread through 198 Pages and in-depth TOC on Global Cloud Storage Market By Component (Storage Models, Services), By Type (Public, Private, and Hybrid classes), By Enterprise Type (Small and Medium Enterprises (SMEs) and Large Enterprises), By Vertical (BFSI, Healthcare and Life Science) and By Geography (North America, Europe, Asia Pacific, Rest of the World) - Forecast from 2025 to 2030.

Global Cloud Storage Market Segmentation and Key Players

By component, storage model dominate the global cloud storage market.  

The storage model category dominates the market due to higher flexibility and scalability. Object storage is preferred for its ability to handle unstructured data, file storage for easy document accessibility, and block storage for high performance.

"North America dominates the global cloud storage market." 

North America, mainly the US, leads the global cloud storage market as it has a much-developed IT infrastructure, higher and growing demand in different industries, and higher investments in cloud infrastructure and technology. 

Some of the key players in this market are Amazon Web Services Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Company, Dell EMC (Dell Technologies Inc.), Dropbox Inc

The Global Cloud Storage Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Global Cloud Storage Market coverage (By Value)

• Component Insight and Forecast 2025 - 2030
  • Storage Models
  • Services
• Type Insight and Forecast 2025 - 2030
  • Public
  • Private
  • Hybrid classes
• Enterprise Type Insight and Forecast 2025 - 2030
  • Small Enterprises
  • Medium Enterprises (SMEs)
  • Large Enterprises
• Vertical Insight and Forecast 2025 - 2030
  • BFSI
  • Healthcare
  • Life Science

Geographical Segmentation

Global Cloud Storage Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Vietnam
  • Thailand
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries