Asia Pacific Cloud Native Storage Market Size, Share & Industry Trends Analysis Report By Component (Solution (Block Storage, File Storage, and Object Storage) and Services), By Deployment Type, By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Cloud Native Storage Market would witness market growth of 23.2% CAGR during the forecast period (2022-2028).
Data loss prevention should be a feature of cloud native storage. Durability refers to the system's capacity to guarantee the data is stored for a long time, beyond just being accessible. The major factors affecting the durability of cloud native storage system includes layers of data protection, including the number of available data copies; redundancy levels, including redundancy to a remote site, local redundancy, redundancy over public cloud availability zones, and redundancy over regions; storage media durability characteristics, such as SSD, spinning disc, tape; the system's capacity to automatically reconstruct or restore faulty data after detecting corruption brought on by component failure, storage medium wear, and other factors.
Without the requirement for huge teams, these applications may be designed and delivered quickly. High-level database and application services that are tailored expressly for the cloud are delivered via cloud-native storage. This gives businesses a benefit when remotely managing crucial data or user-level software. Realizing the full potential of the data requires a thorough understanding of the characteristics offered by cloud-native storage.
Particularly in nations with a developed cloud ecosystem, like Japan, there has been an increase in demand for controlled cloud and professional services. In addition, as the IoT (Internet of Things) gains popularity, the cloud plays a crucial role in facilitating the creation and distribution of IoT applications. To deal with the data explosion, more businesses in Asia-Pacific are redesigning their networks and implementing cloud services. The rising reliance on cloud services, the convergence of IT applications & services, the proliferation of mobile and connected devices, and the movement of content and advertising to the internet are resulting in the increased use of the mobile cloud.
The China market dominated the Asia Pacific Cloud Native Storage Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,309.8 million by 2028. The Japan market is estimated to grow a CAGR of 22.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 23.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Block Storage, File Storage, and Object Storage) and Services. Based on Deployment Type, the market is segmented into Public Cloud and Private Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Healthcare, Retail & Consumer Goods, Manufacturing, Government, Energy & Utilities, Media & Entertainment, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC, Alibaba Group Holding Limited, VMware, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Citrix Systems, Inc., Rackspace Technology, Inc., and Splunk, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Block Storage
- File Storage
- Object Storage
By Deployment Type
- Public Cloud
- Private Cloud
By Organization Size
- Large Enterprises
- Telecom & IT
- Retail & Consumer Goods
- Energy & Utilities
- Media & Entertainment
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC
- Alibaba Group Holding Limited
- VMware, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Citrix Systems, Inc.
- Rackspace Technology, Inc.
- Splunk, Inc.
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