North America 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 North America Cloud Native Storage Market would witness market growth of 21.5% CAGR during the forecast period (2022-2028).
Organizations are using cloud native storage as a result of the rising container use. The necessity for stateless apps has been expanded by containerization to include stateful apps, which has increased the demand for permanent storage services and driven the growth of cloud native storage. It must be simple to scale cloud native storage.
A storage system's scalability can be described in four ways that is the ability to scale up the number of users or clients accessing the storage system, scalability of throughput is the capacity to handle more throughput, expressed in MB/sec or GB/sec, or more processes per second, using the same interface, the ability to expand storage capacity within a single deployment of storage systems, evaluated either in terms of the amount of data that can be stored (in gigabytes, terabytes, or petabytes) or the number of files or objects that the service can hold.
Due to the fact that numerous small and large businesses have transferred their workloads to the cloud, the North American market is already mature for cloud storage solutions. The use of cloud storage options in North America is anticipated to be fueled by factors including businesses moving toward cloud services and a rise in the use of digital business techniques. Companies are increasing their budget allocations for cloud storage products & services. To provide a standardized method for security evaluation, authorization, and ongoing monitoring of cloud products & services, the US government created FedRAMP.
The US market dominated the North America Cloud Native Storage Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,071.7 million by 2028. The Canada market is poised to grow at a CAGR of 24.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 23.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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