Cloud Native Storage Market Size

Cloud Native Storage Market Size

The global cloud native storage market size was valued at USD 19.8 billion in 2024 and is estimated to register a CAGR of 24.3% between 2025 and 2034. As businesses increasingly transition their infrastructure and applications to the cloud, the demand for cloud-native storage solutions surges. Organizations are drawn to cloud technologies for their scalability, flexibility, cost efficiency, and ease of management. This allure has catalyzed a broad adoption of cloud solutions across various industries.

Consequently, as companies harness cloud computing for their storage, processing, and computing needs, the appetite for cloud-native storage solutions grows. These specialized storage systems are crafted to leverage the cloud's dynamic and distributed characteristics fully.

For instance, in May 2024, Nutanix launched Project Beacon, a multi-year initiative aimed at transforming the landscape of cloud-native application development and management. This project focuses on delivering a suite of data-centric Platform-as-a-Service (PaaS) offerings that enable developers to build applications once and deploy them across various infrastructures seamlessly, whether on-premises or in public clouds.

The increasing digital transformation across various industries significantly drives the cloud-native storage market. Organizations are adopting digital technologies to enhance operational efficiency, improve customer experiences, and foster innovation. These digital transformation initiatives involve the adoption of technologies such as cloud computing, AI, ML, IoT, and big data analytics. These technologies generate vast amounts of data that must be efficiently stored, managed, and analyzed. Consequently, businesses are increasingly turning to cloud-native storage solutions to meet the growing demands of modern, data-intensive workloads.