Cloud Storage Market Forecast to Reach USD 425.76 Billion by 2030 with AI and Hybrid Cloud Driving Growth

Cloud Storage Marke Outlook 

The cloud storage market is witnessing rapid expansion as enterprises increasingly rely on scalable, secure, and accessible storage solutions. In 2025, the market reached USD 145.23 billion and is projected to hit USD 425.76 billion by 2030 at a 24% CAGR. Factors such as generative AI workloads, low-latency hybrid cloud architectures, and data-residency regulations are driving adoption across industries. North America remains the largest market, while Asia Pacific is experiencing the fastest growth due to rising AI investments and government-backed cloud initiatives. 

Key Trends in Cloud Storage Market 

Generative AI Driving Demand for High-Speed Object Storage 

The rapid adoption of generative AI applications is increasing data volumes, boosting demand for scalable, high-performance object storage solutions. 

Rapid Growth of Hybrid Cloud Deployments 

Hybrid cloud models are expanding fastest as enterprises balance on-premise control with the scalability and flexibility of public cloud infrastructure. 

Rising Cloud Spend in Media and Gaming 

Media and gaming companies are increasing cloud investments to support streaming services, real-time rendering, and low-latency digital experiences. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/cloud-storage-market?utm_source=Industrytoday.co.uk  

Market Segmentation: 

• By Deployment Mode: Private Cloud, Public Cloud, Hybrid Cloud 
• By Storage Type: File Storage, Object Storage, Block Storage 
• By Enterprise Size: SMEs, Large Enterprises 
• By Application: Backup and Recovery, Collaboration and Content Services, Application Management 

Key Players: 

• Google LLC (Alphabet Inc.) 
• Amazon Web Services Inc. (AWS) 
• Dropbox Inc. 
• Dell EMC (Dell Technologies Inc.) 
• Hewlett Packard Enterprise Company 

Explore more insights on Cloud Storage Market competitive landscape: https://www.mordorintelligence.com/industry-reports/cloud-storage-market/companies?utm_source=Industrytoday.co.uk  

Dominating Country 

The United States holds a leading position in the global cloud storage market. Its dominance is driven by widespread adoption of AI workloads, advanced hybrid cloud strategies, and the presence of major hyperscale data centers. U.S. enterprises prioritize scalable, secure, and low-latency storage solutions, while regulatory compliance encourages innovative approaches to data management.  

Conclusion: 

The cloud storage market is rapidly expanding as businesses across industries adopt scalable, secure, and flexible storage solutions. Growth is fueled by AI-driven workloads, hybrid cloud architectures, and the need for localized, compliant storage frameworks. Key sectors like media, gaming, healthcare, and BFSI are driving demand, while providers continue to enhance services with energy-efficient, reliable, and accessible options.  

Explore related reports from Mordor Intelligence 

Cloud Computing Market - https://www.mordorintelligence.com/industry-reports/cloud-computing-market?utm_source=Industrytoday.co.uk  

Cloud Database and DBaaS Market - https://www.mordorintelligence.com/industry-reports/cloud-database-and-dbaas-market?utm_source=Industrytoday.co.uk  

Cloud Discovery Market - https://www.mordorintelligence.com/industry-reports/cloud-discovery-market?utm_source=Industrytoday.co.uk 

About Mordor Intelligence: 

Mordor Intelligence is a trusted partner for businesses seeking actionable market insights. With 550+ domain experts and specialists across 150+ countries, we deliver comprehensive syndicated and custom research across industries such as aerospace, agriculture, chemicals, consumer goods, energy, healthcare, and many more, helping organizations make informed decisions and achieve strategic goals. 

For any inquiries or to access the full report, please contact: 

media@mordorintelligence.com 

https://www.mordorintelligence.com/