Public And Private Cloud Storage Market

By Component;

Hardware, Software and Services [Managed Services and Professional Services]

By Deployment Model;

On-Premises, Cloud-Based and Hybrid

By Enterprise Size;

Small & Medium Enterprises (SMEs) and Large Enterprises

By Application;

Primary Storage, Backup & Disaster Recovery, Archiving, Data Analytics, Content Management & Collaboration and Others

By End-User;

Banking, Financial Services & Insurance (BFSI), IT & Telecom, Healthcare, Retail & E-Commerce, Media & Entertainment, Government & Public Sector, Manufacturing, Education and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn142599930 Published Date: October, 2025 Updated Date: November, 2025

Public and Private Cloud Storage Market Overview

Public and Private Cloud Storage Market (USD Million)

Public and Private Cloud Storage Market was valued at USD 92636.67 million in the year 2024. The size of this market is expected to increase to USD 405930.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 23.5%.


Public And Private Cloud Storage Market

*Market size in USD million

CAGR 23.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)23.5 %
Market Size (2024)USD 92636.67 Million
Market Size (2031)USD 405930.46 Million
Market ConcentrationLow
Report Pages398
92636.67
2024
405930.46
2031

Major Players

  • Amazon Web Services
  • Google
  • IBM
  • Microsoft
  • Rackspace

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Public And Private Cloud Storage Market

Fragmented - Highly competitive market without dominant players


The Public and Private Cloud Storage Market is undergoing rapid growth, driven by enterprise-wide digital transformation. Over 65% of organizations are migrating core data workloads to cloud-based platforms, fueling the demand for secure, scalable, and cost-effective storage solutions. This shift is unlocking new expansion opportunities, as businesses adopt more innovative cloud architectures to manage their ever-increasing data volumes.

Hybrid Adoption Enhancing Flexibility
With more than 55% of businesses embracing hybrid models, combining both public and private environments has become a strategic move for improved data agility. These models foster collaboration between vendors and enterprises, ensuring reliable and efficient data access. Companies are developing cloud-focused strategies to align storage usage with business needs, resulting in faster operations and enhanced technological capabilities.

Advancements in Intelligent Storage Solutions
Technological innovation is playing a central role in redefining cloud storage functionalities. Over 60% of providers are now deploying AI-integrated storage platforms to optimize data handling and retrieval. This evolution offers businesses customized and intelligent storage solutions, which significantly improve operational efficiency and ensure better security and regulatory compliance.

Promising Future with Hybrid Cloud Surge
The future outlook for this market remains positive, with over 70% of data-intensive enterprises expected to implement hybrid cloud solutions. With increased emphasis on real-time processing and scalability, the market is heading towards sustained expansion. Vendors will continue refining their offerings through strategic innovations, paving the way for broader adoption, deeper integration, and evolving cloud infrastructures.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Deployment Model
    3. Market Snapshot, By Enterprise Size
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-User
    6. Market Snapshot, By Region
  4. Public and Private Cloud Storage Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Data Generation

        2. Cost Efficiency

        3. Scalability and Flexibility

      2. Restraints
        1. Data Security Concerns

        2. Bandwidth Limitations

        3. Compliance and Regulatory Challenges

      3. Opportunities
        1. Hybrid Cloud Adoption

        2. Emerging Technologies

        3. Industry Verticals

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Public And Private Cloud Storage Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Services
        1. Managed Services
        2. Professional Services
    2. Public And Private Cloud Storage Market, By Deployment Model, 2021 - 2031 (USD Million)
      1. On-Premises
      2. Cloud-Based
      3. Hybrid
    3. Public And Private Cloud Storage Market, By Enterprise Size, 2021 - 2031 (USD Million)
      1. Small & Medium Enterprises (SMEs)
      2. Large Enterprises
    4. Public And Private Cloud Storage Market, By Application, 2021 - 2031 (USD Million)
      1. Primary Storage
      2. Backup & Disaster Recovery
      3. Archiving
      4. Data Analytics
      5. Content Management & Collaboration
      6. Others
    5. Public And Private Cloud Storage Market, By End-User, 2021 - 2031 (USD Million)
      1. Banking, Financial Services & Insurance (BFSI)
      2. IT & Telecom
      3. Healthcare
      4. Retail & E-Commerce
      5. Media & Entertainment
      6. Government & Public Sector
      7. Manufacturing
      8. Education
      9. Others
    6. Public and Private Cloud Storage Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Amazon Web Services (AWS)
      2. Microsoft Azure
      3. Google Cloud Platform (GCP)
      4. Alibaba Cloud
      5. IBM Cloud
      6. Oracle Cloud
      7. Hewlett Packard Enterprise (HPE)
      8. Dell Technologies
      9. VMware
      10. Red Hat
      11. DigitalOcean
      12. OVHcloud
      13. Alibaba Cloud
      14. Salesforce
      15. Adobe
  7. Analyst Views
  8. Future Outlook of the Market