Object Storage Market Report 2025 (Global Edition)

Global Object Storage Market Report 2025 Market Size Split by Type (Cloud-Based, On-Premise), by Organization Size (Large Enterprises, Small And Medium Enterprises (SMEs), Research Institutions)

Object Storage Market Report Description

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Object Storage Market Insights Video

Competitive Landscape of the Object Storage Market

In the object storage market's competitive landscape, numerous key competitors are driving innovation and growth. Key players in the market adopt strategies such as technological innovations to improve fuel efficiency, partnerships for expanding market reach, mergers and acquisitions to strengthen portfolios, and regional expansions to tap emerging markets. These strategies enhance competitiveness and address stringent emission regulations globally.

October 2023: Hitachi Vantara introduced Hitachi Virtual Storage Platform One, a hybrid cloud data platform. This platform allows businesses to store their structured and undeveloped data and permits them to operate on numerous applications, whether on the cloud or on-premises. (Source: https://www.hitachivantara.com/en-us/news/gl231010) January 2024: Dell Technologies introduced Object Scale version 1.3, a ground-breaking software innovation that redefines the landscape of object storage. This latest release is delivered as a fully integrated, turnkey solution, and takes the form of Object Scale XF960, an all-flash appliance that gets unprecedented speed, sustainability, and safety to object storage architecture. (Source: https://www.crn.in/news/dell-technologies-introduces-objectscale-1-3-revolutionising-object-storage-with-all-flash-turnkey-solution/)

Top Companies Market Share in Object Storage Industry: (In no particular order of Rank)

• Basho
• CloudFounders
• ETegro
• Hyve
• Newisys
• Nexenta
• Supermicro
• SwiftStack
• Seagate
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Object Storage Market

Which Region Dominates the Object Storage Market in 2024?

According to Cognitive Market Research, North America currently dominates the object storage market, and the region is expected to have significant growth during the projected period. This is due to the region's increasing demand for scalable data storage solutions due to the exponential growth of unstructured data. The rise of cloud computing, big data analytics, and the need for cost-effective, high-capacity storage options further fuel market growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to the increased adoption of cloud services and the demand for scalable storage solutions. The region's expanding e-commerce and media industries further fuel the need for efficient data management. Additionally, advancements in big data analytics and IoT applications are contributing to the rising demand for object storage solutions.

The current report Scope analyzes Object Storage Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Object Storage Market Analysis

According to Cognitive Market Research, the global object storage market size was estimated at USD 6124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2449.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the object storage market with a market size of USD 1932.80 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. The US market's increasing use of developing technology.
• The Canada object storage market had a market share of USD 293.96 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. Canada’s development of various technologies.
• The Mexico object storage market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 222.92 million in 2024.

Europe Object Storage Market Analysis

According to Cognitive Market Research, the global object storage market size was estimated at USD 6124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1837.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

• The United Kingdom object storage market had a market share of USD 308.66 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. In the UK, object storage sales witness an upswing due to the advancements in technology.
• The France object storage market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 169.03 million in 2024.
• According to Cognitive Market Research, the German object storage market size was valued at USD 363.78 million in 2024 and is projected to grow at a CAGR of 8.9% during the forecast period. In Germany, object storage surged due to the increased focus on the major market players.
• The Italy object storage market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 158.00 million in 2024.
• The Russia object storage market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 284.78 million in 2024.
• The Spain object storage market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 150.66 million in 2024
• The Luxembourg object storage market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 56.96 million in 2024.
• The Portugal object storage market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 38.58 million in 2024.
• The Greece object storage market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 22.05 million in 2024.
• The Rest of Europe's object storage market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 284.78 million in 2024.

Asia Pacific Object Storage Market Analysis

According to Cognitive Market Research, the global object storage market size was estimated at USD 6124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1408.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.

• According to Cognitive Market Research, the China object storage market size was valued at USD 633.85 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. Object storage surged in China due to the increased focus of the major market players.
• The Japan object storage market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 194.38 million in 2024.
• The India object storage market had a market share of USD 169.03 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. India's increasing demand for big data analytics.
• The South Korean object storage market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 140.86 million in 2024.
• The Australian object storage market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 73.25 million in 2024.
• The South East Asia object storage market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 97.19 million in 2024.
• The Rest of Asia Pacific object storage market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 100.01 million in 2024.

South America Object Storage Market Analysis

According to Cognitive Market Research, the global object storage market size was estimated at USD 6124.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 306.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil object storage market size was valued at USD 131.06 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. Object storage market flourished in Brazil due to rising demand for data security.
• Argentina's object storage market had a market share of USD 51.44 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Argentina's growing demand for data security.
• Colombia object storage market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 27.25 million in 2024.
• Peru object storage market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 25.11 million in 2024.
• Chile object storage market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 22.05 million in 2024.
• The Rest of Latin America's object storage market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 49.30 million in 2024.

Middle East Object Storage Market Analysis

According to Cognitive Market Research, the global object storage market size was estimated at USD 6124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 122.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• The GCC Countries' object storage market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 52.42 million in 2024. Object Storage sales flourish due to the presence of major market players.
• The Egypt object storage market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 12.86 million in 2024.
• The South Africa object storage market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 19.35 million in 2024. Object storage flourished in South Africa due to the expansion of digital services and smart technologies.
• The Turkey object storage market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 10.53 million in 2024.
• The Nigeria object storage market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 12.86 million in 2024.
• The Rest of the MEA object storage market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 14.45 million in 2024.

Object Storage Market Analysis

Object Storage Market Type Segment Analysis

According to Cognitive Market Research, the cloud-based segment holds the largest share of the market due to the increasing demand for scalable and cost-effective storage solutions and the rise of cloud computing. Enhanced data accessibility, improved data management capabilities, and the need for backup and disaster recovery solutions fuel market growth as organizations seek efficient ways to store and retrieve vast amounts of information.

In the object storage market, on-premise has been expanding at a rapid pace due to the growing need for enhanced data security, compliance with regulations, and improved control over sensitive information. Organizations prefer on-premise solutions to minimize latency, optimize performance for critical applications, and ensure data sovereignty.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Object Storage Industry. Request a Free Sample PDF!

Object Storage Market Organization Size Segment Analysis

According to Cognitive Market Research, the large enterprises segment holds the largest share of the market due to the growing need for scalable and cost-effective data management. Drivers include the rise of unstructured data, cloud computing adoption, and the demand for efficient data backup and recovery solutions. Additionally, object storage's ability to integrate with big data analytics and support modern applications further propels its market growth.

In the object storage market, small & medium enterprises (SMEs) have been expanding at a rapid pace due to the increasing need for scalable, cost-effective data storage solutions. SMEs are adopting object storage for its ability to efficiently handle unstructured data, enhance data accessibility, and support cloud applications, enabling them to improve operational efficiency while minimizing infrastructure costs and management complexities.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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