Global Object Storage
Market Report
2025
The global object storage market size will be USD 6124.2 million in 2024. Increasing adoption of cloud-based storage is expected to boost sales to USD 12087.05579 million by 2031, with a Compound Annual Growth Rate (CAGR) of 10.20% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global object storage market size will be USD 6124.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.20% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Object Storage Market Sales Revenue | $ 4563.1 Million | $ 6754.99 Million | $ 14803.2 Million | 10.304% |
North America Object Storage Market Sales Revenue | $ 1357.7 Million | $ 1979.73 Million | $ 4272.4 Million | 10.093% |
United States Object Storage Market Sales Revenue | $ 1039.87 Million | $ 1546.6 Million | $ 3403.12 Million | 10.36% |
Canada Object Storage Market Sales Revenue | $ 193.622 Million | $ 283.741 Million | $ 615.38 Million | 10.161% |
Mexico Object Storage Market Sales Revenue | $ 124.216 Million | $ 149.389 Million | $ 253.9 Million | 6.855% |
Europe Object Storage Market Sales Revenue | $ 768.061 Million | $ 1154.06 Million | $ 2566.42 Million | 10.506% |
United Kingdom Object Storage Market Sales Revenue | $ 69.817 Million | $ 108.051 Million | $ 247.285 Million | 10.904% |
France Object Storage Market Sales Revenue | $ 97.052 Million | $ 147.285 Million | $ 324.652 Million | 10.384% |
Germany Object Storage Market Sales Revenue | $ 73.887 Million | $ 107.673 Million | $ 232.004 Million | 10.071% |
Italy Object Storage Market Sales Revenue | $ 75.209 Million | $ 114.135 Million | $ 256.33 Million | 10.643% |
Russia Object Storage Market Sales Revenue | $ 77.805 Million | $ 119.244 Million | $ 270.378 Million | 10.775% |
Spain Object Storage Market Sales Revenue | $ 46.867 Million | $ 69.012 Million | $ 150.339 Million | 10.222% |
Rest of Europe Object Storage Market Sales Revenue | $ 227.822 Million | $ 339.577 Million | $ 746.691 Million | 10.351% |
Sweden Object Storage Market Sales Revenue | $ 24.632 Million | $ 38.121 Million | $ 88.542 Million | 11.109% |
Denmark Object Storage Market Sales Revenue | $ 25.093 Million | $ 37.137 Million | $ 81.33 Million | 10.295% |
Switzerland Object Storage Market Sales Revenue | $ 16.759 Million | $ 24.804 Million | $ 59.541 Million | 11.567% |
Luxembourg Object Storage Market Sales Revenue | $ 33.119 Million | $ 49.016 Million | $ 109.33 Million | 10.548% |
Asia Pacific Object Storage Market Sales Revenue | $ 1001.6 Million | $ 1453 Million | $ 3119.03 Million | 10.019% |
China Object Storage Market Sales Revenue | $ 165.564 Million | $ 247.3 Million | $ 546.454 Million | 10.418% |
Japan Object Storage Market Sales Revenue | $ 208.934 Million | $ 295.54 Million | $ 618.192 Million | 9.664% |
India Object Storage Market Sales Revenue | $ 137.219 Million | $ 202.112 Million | $ 440.095 Million | 10.216% |
South Korea Object Storage Market Sales Revenue | $ 62.5 Million | $ 89.795 Million | $ 190.885 Million | 9.885% |
Australia Object Storage Market Sales Revenue | $ 32.953 Million | $ 47.077 Million | $ 99.497 Million | 9.806% |
Rest of APAC Object Storage Market Sales Revenue | 121212 | 121212 | 121212 | 12% |
Singapore Object Storage Market Sales Revenue | $ 42.167 Million | $ 61.462 Million | $ 132.559 Million | 10.084% |
South East Asia Object Storage Market Sales Revenue | $ 42.868 Million | $ 62.624 Million | $ 135.054 Million | 10.083% |
Taiwan Object Storage Market Sales Revenue | $ 32.752 Million | $ 46.932 Million | $ 99.809 Million | 9.891% |
South America Object Storage Market Sales Revenue | $ 242.757 Million | $ 366.796 Million | $ 818.616 Million | 10.556% |
Brazil Object Storage Market Sales Revenue | $ 93.073 Million | $ 142.757 Million | $ 323.271 Million | 10.757% |
Argentina Object Storage Market Sales Revenue | $ 52.144 Million | $ 79.191 Million | $ 177.558 Million | 10.62% |
Colombia Object Storage Market Sales Revenue | $ 17.09 Million | $ 25.529 Million | $ 56.403 Million | 10.416% |
Peru Object Storage Market Sales Revenue | $ 17.163 Million | $ 26.446 Million | $ 60.168 Million | 10.822% |
Chile Object Storage Market Sales Revenue | $ 4.952 Million | $ 7.519 Million | $ 16.863 Million | 10.623% |
Rest of South America Object Storage Market Sales Revenue | $ 58.334 Million | $ 85.353 Million | $ 184.352 Million | 10.104% |
Middle East Object Storage Market Sales Revenue | $ 282.912 Million | $ 412.73 Million | $ 891.151 Million | 10.1% |
Egypt Object Storage Market Sales Revenue | $ 14.853 Million | $ 21.008 Million | $ 43.934 Million | 9.661% |
Turkey Object Storage Market Sales Revenue | $ 50.302 Million | $ 73.301 Million | $ 158.001 Million | 10.076% |
Rest of Middle East Object Storage Market Sales Revenue | $ 101.198 Million | $ 151.513 Million | $ 335.608 Million | 10.452% |
Saudi Arabia Object Storage Market Sales Revenue | $ 80.545 Million | $ 113.996 Million | $ 238.472 Million | 9.665% |
UAE Object Storage Market Sales Revenue | $ 20.851 Million | $ 30.253 Million | $ 65.054 Million | 10.043% |
Qatar Object Storage Market Sales Revenue | $ 15.164 Million | $ 22.659 Million | $ 50.083 Million | 10.422% |
Africa Object Storage Market Sales Revenue | $ 910.064 Million | $ 1388.68 Million | $ 3135.56 Million | 10.717% |
South Africa Object Storage Market Sales Revenue | $ 212.045 Million | $ 331.617 Million | $ 766.958 Million | 11.05% |
Nigeria Object Storage Market Sales Revenue | $ 307.511 Million | $ 478.678 Million | $ 1101.83 Million | 10.984% |
Rest of Africa Object Storage Market Sales Revenue | $ 390.509 Million | $ 578.385 Million | $ 1266.77 Million | 10.296% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Organization Size |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Object Storage industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Object Storage Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Object storage is a data storage architecture that manages unstructured data as objects, enabling scalable, flexible storage solutions ideal for large volumes of data like multimedia files and backups. The increased use of cloud-based solutions significantly drives the growth of the Object Storage Market. Organizations are shifting towards cloud storage to manage vast amounts of unstructured data, such as images, videos, and backups, due to its scalability, cost-effectiveness, and flexibility. Object storage systems are ideal for cloud environments, allowing easy access and retrieval of data from anywhere. As businesses embrace digital transformation and require reliable data storage for analytics and applications, the need for cloud-based object storage solutions continues to rise, enhancing efficiency and collaboration.
For instance, in April 2024, Quantum introduced the ActiveScale Z200, an all-flash object storage appliance, to help customers in managing the challenges posed by AI and big data workloads. As the most recent addition to the ActiveScale series, the Z200 offers an all-flash solution that greatly expands throughput and transactional performance on a large scale. (Source: https://investors.quantum.com/news-events/press-releases/detail/191/quantum-announces-activescale-all-flash-object-storage)
The growing adoption of hybrid cloud architectures is fueling the expansion of the object storage market. Hybrid cloud environments, which combine on-premises and cloud resources, offer flexibility and scalability for managing large volumes of unstructured data. Object storage, with its scalable, cost-efficient, and cloud-native architecture, is ideally suited for hybrid clouds, enabling organizations to store data seamlessly across multiple environments. This trend is driven by the need for better data accessibility, disaster recovery, and the integration of cloud storage into traditional enterprise IT systems, further boosting object storage demand. For instance, in January 2024, Quantum Corporation declared that Amidata had implemented Quantum ActiveScale object storage as the foundation for their recent Amidata Secure Cloud Storage Service. After building a successful Backup-as-a-Service and File Sharing Service delivering on Quantum DXi™ backup appliances and Quantum StorNext® file systems, Amidata has now deployed ActiveScale object storage to create a secure, resilient set of cloud storage services accessible from across all of Australia, where the firm is based.
Advancements in technology are significantly driving growth in the object storage market. Innovations such as AI-powered data management, improved scalability, and better integration with cloud-native architectures are enhancing object storage's appeal for handling massive unstructured data. The rise of edge computing and hybrid cloud models further boosts the demand for object storage, providing seamless data access across distributed environments. Enhanced security features, such as encryption and data immutability, are addressing security concerns, making object storage an attractive option for industries requiring scalable, durable, and secure data storage solutions.
A significant restraint in the object storage market is the complex integration with legacy systems. Many organizations rely on traditional storage infrastructure (like block and file storage), and transitioning to object storage can be challenging. Legacy systems are often not designed to interface with modern object-based architectures, leading to compatibility issues and requiring complex re-engineering. This process can be time-consuming and costly, making businesses hesitant to adopt object storage solutions. As a result, this challenge slows down market adoption, particularly for established enterprises with deeply entrenched legacy systems.
The COVID-19 pandemic significantly impacted the global object storage market, accelerating its growth. As remote work, online education, and digital services surged, there was an unprecedented demand for scalable storage solutions to manage the explosion of unstructured data, such as videos, files, and backups. Cloud-based services, critical to supporting these shifts, further boosted object storage adoption. However, economic uncertainty led to tighter IT budgets in some sectors, delaying investments in new storage infrastructure. Overall, the pandemic underscored the need for flexible, cost-efficient storage solutions.
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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)
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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.
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
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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 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.
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 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 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.
Global Object Storage Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Object Storage Industry growth. Object Storage market has been segmented with the help of its Type, Organization Size , and others. Object Storage market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
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.
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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.
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Research associate at Cognitive Market Research
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.
Swasti 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.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Conclusion
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Type | Cloud-Based, On-Premise |
Organization Size | Large Enterprises, Small And Medium Enterprises (SMEs), Research Institutions |
List of Competitors | Basho, CloudFounders, ETegro, Hyve, Newisys, Nexenta, Supermicro, SwiftStack, Seagate |
This chapter will help you gain GLOBAL Market Analysis of Object Storage. Further deep in this chapter, you will be able to review Global Object Storage Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Object Storage. Further deep in this chapter, you will be able to review North America Object Storage Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Object Storage. Further deep in this chapter, you will be able to review Europe Object Storage Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Object Storage. Further deep in this chapter, you will be able to review Asia Pacific Object Storage Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Object Storage. Further deep in this chapter, you will be able to review South America Object Storage Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Object Storage. Further deep in this chapter, you will be able to review Middle East Object Storage Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Object Storage. Further deep in this chapter, you will be able to review Middle East Object Storage Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Object Storage. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Organization Size Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Object Storage market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Cloud-Based have a significant impact on Object Storage market? |
What are the key factors affecting the Cloud-Based and On-Premise of Object Storage Market? |
What is the CAGR/Growth Rate of Large Enterprises during the forecast period? |
By type, which segment accounted for largest share of the global Object Storage Market? |
Which region is expected to dominate the global Object Storage Market within the forecast period? |