Middle East & Africa Cloud Native Storage Market Size & Outlook
The cloud native storage market in Middle East & Africa is expected to reach a projected revenue of US$ 5,853.7 million by 2030. A compound annual growth rate of 22.4% is expected of Middle East & Africa cloud native storage market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,418.9
Forecast, 2030 (US$M)
$5,853.7
CAGR, 2024 - 2030
22.4%
Report Coverage
Middle East & Africa
MEA cloud native storage market highlights
- The MEA cloud native storage market generated a revenue of USD 1,418.9 million in 2023.
- The market is expected to grow at a CAGR of 22.4% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,418.9 million |
| Market revenue in 2030 | USD 5,853.7 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, Broadcom Inc, Citrix Systems Italia S.r.L., Alphabet Inc Class A, Huawei Technologies, International Business Machines Corp, Microsoft Corp, Rackspace Technology Inc Ordinary Shares, Splunk |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.7% of the global cloud native storage market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,260.2 million by 2030.
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Cloud Native Storage Market Scope
Cloud native storage market segmentation & scope
Object storage
Block storage
File storage
Container storage
Others
Services
System Integration & Deployment
Training & Consulting
Support & Maintenance
Deployment
Public Cloud
Private Cloud
Enterprise Size
SMEs Large
Enterprises
End Use
BFSI
Telecom & IT
Healthcare
Retail & Consumer Goods
Manufacturing
Government
Energy & Utilities
Media & Entertainment
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Cloud Native Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Splunk | View profile | 5001-10000 | San Francisco, California, United States, North America | https://www.splunk.com |
| Citrix Systems Italia S.r.L. | View profile | 5001-10000 | Milan, Lombardia, Italy, Europe | https://www.citrix.it |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Rackspace Technology Inc Ordinary Shares | View profile | 5800 | 19122 US Highway 281 North, Suite 128, San Antonio, TX, United States, 78258 | https://www.rackspace.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Broadcom Inc | View profile | 20000 | 3421 Hillview Avenue, Palo Alto, CA, United States, 94304 | https://www.broadcom.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
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