Sheetal2306 May, 2025Technology
The worldwide cloud native storage market is expected to expand at a rapid pace, with a compound annual growth rate (CAGR) of 23.3% over the next few years. This growth will be driven by several factors, including the rising volume of data generated by businesses, the ease of transitioning from traditional on-premises storage to cloud-based solutions, and the increasing automation of application updates. As a result, the market size is projected to reach USD 45.8 billion by 2028, up from an estimated USD 16.0 billion in 2023.
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