Object-Based Storage Market Share

Market Share of Object-Based Storage Industry

The object-based storage market is fairly competitive and consists of several players, with a few major players currently dominating the market. Many companies are working on this technology due to its numerous advantages over other storage options. Some major players are Hitachi Vantara Corp, NetApp Inc., IBM Corporation (Red Hat), Scality Inc., and Dell EMC. Some of the recent developments include that, in November 2022, in collaboration with Snowflake, a provider of data clouds, Cloudian announced the opening of its HyperStore on-premises data lake storage. Customers of Cloudian and Snowflake will now have access to data deployed on-premises in a private cloud or hybrid cloud configuration and kept on HyperStore. HyperStore offers the scale and simplicity of a public cloud inside a company's data center, delivering improved performance, complete control over security, data sovereignty, and lower cost. HyperStore was created from the ground up to be fully S3 compliant.

Object-Based Storage Market Leaders

1. Hitachi Vantara Corp

2. NetApp Inc.

3. IBM Corporation (Red Hat)

4. Scality Inc.

5. Dell EMC

*Disclaimer: Major Players sorted in no particular order