The global cloud storage market, valued at USD 108.69 billion in 2023, is anticipated to grow from USD 132.03 billion in 2024 to USD 665 billion by 2032, reflecting a CAGR of 22.4% during this period. In the U.S., the market is also expected to expand significantly, reaching an estimated USD 4,776.8 million by 2032. This growth is driven by increased adoption of smart home devices, connected technologies, video streaming, and digital payments, which generate substantial data and boost demand for cloud storage solutions.
