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Cloud Storage Services in Australia Industry Data and Analysis
The shift towards remote work and the rapid adoption and development of AI models have led to a surge in cloud storage adoption. Cloud storage is vital for remote work efficiency, providing secure data access and facilitating collaboration, while AI models need data centre colocation services for model training and operation. Amid soaring demand, the industry has seen vacancy rates at data centres fall to record lows over the past five years. While pricing growth, in real terms, has been limited, improved capacity utilisation has helped to boost margins. However, substantial investment in new data centre facilities has led to rising depreciation costs. Industry revenue is expected to have risen at an annualised 5.0% over the five years through 2025-26 to $6.4 billion. This includes an anticipated 8.4% spike in 2025-26.
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What's included in this industry analysis
IBISWorld's research coverage on the Cloud Storage Services industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Cloud Storage Services industry in Australia operates under the ANZSIC industry code J5922. Cloud storage services operators provide electronic information storage and retrieval services. Electronic information storage allows third parties to upload, download, back up and access files and systems over the internet. This includes companies that own and operate their own data centres, and those that lease space on behalf of clients as part of a managed IT solutions service. The industry excludes web hosting services, which mainly provide access to information stored on the internet as a means to disseminate information. Related terms covered in the Cloud Storage Services industry in Australia include latency, iot, data centre rack and rack density.
What's included in this industry?
Products and services covered in Cloud Storage Services industry in Australia include Colocation storage, Cloud storage and Managed storage.
What companies are included in this industry?
Companies covered in the Cloud Storage Services industry in Australia include Amazon, Microsoft and NEXTDC.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Cloud Storage Services industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Cloud Storage Services industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Cloud Storage Services industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Cloud Storage Services industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Cloud Storage Services industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Cloud Storage Services industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Cloud Storage Services industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Cloud Storage Services industry in Australia.
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Frequently Asked Questions
What is the market size of the Cloud Storage Services industry in Australia in 2026?
The market size of the Cloud Storage Services industry in Australia is $6.4bn in 2026.
How many businesses are there in the Cloud Storage Services industry in Australia in 2025?
There are 966 businesses in the Cloud Storage Services industry in Australia, which has grown at a CAGR of 4.7 % between 2020 and 2025.
How may import tariffs affect the Cloud Storage Services industry in Australia?
The Cloud Storage Services industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Cloud Storage Services industry in Australia?
The Cloud Storage Services industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Cloud Storage Services industry in Australia grown or declined over the past 5 years?
The market size of the Cloud Storage Services industry in Australia has been growing at a CAGR of 5.0 % between 2020 and 2025.
What is the forecast growth of the Cloud Storage Services industry in Australia over the next 5 years?
Over the next five years, the Cloud Storage Services industry in Australia is expected to grow.
What are the biggest companies in the Cloud Storage Services industry in Australia?
The biggest companies operating in the Cloud Storage Services industry in Australia are Amazon, Microsoft and NEXTDC
What does the Cloud Storage Services industry in Australia include?
Colocation storage and Cloud storage are part of the Cloud Storage Services industry in Australia.
Which companies have the highest market share in the Cloud Storage Services industry in Australia?
The company holding the most market share in the Cloud Storage Services industry in Australia is Amazon.
How competitive is the Cloud Storage Services industry in Australia?
The level of competition is high and increasing in the Cloud Storage Services industry in Australia.
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