Global Storage as a Service Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global storage as a service market in its upcoming report titled, “Global Storage as a Service Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global storage as a service market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global storage as a service market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global storage as a service market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global storage as a service market report has been segmented on the basis of technology and region.

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Storage as a service (STaaS) is a business model in which a large company rents space in their storage infrastructure to a smaller company or individual. Storage as a service allows data to be remotely managed, maintained, and backed. Service level agreements (SLAs) are signed between the concerned parties to encourage this migration. The service can be accessed through any network, typically over the internet. STaaS is one among several cloud-based service offerings currently being utilized by many enterprises.

Increasing need of cloud-based storage system is a key factor to drive growth of the global storage as a service market. In addition, cost saving service, suitable methodology for handling backups, and hardware and physical space are some other factors to boost growth of the global storage as a service market. Also, growing rate of social media, mobility, analytics, cloud, and internet of things helps to grow global storage as a service market over the forecast period.

However, issues related to cloud security is a major factor to hamper growth of the global storage as a service market. Also, lack of space in data centres to deal with increasing demand for space, bandwidth limitation, and interoperability issues are some other factors expected to restrain growth of the global storage as a service market over the forecast period.

Currently, the market in North America dominates the global storage as a service market in revenue terms. This is attributed to growing need for backup and data archiving in the cloud in the region. Asia Pacific storage as a service market is still in its nascent stage; however, with a growing approval rate, scope for the storage as a service market in the country is expected to grow over the forecast period.

Global Storage as a Service Market Segmentation:

Global storage as a service market segmentation by technology:

• Stand-alone and platform-attached storage
• Cloud archiving
• Cloud backup

Global storage as a service market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa