The report is titled as ‘Storage as a Service Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Storage as a Service market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Storage as a Service market is expected to grow with significant rate in the near future.
The storage as a service market is estimated to reach at a value of 22 Bn by the end of 2022 and expected to reach at a value of US$ 172.5 Bn by 2030 with a significant CAGR of 29.4%.
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Storage as a Service Introduction
Storage as a service (STaaS) can be understood as a data storage process model where a provider contracts repository resources to a consumer by means of a subscription. STaaS saves an individual money by means of operating expenditure (OpEx) agility—one only pays for the storage one needs, when they require it.
Notably, getting hands on a brand-new storage capacity can be a high-priced capital expenditure (CapEx), particularly if one is not sure about the amount of capacity they will be requiring at the future date. One can seek to forecast the growth of the business and carry out their purchasing keeping the future in mind, however it can fasten up the financial resources that are likely to have more influence somewhere else in the business.
Providently, there is no dearth of significant tech companies with huge data centers that are raring to trade their excessive capacity. For these kinds of businesses, storage is just one more service that is part of their extensive product offerings, and they are very much pleased to soak up the expenditures of governing, advancing, and holding up massive-scale storage area networks (SANs). STaaS lets one handle storage as OpEx.
Above all things, this entire approach is automated, enabling an individual to scale their storage needs up and down as demand needs whilst keeping up performance and availability 24/7. Owing to all such factors, the storage as a service (STaaS) market is projected to rise substantially in the following years.
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Storage as a Service Market Segmentation
The global Storage as a Service market is segmented on the basis of service type, enterprise size, industry, and region.
By Service Type
- Cloud NAS
- Cloud SAN
- Cloud Backup
- Cloud Archiving
By Enterprise Size
- Small & Medium Enterprises
- Large Enterprises
- Media & Entertainment
- IT & Telecom
- North America
- Latin America
- Asia Pacific
- Middle East
Storage as a Service Market Key Players
Some of the key participating players in global Storage as a Service market are:
- Hitachi Vantara
- Zadara Storage
- Quantum Corporation
- IBM Corporation
- Dell Technologies
- Rackspace Inc.
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