Storage as a Service (STaaS) Market Booming Worldwide( Forecast Period 2023-2029) With Top Player:Amazon, AT&T
According to this latest The global Storage as a Service (STaaS) Market size was valued at USD 43.26 Billion in 2021 and is projected to reach USD 137.37 Billion by 2028, growing at a CAGR of 26.5% from 2022 to 2028.
Storage as a Service (STaaS)
Storage as a Service (STaaS) referred to as hosted storage is a subscription service model where a company can rent lease or rents its storage infrastructure to another company or individual to store data. As compared to building private storage infrastructure, storage as a service is cost-efficient. Small and medium businesses, enterprises, home offices, and individuals use the cloud for multimedia storage, data backup and recovery, data repositories, and disaster recovery. The common use cases of storage as a service include shared file systems, raw storage volume, hosting applications, database management systems, disaster recovery solutions, and extract load and transform (ETL) pipelines. Block, file, and object storage are the three main types of data storage used in the industry. The demand for storage as a service is increasing owing to the several organizations around the world that generated a large amount of data. Also, the growing use of mobile devices, tablets, and other devices supports for the growth of the Storage as a Service market.
According to this latest The global Storage as a Service (STaaS) Market size was valued at USD 43.26 Billion in 2021 and is projected to reach USD 137.37 Billion by 2028, growing at a CAGR of 26.5% from 2022 to 2028.
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The latest research on the Storage as a Service (STaaS) market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Storage as a Service (STaaS) industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Storage as a Service (STaaS) market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Storage as a Service (STaaS) Market – Size, Competitive Landscape and Segmentation Analysis:
Storage as a Service (STaaS) Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report’s objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Leading companies reviewed in the Storage as a Service (STaaS) Market report are:
Hitachi Vantara,Zadara Storage,Cloudian,Quantum Corporation,AWS,IBM Corporation,Microsoft,HPE,Google,AT&T,Dell Technologies,Rackspace Inc., and other major players.
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Segmentation of Storage as a Service (STaaS) Market:
By Service Type,Storage as a Service (STaaS) has been segmented into:
Cloud NAS,Cloud SAN,Cloud Backup,Cloud Archiving
By End-User, Storage as a Service (STaaS) has been segmented into:
BFSI,IT & Telecommunication,Retail,Healthcare,Manufacturing,Others
Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
We’ve kept track of Covid-19’s direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Storage as a Service (STaaS) industry. The study categories the Storage as a Service (STaaS) industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
Why Purchase the Report?
- Visualize the composition of the global Storage as a Service (STaaS) market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the global Storage as a Service (STaaS) market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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