Press release
Storage as a Service Market To Exhibit A Decent CAGR Of 26.5% By 2028| Hitachi Vantara, Zadara Storage, Cloudian
The global Storage as a Service 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 (SaaS) can be defined as a business model in which a large firm lease or rents its storage infrastructure to another organization or individuals in order to store data. Small businesses and individuals frequently find this to be an appropriate approach for managing backups as well as saving money on employees, gear, and physical space. With the rising usage of mobile devices such as smartphones and tablets by consumers and employees, businesses confront new issues in dealing with a wide range of structured and unstructured data. To overcome this complexity, organizations are enlisting the assistance of enterprise storage service providers. This has led to an increase in the adoption of storage as a service, which has bolstered the market.
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Market Dynamics:
Driver:
A storm is brewing in the worldwide storage as a service market as a result of the quickly changing technological environment, rising consumer expectations, and intense competition. Solution suppliers are being compelled by this to continuously look for new, sensible solutions. Furthermore, alliances and partnerships with digital solution providers could help storage as a service provider expand their clientele and market share. For example, in March 2020 Pure Storage and SAP partnered to offer customers shared competency centres, technical support, and technological integrations in STaaS, intelligent enterprise, cloud computing, storage, and virtualization.
Opportunities:
Small and medium-sized businesses are increasingly adopting storage as a service solution because the majority of these businesses lack the funding to build and operate their own storage infrastructure. Businesses are also embracing storage as a service to improve business continuity and availability and to reduce the risks associated with disaster recovery. In the approaching years, this is anticipated to present attractive prospects.
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Segmentation of The Storage as a Service (SaaS) Market
By Service Type
• Cloud NAS
• Cloud SAN
• Cloud Backup
• Cloud Archiving
By Enterprise Size
• Small & Medium Enterprises
• Large Enterprises
By End-User
• BFSI
• IT & Telecommunication
• Retail
• Healthcare
• Manufacturing
• Others
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Following Regions Are Highlighted In This The Storage as a Service (SaaS) Market Report
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Top Key Players Covered In Storage as a Service (Staas) Market
• Hitachi Vantara
• Zadara Storage
• Cloudia
• Quantum Corporation
• AWS
• IBM Corporation
• Microsoft
• HPE
• AT&T
• Dell Technologies
• Rackspace Inc., and other major players.
Key Industry Development In The Storage as a Service (STaaS) Market
In May 2021, Hewlett Packard Enterprise launched the new transform HPE Storage into a cloud-native, software-defined data services business. HPE developed a data services platform that delivers on its Unified DataOps vision for a new data experience that brings a cloud operations model to wherever data lives and unifies data operations.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By End-User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Storage as a Service (STaaS) Market by Type
5.1 Storage as a Service (STaaS) Market Overview Snapshot and Growth Engine
5.2 Storage as a Service (STaaS) Market Overview
5.3 Private Cloud
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Private Cloud: Geographic Segmentation
5.4 Public Cloud
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Public Cloud: Geographic Segmentation
5.5 Hybrid Cloud
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Hybrid Cloud: Geographic Segmentation
To Be Continued…
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