About Storage as a Service (STaaS)
Storage as a service (STaaS) is a data storage business model it involves renting the storage infrastructure of large companies to small companies or individuals where a provider rents storage resources to a customer through a subscription. Storage as a Service (STaaS) is the practice of using public cloud storage resources to store your data. Using STaaS is more cost efficient than building private storage infrastructure, especially when you can match data types to cloud storage offerings. STaaS is cost efficient through reducing operating expenditure (OpEx) agility by only pay for the storage that is needed or when need it. The uses of these service reduces risks in disaster recovery. This is the major factor that can boost the growth of market in forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Storage market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Storage as a Service (STaaS) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AT&T (United States), Dell Technologies (United States), Rackspace Inc. (United States), Amazon Web Services, Inc (United States), Hewlett Packard Enterprise Development LP (United States), IBM (United States), Internap (United States), Rackspace (United States), Microsoft (United States) and SoftLayer Technologies. Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are APTARE, Inc. (United States), Hitachi Data Systems Corporation (United States), Buffalo Americas, Inc. (United States) and Zandara Storage (United States).
Segmentation Overview
AMA Research has segmented the market of Global Storage as a Service (STaaS) market by and Region.
On the basis of geography, the market of Storage as a Service (STaaS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Storage as a Service (STaaS) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing STaaS adoption in Small & Medium size Enterprises (SME’s)
Market Growth Drivers:
Increasing need for cost effective business processes
Challenges:
The problems associated due Potential downtimes
Restraints:
Security concerns about data uploaded
Opportunities:
Increasing Demand for Storage as a Service for Smartphone and Tablets
Market Leaders and their expansionary development strategies
In September 2023, Microsoft Azure formed a strategic alliance with Seagate Technology. This partnership combined Azure's cloud storage platform with Seagate's mass storage technology, offering customers a cost-effective and scalable solution for storing large datasets.
In November 2021- Amazon Web Services, Inc. (AWS), company launches new storage services Amazon S3, Amazon FSx, Amazon EBS. These services deliver gives more choice, reduce costs, and help customers better protect their data.
Key Target Audience
Storage as a Service Platform Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.