Global Storage as a Service Market 2018-2022

Global Storage as a Service Industry Overview

Analyzing factors that will have a significant impact on the growth of the market, our analysts have identified the shift from the CAPEX model to the OPEX model to be major factors driving the growth of the storage as a service market size. The implementation of OPEX model results in an increased adoption of storage-as-a-service in several industry verticals. These services are flexible in terms of deployment model and are reliable and cost-effective. They eliminate the need for cost of software licensing, hardware for storage, system design and customization, implementation, training, and maintenance.

“Cloud based services is gaining traction as subscription-based models of cloud-based storage ensure that enterprises pay only for the storage. Enterprises can retrieve data on demand from the cloud when required and make modifications. There is no fixed upfront cost, which makes end users prefer cloud storage.”, says a senior research analyst at Technavio for the IT professional services industry.

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Companies covered

The storage as a service market is fragmented since the market has a large number of companies who offer cloud storage solutions for disaster recovery and data archiving solutions and services. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the storage as a service companies, this storage as a service industry analysis report will aid clients identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of a number of storage as a service providers including:

• Alphabet
• Amazon.com
• Hewlett Packard Enterprise
• IBM
• Microsoft

Storage as a service market growth based on geographic regions

• Americas
• APAC
• EMEA

The adoption of storage as a service is high in the Americas due to the popularity of cloud services in industrial and private sectors and overall maturity and growth in these sectors. With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will contribute the most to the growth throughout the projected period.

Storage as a service market growth based on technology

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

According to our market research experts, the stand-alone and platform-attached storage segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the storage as a service market size.

Key highlights of the global storage as a service market for the forecast years 2018-2022:

• CAGR of the storage as a service market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the storage as a service market during the next five years
• Precise estimation of the global storage as a service market size and its contribution to the parent market
• Accurate predictions on upcoming storage as a service trends and changes in consumer behavior
• Growth of the storage as a service industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of storage as a service companies

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global storage as a service market and its stakeholders over the forecast years.

The market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the storage as a service market over the coming years are the over the top market and the software testing market.

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