Global STaaS Market 2015-2019
About Storage-as-a-Service (STaaS)
Storage-as-a-service (STaaS) is a business model in which the service provider leases its storage infrastructure to an enterprise for storing its business data subsequent to establishing an SLA with them. This data can be actual backup or archive data. STaaS is one among many cloud storage service offerings currently being utilized by various enterprises worldwide. SMEs benefit significantly from these service offerings. STaaS reduces the cost incurred by enterprises for storing data, improves efficiency and availability with better disaster recovery facilities, and provides automation and accessibility. The stored data can be accessed via the internet utilizing wired or wireless devices. Enterprises can decrease their spending on infrastructure by utilizing this service, which is being provided by many reputed vendors worldwide.
TechNavio's analysts forecast the Global Storage-as-a-Service market to grow at a CAGR of 37.96 percent over the period 2015-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Storage-as-a-Service market for the period 2015-2019. The Global Storage-as-a-Service market can be classified into stand-alone and platform-attached storage, cloud backup, and cloud archiving.
TechNavio's report, the Global Storage-as-a-Service Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the Global Storage-as-a-Service market. The report includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – Global STaaS Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global STaaS Market: Amazon Inc., AT&T Inc., Google Inc., Hewlett-Packard (HP) Company, IBM Corp., and Microsoft Corp.
Other Prominent Vendors in the market are: Arsys, CenturyLink, Cloudian, CSC, Egnyte, iomart Group, Iron Mountain, Joyent, Nasuni, NaviSite, Nippon Telegraph and Telephone, PEER 1 Hosting, Quantum, Rackspace, Swisscom, Verizon Communications (Terremark) and Zetta.net.
Commenting on the report, an analyst from TechNavio’s team said: “Disaster recovery as a service is a key trend being witnessed in this market. This solution enables fast recovery of enterprise data in case of a disaster at the third-party vendor's location and, therefore, enables continuity in business operations. The presence of effective recovery mechanisms is an essential requirement that determines the choice of a STaaS provider.”
According to the report, the need for data backup and archiving services has increased worldwide because of an exponential growth in data volumes. Enterprises refer to their historical data to make well informed business decisions and predict future growth patterns. Storing these historical data in an on-premise IT setup is expensive for enterprises and STaaS enables the storage of enterprise data in a cloud and in an archived format.
Further, the report states that concerns about the security of data stored in a cloud have increased. Cloud computing technologies have evolved over the years and so have the encryption and decryption mechanisms used while storing enterprise data .Data security concerns among enterprises are also attributed to an increase in third-party storage of enterprise data.
Amazon, AT&T, Google, Hewlett-Packard (HP), International Business Machines Corporation (IBM), Microsoft, Arsys, CenturyLink, Cloudian, CSC, Egnyte, iomart Group, Iron Mountain, Joyent, Nasuni, NaviSite, Nippon Telegraph and Telephone, PEER 1 Hosting,Quantum, Rackspace, Swisscom, Verizon Communications (Terremark), Zetta.net