Global Stand Alone Cloud Storage Market 2015-2019
About cloud storage
Business enterprises have become increasingly dependent on the Internet to run their business and drive revenue growth. The cloud is one of the most effective alternatives for the traditional on-premises storage. In standalone cloud storage, enterprises can lease their storage infrastructure to a standalone cloud storage service provider.
Standalone cloud storage is one among several cloud-based storage service offerings currently being utilized by many enterprises worldwide. SMEs benefit more than large enterprises as it considerably reduces data storage costs, improves efficiency, and ensures easy access to data from anywhere and at any time. Moreover, standalone cloud
storage enables enterprises to reduce their IT infrastructural costs significantly.
Technavio's analysts forecast the global standalone cloud storage market to grow at a CAGR of 31.12% over the period 2014-2019.
Covered in this report
This report covers the current scenario and growth prospects of the global standalone cloud storage market for the period 2015-2019. To calculate the overall market size, the report considers the revenue generated through standalone cloud storage services.
The report also presents the vendor landscape and a corresponding detailed analysis of the key leading vendors. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.
Technavio Announces the Publication of its Research Report – Global Standalone Cloud Storage Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Stand Alone Cloud Storage Market: AT&T, Amazon Web Services, Google, HP, IBM and Microsoft
Other Prominent Vendors in the market are: Arsys, Atos, Bluelock, CenturyLink, Cloudian, Cognizant, CSC, Dell, Dimension Data, Egnyte, EMC, Fujitsu, GoGrid, iomart, Iron Mountain, Joyent, Media Temple, Nasuni, NaviSite, Nippon Telegraph and Telephone, PEER 1 Hosting, Quantum, Rackspace, Salesforce, SoftLayer, Sungard, Swisscom, TCS, Verizon Communications and Zetta.net
Commenting on the report, an analyst from Technavio’s team said: “We predict the growing enterprise data volumes and increasing on-premise storage costs to prompt the enterprises worldwide to shift their focus to storage-as-a-service (STaaS). In a STaaS model, enterprises lease their storage infrastructures to a cloud vendor to store their business data. It is more useful for SMEs as it reduces data storage costs, ensures business continuity and efficiency in disaster recovery, and improves the overall operational efficiency.”
According to the report, after the global economic recession of 2008-2009, enterprises worldwide are looking for cost-effective infrastructures. This presents a good opportunity for potential cloud storage vendors to enhance their service offerings and capture the available market. In addition, the widening user base of enterprises is likely to have a positive effect on the growth of the global standalone cloud storage market during the forecast period. Enterprises worldwide have seen voluminous growth in data volumes internally, and through the use of social media and the cloud. Around 80-90% of enterprises are losing their revenue as they are unable to the handle the huge volumes of data.
Further, the report states that concerns about cloud data security could deter market growth and, therefore, require the urgent attention of market vendors.
AT&T, Amazon Web Services, Google, HP, IBM, Microsoft, Arsys, Atos, Bluelock, CenturyLink, Cloudian, Cognizant, CSC, Dell, Dimension Data, Egnyte, EMC, Fujitsu, GoGrid, iomart, Iron Mountain, Joyent, Media Temple, Nasuni, NaviSite, Nippon Telegraph and Telephone, PEER 1 Hosting, Quantum, Rackspace, Salesforce, SoftLayer, Sungard, Swisscom, TCS, Verizon Communications, Zetta.net