Storage-as-a-service (STaaS) is flexible and enables service providers to efficiently deploy automated services for managing, recovering, and archiving data. In a STaaS model, enterprises lease their storage infrastructure to a cloud service provider (CSP) to store their business data. Service level agreements (SLAs) are signed between the concerned parties to facilitate this migration. STaaS is one among several cloud-based service offerings currently being utilized by many enterprises in the US to avoid spending on operating and managing in-house infrastructure or data centers. SMEs highly benefit from this service offering compared with large enterprises. STaaS considerably reduces data storage costs of enterprises, improves efficiency, and ensures high availability through enhanced disaster recovery facilities. These stored data can be accessed through the Internet from wired and wireless devices from anywhere at any time.
Technavio's analysts forecast the storage as a service (STaaS) market in the US to grow at a CAGR of 33.40% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the storage as a service (STaaS) market in the US for 2015-2019. To calculate the market size, the report considers revenue generated from the adoption of cloud storage by enterprises, which include:
Technavio Announces the Publication of its Research Report – Storage as a Service Market in US 2015-2019
Technavio recognizes the following companies as the key players in the Storage as a Service Market in US: Amazon, AT&T, Google , HP, IBM, Internap, Microsoft and Rackspace
Other Prominent Vendors in the market are: CenturyLink, Cloudian, CSC, Egnyte, Iron Mountain, Joyent, Nasuni, NaviSite, NTT, PEER 1 Hosting, Quantum, Verizon, and Zetta.net.
Commenting on the report, an analyst from Technavio’s team said: “Subscription costs associated with storing data on the cloud is decreasing steadily because of competitiveness among vendors. There are several emerging vendors in the US market offering storage in the cloud with affordable subscriptions. The market for backup and data archiving is also competitive with regard to pricing.”
According to the report, analytics has become the backbone for successful business operations. It enables companies to arrive at a decision. An increasing volume of data generated has prompted organizations to opt for the pay-as-you-store subscription-based model to store data. The reason for this is that owning and operating in-house infrastructure for growing data is expensive.
Further, the report states that the major obstacle to the adoption of STaaS is the concern over data security. Although cloud-based offerings have evolved over the years and encryption and decryption mechanisms have become more sophisticated, it is still a serious concern.
Amazon, AT&T, Google , HP, IBM, Internap, Microsoft, Rackspace, CenturyLink, Cloudian, CSC, Egnyte, Iron Mountain, Joyent, Nasuni, NaviSite, NTT, PEER 1 Hosting, Quantum, Verizon, Zetta.net.