Global Storage as a Service Market to be worth Around US$ 172.5 Billion By 2030 with CAGR of 29.4% between 2022 and 2030 - Reports and Insights

(MENAFN- Meridian market Consultants) The latest report published by Reports & Insights highlighted the development and the growth of the global Storage as a Service Market, which further includes the detailed information about the market potential and profound knowledge of the trends prevailing in the market. The global Storage as a Service Market is projected to rise steadily over the anticipated future as per the report estimates. The research study named “Storage as a Service Market: Opportunity Analysis and Future Assessment 2022-2030”, is aimed to provide a quantitative and qualitative outline of the conceptual structure and analytical approach of the market elaborated using attested research methodologies and proficient expertise.

The storage as a service market is estimated to reach at a value of 22 Bn by the end of 2022 and expected to reach at a value of US$ 172.5 Bn by 2030 with a significant CAGR of 29.4%.

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Storage as a Service Introduction

Storage as a service (STaaS) can be understood as a data storage process model where a provider contracts repository resources to a consumer by means of a subscription. STaaS saves an individual money by means of operating expenditure (OpEx) agility—one only pays for the storage one needs, when they require it.

Notably, getting hands on a brand-new storage capacity can be a high-priced capital expenditure (CapEx), particularly if one is not sure about the amount of capacity they will be requiring at the future date. One can seek to forecast the growth of the business and carry out their purchasing keeping the future in mind, however it can fasten up the financial resources that are likely to have more influence somewhere else in the business.

Providently, there is no dearth of significant tech companies with huge data centers that are raring to trade their excessive capacity. For these kinds of businesses, storage is just one more service that is part of their extensive product offerings, and they are very much pleased to soak up the expenditures of governing, advancing, and holding up massive-scale storage area networks (SANs). STaaS lets one handle storage as OpEx.

Above all things, this entire approach is automated, enabling an individual to scale their storage needs up and down as demand needs whilst keeping up performance and availability 24/7. Owing to all such factors, the storage as a service (STaaS) market is projected to rise substantially in the following years.

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Storage as a Service Market Segmentation

The global Storage as a Service market is segmented on the basis of service type, enterprise size, industry, and region.

By Service Type

Cloud NAS
Cloud SAN
Cloud Backup
Cloud Archiving

By Enterprise Size

Small & Medium Enterprises
Large Enterprises

 By Industry

Media & Entertainment
Government
Healthcare
IT & Telecom
Manufacturing
Education
Others

By Region

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

Storage as a Service Market Key Players

Some of the key participating players in global Storage as a Service market are:

Hitachi Vantara
Zadara Storage
Cloudian
Quantum Corporation
AWS
IBM Corporation
Microsoft
HPE
Google
AT&T
Dell Technologies
Rackspace Inc.

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About Reports and Insights:

Reports and Insights is one of the leading market research company which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

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