Storage as a Service (STaaS) Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Source; Function; Application and Geography

(MENAFN- Introspective Market Research) Storage as a Service (STaaS) Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Source; Function; Application and Geography
The global Storage as a Service (STaaS) Market size was valued at USD 43.26 Billion in 2021 and is projected to reach USD 137.37 Billion by 2028, growing at a CAGR of 26.5% from 2022 to 2028.
Storage as a Service (STaaS) referred to as hosted storage is a subscription service model where a company can rent lease or rents its storage infrastructure to another company or individual to store data. As compared to building private storage infrastructure, storage as a service is cost-efficient. Small and medium businesses, enterprises, home offices, and individuals use the cloud for multimedia storage, data backup and recovery, data repositories, and disaster recovery. The common use cases of storage as a service include shared file systems, raw storage volume, hosting applications, database management systems, disaster recovery solutions, and extract load and transform (ETL) pipelines. Block, file, and object storage are the three main types of data storage used in the industry. The demand for storage as a service is increasing owing to the several organizations around the world that generated a large amount of data. Also, the growing use of mobile devices, tablets, and other devices supports for the growth of the Storage as a Service market.
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The global Storage as a Service (STaaS) market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Storage as a Service (STaaS) industry.
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Key Industry Players in Storage as a Service (STaaS) Market:
• Hitachi Vantara
• Zadara Storage
• Cloudian
• Quantum Corporation
• AWS
• IBM Corporation
• Microsoft
• HPE
• Google
• AT&T
• Dell Technologies
• Rackspace Inc., and other major players.
The global Storage as a Service (STaaS) market is expected to grow with a CAGR of %, during the forecast period 2022-2028, the market growth is supported by various growth factors and major market determinants. The market research report is compiled by Report Ocean by conducting rigorous market study and include the analysis of the market based on segmenting the geography and market segmentation.
Segmentation Analysis Includes,
By Service Type:
• Cloud NAS
• Cloud SAN
• Cloud Backup
• Cloud Archiving
By Enterprise Size:
• Small & Medium Enterprises
• Large Enterprises
By End-User:
• BFSI
• IT & Telecommunication
• Retail
• Healthcare
• Manufacturing
• Others
By Region:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Table of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
 3.1 By Type
 3.2 By End-User
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
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The global economy started to recover more than two years after the pandemic. However, by 2022, the Russian-Ukrainian war and its global impacts on commodities markets, inflation, supply chains, and financial conditions had slowed down global growth even more. Energy market instability and price increases are specifically being caused by the conflict in Ukraine, which is more than offsetting growth in energy exporters’ economies.
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The impact of Covid-19 on the Storage as a Service (STaaS) industry was more positive than negative. The Storage as a Service (STaaS) industry has taken a new path by shifting to digital tactics, which has greatly influenced its market reputation. This report assists businesses in comprehending the significance of digitalization in preserving their market position in the post-covid scenario.
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