Storage as a Service Market

Category : ICT Reports | Delivery Format : PDF,PPT | Publisher: Reports & Insights | Pages : 221

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Storage as a Service Market Overview

The report is titled as ‘Storage as a Service Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Storage as a Service market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Storage as a Service market is expected to grow with significant rate in the near future.

In 2020, global Storage as a Service market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

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.

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



IT & Telecom




By Region

               North America

               Latin America


               Asia Pacific

               Middle East


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


Quantum Corporation


IBM Corporation





Dell Technologies

Rackspace Inc.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance


Concerns for use of Storage as a Service

Advantages of Storage as a Service

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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