AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Storage as a Service†(STaaS) market - Global outlook to 2022". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Storage as a Service†(STaaS) market to grow at a CAGR of %.
The , such as , is boosting the Storage as a Service†(STaaS) market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Storage as a service (STaaS) is a data storage business model it involves renting the storage infrastructure of large companies to small companies or individuals where a provider rents storage resources to a customer through a subscription. STaaS is cost efficient through reducing operating expenditure (OpEx) agility by only pay for the storage that is needed or when need it. The uses of these service reduces risks in disaster recovery. This is the major factor that can boost the growth of market in forecast period.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Storage as a Service†(STaaS) market and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market