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On-Premises Storage as a Service (STaaS) Market - The Evolution of Storage From On-Premises to Cloud

12-12-2018 09:05 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
On-Premises Storage as a Service (STaaS) Market - The Evolution

On-Premises storage as a service (STaaS) offers a scalable and affordable storage platform to end-users. An On-Premises STaaS platform is designed for easy management of storage and providing the best-fit service according to the enterprise/business architecture and requirement. In order to offer On-Premises storage as a service (STaaS), investing in the storage infrastructure is not required. On-Premises storage as a service (STaaS) provides strategic solutions including disaster recovery and business continuity.

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The operation of On-Premises storage as a service (STaaS) is similar to storage area networks (SANs) and network-attached storage (NAS). An On-Premises storage as a service (STaaS) platform uniquely brings to the marketplace a unified storage solution that can be deployed at data centers with flexibility and that enables seamless integration with an overall cloud strategy. On-Premises storage as a service (STaaS) transforms enterprise storage from the traditional purchase into a pay-as-you-go, fully managed, on-site service with predictable operating expenses only. Moreover, the solution delivers cloud-scale capacity and performance with the enterprise SAN and NAS functionality.

Increase in the need for efficient and agile solutions for data storage is a driving factor for the On-Premises storage as a service (STaaS) market. On-Premises storage as a service (STaaS) reduces upfront costs and provides remote storage management. Moreover, it offers usage-based subscription pricing. Since On-Premises storage as a service (STaaS) provides pay-as-you-go enterprise storage, it transforms capital expenditure storage budgets into real operational expenses that are billed monthly and without upfront costs. This provides a simplified utility cost model. These factors are likely to boost the market during the forecast period. However, introduction of cloud storage as a service is projected to restrain the market from 2018 to 2026.

The global On-Premises storage as a service (STaaS) market can be categorized based on component, enterprise size, storage type, industry vertical, and geography. Based on component, the market can be segmented into hardware and services. The hardware segment can be sub-classified into desktop, networking devices, storage devices, and others. The service segment can be sub-segmented into professional services and managed/outsourced services.

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The professional services sub-segment can be divided into integration services, consulting services, and auditing services. In terms of enterprise size, the global On-Premises storage as a service (STaaS) market can be segregated into small- and medium-sized enterprises (SMEs) and large enterprises. In terms of storage type, the market can be categorized into local storage and remote storage. Based on industry vertical, the global On-Premises storage as a service (STaaS) market can be divided into BFSI (banking, financial services, and insurance), IT & telecommunication, education, government, retail, manufacturing, consumer goods, energy & utility, retail, and others.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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