Storage As A Service (STaaS) Market Report Covers Future Trends with Research 2022-2028 | IBM Corporation, Dell Technologies

Precision Business Insights published a research report on “Storage As A Service (STaaS) Market: By Service Type (Cloud NAS (File Storage), Cloud SAN (Block Storage), Cloud Archiving, and Cloud Backup), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, and IT and Telecom) - Global/Region/Country Forecast to 2028”.

End-users can benefit from on-premises storage as a service (STaaS), which provides a scalable and cost-effective storage infrastructure. An on-premises STaaS platform is intended for easy storage management and provisioning of the best-fit service based on the enterprise/business architecture and requirements. It is not necessary to invest in storage infrastructure to provide On-Premises storage as a service (STaaS). Storage as a service (STaaS) on premises delivers strategic solutions such as disaster recovery and business continuity. On-premises storage as a service (STaaS) is similar to SANs and network-attached storage in terms of operation (NAS). An on-premises storage as a service (STaaS) platform is different from other competitors since it provides a unified storage solution that can be implemented at data centres with ease and integrates seamlessly with an overall cloud strategy. Enterprise storage is transformed into a pay-as-you-go, fully managed, on-site service with predictable operating costs with on-premises storage as a service (STaaS).

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Organizations all over the world are dealing with massive amounts of data created internally. The usage of social media and the cloud has increased the volume even further. Companies are facing new hurdles in handling a mix of unstructured and structured data as employees and customers increasingly use mobile devices such as smartphones and tablets. To deal with this complexity, businesses are enlisting the expertise of corporate storage service providers. This has led in a rise in company adoption of storage as a service, which has boosted the market. Furthermore, the rising demand for cost-effective corporate processes is a driving factor for market expansion. However, concerns with bandwidth and interoperability may function as a stumbling block to the global growth of the storage as a service sector.

The global Storage as a Service Market by Service Type is fragmented Cloud SAN, Cloud NAS, Cloud Backup, Cloud Archiving. On the basis of Enterprise Size, the market is divided into Small & Medium Enterprises, and Large Enterprises. On the basis of Industry, the market is categorized into Media & Entertainment, Healthcare, IT & Telecom, Government, Manufacturing, and Education.

North America, South America, Europe, Asia Pacific, and the Middle East and Africa make up the global On-Premises storage as a service (STaaS) market. Due to the use of On-Premises storage as a service platforms by corporate data centres and IT & telecom firms in the area, North America is expected to dominate the global market in the coming years. Due to growing concerns about data safety and security, the on-premises storage as a service (STaaS) sector in Europe is gaining pace. The Asia Pacific On-Premises Storage as a Service (STaaS) market is predicted to grow at the fastest rate between 2018 and 2026, owing to rising demand for quick, easy, and transparent storage services among businesses in the region.

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Some of the major key players in the Storage As A Service (STaaS) Market are Google, AT&T, Microsoft, HPE, Quantum Corporation, AWS, Dell Technologies

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