Storage as a service (STaaS) market in the US to grow at a CAGR of 33.40% over the period 2014-2019

Storage-as-a-service (STaaS) is flexible and enables service providers to efficiently deploy automated services for managing, recovering, and archiving data. In a STaaS model, enterprises lease their storage infrastructure to a cloud service provider (CSP) to store their business data. Service level agreements (SLAs) are signed between the concerned parties to facilitate this migration. STaaS is one among several cloud-based service offerings currently being utilized by many enterprises in the US to avoid spending on operating and managing in-house infrastructure or data centers. SMEs highly benefit from this service offering compared with large enterprises. STaaS considerably reduces data storage costs of enterprises, improves efficiency, and ensures high availability through enhanced disaster recovery facilities. These stored data can be accessed through the Internet from wired and wireless devices from anywhere at any time.

Technavio's analysts forecast the storage as a service (STaaS) market in the US to grow at a CAGR of 33.40% over the period 2014-2019.

Covered in this report
The report covers the current scenario and the growth prospects of the storage as a service (STaaS) market in the US for 2015-2019. To calculate the market size, the report considers revenue generated from the adoption of cloud storage by enterprises, which include:
Total revenue generated by stand-alone storage services, and cloud-based backup and archiving services
The revenue includes the subscription cost paid by an enterprise for the adoption of storage services
It does not include the underlying infrastructure cost for storing data in cloud

The market is divided into the following segments:
Stand-alone storage
Cloud backup
Cloud archiving

Technavio's report, Storage as a Service (STaaS) Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the STaaS market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
Amazon Web Service
AT&T
Google
HP
IBM
Microsoft

Other prominent vendors
CenturyLink
Cloudian
CSC
Egnyte
Iron Mountain
Joyent
Nasuni
NaviSite
NTT
PEER 1 Hosting
Quantum
Verizon Communications (Terremark)
Zetta.net

Key market driver
Increase in cloud-based analytics
For a full, detailed list, view our report

Key market challenge
Cloud data security
For a full, detailed list, view our report

Key market trend
Reduction in subscription costs
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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