Storage As A Service Market Analysis

Storage as a Service Market: Drivers and Challenges

Drivers

Nowadays, several IT companies are adopting hybrid cloud storage as a service systems, which enables to select a flexible storage as a service solution. Hybrid cloud storage as a service provide benefits, such as enhanced IT infrastructure management and flexibility, enhanced security for data management. The hybrid cloud storage as a service system also provides various advantages to consumers, such as usability, better bandwidth, accessibility, and instant recovery of data. These are the primary factors which are driving the storage as a service market in different regions.

Challenges

The IT and telecom industry is an important field for storage as a service technology development. So, the integration of various technology, such as downtime, security, privacy, limited control, are the major concerns in deploying storage as a service. Another primary challenge that can be faced by storage as a service technology is the privacy of data. As the devices are connected smartly with cloud, the security and privacy of data is becoming the main issue for scientists.

Global Storage as a Service Market: Competition Landscape

Examples of some of the market participants in the global storage as a service market identified across the value chain includes: Amazon Web Services (AWS) Inc., IBM, Dell EMC, Internap, Rackspace, Microsoft, APTARE, Inc., Hitachi Data Systems Corporation, Buffalo Americas, Inc. and Hewlett Packard Enterprise Development LP.

Global Storage as a Service Market: Regional Overview

On the basis of geography, North America is expected to capture the largest market share, owing to the presence of advanced technical companies of storage as a service technology. Europe and Japan are also expected to gain substantial market share due to the introduction of new technologies and applications. APAC is expected to be the fastest growing storage as a service market, owing to the government initiatives being taken towards the improvement of technologies by emerging economies such as India and China.

The storage as a service market in Latin America and MEA is also expected to witness high growth rates in the coming period, due to an increase in the demand for cost effective storage as a service technologies.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.