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  • 20 September 2018 14:26

Storage As A Service Can Boost Your Industrial Potential

Global Storage as a Service Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Storage as a service (STaaS) is a business model in which a large company rents space in their storage infrastructure to a smaller company or individual. Storage as a service allows data to be remotely managed, maintained, and backed. Service level agreements (SLAs) are signed between the concerned parties to encourage this migration. The service can be accessed through any network, typically over the internet. STaaS is one among several cloud-based service offerings currently being utilized by many enterprises.

Increasing need of cloud-based storage system is a key factor to drive growth of the global storage as a service market. In addition, cost saving service, suitable methodology for handling backups, and hardware and physical space are some other factors to boost growth of the global storage as a service market. Also, growing rate of social media, mobility, analytics, cloud, and internet of things helps to grow global storage as a service market over the forecast period.

However, issues related to cloud security is a major factor to hamper growth of the global storage as a service market. Also, lack of space in data centres to deal with increasing demand for space, bandwidth limitation, and interoperability issues are some other factors expected to restrain growth of the global storage as a service market over the forecast period.

The global storage as a service market is segmented on the basis of technology and region. On the basis of region, the global storage as a service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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