This market research report presents the market segmentation of the storage as a service market in the US by solution type (standalone, cloud backup, and cloud archiving). The leading companies in the storage as a service market are Rackspace, Amazon, Google, Internap, HP, and Microsoft.
Technavio’s market research analysts estimate the StaaS market in the US to generate revenue worth US $7 billion between 2015 and 2019. The increasing data being generated by enterprises and the demand for cost-effective storage solutions in the US is contributing to the growth of the storage as a service (STaaS) market.
The new market research report from Technavio provides a breakdown and analysis of the StaaS segments by technology.
“Organizations are increasingly opting for the pay-as-you-store subscription-based model to store data. Cloud-based storage services offer efficient storage for backup and achieved data at an affordable pay-as-you-store subscription-based model. STaaS minimises data storage expenses, improves efficiency, ensures availability, and improves disaster recovery efforts. STaaS solutions facilitate end-users or clients to pay for subscription storage service or for used storage,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.
The cloud backup segment in STaaS market is the fastest growing segment, posting a market growth rate of around 55% during the forecast period. It is mainly due to the automated, reliable and secure features of cloud-based backup. Cloud backup or online backup stores a copy of the data in cloud servers, belonging to third-party vendors, at an offsite location. These systems have a scheduled backup process based on the service level agreements (SLAs) between the enterprises and vendors.
STaaS market in the US by cloud backup 2014-2019 ($ billions)
Source: Technavio Research
The leading vendors in the storage as a service market in the US are Amazon, AT&T, Google, HP, IBM, Internap, Microsoft and Rackspace. This market is highly competitive with vendors competing on the basis of pricing, performance, and reputation of similar offerings. Suppliers in the US market are also providing customized, cost-effective solutions to enterprises based on business requirements.
A more detailed analysis is available in the Technavio report, StaaS market in the US- Market Research 2015-2019.
We can customize reports by other regions and specific segments upon request.
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