Market Overview

Global Storage as a Service Market 2018-2022 to Post a CAGR of 31%| Technavio

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The global storage as a service market is expected to post a CAGR of
over 31% during the period 2018-2022, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global storage-as-a-service market from  ...

Technavio has published a new market research report on the global storage-as-a-service market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the shift from the
CAPEX to the OPEX model. The rising cost pressure due to uncertain
business and economic conditions has compelled several companies to use
flexible IT solutions. As cloud-based services are reliable and
cost-effective, they are profitable for enterprises.

This market research report on the global
storage as a service market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights rise in the adoption of hybrid
cloud storage systems as one of the key emerging trends in the global
storage as a service market:

Global storage as a service market: rise in the
adoption of hybrid cloud storage systems

Hybrid cloud-based storage enables organizations to select a flexible
storage solution for each workload or workgroup. The primary benefit of
deploying hybrid cloud storage includes enhanced IT infrastructure
management and flexibility, improved data management, and better
security for stored data. Organizations from various end-user industries
are realizing the benefits of cloud computing and are adopting cloud
storage with high storage capability.

"Hybrid cloud-based storage systems will be more weighted towards the
in-house cloud, focusing on modernizing applications and retaining the
business functionality while developing an elastic, scalable model. This
enables hybrid cloud-based storage systems to have the highest
implementation and growth rates,"
says a senior research analyst for
IT professional services.

Global storage as a service market:
Segmentation analysis

This market research report segments the global storage as a service
market by technology (stand-alone and platform-attached storage, cloud
archiving, and cloud backup) and geographical regions (APAC, EMEA, and
the Americas).

In 2017, the Americas dominated the market with a share of 48%, followed
by EMEA and APAC respectively. The dominance of the Americas can be
attributed to the overall growth and maturity of the industrial and
private sectors and the high adoption of cloud services in these
sectors. Although APAC held the smallest share of the market it is
expected to witness the highest increase in its market share over the
forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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