Storage as a Service Market Expected to Reach USD

Pleasanton, Calif., December 16, 2021 (GLOBE NEWSWIRE) – The Global Storage as a Service Market research report Added by AllTheResearch provides you with the brief information on the market size, share and dynamics covered in More of 100 pages and is an illustrative example demonstrating market trends. The Storage as a Service market report comprises a comprehensive database of future market estimates based on historical data analysis. It allows customers to have quantified data for the current market scenario. It is a professional and detailed report focused on major and secondary drivers, market share, major segments, and regional analysis.

The storage-as-a-service market size has been estimated to be US $ 17.30 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 16.1% for the forecast period ending in 2027 reaching a market value of $ 49.54 billion.

The growing demand for storage as a service from the smartphone industry is expected to drive the market growth throughout the forecast period. With the proliferation of smartphones, market trends have shifted towards applications that demand more storage space and computing power. In addition, companies want to increase efficiency with fewer resources in order to reduce costs and make the best use of cloud resources. Thus, the use of cloud storage is expected to support the market demand in the near future.

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Storage as a Service Market Report Overview:

The report contains brief information on major players such as Amazon Web Services (AWS), Microsoft Corporation, Inc., Google (Alphabet Inc.), IBM Corporation, Hubic (OVH), Mediafire, and more in the storage industry as a service operating in the market. The report provides detailed information on industry overview, revenue share, developments, mergers and acquisitions, and key strategies. The report also includes a comprehensive analysis of product innovation and consumer behavior. The Storage as a Service market has been segmented by product type, end users, technology, verticals, and regions. The in-depth research will provide readers with a better understanding of the established and emerging players in shaping their business strategies to achieve their long and short term goals. The report describes a wide range of areas and places where key participants could identify opportunities for the future.

Major Companies Covered In The Storage As A Service Market Report Are:

Amazon Web Services (AWS), Microsoft Corporation, Inc., Google (Alphabet Inc.), IBM Corporation, Hubic (OVH), Mediafire, Apple Inc., Dropbox Inc, Box, Inc., HP Development Company, LP , pCloud AG, Rackspace Inc., Hitachi Data Systems Corporation, SoftLayer Technologies. Inc., Buffalo Americas, Inc., and more.

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Global Segmentation of the Storage as a Service Market:

By type of service

  • Cloud backup
  • Cloud archiving
  • Self-contained storage attached to the platform

By component

By type of business

  • Small and medium-sized enterprises (SMEs)
  • Big business

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The main conclusions of this report are:

  • On the basis of service type, the cloud archiving segment held the largest market share during the forecast period
  • On the basis of business type, the small and medium business segment held the largest market share in 2020
  • On the basis of region, North America is expected to dominate the Storage as a Service market during the forecast period

Regional Analysis For Storage as a Service Market:

The global storage as a service market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America held the largest market share in the storage as a service market due to the presence of mature key players providing cloud services, such as Microsoft, Google and others. The innovations of these players are expected to drive the growth of the Storage as a Service market during the forecast period. For example, Google in 2021 launched upgrades to various cloud services such as Google Distributed Cloud Space and Google Workspace. In addition, the increase in the number of software investments is expected to stimulate the demand for software as a service.

Moreover, Asia-Pacific is expected to significantly contribute to the growth of the market during the forecast period. The launch of government projects for various services is expected to drive the market growth in the near future.

Impact of COVID-19 on the Storage-as-a-Service Market:

The technology has been a clear winner in the tough times of covid-19. All the companies in the global market and their efforts to keep sales up has supported the market demand for storage as a service. The covid-19 pandemic has slowed down offline cloud businesses at the same time as it accelerated cloud adoption and generated new business models and cloud usage patterns, contributing to the continued growth of the cloud industry. public cloud.

In addition, the e-commerce industry has grown exponentially as more and more people have turned to online shopping, as well as video streaming services, with more and more people staying at home and lacking other entertainment options. To build customer loyalty, traditional retail stores have switched to online ordering, BOPIS (Buy Online, In-Store Pickup) and home delivery. This has been accomplished through the adoption of the cloud in the storage-as-a-service market.

Key Aspects of the Storage as a Service Market Report:

  1. Market overview
  2. Research methodology
  3. Summary
  4. Premium previews
    1. Analysis of key trends
    2. New pockets of income
    3. Pain point analysis
    4. Analysis of the company’s market share, by region
    5. Strategies Adopted – Benchmarking Heat Map
    6. Regulatory landscape
    7. PESTEL analysis
    8. Regional life cycle
    9. Competitive benchmarking
  5. Market Snapshot and Competitive Landscape
  6. Market segmentation (market size and share analysis)
  7. Market dynamics
    1. Market factors
    2. Opportunities
    3. Value chain analysis
    4. Price Analysis
  8. COVID – 19 Opportunity Mapping
    1. Key factors and expected recovery period
    2. Analysis of key trends
    3. Impact on end user industry
    4. Opportunity analysis
  9. Regional market analysis
  10. Company Profiles

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Frequently Asked Questions:

  • What are the key factors driving the expansion of the Storage as a Service market?
  • How much will the storage as a service market be worth in 2021-2027?
  • Which region will make a notable contribution to the global Storage as a Service market revenue?
  • Who are the major players benefiting from the growth of Storage as a Service market?

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