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Storage as a Service (STaaS) Market Size & Share Report, 2022-2028

The global Storage as a Service (STaaS) Market size was valued at USD 43.26 Billion in 2021 and is projected to reach USD 137.37 Billion by 2028, growing at a CAGR of 26.5% from 2022 to 2028.

Storage as a Service (STaaS) referred to as hosted storage is a subscription service model where a company can rent lease or rents its storage infrastructure to another company or individual to store data. As compared to building private storage infrastructure, storage as a service is cost-efficient. Small and medium businesses, enterprises, home offices, and individuals use the cloud for multimedia storage, data backup and recovery, data repositories, and disaster recovery. The common use cases of storage as a service include shared file systems, raw storage volume, hosting applications, database management systems, disaster recovery solutions, and extract load and transform (ETL) pipelines.

Storage as a Service (STaaS)

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Key Prominent Players In The Storage as a Service (STaaS) Market:

Hitachi Vantara, Zadara Storage, Cloudian, Quantum Corporation, AWS, IBM Corporation, Microsoft, HPE, Google, AT&T, Dell Technologies, Rackspace Inc., and other major players.

Market segmentation

The Storage as a Service (STaaS) market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

Storage as a Service (STaaS) Market Segment by Types, Estimates, and Forecast by 2028

Cloud NAS, Cloud SAN, Cloud Backup, Cloud Archiving

Storage as a Service (STaaS) Market Segment by Applications, Estimates, and Forecast by 2028

BFSI, IT & Telecommunication, Retail, Healthcare, Manufacturing, Others

Regional Analysis for COVID-19 Outbreak-Global Storage as a Service (STaaS) Market:

  • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • North America (U.S., Canada, and Mexico)
  • South America (Brazil, Chile, Argentina, Rest of South America)
  • MEA (Saudi Arabia, UAE, South Africa)

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The report contains insights about the following:

  1. Market Penetration: provides comprehensive information on the market, including the key players
  2. Market Development: Provides detailed information about profitable emerging markets and analyses penetration across the mature markets
  3. Market Diversification: Information about new product launches and untapped geographies is provided. Recent developments.
  4. Competitive Assessment and Intelligence: This comprehensive report analyzes market shares, strategies, and products, as well as certifications, regulatory approvals, patent landscapes, and manufacturing capabilities for the top players.
  5. Product Development & Innovation: Provides smart insights about future technologies, R&D activities as well as breakthrough product developments

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The report answers such questions as:

  1. What is the market size for Storage as a Service (STaaS) and its forecast?
  2. What are the limiting factors and the impact of COVID-19 in shaping the Global Storage as a Service (STaaS) Market?
  3. Which products/segments/applications/areas to invest in over the Global Storage as a Service (STaaS) Market forecast period?
  4. What is the Global Storage as a Service (STaaS) Market’s strategic competitive window for new opportunities?
  5. What technology trends are there in the Global Storage as a Service (STaaS) Market?
  6. What is the market size of the most prominent vendors in the Global Storage as a Service (STaaS) Marketplace?
  7. What strategic moves and methods are appropriate for entry into the Global Storage as a Service (STaaS) Market?

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