Storage as a Service (SaaS) market 2015 to grow at a CAGR of 37.96% by 2019

Global Storage-as-a-Service market to grow at a CAGR of 37.96% over the period 2015-2019. Storage-as-a-service (STaaS) is a business model in which the service provider leases its storage infrastructure to an enterprise for storing its business data subsequent to establishing an SLA with them. This data can be actual backup or archive data. STaaS is one among many cloud storage service offerings currently being utilized by various enterprises worldwide. SMEs benefit significantly from these service offerings. STaaS reduces the cost incurred by enterprises for storing data, improves efficiency and availability with better disaster recovery facilities, and provides automation and accessibility. The stored data can be accessed via the internet utilizing wired or wireless devices. Enterprises can decrease their spending on infrastructure by utilizing this service, which is being provided by many reputed vendors worldwide.

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According to the latest report, data volumes worldwide have seen an exponential increase in the past decade. Historical data play a critical role in shaping the decision making process of enterprises and these companies are looking for solutions to backup and archive their data.

“Organizations are shifting their focus towards cloud-based storage media, as it is more reliable and cost-effective,”.

“Subscription-based models of cloud-based storage are also getting popular, as they ensure enterprises pay only for the storage used.”

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Covered in this Report

The report covers the present scenario and the growth prospects of the Global Storage-as-a-Service market for the period 2015-2019. The Global Storage-as-a-Service market can be classified into stand-alone and platform-attached storage, cloud backup, and cloud archiving.

Global Storage-as-a-Service Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the Global Storage-as-a-Service market. The report includes a discussion of the key vendors operating in this market.

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The latest report also highlights third-party service providers who are offering enhanced disaster recovery mechanisms, in order to facilitate data recovery in the aftermath of a disaster.

“In the event of a disaster, enterprises risk massive data losses. To combat this, many are increasingly focused on adopting disaster recovery-as-a-service to handle the aftermath of disasters effectively,”

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