Stratview Research has published a new report on the Storage as a Service Market, segmented by Type (Cloud NAS, Cloud SAN, Cloud Backup, Cloud Archiving), Organization Size (Large Enterprises, Small- and Medium-sized Enterprises), Industry Vertical (IT and Telecom, BfSI, Healthcare, Retail and Consumer Goods, Manufacturing, Government and Public Sector, Education, Energy and Utilities) and Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The Storage as a Service Market is expected to grow from USD 48.67 billion in 2020 to USD 159.28 million by 2026 at a CAGR of 21.5% during the forecast period.
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Storage as a Service Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Among the end users, IT and Telecom industry vertical is expected to the largest user of storage as a service due to the growing trend of work of home in the industry.
- The industry vertical is adopting all those solutions and services which can allow their employees to easily work from anywhere-anytime.
- Healthcare sector is expected to show significant growth rate in the storage as a service market owing to the increasing digitalization of the sector and sudden increase in the demand for effective healthcare services.
In terms of regions, North America dominates the market, and this trend is expected to continue during the forecast period.
The region is the home of many cloud giants, and it has also shown a fast adoption of cloud-based services across all sectors in the past. Asia Pacific is expected to witness the highest CAGR during the forecast period due to the increasing number of small- and medium-sized businesses in the region that look for low-cost IT infrastructure solutions and storage as a service that fulfils such requirements.
Following are the key players in the Storage as a Service Market:
- AWS (The U.S),
- IBM (The U.S),
- Google (The U.S),
- Microsoft (The U.S),
- HPE (The U.S),
- Hitachi Vantara (The U.S),
- Dell Technologies (The U.S),
- Rackspace (The U.S),
- Zadara Storage (The U.S),
- ATT (The U.S),
- Cloudian (The U.S),
- Pure Storage (The U.S),
- Quantum Corporation (The U.S), and
- Netmagic Solutions (India).
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