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Storage as a service (STaaS) allows enterprises to lease their storage infrastructure to a cloud service providers to store their business data, thereby reducing storage costs. Technavio’s market research analysts predict the STaaS market in the US to grow exponentially at a CAGR of around 33% by the end of 2019. The increasing data being generated by enterprises and the demand for cost-effective storage solutions in the US is contributing to the growth of the market.
The hidden costs of cloud-based storage such as data migration costs, access fees, and portable device handling fees is posing a challenge to this market. Organizations are having to factor in these hidden costs while formulating their business strategy. Moreover, due to the complexity of the data, vendors are finding it difficult to maintain the infrastructure.
The cloud-based storage is further classified as public cloud storage, private cloud storage, and hybrid cloud storage.
This report provides a detailed analysis of the various storage models along with the key vendors in each segment.
The storage as a service market in the US is highly competitive with vendors competing on the basis of pricing, performance, and reputation of similar offerings. Suppliers in the US market are also providing customized, cost-effective solutions to enterprises based on business requirements.
Other vendors in the market include CenturyLink, Cloudian, CSC, Egnyte, Iron Mountain, Joyent, Nasuni, NaviSite, NTT, PEER 1 Hosting, Quantum, Verizon, and Zetta.net.
Cloud backup or online backup stores a copy of the data in cloud servers, belonging to third-party vendors, at an offsite location. These systems have a scheduled backup process based on the service level agreements (SLAs) between the enterprises and vendors. The cloud backup segment is expected to reach around USD 2 billion by the end of 2019. The growth of this sector is mainly due to the automated, reliable and secure features of cloud-based backup.
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