According to a new market research report published by sheer analytics and insights, “The Global Storage As A Service Market was $21.1 Bn in 2020, and it is expected to reach $148.1 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 21.5% between 2020-2030, as per the latest market research report titled Global Storage As A Service Market (By Service type – Cloud Backup, Cloud Archiving, and Stand-Alone And Platform-Attached Storage, and By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global industry analysis, size, share, growth, trends, and forecast, 2020-2030.
Global storage as a service is a type of business model in which large company rents space in the storage system to an individual or a smaller company. The increasing demand for the cost-saving service, the perfect methodology for the handling backups, and hardware boost the growth rate of the storage as a service market. Moreover, the issue related to the cloud security system is the prime factor that hampers the growth of the global storage service market. The internet things, analytics, mobility, and social media helps to grow the global storage as a service market. However, in the current pandemic of COVID-19, the growth rate changed slightly. But, it is expected that in the upcoming forecast period of 2020 to 2030, the global storage market graph will reach high in the growth rate graph.
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/storage-as-a-service-market-21
Geographically, The Storage As A Service Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Amazon Web services, Inc., Aptare, Inc, Buffalo Americas, Inc, Hewlett Packard Enterprise Development Lp, Hitachi Data System Corporation, IBM, Internap, Microsoft, Rackspace, Softlayer Technologies. Inc, Zadara Storage, AT&T, Dell Technologies, Rackspace Inc., and Google, among others.
The Global Storage As A Service Market Has Been Segmented into:
Global Storage As A Service Market: By Service Type
- Cloud Backup
- Cloud Archiving
- Stand-Alone And Platform-Attached Storage
Global Storage As A Service Market: By Region
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
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