Boston, MA -- (SBWIRE) -- 07/18/2016 -- Storage as a service allows data to be remotely managed, maintained, and backed. Users can store and access any data from any location. The services can be accessed through any network, typically over the Internet. Cloud-based storage reduces the capital expenditure (CAPEX) and gives an ease of access; however, enterprises need to be aware that data need to be locally backed up because recovering data from cloud is comparatively slower.

Even though there are some disadvantages to cloud storage, the majority of enterprises believe that the benefits offset the risks. Cloud-based storage provides low-cost metered storage option. The cost of on-premise storage per gigabyte per month ranges from 75 cents to $1.20 compared to cloud storage that can be as low as 4 cents/GB/month.

Technavio's analysts forecast the global storage as a service market to grow at a CAGR of 29.59% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global Storage as a Service Market 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global storage as a service market for 2016-2020. To calculate the market size, we consider revenue generated from storage as a service vendors. We also consider enterprises' spending on storage as a service solution such as cloud storage solutions for disaster recovery and data archiving solutions and services.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Storage as a Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-AT&T
-AWS
-Google
-HPE
-IBM
-Microsoft

Other prominent vendors

-Arsys
-CenturyLink
-Cloudian
-CSC
-Egnyte
-iomart Group
-Iron Mountain
-Joyent
-Nasuni
-NTT
-Peer 1 Hosting
-Quantum
-Rackspace
-Swisscom
-Verizon Communications (Terremark)
-Zetta.net

Market driver

-Need to orchestrate cloud-based storage systems
-For a full, detailed list, view our report

Market challenge

-Bandwidth limitations
-For a full, detailed list, view our report

Market trend

-Need to orchestrate cloud-based storage systems
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: AT&T, AWS, Google, HPE, IBM, Microsoft, Arsys, CenturyLink, Cloudian, CSC, Egnyte, iomart Group, Iron Mountain, Joyent, Nasuni, NTT, Peer 1 Hosting, Quantum, Rackspace, Swisscom, Verizon Communications (Terremark), Zetta.net.

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