Pune, Maharastra -- (SBWIRE) -- 10/08/2015 -- The analysts forecast storage as a service (STaaS) market in the US to grow at a CAGR of 33.40% over the period 2014-2019. Subscription costs associated with storing data on the cloud is decreasing steadily because of competitiveness among vendors. There are several emerging vendors in the US market offering storage in the cloud with affordable subscriptions. The market for backup and data archiving is also competitive with regard to pricing.

Browse Storage-as-a-Service Market in US 2015-2019 Report.

According to the report, analytics has become the backbone for successful business operations. It enables companies to arrive at a decision. An increasing volume of data generated has prompted organizations to opt for the pay-as-you-store subscription-based model to store data. The reason for this is that owning and operating in-house infrastructure for growing data is expensive.

Further, the report states that the major obstacle to the adoption of STaaS is the concern over data security. Although cloud-based offerings have evolved over the years and encryption and decryption mechanisms have become more sophisticated, it is still a serious concern.

The following companies are the key players in the Storage as a Service Market in US: Amazon, AT&T, Google , HP, IBM, Internap, Microsoft and Rackspace

Other Prominent Vendors in the market are: CenturyLink, Cloudian, CSC, Egnyte, Iron Mountain, Joyent, Nasuni, NaviSite, NTT, PEER 1 Hosting, Quantum, Verizon, and Zetta.net.

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This report covers the current scenario and the growth prospects of the storage as a service (STaaS) market in the US for 2015-2019. To calculate the market size, the report considers revenue generated from the adoption of cloud storage by enterprises, which include:

Total revenue generated by stand-alone storage services, and cloud-based backup and archiving services
The revenue includes the subscription cost paid by an enterprise for the adoption of storage services
It does not include the underlying infrastructure cost for storing data in cloud

The market is divided into the following segments:

Stand-alone storage
Cloud backup
Cloud archiving

The report, Storage as a Service (STaaS) Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the landscape of the STaaS market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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