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Storage as a Service (STaaS) Market: By End User, Commercial, Outdoor, Regional Analysis and Forecast 2023-2029

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The global Storage as a Service (STaaS) Market size was valued at USD 43.26 Billion in 2021 and is projected to reach USD 137.37 Billion by 2028, growing at a CAGR of 26.5% from 2022 to 2028.

Storage as a Service (STaaS) referred to as hosted storage is a subscription service model where a company can rent lease or rents its storage infrastructure to another company or individual to store data. As compared to building private storage infrastructure, storage as a service is cost-efficient.  Small and medium businesses, enterprises, home offices, and individuals use the cloud for multimedia storage, data backup and recovery, data repositories, and disaster recovery. 

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The global Storage as a Service (STaaS) Market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Storage as a Service industry.

Segmentation of Storage as a Service (STaaS) Market: -

By Service Type       

  • Cloud NAS
  • Cloud SAN
  • Cloud Backup
  • Cloud Archiving

By Enterprise Size   

  • Small Medium Enterprises
  • Large Enterprises

By End-User 

  • BFSI
  • IT Telecommunication
  • Retail
  • Healthcare
  • Manufacturing
  • Others

By Region: -

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

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Leading Key Players Covered Storage as a Service (STaaS) Market: -

  • Hitachi Vantara
  • Zadara Storage
  • Cloudian
  • Quantum Corporation
  • AWS
  • IBM Corporation
  • Microsoft
  • HPE
  • Google
  • ATT
  • Dell Technologies
  • Rackspace Inc., and other major players.

COVID-19 Impact on Storage as a Service (STaaS) Market  

The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. Mandatory containment measures and health safety compliances have put huge pressure on remote operations across a wide array of industry verticals which further derailed the market growth rate.

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Report Includes Competitor's Landscape:

  • Major trends and growth projections by region and country
  • Key winning strategies followed by the competitors
  • Who are the key competitors in this industry?
  • What shall be the potential of this industry over the forecast tenure?
  • What are the factors propelling the demand for the Action Figures and Statues?
  • What are the opportunities that shall aid in significant proliferation of the market growth?
  • What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
  • How has the covid-19 impacted the growth of the market?
  • Has the supply chain disruption caused changes in the entire value chain?

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