Global Storage As A Service Market

Apr 2020| VMR2268A| Verified Market Research

Report Highlights

Storage as a Service Market Size And Forecast

According to Verified Market Research, Global Storage as a Service Market was valued at USD 11.63 Billion in 2018 and is projected to reach USD 100.21 Billion by 2026, growing at a CAGR of 31.5% from 2019 to 2026.

Global Storage as a Service Market Overview

Organizations worldwide are confronted with huge data volumes generated internally. This volume is further amplified by the use of social media and the cloud. With the increased use of mobile devices such as smartphones and tablets by customers and employees, companies face added challenges of handling a variety of structured and unstructured data. Organizations are taking the help of enterprise storage service players to address this complexity. This has resulted in rising in the adoption of storage as a service among companies that in turn boosts the market.

Moreover, the increased need for the cost-effective business process also acts as a driving factor for the growth of the market. However, issues associated with bandwidth and interoperative might act as a restraint for the growth of the storage as a service market at a global level.

The major players in the market are AT&T, AWS, Google, Microsoft, Hewlett-Packard Enterprise Group (HPE)and IBM

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