Global Storage as a Service Market 2016-2020

NEW YORK, July 27, 2016 /PRNewswire/ -- 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.

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

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SOURCE Reportlinker

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