Packaging Industry Today
Global Storage as a Service Market Size, Status and Forecast 2018-2025
Storage as a Service is a business model in which a large company rents space in their storage infrastructure to a smaller company or individual.
The impact of the Dodd-Frank Act on the storage market will be a key factor spurring the growth prospects for this market during the estimated period. Recently, in the global financial sector, a number of rules and regulations for swaps came into effect under the Dodd-Frank Act. This act has completely overhauled the global financial sector by promoting financial stability and creating transparency and accountability in the financial systems. Since sectors like utilities, chemical, mining, airlines, agribusiness, and commerce require the implementation of appropriate business, management, and technology tools, the need for the Dodd-Frank Act will increase as it mandates record keeping for business documentation purposes.
The Americas accounted for a market share of around 48% during 2017 and will be the largest region for this market until the end of 2023. In this region, the rising need for backup and data archiving in the cloud will lead to the strong growth of this market. In addition, the implementation of cloud-based storage solutions across industries like BFSI, healthcare, and education will also result in the growth of the market in the Americas.
In 2017, the global Storage as a Service market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
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The key players covered in this study
AT&T
AWS
HPE
IBM
Microsoft
Market segment by Type, the product can be split into
Stand-Alone and Platform-Attached Storage
Cloud Archiving
Cloud Backup
Market segment by Application, split into
Small and Medium Enterprise
Large Enterprise
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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