Storage As A Service (STaaS) Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Storage As A Service (STaaS) Market: By Service Type (Cloud NAS (File Storage), Cloud SAN (Block Storage), Cloud Archiving, and Cloud Backup), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, and IT and Telecom), and Geography

 

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Report

Description

Storage As A Service (STaaS) Market size was valued at USD 24.8 billion in 2021 and is expected to reach USD 149.8 billion by 2028, at a CAGR of around 29.3% during the forecast period 2022 to 2028. Owing to the growing usage of mobile devices such as smartphones & tablets by customers and employees, companies face challenges of handling a diversity of structured and unstructured data, which is one of the major factors driving the growth of the storage as a service market. Moreover, the increased necessity for the cost-effective business process is also anticipated to boost the growth of the storage as a service market. The surge in e-commerce in this region is also accountable for investors looking at expanding their operations in this part of the world. With next-gen Internet technologies paving the way with zero downtime, low latency, and seamless connectivity, cloud computing will emerge as a strong business opportunity, promoting growth of STaaS. Companies are facing new hurdles in handling a mix of structured and unstructured data as customers and employees increasingly use mobile devices such as smartphones and tablets. To deal with this complexity, businesses are enlisting the expertise of corporate storage service providers. This has led in a rise in company adoption of storage as a service, which has boosted the market. The Global Storage as a Service Market research offers a comprehensive analysis of the industry. The research includes a detailed analysis of the market’s major segments, trends, drivers, restraints, competitive landscape, and other important variables.

Key Development:

In June 2020, Commvault and Microsoft signed a multiyear agreement to integrate Commvault’s Metallic SaaS data protection portfolio with Microsoft Azure.

In May 2021, Hewlett Packard Enterprise announced innovations that transform HPE Storage into a cloud-native, software-defined data services business. As part of news, HPE unveiled a data services platform that delivers on its Unified DataOps vision for a new data experience that brings a cloud operations model to wherever data lives and unifies data operations. The new platform is designed to address the data explosion edge-to-cloud, collapse the silos and complexity that plague data environments, maximize agility and innovation, and reduce business risk.

Storage As A Service (STaaS) Market

MARKET SUMMARY
-
29.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 29.3%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Storage As A Service (STaaS) Market

  • The global storage as a service (STaaS) market report gives comprehensive outlook on storage as a service (STaaS) across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global storage as a service (STaaS) market gives historical, current, and future market sizes (US$ Mn) on the basis of service type, organization size, vertical, and region.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global storage as a service (STaaS).
Market Key Players
  • Google
  • AT&T
  • Microsoft
  • HPE
  • AWS
  • Dell Technologies
Storage As A Service (STaaS) Market Drivers

In addition to providing an overview of the fundamental variables shaping the Storage as a Service (STaaS) sector, the report also discusses various volume trends, price history, and market worth. This also assesses a variety of prospective growth drivers, threats, and opportunities in order to gain a complete picture of the market.


North-America Got Significant Share

Storage As A Service (STaaS) Market

In 2019, North America contributed highest revenue share followed by Europe, and Asia Pacific in the global STaaS market. Asia Pacific region is anticipated to grow with a significant CAGR over the forecast years owing to increasing focus on inorganic growth by the market players in the region and strategic collaborations and acquisitions in the region are the major factors driving the growth of the market. Furthermore, the rapid economic growth and increasing investments for digitalizing IT infrastructure in the countries of South Asia & Pacific is playing an important role in development of STaaS market in South Asia and Pacific. Adoption of digital payments, even in rural areas and cloud computing in the IT services, which forms the strengthens the backbone of Indian economy have fuelling this regional market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global storage as a service (STaaS) market expanding at significant CAGR over 2022 to 2028 owing to the rapid economic growth and increasing investments for digitalizing IT infrastructure
  • Based on region, North America accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on developments and collaboration strategies to retain market position in global market

Key

Key Features of the Report

Storage As A Service (STaaS) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Storage As A Service (STaaS) Market Introduction
2.1. Global Storage As A Service (STaaS) Market – Taxonomy
2.2. Global Storage As A Service (STaaS) Market –Definitions
2.2.1. By Service Type
2.2.2. By Organization Size
2.2.3. By Vertical
2.2.4. By Region
3. Global Storage As A Service (STaaS) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Storage As A Service (STaaS) Market Dynamic Factors – Impact Analysis
3.6. Global Storage As A Service (STaaS) Market – Competition Landscape
4. Global Storage As A Service (STaaS) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Storage As A Service (STaaS) Market, By Service Type , 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Cloud NAS
5.1.1. File Storage
5.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.2. Cloud SAN
5.2.1. Block Storage
5.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.3. Cloud Archiving
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Cloud Backup
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Storage As A Service (STaaS) Market, By Organization Size, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. SMEs
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Large Enterprises
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Storage As A Service (STaaS) Market Forecast, By Vertical, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. BFSI
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. IT and Telecom
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Storage As A Service (STaaS) Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Storage As A Service (STaaS) Market – Opportunity Analysis Index, By Service Type, By Organization Size, By Vertical and Region, 2022 – 2028
9. North America Storage As A Service (STaaS) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Service Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Cloud NAS
9.1.1.1. File Storage
9.1.2.  Cloud SAN
9.1.2.1. Block Storage
9.1.3.  Cloud Archiving
9.1.4. Cloud Backup
9.2. Organization Size Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. SMEs
9.2.2. Large Enterprises
9.3. Vertical Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. BFSI
9.3.2. IT and Telecom
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Storage As A Service (STaaS) Market – Opportunity Analysis Index, By Service Type, By Organization Size, By Vertical and Country, 2022 – 2028
9.6. North America Storage As A Service (STaaS) Market Dynamics – Trends
10. Europe Storage As A Service (STaaS) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Service Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Cloud NAS
10.1.1.1. File Storage
10.1.2.  Cloud SAN
10.1.2.1. Block Storage
10.1.3.  Cloud Archiving
10.1.4. Cloud Backup
10.2. Organization Size Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. SMEs
10.2.2. Large Enterprises
10.3. Vertical Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. BFSI
10.3.2. IT and Telecom
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Storage As A Service (STaaS) Market – Opportunity Analysis Index, By Service Type, By Organization Size, By Vertical and Country, 2022 – 2028
10.6. Europe Storage As A Service (STaaS) Market Dynamics – Trends
11. Asia-Pacific Storage As A Service (STaaS) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Service Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Cloud NAS
11.1.1.1. File Storage
11.1.2.  Cloud SAN
11.1.2.1. Block Storage
11.1.3.  Cloud Archiving
11.1.4. Cloud Backup
11.2. Organization Size Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. SMEs
11.2.2. Large Enterprises
11.3. Vertical Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. BFSI
11.3.2. IT and Telecom
11.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Storage As A Service (STaaS) Market – Opportunity Analysis Index, By Service Type, By Organization Size, By Vertical and Country, 2022 – 2028
11.6. Asia-Pacific Storage As A Service (STaaS) Market Dynamics – Trends
12. Latin America Storage As A Service (STaaS) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Service Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Cloud NAS
12.1.1.1. File Storage
12.1.2.  Cloud SAN
12.1.2.1. Block Storage
12.1.3.  Cloud Archiving
12.1.4. Cloud Backup
12.2. Organization Size Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. SMEs
12.2.2. Large Enterprises
12.3. Vertical Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. BFSI
12.3.2. IT and Telecom
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Storage As A Service (STaaS) Market – Opportunity Analysis Index, By Service Type, By Organization Size, By Vertical and Country, 2022 – 2028
12.6. Latin America Storage As A Service (STaaS) Market Dynamics – Trends
13. Middle East and Africa Storage As A Service (STaaS) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Service Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Cloud NAS
13.1.1.1. File Storage
13.1.2.  Cloud SAN
13.1.2.1. Block Storage
13.1.3.  Cloud Archiving
13.1.4. Cloud Backup
13.2. Organization Size Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. SMEs
13.2.2. Large Enterprises
13.3. Vertical Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. BFSI
13.3.2. IT and Telecom
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Storage As A Service (STaaS) Market – Opportunity Analysis Index, By Service Type, By Organization Size, By Vertical and Country, 2022 – 2028
13.6. MEA Storage As A Service (STaaS) Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Google
14.2.2. AT&T
14.2.3. Microsoft
14.2.4. HPE
14.2.5. Quantum Corporation
14.2.6. AWS
14.2.7. Dell Technologies
14.2.8. Hitachi Vantara
14.2.9. Zadara Storage
14.2.10. IBM Corporation
14.2.11. Rackspace Inc.
14.2.12. Cloudian
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Google
  • AT&T
  • Microsoft
  • HPE
  • Quantum Corporation
  • AWS
  • Dell Technologies
  • Hitachi Vantara
  • Zadara Storage
  • IBM Corporation
  • Rackspace Inc.
  • Cloudian

Description

Storage As A Service (STaaS) Market size was valued at USD 24.8 billion in 2021 and is expected to reach USD 149.8 billion by 2028, at a CAGR of around 29.3% during the forecast period 2022 to 2028. Owing to the growing usage of mobile devices such as smartphones & tablets by customers and employees, companies face challenges of handling a diversity of structured and unstructured data, which is one of the major factors driving the growth of the storage as a service market. Moreover, the increased necessity for the cost-effective business process is also anticipated to boost the growth of the storage as a service market. The surge in e-commerce in this region is also accountable for investors looking at expanding their operations in this part of the world. With next-gen Internet technologies paving the way with zero downtime, low latency, and seamless connectivity, cloud computing will emerge as a strong business opportunity, promoting growth of STaaS. Companies are facing new hurdles in handling a mix of structured and unstructured data as customers and employees increasingly use mobile devices such as smartphones and tablets. To deal with this complexity, businesses are enlisting the expertise of corporate storage service providers. This has led in a rise in company adoption of storage as a service, which has boosted the market. The Global Storage as a Service Market research offers a comprehensive analysis of the industry. The research includes a detailed analysis of the market’s major segments, trends, drivers, restraints, competitive landscape, and other important variables.

Key Development:

In June 2020, Commvault and Microsoft signed a multiyear agreement to integrate Commvault’s Metallic SaaS data protection portfolio with Microsoft Azure.

In May 2021, Hewlett Packard Enterprise announced innovations that transform HPE Storage into a cloud-native, software-defined data services business. As part of news, HPE unveiled a data services platform that delivers on its Unified DataOps vision for a new data experience that brings a cloud operations model to wherever data lives and unifies data operations. The new platform is designed to address the data explosion edge-to-cloud, collapse the silos and complexity that plague data environments, maximize agility and innovation, and reduce business risk.

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