Global Storage as a Service (SaaS) Market – Industry Trends and Forecast to 2029

Global Storage as a Service Market, By Service Type (Cloud Backup, Cloud Archiving, Stand-Alone and Platform-Attached Storage), Enterprise Size (Small and Medium Enterprises, Large Enterprises), Industry Vertical (Media and Entertainment, Government, Healthcare, IT and Telecom, Manufacturing, Education, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029

Market Analysis and Insights Global Storage as a Service (SaaS) Market

The storage as a service (SaaS) market is expected to witness market growth at a rate of 30.82% in the forecast period of 2022 to 2029. Data Bridge Market Research report on storage as a service (SaaS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in end user verticals globally is escalating the growth of storage as a service (SaaS) market.

Storage as a Service, also known as hosted storage, refers to a business model where a company usually rents or leases its storage infrastructure to another individuals or company for storage of data. Small companies and individuals often adopt the service as it is considered a suitable method for managing backups, while providing cost savings in hardware, personnel, and physical space.

The surge in data consumptions among organizations across the globe acts as one of the major factors driving the growth of storage as a service (SaaS) market. The increased use of mobile devices such as smartphones and tablets by customers and employees, and rise in need for data archiving accelerate the market growth. The availability of cost-effective services and cutting-edge expertise rendered by data servicing companies, and high adoption of the service as it is cost effective and reduces risks in disaster recovery further influence the market. Additionally, rise in the adoption of Internet of things, increase system availability, huge amounts of data generated, rapid digitization, and integration of advanced technologies positively affect the storage as a service (SaaS) market. Furthermore, increased adoption of archive as a service, and emergence of cloud-based storage gateways extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, issues associated with bandwidth and interoperative limitations are expected to obstruct the market growth. Privacy and security concerns are projected to challenge the storage as a service (SaaS) market in the forecast period of 2022-2029.

This storage as a service (SaaS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on storage as a service (SaaS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Storage as a Service (SaaS) Market Scope and Market Size

The storage as a service (SaaS) market is segmented on the basis of service type, enterprise size and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.    

• On the basis of service type, the storage as a service (SaaS) market is segmented into cloud backup, cloud archiving, and stand-alone and platform- attached storage.
• On the basis of enterprise size, the storage as a service (SaaS) market is segmented into small and medium enterprises and large enterprises.
• On the basis of industry vertical, the storage as a service (SaaS) market is segmented into media and entertainment, government, healthcare, IT and telecom, manufacturing, education and others.

Storage as a Service (SaaS) Market Country Level Analysis

The storage as a service (SaaS) market is analyzed and market size, volume information is provided by country, service type, enterprise size and industry vertical as referenced above.    

The countries covered in the storage as a service (SaaS) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the storage as a service (SaaS) market due to the strong growth in cloud computing applications and rise in demand for cloud-based business within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2022 to 2029 because of the surge in e-commerce in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Storage as a Service (SaaS) Market Share Analysis

The storage as a service (SaaS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to storage as a service (SaaS) market.

Some of the major players operating in the storage as a service (SaaS) market report are Amazon Web Services, Inc., IBM Corporation, Dell Inc., Internap Corporation, RACKSPACE US, INC., Microsoft, APTARE, Inc., Hitachi Vantara Corporation, Buffalo Americas, Inc., Hewlett Packard Enterprise Development LP, AT&T Intellectual Property., Cloudian, Egnyte, Inc, and Joyent, Inc., among others.

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