The Storage as a Service (SaaS) is a recent business process model. It involves renting the storage infrastructure of large companies to small companies or individuals. This is largely beneficial for SMBs as these businesses can eliminate the hardware costs required to maintain their storage facility. Usage of storage as a service model is cost effective and reduces risks in disaster recovery. This is the major advantage of the business process model.
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The global storage as a service market is segmented on the basis of service type and region. The service type segment includes cloud backup, cloud archiving, stand-alone, and platform-attached storage. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in this market are Amazon Web Services, Inc, Hewlett Packard Enterprise Development LP, IBM, Internap, Rackspace, Microsoft, SoftLayer Technologies. Inc, APTARE, Inc., Hitachi Data Systems Corporation, and Buffalo Americas, Inc
Increased need for cost effective business process majorly drives the market. In addition, rise in need for data archiving further fuels the market growth. However, bandwidth and interoperative issues hinder the growth of the market. The emergence of cloud-based storage gateways and increased adoption of archive as a service provides development opportunities.
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