Reportstack has announced a new market research report on Global STaaS Market 2015-2019. A growing need for data backup and archiving services worldwide is impacting the Global Storage as a Service (STaaS) Market, which is expected to post a CAGR of 37.96 percent from 2014-2019.
According to the report, data volumes worldwide have seen an exponential increase in the past decade. Historical data play a critical role in shaping the decision making process of enterprises and these companies are looking for solutions to backup and archive their data. “Organizations are shifting their focus towards cloud-based storage media, as it is more reliable and cost-effective,”.
“Subscription-based models of cloud-based storage are also getting popular, as they ensure enterprises pay only for the storage used.” The report also highlights third-party service providers who are offering enhanced disaster recovery mechanisms, in order to facilitate data recovery in the aftermath of a disaster.
“In the event of a disaster, enterprises risk massive data losses. To combat this, many are increasingly focused on adopting disaster recovery-as-a-service to handle the aftermath of disasters effectively,”. “The DRaaS solution is also flexible enough to accommodate frequent changes in business requirements.”
Complete report with TOC available @ Global STaaS Market 2015-2019.