The Storage as a Service research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.
This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Storage as a Service Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Storage as a Service Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
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Key Players involve in this research are:
- AWS (The U.S),
- IBM (The U.S),
- Google (The U.S),
- Microsoft (The U.S),
- HPE (The U.S),
- Hitachi Vantara (The U.S),
- Dell Technologies (The U.S),
- Rackspace (The U.S),
- Zadara Storage (The U.S),
- AT&T (The U.S),
- Cloudian (The U.S),
- Pure Storage (The U.S),
- Quantum Corporation (The U.S), and
- Netmagic Solutions (India).
Growth drivers and Market Value:
This report, from Stratview Research Storage as a Service Market value and growth drivers over the trend period of 2021-26. According to the report –
The Storage as a Service Market is expected to grow from USD 48.67 billion in 2020 to USD 159.28 million by 2026 at a CAGR of 21.5% during the forecast period.
Segment Analysis:
End-User Trends
Among the end users, IT and Telecom industry vertical is expected to the largest user of storage as a service due to the growing trend of work of home in the industry.
- The industry vertical is adopting all those solutions and services which can allow their employees to easily work from anywhere-anytime.
- Healthcare sector is expected to show significant growth rate in the storage as a service market owing to the increasing digitalization of the sector and sudden increase in the demand for effective healthcare services.
Regional Trends
In terms of regions, North America dominates the market, and this trend is expected to continue during the forecast period.
The region is the home of many cloud giants, and it has also shown a fast adoption of cloud-based services across all sectors in the past. Asia Pacific is expected to witness the highest CAGR during the forecast period due to the increasing number of small- and medium-sized businesses in the region that look for low-cost IT infrastructure solutions and storage as a service that fulfils such requirements.
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Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Storage as a Service report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
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