Ross Wilkers
TechNavio expects the growing need for data backup and archiving to propel a storage-as-a-service market growth of 37.96 percent annually from 2015 through 2019.
The report lists Amazon, AT&T, Google, Hewlett-Packard, IBM and Microsoft as the tier-one industry players, Technavio said in February.
TechNavio classifies the market into stand-alone and platform-attached storage, cloud backup and cloud archiving, and expects these services to face challenges from cloud data security issues.
Under the STaaS business model, a service provider leases its storage infrastructure to a company after both parties ink a service level agreement, ReportsnReports says.
