Research and Markets: Storage-as-a-Service Market to Grow 38% Annually Through 2019

Cloud securityA Research and Markets report predicts the global market for managed data storage, backup and archiving services will grow at a 37.96 percent compound annual growth rate from 2015 to 2019.

The research firm said Friday the storage-as-a-service model is designed to help organizations recover enterprise data and ensure business continuity in the event of a disaster.

STaaS providers also work with enterprise clients to archive historical business information in cloud infrastructure, according to the market report.

The report also noted that organizations’ concerns about data security are growing as cloud technologies and encryption and decryption mechanisms continue to evolve.

Key STaaS vendors profiled in the report include Amazon, AT&T, Hewlett-Packard, IBM and Microsoft.

Check Also


Cisco’s Webex Collaboration Platform Gets FedRAMP Certification

Cisco has obtained Federal Risk and Authorization Management Program certification for Webex for Government, an application designed to unify messaging, calling and virtual meetings into one platform.


AirMap to Develop Unmanned Traffic Mgmt Platform for Air Force’s Vertical Flight Test Program

AirMap has received a $1M contract to provide the U.S. Air Force an unmanned traffic management platform for use in the branch's flight test of electric vertical takeoff and landing aircraft.


USGS Selects Dewberry for Multistate Geophysical Survey Projects

Dewberry has secured task orders to help the U.S. Geological Survey conduct airborne geophysical surveys over the states of Illinois, Kentucky, Missouri, New Mexico and Texas.