Dublin, July 15, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Storage as a Service Market 2016-2020" report to their offering.

The global storage as a service market to grow at a CAGR of 29.59% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global storage as a service market for 2016-2020. To calculate the market size, we consider revenue generated from storage as a service vendors. We also consider enterprises' spending on storage as a service solution such as cloud storage solutions for disaster recovery and data archiving solutions and services.

A trend which is boosting market growth is the emergence of OpenStack. OpenStack is an open-source cloud-based computing technology initiated as a joint project by Rackspace and National Aeronautics and Space Administration (NASA) in 2010. The technology involves a set of software tools that help manage and build cloud-computing platforms in the cloud. The open-source software is backed by major companies, and many individual community members are involved in software development and hosting. OpenStack is considered the future of cloud computing.

According to the report, a key growth driver is the need to orchestrate cloud-based storage systems. Orchestration of cloud-based storage services is required to automate the data allocation process in cloud-based database management systems. The advent of new technologies such as OpenStack has automated the data storage process in the client's IT ecosystem. Cloud orchestration solutions align and coordinate the resource provisioning process in the cloud-based database.

Orchestration solutions helps enterprises reduce costs and improve efficiency in the digital content management solutions. Enterprises seek cloud-based storage solutions that can eliminate the need to buy non-premise IT resources continuously to store organizational documents.

Further, the report states that one challenge that could hamper market growth is bandwidth limitations.

Key vendors

- AT&T
- AWS
- Google
- HPE
- IBM
- Microsoft

Other prominent vendors

- Arsys
- CenturyLink
- Cloudian
- CSC
- Egnyte
- iomart Group
- Iron Mountain
- Joyent
- Nasuni
- NTT
- Peer 1 Hosting
- Quantum
- Rackspace
- Swisscom
- Verizon Communications (Terremark)
- Zetta.net

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by technology

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15: Appendix

For more information visit http://www.researchandmarkets.com/research/wnf4tq/global_storage_as

CONTACT: Research and Markets
         Laura Wood, Senior Manager
         press@researchandmarkets.com

         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

         U.S. Fax: 646-607-1907
         Fax (outside U.S.): +353-1-481-1716

         Sector: Cloud Computing and Storage

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.