Friday 24 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global STaaS Market: Amazon Inc., AT&T Inc., Google Inc., Hewlett-Packard (HP) Company, IBM Corp., and Microsoft Corp.
Other Prominent Vendors in the market are: Arsys, CenturyLink, Cloudian, CSC, Egnyte, iomart Group, Iron Mountain, Joyent, Nasuni, NaviSite, Nippon Telegraph and Telephone, PEER 1 Hosting, Quantum, Rackspace, Swisscom, Verizon Communications (Terremark) and Zetta.net.
The report said: “Disaster recovery as a service is a key trend being witnessed in this market. This solution enables fast recovery of enterprise data in case of a disaster at the third-party vendor's location and, therefore, enables continuity in business operations. The presence of effective recovery mechanisms is an essential requirement that determines the choice of a STaaS provider.”
According to the report, the need for data backup and archiving services has increased worldwide because of an exponential growth in data volumes. Enterprises refer to their historical data to make well informed business decisions and predict future growth patterns. Storing these historical data in an on-premise IT setup is expensive for enterprises and STaaS enables the storage of enterprise data in a cloud and in an archived format.
Further, the report states that concerns about the security of data stored in a cloud have increased. Cloud computing technologies have evolved over the years and so have the encryption and decryption mechanisms used while storing enterprise data .Data security concerns among enterprises are also attributed to an increase in third-party storage of enterprise data.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.