In the changed post COVID-19 business landscape, the global market for Storage-as-a-Service estimated at US$64 Billion in the year 2022, is projected to reach a revised size of US$376.1 Billion by 2030, growing at a CAGR of 24.8% over the period 2022-2030. Stand-Alone & Platform-Attached Storage, one of the segments analyzed in the report, is projected to record 22.1% CAGR and reach US$143.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cloud Archiving segment is readjusted to a revised 28% CAGR for the next 8-year period.
The U.S. Market is Estimated at $17.4 Billion, While China is Forecast to Grow at 33.2% CAGR
The Storage-as-a-Service market in the U.S. is estimated at US$17.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$106.3 Billion by the year 2030 trailing a CAGR of 33.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 21.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 19.1% CAGR.
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