Evolution of “as-a-Service” Era in Cloud Primes Cloud Based Storage for Mainstream Adoption
Numerous benefits of cloud that can no longer be overlooked against the backdrop of the evolving era of “as-a-Service” where 'everything' is now a service (XaaS) are poised to drive the global market for Cloud-Based Storage Services to reach US$117 billion by 2024 . The importance of data is well known in the information age, with data being likened to the new oil vital for running the economy and fueling its growth. Data and information assets are today more valuable for companies than physical assets. Against this backdrop, appropriate handling of data is gaining prominence as companies wake up to the value of time sensitive data, and thereby undertake efforts to ensure its timely availability and easy accessibility. This brings to fore the growing importance of data storage and its ability to support a company’s changing business goals, and needs. In addition, data in the modern enterprise environment is distributed. Cloud servers, in this regard, are emerging into th...