Recent global economic developments are disrupting organizational goals and stunting business growth. In the U.S. alone, growth is projected to drop to 0.5% over the course of 2023, representing the weakest performance outside of official recessions since 1970.1
If you’re like most business leaders, you’re trying to find ways to do more with less to navigate these uncertain economic times. Data is pouring in at a prolific pace and it’s getting harder to manage. And as budgets get tighter, you need to reduce your IT spending.
To combat these conflicting priorities, many businesses are turning to Storage-as-a-Service. In fact, Gartner predicts that by 2025, 59% of global corporate enterprise-grade storage petabytes (PBs) will be consumed off-premises as part of a managed STaaS hybrid IT multi-cloud initiative.2 And the STaaS market as a whole is expected to surge at a CAGR of 16.4%.3