This Storage-as-a-Service is considered to be a business model where the companies can rent space in their storage infrastructure to another individual or company. The small and medium-sized companies can benefit from Storage-as-a-Service cloud solution since they lack the budget to maintain and implement the storage infrastructure.
The enterprises use the storage as a form of service so that the risk is mitigated in the disaster recovery. This also makes sure that there is an enhancement in business continuity, long-term retention, and also availability. The Storage-as-a-Service (STaaS) works in a manner where the enterprise signs in the service level agreement and provide STaaS at an agreed rent storage space where the cost is per gigabyte stored.