Seagate launches cloud storage-as-a-service platform in Singapore
- Seagate launches premier cloud storage-as-a-service platform, Lyve Cloud for businesses of all sizes in Singapore.
- The S3-compatible storage-only cloud known for its simplicity, flexibility, and cost predictability.
Cloud services continue to see strong demand in Southeast Asia. In Singapore, the cloud is used for various use cases from running applications and workloads to being used for backup and storage. When it comes to storage, while most regulations require data to be stored locally, companies can still opt to use the cloud for storage-as-a-service.
Cloud storage-as-a-service enables businesses to have access to their data from anywhere that has an internet connection. Cloud storage has proven to be a very important tool when businesses had to switch to remote work during the pandemic.
Today, there is a myriad of cloud providers that offer storage-as-a-service. Cloud storage also acts as a backup solution for local storage on physical drives. There are four main types of cloud storage, public cloud storage, private cloud storage, hybrid cloud storage, and the community cloud.
The cloud storage market is also growing rapidly with the market expected to reach US$ 222.25 billion by 2027. In Singapore, cloud storage continues to be in demand as businesses modernized their workloads and solutions.
Seagate Technology Holdings has launched its premier cloud storage-as-a-service platform, Lyve Cloud for businesses of all sizes in Singapore. The S3-compatible storage-only cloud known for its simplicity, flexibility, and cost predictability has been trusted by many partners and customers since its launch in the United States last year.
According to Seagate’s Rethink Data report, today’s enterprises struggle to leverage their data efficiently and as much as two-thirds of the data available to enterprises is not utilized due to data storage and management challenges. Enabling enterprises to build barrier-free mass data environments, Seagate introduced Lyve Cloud and collaborated with industry-leading cloud ecosystem partners to offer simple, efficient, and well-integrated cloud storage services.
Lyve Cloud now has over 50 companies in its ecosystem network, including Zadara, Equinix, and PacketFabric, to help businesses fully utilize their cloud infrastructure.
For Ravi Naik, chief information officer and executive vice president of storage services for Seagate, the Singapore launch marks Lyve Cloud’s anniversary and commitment to helping enterprises in more countries harness the flow of mass data.
Meanwhile, Anna Claiborne, co-founder, and CTO of PacketFabric said Seagate’s Singapore Lyve Cloud launch provides them with the opportunity to expand their storage offerings in the Asia Pacific region.
“Together, we can better serve our respective customers as they connect their networks and storage across multiple clouds and edges with the control and access they need to best manage their expanding data and realize its full value. PacketFabric is excited to work with Lyve Cloud to provide local cloud storage in Singapore,” commented Claiborne.
Seagate’s Lyve Cloud offers data privacy, no lock-in, no API charges, and no egress fees, allowing customers to retain full control of their data while lowering the total cost of ownership (TCO) for storing, accessing, and moving massive data sets. Its ISO27001 and SOC2 certifications meet the data security needs of enterprise customers and provide always-on encryption for data in motion and at rest.