Wasabi recognized for straightforward pricing model and consistent growth
Wasabi announced it has been named a Contender in the IDC MarketScape Public Cloud Cold Storage Services 2020 Vendor Assessment. The report noted, “Wasabi is unique in the broader public cloud IaaS market because it offers a storage service that meets the definitions for both “hot” and “cold” in terms of access and cost requirements, all under a single price point — no other provider in this IDC MarketScape does this.”
According to the report, “Wasabi’s core strengths and differentiators in the cold storage market lie in the platform’s simplicity and speed. The vendor offers a single storage tier with a single price. This means that customers do not have to manage ingress/egress fees or additional costs for data access. This is an extremely attractive value proposition, specifically in the cold storage market where the cost of storage remains a major sticking point for customers. Wasabi builds onto this value proposition with features normally associated with ‘hot’ storage, like millisecond access time for objects and enterprise-class data availability and durability[…]this approach is what makes Wasabi such a unique and versatile provider in the cold storage market.”
The IDC MarketScape’s recognition is the latest in a series of milestones for the company, following Wasabi’s recent $30 million funding round. Wasabi continues to expand its ecosystem, working with more than 3,100 total channel partners and over 200 technology partners to reach more than 18,000 customers. Last month, IT research firm Nucleus Research published a report touting Wasabi as a “progressive vendor” and a leading AWS alternative.
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