The global cloud storage gateway market is expected to expand at a substantial CAGR during the forecast period, 2020 – 2026. The gateway of cloud storage is the software or hardware-based apparatus situated in the premises of the client. Increase in data silos in multiple sectors across the globe is considered to drive the global cloud storage gateway market during the forecast period. Increasing demand for cloud storage gateways services and rising cloud-based offshoring services and solutions among various information technology (IT) institutes is another factor expected to boost growth of the target market. Development in infrastructure for transparent communication, increase in integration of cloud storage with legacy storage devices and digital connectivity is expected to boost the growth pf the market. Rise in demand for advanced disaster recovery and backup products and solutions in various organizations is expected to contribute to the growth of the market. The cloud storage gateway market is beneficial for multiple end-users in various sectors such as IT & telecom, retail & e-commerce, education & research, government, media & entertainment, transportation & logistics, health care, banking, financial services and insurance (BFSI), manufacturing, and others. The advancement in technology and adoption of technology will boost the market growth during the forecast period. The global cloud storage gateway market is segmented into product types, deployment model, enterprise size, end-user and regions. Get Free Sample Before PurchasingMarket Trends, Drivers, Restraints, and Opportunities:
- Exponential rise in the volume of data generated within enterprises, multiple organizations undergoing digital transformation, rise in demand for data encryption to protect the organization’s critical information and increase in demand for efficient disaster recovery and backup are considered to drive the market during the forecast period.
- Data security and handling within the enterprise, low speed associated with WAN networks, and growing latency in remote areas are considered as the restraints and it is expected to hamper the growth of the market.
- Increase in rate of deployment of cloud-based solutions in enterprises is creating immense opportunities for vendors in the cloud storage gateway market and this will boost the growth of the global cloud storage gateway market during the forecast period.
Scope of the Report The report on the global cloud storage gateway market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. AttributesDetailsBase Year2019Historic Data2015–2018Forecast Period2020–2026Regional ScopeAsia Pacific, Europe, North America, the Middle East & Africa, and Latin AmericaReport CoverageCompany Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast Global Cloud Storage Gateway Market Segment Insights: On the basis of product types, the global cloud storage gateway market is divided into virtual cloud storage gateway appliances and physical cloud storage gateway appliances. Virtual cloud storage gateway held the largest share in recent times and it is estimated to dominate the market during the forecast period due to increase in adoption of cloud-based gateway solutions in cloud-based organizations across the globe. Physical cloud storage gateway is expected to expand at a substantial CAGR during the forecast period. Based on deployment model, the global cloud storage gateway market is split into public cloud, private cloud, and hybrid cloud. The public cloud segment is projected to dominate the cloud storage gateway market during the forecast period as this section is efficient, simpler and standardized to be utilized in multiple sectors such as IT & telecom, retail & e-commerce, education & research, government, media & entertainment, transportation & logistics, health care, banking, financial services and insurance (BFSI), manufacturing, and others. Increase in deployment of cloud storage gateways on public cloud for efficient storage and optimized operations in multiple business organizations is considered to drive the market during the forecast period. In terms of enterprise size, the global cloud storage gateway market is segmented into large enterprises and small & medium enterprises (SMEs). The large enterprise size segment is expected to expand due to requirement for secure management and huge data storage. The SMEs will contribute for the growth of the market as the requirement for cloud storage gateway is less as compared to large enterprises. Based on end-use industry, the global cloud storage gateway market is segregated into IT & telecom, retail & e-commerce, education & research, government, media & entertainment, transportation & logistics, health care, banking, financial services and insurance (BFSI), manufacturing, and others. The banking, financial services and insurance (BFSI) segment is projected to expand and dominate the global cloud storage gateway market during the forecast period due to increase in demand for recovery data storage gateways on cloud in emerging countries across the globe and rise in demand for secure management. On the basis of regions, the global cloud storage gateway market is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. North America is expected to account the largest share during the forecast period due to high penetration of cloud-based organization in various countries in this region. Asia Pacific is estimated to generate significant opportunities and expected to witness the highest CAGR during the forecast period due to increase in adoption of cloud-based storage solutions and rise in demand for reliable, secure, fast, and easily accessible storage environment in various industries in this region. Competitive Landscape: The world leading players in the global cloud storage gateway market include
Agosto, Inc., Amazon Web Services,
Ctera Networks Corporation, EMC Corporation, Emulex Corporation, Hewlett Packard Enterprise (HPE), Maldivica Inc., Microsoft Corporation, Nasuni, and NetApp, Inc. These vendors continue to invest considerably in research & development (R&D) in order to integrate advanced technologies into their solutions and introduce innovative products to gain market share. Also, these vendors continue to for new partnerships with local players so as to expand their presence and gain share in regional markets. The global cloud storage gateway market has been segmented on the basis of Product Types
- Virtual Cloud Storage Gateway Appliances
- Physical Cloud Storage Gateway Appliances
Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
End-user
- IT & Telecom
- Retail & E-commerce
- Education & Research
- Government
- Media & Entertainment
- Transportation & Logistics
- Health Care
- Banking, Financial Services and Insurance (BFSI)
- Manufacturing
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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