Cloud Storage Gateway (CSG) Market by Type (Virtual Cloud Storage Appliances and Physical Cloud Storage Appliances), by Deployment Model (Private Cloud, Public Cloud, and Hybrid Cloud) for Manufacturing, Healthcare & Life Sciences, Media and Entertainment, BFSI, Retail, Research and Education, and Others by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2023

Global Cloud Storage Gateway (CSG) Market expected to reach approximately USD 7,165.41 million in 2023, growing at a CAGR of slightly above 29.68% between 2018 and 2023. Cloud storage gateway offers a systematic solution for establishing compatibility between different protocols used by cloud service providers and enterprises applications.

20-Apr-2018 | Number of pages: 110 | Report Code: ZMR-2795 | Report Format : | Status : Published

Analysis

The global demand for cloud storage gateway market is expected to grow from USD 1,509.41 million in 2017, and is expected to reach approximately USD 7,165.41 million in 2023, growing at a CAGR of slightly above 29.68% between 2018 and 2023.

A Cloud Storage Gateway (CSG) is a software or hardware networking device that offers connectivity services between a cloud storage service provider and local customer application. Cloud storage gateway serves as a bridge between local applications and remote cloud-based storage. CSG is designed in such a way that it provides interoperability between different data protocols used in client/server cloud architecture. It offers basic protocol translation and connectivity to allow the incompatible technologies to communicate transparently. Various CSG products provide additional storage features such as backup and recovery, data duplication, encryption and compression capabilities in order to use available bandwidth efficiently and move data as quickly as possible. As there is an incompatibility between the protocols used for public cloud technologies and conventional storage systems the need to integrate CSG across industries for seamless operation of processes has increased.

The global rise in adoption of cloud storage gateway systems can be attributed to the continuous rise in the use of data. Storing data on the cloud is cost saving as compared to on-premise storage which has fueled the growth of CSG market. The need to deal with encryption, backup, and recovery related to the huge amount of unstructured data creates problems for storage and management of data which is generated on a daily basis in large businesses. All these factors account for driving cloud storage gateway market. Factors related to data security are acting as the restraining factors for CSG market as the transmission of data to the cloud is prone to security breaches and data replication. Various vendors are focusing on acquisitions and collaborations with other cloud based service providers to expand their customer base globally. For instance, EMC Corporation acquires Maginatics, one of the major vendors in the global CSG market.

Cloud Storage Gateway (CSG) Market

Market segmentation of Cloud Storage Gateway (CSG) includes type, deployment model and verticals. The type segment is divided into virtual cloud storage appliances and physical cloud storage appliances. The deployment model segment is further divided into a private cloud, public cloud, and hybrid cloud. The verticals segment is further bifurcated into manufacturing, healthcare & life sciences, media and entertainment, BFSI, retail, research and education, and others. Regional segmentation of the CSG market includes North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with further country wise bifurcation into major countries such as U.S., UK, France, Germany, China, Japan, India, and Brazil.

The major players operating in the global cloud storage gateway market are EMC Corporation, Microsoft Corporation, Netapp, Ctera Networks Corporation, Amazon Web Services, Nasuni Corporation, Xactly Corporation, Maldivica, Agosto, Inc., and Panzura among others.


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