The global cloud storage gateway market size is likely to attain over USD XX billion by the year 2028. Besides, it is likely to project a CAGR of nearly X.X% during the forecast years 2021-2028. The cloud storage gateway market is driven by the rising need for data encryption which acts as a driver as the demand for cloud storage gateway is increasing.
The present and future cloud storage gateway market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that affect the market is the demand for efficient disaster recovery and backup rises, as data usage is increasing. Furthermore higher deployment rate of cloud-based solutions is the key factor driving the market growth for the cloud storage gateway market.
Also, the increasing integration of cloud storage with legacy storage devices and infrastructure for transparent communication, digital connectivity, and for data archiving in the cloud-based business organizations is another factor driving the market growth. Furthermore, the rising demand for advanced disaster recovery and backup products and solutions in various organization which is likely to provide lucrative development opportunities for the cloud storage gatewaymarket in the forthcoming years.
The report also emphasizes several distinctiveness of the global cloud storage gateway industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the cloud storage gateway industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The cloud storage gateway market has tough competition among the new emerging and pre-established market vendors. Besides, the cloud storage gateway industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the organization size, the cloud storage gateway market is segmented into small and medium enterprises, and large enterprises. The large enterprise sector is expected to grow at a significant rate due to the need for secure management and huge data management.
North America region is expected to grow at fastest rate over the forecast period. The increase of adoption in this area is due to the high penetration of cloud-based organization in this region. Furthermore, Asia-Pacific market is expected to grow at a higher CAGR in the forecast period due to the increasing adoption of cloud-based storage solutions and rise in demand for fast, secure, reliable and easy accessible storage environment in various industries.
The major players of the global cloud storage gateway market are Agosto, Amazon Web Services, CTERA Network Corporation, EMC Corporation, Emulex Corporation, Hewlett-Packard, Maldivica Inc., Microsoft Corporation, Nasuni, NetApp, Dell Inc., Oracle Corporation. Renowned companies are offering new and modern cloud storage gateway software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Cloud Storage Gateway Market
Organization Size Overview, 2021-2028 (USD Million)
- Small and Medium Enterprises
- Large Enterprises
Deployment Type Overview, 2021-2028 (USD Million)
End Use Overview, 2021-2028 (USD Million)
- Healthcare and Life Science
- Retail & Consumer Goods
- Research and Education
- High Tech and Electronics
- Media & Entertainment
Regional Overview, 2021-2028 (USD Million)
- North America
- Asia Pacific
- Middle East and Africa
- South America