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Cloud Storage Gateways Market Opportunity and Forecast, 2021-2028

06-29-2021 12:24 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Cloud Storage Gateways Market Opportunity and Forecast,

A cloud storage gateway is a software or hardware networking device that provides connectivity and protocol translation services between a cloud storage service provider and local customer application. It is a software implemented on a local machine or application to facilitate data transfer between incompatible protocols, security, and compression services. A cloud storage gateway is designed to provide better interoperability between different data protocols used in a client/server cloud architecture. Generally, cloud storage gateways are implemented as software gateways provide a suite of services to facilitate seamless data transfer and retrieval between remote cloud storage servers, data compression for faster transfer, version management, and control of entire storage snapshots and run-time encryption, which ensures secure data transmission.

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The ever-increasing volume of data on digital networks among government agencies and private enterprises encourage adoption of cloud storage, which drives the cloud storage gateways market. Gateway providers normally reduce data redundancy and surge compression capabilities to utilize bandwidth resourcefully and mobilize data, cutting down Capex and Opex cost of organizations, which drives the cloud storage gateways market growth. Reduced digital footprint for low service cost boosts demand for cloud storage gateways. However, rise in concerns related to safety and legitimate use of this data is a major challenge for growth of the cloud storage gateways industry. Contrarily, demand for efficient disaster recovery and backup rises, as data usage is increasing, which is further expected to boost the cloud storage gateway market during the forecast period. In addition, organizations are opting for cloud storage as there is high cost associated with traditional storage which is anticipated to drive the cloud storage gateways market.

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The need to manage rise in volume of unstructured data is seen across every organization’s IT department. Businesses want to shift to cloud storage solutions to deliver these capabilities and reduce costs. To be able to store this data while meeting requirements for durability, availability, and performance, all while containing costs, many IT organizations have turned to cloud-based solutions such as object storage. For instance, Amazon S3 has become so successful that it is becoming a standard application protocol in the industry and is creating demand for on-premises object-based storage too. Various developments in the cloud storage market are further expected to accelerate growth of the cloud storage gateways market.

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Key benefits of the report:

This study presents analytical depiction of the global cloud storage gateways industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cloud storage gateways market share.
The current market is quantitatively analyzed from 2021 to 2027 to highlight the cloud storage gateways market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global cloud storage gateways market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in theirrespective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics,Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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