Cloud Storage Gateway Market Report 2021: Size, Share, Trends, Growth And Future Scope 2027

Precision Business Insights published a research report on “Cloud Storage Gateway Market: By Type (Virtual Cloud Storage Gateway Appliances and Physical Cloud Storage Gateway Appliances), By Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), By Organization Size (Large Enterprise and Small and Medium-Sized Enterprises (SMB)), By End User (BFSI, Manufacturing, Healthcare and Life Sciences, Retail and Consumer Goods, Research and Education, High Tech and Electronics, Media and Entertainment and Others) and Geography - Global/Region/Country Forecast to 2027".

The cloud storage gateway is a critical gateway service that can be used on-premises or in the cloud. It is critical in ensuring a secure and seamless connectivity between cloud-based storage services and on-premise infrastructure. Cloud storage gateways support universal file storage protocols and provide low-latency access to data by gathering frequently accessed data locally, which has resulted in an increase in demand around the world.

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The exponential increase in the volume of data collected within businesses is a primary driver of the cloud storage gateway market. Furthermore, by 2022, wireless and mobile device traffic is expected to account for 72 percent of overall IP traffic. Apart from that, the necessity for cloud-based storage integration with legacy systems continues to grow in numerous enterprises undergoing digital transformation. Furthermore, the global cloud storage gateway market is expected to rise as the demand for data encryption to safeguard a company's vital information grows, as well as the requirement for efficient disaster recovery and backup. Concerns regarding data security and management within the company, increased WAN speed, and growing latency in remote places are some of the market's significant limitations. However, as the adoption of cloud-based solutions in businesses grows, suppliers in the cloud storage gateway market will have a lot of chances.

The global cloud storage gateway market can be fragmented based on deployment model, product type, enterprise size, end-use industry, and region. In terms of product type, the market can be categorized into physical cloud storage gateway appliances and virtual cloud storage gateway appliances. In terms of deployment model, the market can be segregated into private cloud, public cloud, and hybrid cloud. In terms of enterprise size, the global cloud storage gateway market can be divided into large enterprises and small & medium enterprises (SMEs). In terms of end-use industry, the global cloud storage gateway market can be segmented into retail & e-commerce, IT & telecom, government, media & entertainment, education & research, health care, banking, transportation & logistics, financial services and insurance (BFSI), manufacturing, and others.

Due to the obvious high penetration of cloud-based organizations in the area, North America is predicted to account for the largest revenue share in the global market. During the projection period, the target market in Asia Pacific is expected to provide considerable potential and will have the highest CAGR. Furthermore, increased need for safe, reliable, fast, and simple accessible storage environments in various sectors in the Asia Pacific area is likely to promote growth of the target market in the region.

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There are some major players working in cloud storage gateway market, which include Amazon Web Services, Riverbed Technology, CTERA Networks Ltd, Cloud Gateway Co, Microsoft Corporation, Hewlett Packard Enterprise Development LP, NetApp Inc, Dell EMC, Broadcom Ltd, Nasuni Corporation, Panzura Inc.

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