Cloud Storage Gateway Market Overview:
A cloud storage gateway is an integrated hardware and software storage service and solution package deployed at client or end user that enable smooth connection and communication in between incompatible technologies. It acts as a bridge in between two systems and protect loss of data during transfer or sharing.
Cloud Storage Gateway Market Dynamics:
Increasing data silos in various business sectors across the globe is a key factor expected to drive growth of the global cloud storage gateway market over 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 Cloud Storage Gateway Market.
In addition, 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 expected to burgeon growth of the target market. Moreover, rising demand for advanced disaster recovery and backup products and solutions in various organizations is expected to support growth of the global cloud storage gateway market in the near future.
The Cloud Storage Gateway Market is segmented on the Basis of Product Type, Application and regions. On the basis of Product Type, the global market is segmented into Physical Cloud Storage Gateway, Virtual Cloud Storage Gateway. The Physical Cloud Storage Gateway segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of Application, the global market is segmented into Government and Utilities, Transportation and Retail, Healthcare and Education, IT and Telecommunications, Media &, Communication Services, Banking, Financial Services and Insurance (BFSI), Others (Food & Beverages, Oil & Gas, and Real Estate). The Healthcare and Education segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Microsoft Corporation, EMC Corporation, Amazon Web Services, Inc., Xactly Corporation, Nasuni Corporation, CTERA Networks Ltd., Emulex Corporations, NetApp India Limited, SoftNAS, Inc., Agosto, Inc.
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