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Global Cloud Storage Gateway (CSG) Market Will Reach USD 7,165.41 Million by 2023: Zion Market Research

According to the report, global Cloud Storage Gateway (CSG) Market was valued at around 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.

/EIN News/ -- New York, NY, April 23, 2018 (GLOBE NEWSWIRE) -- Zion Market Research  has published a new report titled “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’’. According to the report, global Cloud Storage Gateway (CSG) Market was valued at around 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.

Cloud storage gateway offers a systematic solution for establishing compatibility between different protocols used by cloud service providers and enterprises applications. The CSG appliances provide an easy and cost-effective way to get the customers data into the cloud. Cloud Storage Gateway (CSG) is a hybrid networking appliance that provides 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. Cloud storage gateway services are available to the customers through physical and virtual storage appliances. CSG appliances also offer storage features such as backup and recovery, data duplication, encryption and compression capabilities to use available bandwidth efficiently.

Browse through 42 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "Global Cloud Storage Gateway Market: By Type, Size, Share, Technology, Segments, and Forecast, 2017-2023”.

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The continuous rise in demand for cloud storage gateway systems is due to rise in need for data encryption, and use of data. The adoption of physical and virtual cloud storage gateway appliances in various industries is increasing, which is acting as one of the factors driving CSG market. The CSG systems also offer other additional features such as data compression for faster transfer, control of storage snapshots and run-time encryption, which ensures secure data transmission. All the above factors are fueling the growth of cloud storage gateway market globally. The demand for compliance and security pertaining to cloud storage gateways is the major factor hindering the growth of cloud storage gateway market. The high initial cost of investment is also one of the major factors restraining the CSG market.

The United States and Canada hold largest market share in terms of revenue due to increasing adoption of new technologies and innovations in cloud storage systems. In U.S. various companies and business firms are practicing an efficient and secure process when it comes to cloud data storage. As cloud storage helps US enterprises to minimize their total IT infrastructure spending; CSG integrates the seamless operation of business processes. Because of the presence of a large number of vendors which are investing tremendously in this sector, North America managed to hold the largest share of the market. For instance, CTERA scales up and virtualizes its cloud storage gateway portfolio to modernize distributed and converged IT infrastructure. Due to the presence of a notable number of internet users, and cloud storage gateway market in Europe is expected to have a significant share in the global market.

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Due to increasing adoption of cloud infrastructure, Asia Pacific region is expected to follow North America in cloud storage gateways market. More number of small and medium enterprises operating in the Asia Pacific is the reason behind the increase in cloud-based infrastructure systems. Especially in India, Japan and China there is a number of IT, Telecom, and manufacturing companies which are looking for smooth accessible storage environment, thus expected to drive the growth of CSG market in APAC. Nowadays companies want to run their business on cloud infrastructure, which is more efficient, fast, reliable and flexible to adapt as compared to conventional storage systems. This region is expected to register highest CAGR growth for the next five years.

Latin America, Middle East, and Africa are likely to have moderate growth for cloud storage gateways market during the estimated forecast period. Shifting technological preferences in SME’s coupled with increasing demand for Cloud-based storage systems is expected to fuel the cloud storage gateways market within the forecast period. Cloud Storage Gateway (CSG) market is segmented into type, deployment model and verticals. The type segment is divided into virtual cloud storage appliances and physical cloud storage appliances. CSG is available in three deployment models such as private, public and hybrid cloud. The verticals segment is further bifurcated into manufacturing, healthcare & life sciences, media and entertainment, BFSI, retail, research and education, and others.

Browse the full “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” report at   https://www.zionmarketresearch.com/market-analysis/cloud-storage-gateway-market

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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The report segments global cloud storage gateway market as follows:

Cloud Storage Gateway (CSG) Market: Type Segment Analysis

  • Virtual Cloud Storage Appliances
  • Physical Cloud Storage Appliances

Cloud Storage Gateway (CSG) Market: Deployment Model Segment Analysis

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

Cloud Storage Gateway (CSG) Market: Verticals Segment Analysis

  • Manufacturing
  • Healthcare & Life sciences
  • Media and Entertainment
  • BFSI
  • Retail
  • Research and Education
  • Others

Cloud Storage Gateway (CSG) Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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