[138 Pages Report] The cloud storage market is estimated to grow from USD $909.2 Million in 2015 to USD $3579.2 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 31.5% from 2015 to 2020.

Major growth drivers of the cloud storage gateway market includes continuous rise in data, need to integrate cloud storage with legacy/local object storage, and rising need for data encryption.

Objective of the Study:

The main objective of this report is to define, describe, and forecast the global cloud storage gateway market on the basis of type, deployment models, organization size, verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). The report aims to strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, Mergers and Acquisitions (M&A), new product developments, and Research & Development (R&D) activities in the cloud storage gateway market.

The research methodology used to estimate and forecast the market begins with capturing data on key vendors� revenues through secondary research sources, such as companies� websites, Factiva, and Hoovers, among others. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global cloud storage gateway market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary interviews is depicted in the below figure:

To know about the assumptions considered for the study, download the pdf brochure

The cloud storage gateway ecosystem comprises vendors, such as Agosto (U.S.), Amazon Web Services (U.S.), CTERA Network Corporation (New York), EMC Corporation (U.S.), Emulex Corporation (U.S.), Hewlett-Packard (U.S.), Maldivica Inc. (U.S.), Microsoft Corporation (U.S.), Nasuni (U.S.), NetApp (U.S.). Major stakeholders of the cloud storage gateway market include cloud storage gateway, storage gateway vendors, storage software and hardware vendors, data security providers, support and maintenance service providers, managed service providers and investors.

The target audiences of the cloud storage gateway market report are given below:

Independent software vendors

Cloud service providers

Application design and software developers

System integrators

IT service providers

�Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.�

Scope of the Report

The research report categorizes the cloud storage gateway market to forecast the revenues and analyze the trends in each of the following subsegments:

By Type

Virtual Cloud Storage Gateway Appliances

Physical Cloud Storage Gateway

By Deployment Model

Public Cloud

Private Cloud

Hybrid Cloud

By Organization Size

SMBs

Large Enterprises

By Vertical

Banking, Financial Services, and Insurance (BFSI)

Manufacturing

Healthcare and Life Sciences

Retail and Consumer Goods

Research and Education

High Tech and Electronics

Media and Entertainment

Others

By Region

North America

Europe

Middle East and Africa (MEA)

Asia-Pacific (APAC)

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

Further breakdown of the North American cloud storage gateway market

Further breakdown of the European market

Further breakdown of the APAC market

Further breakdown of the MEA market

Further breakdown of the Latin American market

Company Information

Detailed analysis and profiling of additional market players

The cloud storage gateway market is estimated to grow from USD $909.2 Million in 2015 to USD $3579.2 Million by 2020, at a high Compound Annual Growth Rate (CAGR) of 31.5% during the forecast period. The cloud storage gateway appliances are gaining traction among the users due to continuous rise in data, need to integrate cloud storage with legacy/local object storage, and rising need for data encryption. Hence, the adoption of cloud storage gateway appliances (Physical and Virtual) in various industries is increasing, which is one of the factors driving this market.

The report provides detailed insights into the global cloud storage gateway market, which is segmented on the basis of type, deployment models, organization size, verticals, and regions. In type segment, the physical cloud storage gateway segment holds a higher market share and is gaining significant importance among corporates and enterprises because of the fact that major vendors such as AWS offer cloud-based storage that works with the Representational State Transfer (REST) architecture or with the web protocols such as Simple Object Access Protocol (SOAP). However, local applications expect storage resources with a block-based interface such as the Internet Small Computer System Interface (iSCSI) or with a file-based interface such as the Network File System (NFS) or the Common Internet File System (CIFS). To streamline this incompatibility and to integrate the cloud storage with the legacy systems seamlessly, the cloud storage gateways are utilized as a bridge.

In terms of deployment model, public cloud is expected to dominate the cloud storage gateway market and is expected to contribute the largest market share, whereas hybrid cloud deployment model is expected to grow at the highest rate during the forecast period. In 2015, the public cloud has shown huge adoption compared to private cloud and hybrid cloud deployment model. The public cloud deployment model for cloud-based solution is considered as a standardized, simple, and efficient model which is utilized by business organizations working in and across a number of industries including Banking, Financial Services, and Insurance (BFSI), retail and consumer goods, healthcare and life sciences, manufacturing, high tech and electronics, media and entertainment, and research and education for high end storage and computing applications. The BFSI industry has been estimated to have the highest market share among all the verticals due to the growing requirements to securely manage and recover data stored on cloud. The research and education industry is poised to grow at the highest rate during the forecast period owing to improved process where the cloud storage gateways are deployed in educational institutes to provide smooth access to the files shared and stored in cloud.

The report covers all the major aspects of the cloud storage gateway market and provides an in-depth analysis across the regions comprising North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR during the forecast period. In APAC region, numerous business organizations operating in and across various industries are looking for a highly secure, reliable, quick, and smoothly accessible storage environment. Thus, the adoption rate of cloud-based storage solutions is growing rapidly which is also driving the cloud storage gateway market in the APAC region.

Data security concerns and low WAN speed & latency in remote areas are acting as the restraining factors for the cloud storage gateway market. Business organizations are deploying cloud storage solutions for better overall connectivity, scalability, and agility. However, they are still concerned about the security aspect of the information as the transmission of data to the cloud is prone to security breaches and subsequent replication.

Most of the vendors have adopted new product developments as their key strategy to innovate in this market. For instance, in March 2015, Amazon announced the launch of Amazon cloud drive to provide the unlimited cloud storage to the customers. Partnerships and collaborations have also been adopted by top players to enhance client base and customer experience. For example, in March 2013, CTERA Networks collaborated with Telefonica, the world�s largest telecommunication provider. This collaboration helped Telefonica to increase its customer base.

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