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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’’.
Sarasota, FL — (SBWIRE) — 04/26/2018 — 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.
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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.
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.
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The segmentation of Cloud Storage Gateway (CSG) market includes 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. Regional segmentation of the CSG market includes North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with further country wise bifurcation into major countries such as U.S., UK, France, Germany, China, Japan, India, and Brazil.
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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