- Virtual Cloud Storage Gateway Appliances
- Physical Cloud Storage Gateway Appliances
Cloud Storage Gateway Market size was valued at USD 2242.62 million in 2022 and is expected to reach USD 11,015.32 million by 2029, at a CAGR of 24.8% from 2023-2029. Some of the key factors influencing the growth include rising need for data encryption, increasing demand for cloud storage gateway in healthcare industry, continuous upsurge in data, increasing number of wireless and mobile devices, availability for use on-demand and growing adoption of physical and virtual cloud storage gateway appliances in various industries. However, data security concerns and complexities in data handling are some major factors hindering the market growth. This report studies global cloud storage gateway market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global cloud storage gateway market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Fastest Growing Market
Cloud Storage Gateway allows to rapidly and securely ingest backup, video surveillance or healthcare data from on premises and move it to any cloud in a fast, secure, and auditable manner for backup or archival needs. Cloud Storage Gateway acts like a cloud converged storage platform enabling to cache and store data on premise optionally for a few days before moving it to the cloud for long term retention and guardianship. Once the data is in the cloud, data in fact is so secure, its impossible for any hacker to get access to data or make any meaning of it, one can always be assured that data is always intact. Cloud Storage Gateway works with leading backup software providers, video surveillance systems and health care platforms.
The cloud storage gateway market is projected to expand at a CAGR of 5.7% during the forecast period
Amazon Web Services, Riverbed Technology, CTERA Networks Ltd, Cloud Gateway Co, Microsoft Corporation
Asia-Pacific is the fastest-growing region for the cloud storage gateway market