Cloud Storage Gateway (CSG) Market To Report Impressive Growth, Revenue To Surge To US$ 7,165.41 Million By 2023
With the presence of a large pool of participants, the global cloud storage gateway (CSG) market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). EMC Corporation, Microsoft Corporation, Netapp, Ctera Networks Corporation, Amazon Web Services, Nasuni Corporation, Maldivica, Agosto, Inc., and Panzura are some of the key vendors of cloud storage gateway (CSG) across the world. These players across cloud storage gateway (CSG) market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the cloud storage gateway (CSG) market study.
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Citing an instance, on January 8, 2018, IC Realtime—an online supervising & security technologies provider—launched Ella- a cloud search engine devised for viewing or glancing through video data with the help of natural languages.
As estimated in this report, the global cloud storage gateway (CSG) market stood at US$ 1,509.41 million in 2017. Witnessing a tremendous rise during the period from 2018 to 2023, the revenue in this cloud storage gateway (CSG) market is expected to reach US$ 7,165.41 million by the end of the forecast period. The main types available in this cloud storage gateway (CSG) market are virtual cloud storage appliances and physical cloud storage appliances. Among them, the demand for is relatively higher and the trend is anticipated to remain so over the next few years notes the cloud storage gateway (CSG) market research report.
Cost Effective Data Storage On Cloud To Lead To Massive Growth Of Market
“Growing data usage resulting in encryption of a large amount of data along with the cost-effectiveness of data storage on the cloud as compared to other traditional data storage methods is likely to propel cloud storage gateway (CSG) market trends in the near future,” says the author of this study. Apart from this, the rise in the acceptance of physical and virtual cloud storage gateway appliances across myriad sectors is anticipated to drive the growth of cloud storage gateway (CSG) market in the forthcoming years. In addition, CSG systems also provide other new features including data compression for faster transfer, control of storage snapshots and run-time encryption ensuring data transmission. This, in turn, is expected to boost the growth of cloud storage gateway (CSG) market in the coming years.
Escalating demand for compliance and security pertaining to cloud storage gateways are the major hindrances towards cloud storage gateway (CSG) market expansion. Furthermore, incurrence of high initial investment costs will further lead to a decline in the cloud storage gateway (CSG) market progression.
This review is based on a report by Zion Market Research, titled “Cloud Storage Gateway (CSG) Market”- https://www.zionmarketresearch.com/report/cloud-storage-gateway-market
Large –Scale Acceptance Of Cloud Storage Systems To Aid Regional Dominance
Regionally, North America has been leading the worldwide cloud storage gateway (CSG) market and is anticipated to continue on the dominant position in the years to come, states the cloud storage gateway (CSG) market study. Massive adoption of new cloud storage technologies in countries such as U.S. and Canada is the main factor behind the dominance of the North America cloud storage gateway (CSG) market. The huge presence of vendors across North America investing tremendously in the cloud storage sector is another significant factor that is supporting the growth of this regional cloud storage gateway (CSG) market.
The global cloud storage gateway (CSG) market is segmented as follows:
- Virtual Cloud Storage Appliances
- Physical Cloud Storage Appliances
By Deployment Model
- Private Cloud
- Public Cloud
- Hybrid Cloud
- Healthcare & Life sciences
- Media and Entertainment
- Research and Education