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Technavio’s market research analyst anticipates the global cloud storage gateway (CSG) market to grow at a profound CAGR of approximately 41% during the forecast period. The growing demand for cloud-based storage and the recent increase in enterprise data will aid in the growth of this market. Recently, it has been observed that many enterprises are struggling to handle the data generated by the augmented use of mobile technologies. Consequently, many enterprises are backing up their vital data in the cloud due to its cost effectiveness. The ability of CSG to facilitate the transfer of data from on-premise platforms to a cloud-based storage platform will result in its augmented adoption during the predicted period.
Recent product innovations are expected to boost market growth during the forecast period. During the forecast period, it has been observed that many vendors are constantly innovating in packaging and formulations, and are even inventing new ways to increase the consumption of their products. Cloud service providers such as Amazon and Microsoft offer virtual gateway appliances for enterprises adopting their cloud storage platforms. Also, modern storage arrays are also being equipped with gateway support features to facilitate the transfer data to the cloud. The advent of new and improved gateway support features will help this market to gain significant traction during the estimated period.
In this market study, analysts have estimated the Americas to be the largest market for CSG during the forecast period. This region currently dominates the global CSG market and accounts for a market share of around 52%. It is expected that the adoption of storage gateway appliances will be more among SMEs as many large enterprises have already started using gateway solutions to transfer their data to the cloud. The enterprises’ growing preference for physical or virtual appliances that are equipped with advanced security features will result in the growth of this market in the Americas until the end of 2020.
The global CSG market is highly fragmented due to the presence of numerous small and large vendors. The providers in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion. The high level of vendor competition in this market has led an increased number of mergers and acquisitions, wherein smaller entities are being acquired by, or are being merged with, major players.
Leading vendors in the market are -
Other prominent vendors in the market are Agosto, Maldivica, and Nasuni.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-users
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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