London, 27 April 2015 –The cloud storage gateway (CSG) market in Europe is expected to grow at a CAGR of 74.04% from 2015-2019, says research firm Technavio.
About the Report
The adoption of cloud-based storage is increasing in Europe as a result of the growing importance of data for business decision making. Storing data in the cloud is a cost-effective alternative to on-premises storage. Additionally, the IoT has helped generate huge chunks of structured and unstructured data.
“Many data centers are being constructed by global cloud service providers to offer reliable services to the growing European market. Cloud storage gateways are a cheaper option for organizations and play a vital role in transferring data from on-premises storage to the cloud,” says Faisal Ghaus, Vice President of Technavio.
The latest market research report by Technavio also emphasizes the growing amount of data that has given rise to the need for analytics software for converting meaningless data into meaningful information for business decision making purposes.
Market Scope and Calculation of Market Size
This report covers the present scenario and growth prospects of the CSG market in Europe from 2015-2019. To calculate the market size the report considers the revenue generated from the adoption of CSG hybrid appliances across several countries in Europe.
Key Information Covered in the Report:
Key Vendors:
- Amazon Web Services (AWS)
- CTERA Networks Ltd.
- EMC Corp.
- Emulex Corp.
- Microsoft Inc.
- NetApp Inc.
Market Growth Drivers:
- Increase in adoption of cloud-based services
- For a full detailed list, view our report.
Market Challenges:
- Growing data security concerns
- For a full detailed list, view our report.
Market Trends:
- Data analytics
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
