London, 27 January 2015 – The Cloud Storage Gateway (CSG) Market in US is expected to grow at a CAGR of 54.73 percent from 2014-2019, according to a new report from research firm TechNavio.
The US is one of the major revenue contributors in the Global Cloud Storage Market. Most enterprises in the US have already adopted cloud-based services, especially as data management has become essential for business operations.
“Cloud storage helps enterprises in the US minimize their total IT infrastructure spending, since cloud subscription by third-party service providers includes infrastructure costs, which are cheaper than operating a data center,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the growing need for efficient disaster recovery and backup services as a major market growth driver. Cloud-based storage vendors make use of CSGs, which help monitor data traffic and ensure the safety of the data being accessed. In case of any application failure or any interruption, the CSG initiates a disaster recovery procedure to safeguard the data and protect the applications from disruption.
“The ability of CSGs to safeguard the data in cloud-based storage is driving the growth of the market in the US,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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