Cloud storage gateway: Key market research findings
- The Americas dominate the market geographically
- Large enterprises account for a majority of the market’s revenue
- Key vendors – Amazon Web Service, CTERA Networks, EMC, Emulex, Microsoft, and NetApp
Technavio’s market research analysts predict the global cloud storage gateway market to surpass $3 billion by 2020. The growth of the market is augmented by the increase in data storage across enterprises. Enterprises require past and present data to predict their business future. Cloud-based storage service providers are implementing off-cloud replication of data to ensure the security of enterprise content. During 2015, the Americas accounted for around 51% of the overall market share to become the dominant shareholder in the global market. Innovations in product lines by the addition of new features by many physical appliance vendors in the region will fuel the growth of the cloud storage gateway market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the cloud storage gateway segments based on the end-user.
“The increasing use of cloud storage for a wide array of functionalities is fueling growth in the global market for cloud storage gateways. Cloud-based storage is an effective method of storing and accessing data for both personal and commercial usage. Before the era of cloud computing, enterprises used to store their data on-premise, and in the case of a few enterprises, this trend still prevails despite on-premise data storage being more expensive than cloud-based storage. The increasing preference for archiving data on the cloud can be accredited to the reduction of the cost of on-premise storage infrastructure,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
During 2015, the large enterprises segment accounted for around 70% of the overall market revenue to become the primary revenue generating vertical in the global cloud storage gateway market. The adoption of cloud storage gateways in large enterprises brings about increased storage and a significant reduction in IT expenses and cost of storage. Almost 80%-85% of the large enterprise are involved in the adoption of virtual gateway appliances namely, from cloud service providers. Many organizations operating their cloud platform are also adopting data storage on popular cloud platforms such as Amazon Web Services, Google, and Microsoft.
The key vendors in the market include Amazon Web Service, CTERA Networks, EMC, Emulex, Microsoft, and NetApp. The global storage gateway market is witnessing the entry of vendors that provide solutions to suit the storage needs of enterprises. Due to the increased consolidation of enterprise infrastructure and the increasing number of end-users accessing cloud storage services, there is a need to manage cloud-based storage from a centralized location.
A more detailed analysis is available in the Technavio report, Global Cloud Storage Gateway Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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