London, 12 December 2014 – TechNavio, a tech-focused research firm, has published a new report on the Global Cloud Storage Gateway (CSG) Market, which is expected to grow at a CAGR of 64.3 percent from 2015-2019.
Efficient IT management has become a growing concern for network administrators, as the volume of data stored in the cloud continues to increase. This has augmented demand for cloud storage gateways, also known as CSGs.
“Enterprises are increasingly turning to virtualization, and CSGs are being used to host the virtualized layer as an intermediary between enterprise applications and actual storage mediums,” says Faisal Ghaus, Vice President of TechNavio.
Expenditure on cloud storage infrastructure and services is another major concern among organizations. However, the cost of cloud-based storage service provisioning can be reduced considerably through the adoption of CSGs.
Typically, commercial data requires more storage space, and this has led to an increasing number of end-users accessing cloud storage services. As the Global Cloud Storage Market is expected to boom to nearly US$60 billion through the projected period, the cloud storage gateway segment is also expected to see similarly aggressive growth rates.
TechNavio currently has more than 3000 market research reports on a vast range of topics, including:
- Global Public and Private Cloud Storage Market 2015-2019
- Global Automotive Automatic Transmission Market 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
