About Cloud Storage Gateway
Cloud storage gateways are hybrid appliances that combine local storage, data protection functionality, and cloud storage to form a collaborative, cost-effective package. A storage gateway ensures compatibility between different protocols used by cloud service providers and enterprises. In addition, it provides seamless connectivity between a local system and a cloud storage. Storage gateways are necessary to ensure that the data stored in the cloud storage infrastructure are optimized according to established standards. They also facilitate efficient management of traffic and storage space across a network.
Technavio’s analysts forecast the global cloud storage gateway market to grow at a CAGR of 41.05% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud storage gateway market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales and services of cloud storage gateway physical appliances, adoption of virtual storage gateway appliances by enterprises, and NAS products which have feature of cloud storage gateways.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud Storage Gateway Market 2016-2020
Technavio recognizes the following companies as the key players in the global cloud storage gateway market: Amazon Web Service, CTERA Networks, EMC, Emulex, Emulex, NetApp,
Other Prominent Vendors in the market are: Agosto, Maldivica, and Nasuni.
Commenting on the report, an analyst from Technavio’s team said: “Efficient disaster recovery and backup will be a key trend for market growth. The adoption of cloud-based storage services by enterprises is growing worldwide. Enterprises are also using cloud environments to host both applications and data, where gateway virtual appliances play a vital role in ensuring business continuity during disasters. Backup of data from local storage to cloud storage is also made simple and cost-effective using storage gateway appliances. In the recent years, the capabilities of storage gateway appliances have evolved from data duplication and compression, to snapshots and version control.”
According to the report, one of the key drivers for market growth will be increasing need to archive data. The demand for data archiving facilities drives the growth of the market; this is primarily because of growing competitiveness in the business arena. Enterprises look to public cloud storage mediums to provide the most effective means of storing business data. Cloud-based storage is reliable and cost-effective. Storage appliances are being embedded with several features that aid in the effective archival and retrieval of data.
Further, the report states that data security concerns will be a challenge for the market. The increase in number and complexity of security risks associated with cloud-based storage is leading to an increase in number of security measures being incorporated into a business data transmission process. The security required for storing data in public, private, or hybrid cloud models differ. The data to be transmitted and stored in these deployment models are compressed using data encryption and other compression techniques, and the storage gateway administrators manage retrieval of the data. Increased threat to data security in the form of data breaches, data loss, and denial of service (DoS) could lead to a reduction in the adoption of cloud-based storage services and negatively affect the adoption of storage gateway.
Amazon Web Service, CTERA Networks, EMC, Emulex, Emulex, NetApp, Agosto, Maldivica, Nasuni.