Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.27 Billion | USD 31.41 Billion | 28.60% | 2023 |
The global Cloud Storage Gateway (CSG) Market size was worth around USD 3.27 Billion in 2023 and is predicted to grow to around USD 31.41 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 28.60% between 2024 and 2032.
The report covers forecast and analysis for the Cloud Storage Gateway (CSG) market on a global and regional level. The study provides historic data of 2018 -2023 along with a forecast from 2023 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the Cloud Storage Gateway (CSG) market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cloud storage gateway market on a global level.
A Cloud Storage Gateway (CSG) is a software or hardware networking device that offers connectivity services between a cloud storage service provider and local customer application. Cloud storage gateway serves as a bridge between local applications and remote cloud-based storage. CSG is designed in such a way that it provides interoperability between different data protocols used in client/server cloud architecture. It offers basic protocol translation and connectivity to allow the incompatible technologies to communicate transparently. Various CSG products provide additional storage features such as backup and recovery, data duplication, encryption and compression capabilities in order to use available bandwidth efficiently and move data as quickly as possible. As there is an incompatibility between the protocols used for public cloud technologies and conventional storage systems the need to integrate CSG across industries for seamless operation of processes has increased.
The global rise in adoption of cloud storage gateway systems can be attributed to the continuous rise in the use of data. Storing data on the cloud is cost saving as compared to on-premise storage which has fueled the growth of CSG market. The need to deal with encryption, backup, and recovery related to the huge amount of unstructured data creates problems for storage and management of data which is generated on a daily basis in large businesses. All these factors account for driving cloud storage gateway market. Factors related to data security are acting as the restraining factors for CSG market as the transmission of data to the cloud is prone to security breaches and data replication. Various vendors are focusing on acquisitions and collaborations with other cloud based service providers to expand their customer base globally. For instance, EMC Corporation acquires Maginatics, one of the major vendors in the global CSG market.
This report offers comprehensive coverage on global Cloud Storage Gateway (CSG) market along with, market trends, drivers, and restraints of the cloud storage gateway market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the cloud storage gateway market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view on the cloud storage gateway market by segmenting the market based on type, deployment model, verticals, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By type segment, market is segmented into virtual cloud storage appliances and physical cloud storage appliances.
By deployment model, market is further divided into a private cloud, public cloud, and hybrid cloud.
Based on verticals segment, the market is further divided into manufacturing, healthcare & life sciences, media and entertainment, BFSI, retail, research and education, and others.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with further country wise bifurcation include U.S., UK, France, Germany, China, Japan, India, and Brazil.
Report Attributes | Report Details |
---|---|
Report Name | Cloud Storage Gateway (CSG) Market Size Report |
Market Size in 2023 | USD 3.27 Billion |
Market Forecast in 2032 | USD 31.41 Billion |
Growth Rate | CAGR of 28.60% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | EMC Corporation, Microsoft Corporation, Netapp, Ctera Networks Corporation, Amazon Web Services, Nasuni Corporation, Xactly Corporation, Maldivica, Agosto, Inc., and Panzura among others. |
Segments Covered | By Type, By Deployment Model and By region |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the major players operating in the Cloud Storage Gateway (CSG) Market are:
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global cloud storage gateway market are -
The report segments the global cloud storage gateway market as follows:
Cloud Storage Gateway (CSG) Market: Type Segment Analysis
Cloud Storage Gateway (CSG) Market: Deployment Model Segment Analysis
Cloud Storage Gateway (CSG) Market: Verticals Segment Analysis
Cloud Storage Gateway (CSG) Market: Regional Segment Analysis
FrequentlyAsked Questions
The global Cloud Storage Gateway (CSG) Market size was worth around USD 3.27 Billion in 2023 and is predicted to grow to around USD 31.41 Billion by 2032
compound annual growth rate (CAGR) of roughly 28.60% between 2024 and 2032.
The largest share of the Cloud Storage Gateway (CSG) Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
EMC Corporation, Microsoft Corporation, Netapp, Ctera Networks Corporation, Amazon Web Services, Nasuni Corporation, Xactly Corporation, Maldivica, Agosto, Inc., and Panzura among others.
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