Global Cloud Storage Gateway Market Driven by Cost Benefits to Consumers

2024-11-01 04:54:55 News & Society

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Cloud storage gateway (CSG) systems are used for a smooth transition of data between the on-premise generation of data and its transfer to cloud servers. Thanks to the steady increase in the amount of data generated in the global IT sector, connectivity between the same and cloud servers has become crucial. The need to ensure security of the transferred data as well as the accuracy of duplication during the transfer has also boosted the growth prospects of the global cloud storage gateway market, which offers specialized services dealing with those very issues.

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Cost Benefits of Cloud Services Helping Global Cloud Storage Gateway Market

Due to the rise of the interconnected virtual world, the amount of data generated during regular IT operations has steadily increased over the past few years. This raises the need for a secure storage facility, which has been met by cloud services.

Cloud storage offers IT enterprises a way to delegate one of their most cost-intensive operations: data storage and management. The high costs of on-premise data storage have boosted the demand for cloud services. Cloud storage gateway, which safeguards the data from cyber attacks and data corruption, helps make the process more efficient.

Private-Public Partnerships in Cloud Storage Gateway Development Helping Global Market

On the basis of deployment models, cloud storage gateways are segmented into private deployment, public deployment, and hybrid CSG. Hybrid cloud, which comprises a partnership between private and public agencies, is more profitable for market players and is thus rising in prominence in the global cloud storage gateway market.

Another trend likely to dominate the competitive landscape of the cloud storage gateway market in the coming years is that of partnerships between cloud storage suppliers and data security firms, offering a comprehensive suite benefitting both the service providers as well as the consumer. A notable example of the same is the partnership between Xactly, a provider of cloud services, and Protegy, a firm specializing in data security services.

Other major players in the cloud storage gateway market, such as Amazon Web Services, Microsoft Corporation, Nasuni Corporation, EMC Corporation, Agosto, Inc., Maldivica, Emulex Corporation, CTERA Networks Ltd., and NetApp India Ltd., are likely to either form similar partnerships or develop their own 360-degree cloud data storage suites. This will help increase demand from the cloud storage gateway market, since consumers can purchase all the pertinent services in one go.

North America Leading Global Market, Cost Constraints Restrain APAC Market

Being a global hub for technological advancement, North America leads the global cloud storage gateway market. The prominence of the IT sector in the U.S. is a prime cause for its dominant share in the global market, as is the ease of incorporating advanced technological solutions into the existing frameworks.

On the other hand, the Asia Pacific market for cloud storage gateway systems is held back by the lack of awareness of the benefits of cloud storage gateway. Small and medium businesses, in particular, are unaware of the benefits of utilizing a unified cloud storage suite, and are thus reluctant to invest relatively high sums in the technology. However, the rising IT sectors in countries such as India, China, Japan, and South Korea are expected to help the Asia Pacific cloud storage gateway market grow at a steady rate in the coming years.

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