Cloud Storage Gateways Market Size

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Cloud Storage Gateways Market Insights

Market Overview:

The global market for cloud storage gateways is poised to witness significant growth in the foreseeable future, driven by the increasing recognition of data as a valuable asset and the willingness of vendors to capitalize on this opportunity by offering tailored services for accessing cloud systems. Cloud storage gateways enable the seamless transfer of progressive data to cloud systems, thereby enhancing disaster control capabilities for businesses and cloud service providers. Various sectors, including BFSI (banking, financial services, and insurance), healthcare and life sciences, and research and education, are grappling with the challenges of managing large volumes of data, reaching up to one Exabyte. As a result, these sectors are expected to be major customers for cloud gateway access, as it enables cost savings that would otherwise be spent on acquiring storage systems while ensuring efficient data mobilization.

Cloud Storage Gateways Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Systems Software by segment aggregation, the contribution of the Systems Software in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Cloud Storage Gateways was estimated to be valued at US$ XX Mn in 2021.

The Cloud Storage Gateways Market is estimated to grow at a CAGR of XX% by 2028.

The Cloud Storage Gateways Market is segmented on the basis of Type, Application, Region.

Based on region, the Cloud Storage Gateways Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Cloud Storage Gateways Market are EMC, Microsoft, CTERA Networks, Emulex, F5 Networks, NetApp.

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Cloud Storage Gateways Market
Cloud Storage Gateways Market

Report ID: UCMIG45F2047

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