Albany, NY -- (SBWIRE) -- 10/18/2016 -- The report titled "Global Cloud Storage Gateway Market 2016-2020" offers a comprehensive overview of the market and explains the hybrid appliances created by combining cloud storage, local storage, and data protection functionality.
Cloud storage gateways are cost-effective means of storing data. They also facilitate compatibility between different protocols used by cloud service providers and enterprises to ensure seamless connectivity between a cloud storage and a local system. All of these features are aimed at providing an efficient solution for managing traffic and storage space across a network.
The report analyzes the current landscape of the cloud storage gateway market based on various parameters. Analysts state that with the excessive generation of data, users are increasingly feeling the need to archive it. This has encouraged the uptake of cloud storage getaways as they offer several advantages and come with easy archival and retrieval portals.
But, on account of a fear psychosis generated by frequent data breaches on the cloud platform, many companies may hesitate to adopt cloud storage gateways. That aside, the complicacies of transferring data to a different platform may also deter takers to some extent.
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The report also includes growth statistics of the market. It details the current vendors and their product offerings. Some of the major players in the industry listed in the report are Microsoft, Emulex, Netapp, Amazon Web Service, EMC, and CTERA Networks. It mentions their products, revenue clocked in recent years and outreach into various markets. Other vendors that find a mention in the report are Maldivica, Nasun, and Agosto.
Based on the current market size, trends and various players – all of which have been presented after an exhaustive study – the report forecasts future trends and growth prospects of the industry. It states that the market for global cloud storage gateway is poised to grow at an eye-popping CAGR of 41.05 percent in the period between 2016 and 2020.
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The report segments the cloud storage gateway market on different parameters, namely end users, geography, and big ticket companies, and their presence in different geographic zones. It further segments the market by geography: Americas; Europe, the Middle East and
Africa (EMEA); and Asia Pacific (APAC).
Porter's five forces analysis, which includes a study of substitute products or services, established rivals, new entrants; bargaining power of suppliers and the bargaining power of customers, has been leveraged to understand opportunities, threats and competition in the market. There is a comparative analysis of key vendors strengths and weaknesses based on their performance, products and pricing. A team of industry experts have been employed to put together the report, which presents a 360-degree view of the global cloud storage gateway market after thorough analysis.
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