Cloud Storage Gateway Market size valued USD 2242.62 million in 2021 and expected to reach USD 11,015.32 million by 2028, at a CAGR of 24.8% during the forecast period 2022-2028. Some of the key factors influencing the growth include rising need for data encryption, increasing demand for cloud storage gateway in healthcare industry, continuous upsurge in data, increasing number of wireless and mobile devices, availability for use on-demand and growing adoption of physical and virtual cloud storage gateway appliances in various industries. However, data security concerns and complexities in data handling are some major factors hindering the market growth. This report studies global cloud storage gateway market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global cloud storage gateway market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Key Market Developments:
In May 2022, Nasuni bought replicator DBM Cloud Systems to move on-premises file data to Nasuni’s cloud. Nasuni is a cloud-based file services platform provider supporting AWS, Azure, and GCP. It stores the bulk of its data in object storage.
In 2018, CTERA Networks, the global leader in secure enterprise file services, expanded its appliance product line with faster, larger, and more versatile edge filers designed to meet the needs of the modern remote and branch office (ROBO) IT environment.