Cloud Storage Gateway Market: Rise In The Volume of Data Generated Within Enterprises
Organizations continue to look for methods to shrink their physical data center infrastructure. In order to achieve this, they are focusing on moving tertiary or secondary workloads, including recovery operations, file retention, and backup for a long term, to cloud servers. This helps organizations get benefitted from the flexibility of cloud-based architectures and features to access. They use the data with the help of a new on-demand method, which an old data center infrastructure would not support.
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Cloud storage gateway is an important gateway service that can be deployed both on-premises or in the cloud. It plays an important role in providing a secure and seamless connection between cloud-based storage services and the on-premise infrastructure at the back end. Cloud storage gateway supports universal file storage protocols and offers low-latency data access by collecting regularly accessed data locally leading to rise in its demand globally.
A major driver of the cloud storage gateway market is exponential rise in the volume of data generated within enterprises. A per a study conducted by Cisco Systems Inc. ‘Cisco Visual Networking Index: Forecast and Trends, 2017–2022’, the global annual IP traffic is expected to reach 4.8 ZB per year (or 396 exabytes), up from 1.5 ZB per year (or 122 EB per month) in 2017. This growth is expected at a CAGR of 26% from 2017 to 2022. It can be largely attributed to the increasing number of wireless and mobile devices across the world. Also, the amount of traffic from wireless and mobile devices is likely to account for 71% of the total IP traffic by 2022.
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The global cloud storage gateway market can be categorized based on product type, deployment model, enterprise size, end-use industry, and region. Based on product type, the market can be classified into virtual cloud storage gateway appliances and physical cloud storage gateway appliances. Based on deployment model, the market can be divided into public cloud, private cloud, and hybrid cloud. In terms of enterprise size, the global cloud storage gateway market can be segmented into large enterprises and small & medium enterprises (SMEs
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