TechNavio Says the Cloud Storage Gateway Market in the US Will Top US$1.7 Billion by 2019
January 28 2015 - 10:15AM
Business Wire
The Cloud Storage Gateway (CSG) Market in US is expected
to grow at a CAGR of 54.73 percent from 2014-2019, according to a
new report from research firm TechNavio.
The US is one of the major revenue contributors in the Global
Cloud Storage Market. Most enterprises in the US have already
adopted cloud-based services, especially as data management has
become essential for business operations.
“Cloud storage helps enterprises in the US minimize their total
IT infrastructure spending, since cloud subscription by third-party
service providers includes infrastructure costs, which are cheaper
than operating a data center,” says Faisal Ghaus, Vice President of
TechNavio.
The latest report by TechNavio emphasizes the growing need for
efficient disaster recovery and backup services as a major market
growth driver. Cloud-based storage vendors make use of CSGs, which
help monitor data traffic and ensure the safety of the data being
accessed. In case of any application failure or any interruption,
the CSG initiates a disaster recovery procedure to safeguard the
data and protect the applications from disruption.
“The ability of CSGs to safeguard the data in cloud-based
storage is driving the growth of the market in the US,” says
Ghaus.
TechNavio currently has more than 3000 market research
reports on a huge range of topics, including:
- Global Cloud Storage Gateway (CSG)
Market 2015-2019
- Cloud-based VDI market in the US
2015-2019
About TechNavio
TechNavio is a leading global technology research and advisory
company.
Founded in 2003, TechNavio has about 200 analysts globally and
develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of
bottom-up and top-down approaches, besides using in-house market
modeling tools and proprietary databases. They corroborate this
data with the data obtained from various market participants and
stakeholders across the value chain, including vendors, service
providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our
media team at media@technavio.com.
TechNavio ResearchJes EllacottUS: +1-630-333-9501UK: +44 208 123
1770Media & Marketing
Executivewww.technavio.commedia@technavio.com