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Cloud Storage Gateway Market Size (2024 - 2029)

The Cloud Storage Gateway Market is poised for substantial growth, driven by the increasing adoption of cloud technologies and the rising demand for IoT solutions. As enterprises transition to cloud environments, the need for efficient data management and secure communication between edge devices and cloud applications becomes critical. This trend is further supported by the telecom sector's reliance on gateways to handle the additional messaging generated by IoT, ensuring low latency and security. Despite challenges such as data security and building trust between providers and clients, the market is expected to expand significantly as organizations continue to embrace digitalization and remote working solutions.

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Market Size of Cloud Storage Gateway Industry

Cloud Storage Gateway Market Summary
Study Period 2019-2029
Market Size (2024) USD 6.27 Billion
Market Size (2029) USD 18 Billion
CAGR (2024 - 2029) 23.47 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Cloud Storage Gateway Market Major Players

*Disclaimer: Major Players sorted in no particular order

Cloud Storage Gateway Market Analysis

The Cloud Storage Gateway Market size is estimated at USD 6.27 billion in 2024, and is expected to reach USD 18 billion by 2029, growing at a CAGR of 23.47% during the forecast period (2024-2029).

The Internet of Things (IoT) Gateway market is experiencing significant growth, driven by the surging demand for IoT due to the billions of devices connecting to smart networks. IoT gateways are critical components in IoT product and service deployments, helping enterprises securely connect their sensors, devices, and applications across cloud networks and manage them remotely. By adopting a gateway, companies can reduce the effort they spend on enabling the communication channel between edge devices and cloud apps.

  • The importance of storage gateways is also evident in the telecom sector. The IoT generates additional messaging on telecommunication networks, requiring gateways to aggregate the messages and ensure low latency and security. For example, in March 2022, Ericsson launched the Local Packet Gateway, which enables communication service providers (CSPs) to enable new 5G edge use cases, manage user data traffic on the premises, and simplify lifecycle management in the operations phase. This will benefit CSPs by lowering the cost of infrastructure deployments in the project phase.
  • According to a report by McKinsey, large enterprises are rapidly turning towards cloud technologies and are willing to switch 60% of their environment to the cloud by 2025. The cloud computing market is expected to surpass 1 trillion USD by 2028. This accelerating adoption of cloud services will create high demand for Cloud Storage Gateway Market.
  • However, safeguarding data from online intrusion is a significant challenge for Cloud Gateway providers. Trust needs to be built between gateway providers and their clients when transferring files between on-premises and cloud-based systems using a centralized Secure File Transfer solution.
  • The COVID-19 pandemic highlighted the need for digitalization, and many organizations turned to cloud adoption for remote working and data storage. Amazon Web Services and Microsoft Azure became popular choices for many businesses. As organizations rebound and climb out of the crisis, the adoption of cloud technologies is expected to continue growing.

Cloud Storage Gateway Industry Segmentation

The hardware or software networking device that provides connectivity between local applications and remote cloud-based storage is known as Cloud Storage Gateway. It facilitates seamless data transfer and retrieval between remote cloud storage servers and run-time encryption, which ensures secure data transmission. The steep growth of data and increasing requirements for data recovery and backup enable the deployment of a hybrid cloud storage infrastructure. Cloud gateways, such as the AWS Storage Gateway, can be used as off-site extensions of the on-premises storage pool.

The cloud storage gateway market is segmented into deployment (public cloud, private cloud, and hybrid cloud), organization size (SME and large enterprises), end-user industry (retail, healthcare, manufacturing, media & entertainment, government, education, other end-user industries), and geography (North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.

By Deployment
Private Cloud
Public Cloud
Hybrid Cloud
By Organization Size
SME
Large Enterprises
By End-user Industry
Retail
Healthcare
Manufacturing
Media & Entertainment
Government
Education
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of the Europe
Asia Pacific
China
Japan
India
Rest of the Asia Pacific
Latin America
Middle East and Africa
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Cloud Storage Gateway Market Size Summary

The Cloud Storage Gateway Market is poised for substantial growth, driven by the increasing adoption of cloud technologies across various sectors. As organizations continue to digitize and generate vast amounts of data, the demand for efficient and secure storage solutions is rising. Cloud storage gateways play a crucial role in facilitating seamless communication between on-premises systems and cloud storage, offering features like data compression for faster transfer rates. The market is characterized by intense competition, with major players such as Amazon Web Services, Microsoft, and Oracle Corporation investing heavily in innovative technologies to enhance their offerings. These advancements are not only aimed at improving data storage capabilities but also at providing robust security measures to protect sensitive information during transmission.

The proliferation of Internet of Things (IoT) devices and the subsequent need for secure and efficient data management solutions are further propelling the market's expansion. IoT gateways are essential for connecting and managing devices across cloud networks, particularly in sectors like telecommunications, where they help aggregate messages and ensure low latency. The healthcare industry is also a significant contributor to market growth, with organizations increasingly leveraging cloud technology for data storage and access. Initiatives like Singapore's partnership with Google Cloud and Accenture highlight the trend towards digital-first healthcare solutions. Additionally, government investments in digital healthcare transformation and the development of industry-specific cloud solutions are expected to drive further adoption of cloud storage gateways, positioning them as vital components in the evolving digital landscape.

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Cloud Storage Gateway Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of COVID-19 impact on the industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Deployment

      1. 2.1.1 Private Cloud

      2. 2.1.2 Public Cloud

      3. 2.1.3 Hybrid Cloud

    2. 2.2 By Organization Size

      1. 2.2.1 SME

      2. 2.2.2 Large Enterprises

    3. 2.3 By End-user Industry

      1. 2.3.1 Retail

      2. 2.3.2 Healthcare

      3. 2.3.3 Manufacturing

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Government

      6. 2.3.6 Education

      7. 2.3.7 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of the Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Rest of the Asia Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

Cloud Storage Gateway Market Size FAQs

The Cloud Storage Gateway Market size is expected to reach USD 6.27 billion in 2024 and grow at a CAGR of 23.47% to reach USD 18 billion by 2029.

In 2024, the Cloud Storage Gateway Market size is expected to reach USD 6.27 billion.

Cloud Storage Gateway Market Report Snapshots

Cloud Storage Gateway Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)