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

Global Cloud Storage Gateways Market is Segmented by Deployment (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (SME and Large Enterprises), End-user Industry (Retail, Healthcare, Manufacturing, Media & Entertainment, Government, Education, and Other End User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) The market sizes and forecasts are provided in terms of value (USD million).

Cloud Storage Gateway Market Size

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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

Major Players

Cloud Storage Gateway Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 Market Trends

Healthcare End-user Industry Segment is Expected to Hold Significant Market Share

  • In today's digital age, many healthcare organizations leverage cloud technology to store and access data efficiently. However, not all data is created equal; some require more robust security measures than others. For example, while inventory records may be suitable for public cloud storage, patient data demands a hybrid solution that provides greater security, agility, cost-efficiency, and scalability.
  • In February 2023, Integrated Health Information Systems, Singapore's national healthcare technology agency, partnered with Google Cloud and Accenture to promote the development of data-driven applications to offer high-quality and digital-first healthcare experiences. Accenture is assisting in deploying Apigee, Google Cloud's API management platform, which would provide third-party developers access to data and services across iHiS's managed systems to create applications and capabilities. 
  • Governments worldwide are investing heavily in the healthcare industry to transform it into digital platforms with AI capabilities. For example, the Indian Government is promoting initiatives like the Ayushman Bharat Digital Mission. At the same time, 80% of healthcare systems globally are expected to invest more in digital healthcare tools over the next five years.
  • Cloud computing companies are developing various platforms tailored to individual client requirements. One such option is industry clouds, which offer healthcare organizations an opportunity to streamline their business processes and stay abreast of the changing digital landscape. Industry clouds serve as business accelerators and not just computing and data storage solutions.
  • In June 2023, Hitachi Vantara, the modern infrastructure, data management, and digital solutions subsidiary of Hitachi, Ltd., announced a partnership agreement with Cisco. The deals offer Hitachi Vantara into Solution Technology Integrator (STI) and Cisco’s Service Provider partner programs, allowing Hitachi Vantara to integrate Cisco technologies with its storage offerings and position the company as one of the leading data center infrastructure and hybrid cloud-managed services provider.
Cloud Storage Gateway Market: Investor funding in digital health industry, globally, in billion USD from 2018 to 2022

Asia Pacific Expected to Witness Significant Growth in the Market

  • APAC significantly contributes to the world's cloud data center market, accounting for nearly 37% of it. To expand onshore capacity in emerging markets such as Malaysia, Thailand, and Vietnam, targeted investments are being made. In China, 92% of infrastructure decision-makers report that their businesses utilize cloud solutions, and these companies are planning to shift their operations to the cloud, with a target of reaching 63% within the next two years.
  • According to a report released by Alibaba, cloud spending is most prevalent in Thailand, with a 95% contribution, followed by Indonesia at 94%. Meanwhile, Singapore, Hong Kong, and Japan have the highest number of organizations that have used cloud services for at least three years.
  • In April 2022, NEC launched a Cloud Gateway solution in Japan to enhance existing on-premises NEC business phone systems' performance, mobility, and capabilities. This solution was developed in partnership with Intermedia Cloud Communications and eliminated barriers to adopting unified communications as a service (UCaaS) in Japan. In addition to an existing NEC phone system, this cloud gateway also provides communications and collaboration services such as chat, video conferencing, and file sharing.
  • In March 2023, AWS Storage Gateway expanded availability to the AWS Asia Pacific in Hyderabad and AWS Asia Pacific (Melbourne) Regions, enabling customers to manage and deploy hybrid cloud storage for their on-premises workloads. AWS Storage Gateway is a hybrid cloud storage service that offers on-premises applications access to virtually unlimited storage in the cloud. Users can use AWS Storage Gateway for archiving data and backing up to AWS, offering on-premises file shares backed by cloud storage and offering on-premises applications with low latency access to data in the cloud.
Cloud Storage Gateway Market - Growth Rate By Region

Cloud Storage Gateway Industry Overview

The global market for cloud storage gateways is highly competitive due to the presence of multiple players. With the increasing digitization of every sector, a significant amount of data is being generated, and cloud storage is a highly suitable option for its storage. Cloud storage gateways provide data compression features that facilitate fast and efficient data transfer. In order to stand out in this market, cloud storage companies are investing heavily in new technologies to demonstrate that their gateway products can do more than just serve as a bridge between on-premises and cloud storage.

In November 2023, NetApp, a global cloud-led, data-centric software company, announced the renewal of its partnership with Microsoft. NetApp delivers innovations to Microsoft Azure users that bring together solutions for cloud storage with Azure NetApp Files (ANF) NetApp BlueXP, and Cloud Volumes ONTAP and now CloudOps solutions from Spot by NetApp—all based on industry-leading NetApp and Microsoft technologies.

In July 2022, Moxa introduced the AIG-300, a revised series of IIoT gateways. These gateways provide faster and more secure sensor-to-cloud connections in remote field locations, offering the stable connectivity required in distributed and unmanned sites for collecting, storing, processing, and analyzing operational data from sensors and other IIoT devices. The AIG-300 series is an ideal solution for various industries, including manufacturing, transportation, energy, and more.

Cloud Storage Gateway Market Leaders

  1. Amazon Web Services

  2. Microsoft Corporation

  3. Oracle Corporation

  4. NetApp, Inc

  5. Dell EMC

*Disclaimer: Major Players sorted in no particular order

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Cloud Storage Gateway Market News

  • January 2023: Amazon Web Services (AWS) made an important move by launching the AWS Local Zones location in Australia. This strategic step aims to enable Australian organizations to migrate additional workloads to AWS, thus supporting a hybrid cloud migration strategy and simplifying IT operations. The new location will provide low latency capabilities, which will be crucial in improving the performance of digital applications. It will also enable processing of large amounts of data faster, thus driving productivity gains.
  • In March 2023: ASRock Industrial launched a new series of gateways designed for intelligent control at the edge. These gateways support real-time computing and can connect edge devices in a compact form factor. The iEP-7020E Series is highly beneficial in various industries, such as smart manufacturing, factory automation, robotics, process automation, smart cities, smart retail, AI surveillance, and more. This series of gateways features computing-intensive process control, ensuring optimized performance and energy efficiency.
  • December 2022: Tiger Technology announced its entry into the digital pathology cloud file service with the launch of Tiger Bridge software. When integrated with a scanner, this software enables captured images to be sent to a public cloud repository, where remote consultants can review the images and help local medical teams make informed decisions about patient treatment.
  • December 2022: StarWind, a leading provider of hyper-converged infrastructure (HCI) solutions, launched a storage gateway for Calamu. The storage gateway provides advanced data protection technology, safeguarding the company's backup data stored in the cloud against theft. The software's main feature is to protect in such a way that if data is stolen or copied off-site, it is automatically converted into an unusable format, thus preventing any unauthorized access. This innovative solution will help Calamu secure its data and ensure business continuity.

Cloud Storage Gateway Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of COVID-19 impact on the industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increase in Cloud Adoption Across Several Industry Verticals

      2. 5.1.2 Growing Demand for Low Cost Data Storage and Faster Data Accessibility

    2. 5.2 Market Restraints

      1. 5.2.1 Security Concerns Over Cloud Storage

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Deployment

      1. 6.1.1 Private Cloud

      2. 6.1.2 Public Cloud

      3. 6.1.3 Hybrid Cloud

    2. 6.2 By Organization Size

      1. 6.2.1 SME

      2. 6.2.2 Large Enterprises

    3. 6.3 By End-user Industry

      1. 6.3.1 Retail

      2. 6.3.2 Healthcare

      3. 6.3.3 Manufacturing

      4. 6.3.4 Media & Entertainment

      5. 6.3.5 Government

      6. 6.3.6 Education

      7. 6.3.7 Other End-user Industries

    4. 6.4 Geography

      1. 6.4.1 North America

        1. 6.4.1.1 United States

        2. 6.4.1.2 Canada

      2. 6.4.2 Europe

        1. 6.4.2.1 United Kingdom

        2. 6.4.2.2 Germany

        3. 6.4.2.3 France

        4. 6.4.2.4 Rest of the Europe

      3. 6.4.3 Asia Pacific

        1. 6.4.3.1 China

        2. 6.4.3.2 Japan

        3. 6.4.3.3 India

        4. 6.4.3.4 Rest of the Asia Pacific

      4. 6.4.4 Latin America

      5. 6.4.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Amazon Web Services

      2. 7.1.2 Riverbed Technology

      3. 7.1.3 CTERA Networks Ltd

      4. 7.1.4 Cloud Gateway Co

      5. 7.1.5 Microsoft Corporation

      6. 7.1.6 Google LLC (Alphabet Inc.)

      7. 7.1.7 NetApp Inc

      8. 7.1.8 Dell EMC

      9. 7.1.9 IBM Corporation

      10. 7.1.10 Nasuni Corporation

      11. 7.1.11 Panzura Inc.

      12. 7.1.12 Oracle Corporation

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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 Research 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.

Amazon Web Services, Microsoft Corporation, Oracle Corporation, NetApp, Inc and Dell EMC are the major companies operating in the Cloud Storage Gateway Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Cloud Storage Gateway Market.

In 2023, the Cloud Storage Gateway Market size was estimated at USD 4.80 billion. The report covers the Cloud Storage Gateway Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Storage Gateway Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Cloud Storage Gateway Industry Report

Statistics for the 2024 Cloud Storage Gateway market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cloud Storage Gateway analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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