Cloud Storage Gateway Market - Outlook ( ) for Manufacturing
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1 Cloud Storage Gateway Market - Outlook ( ) for Manufacturing explore@researchfox.com
2 ResearchFox Consulting is an Indian market research and consulting firm based in Bangalore. We strive to provide our clients with research data and reports which they can trust and analyze. Insights gleaned from our detailed and comprehensive research reports helps our clients stay ahead of trends. ResearchFox serves clients with services from data collection to analysis and reports. ResearchFox has extensive sector expertise and its consultants are abreast of global trends and issues across industries. Our areas of expertise include Manufacturing, IT, FMCG, Healthcare, Automotive, Government Sector and NGO, BFSI and Retail. Disclaimer : This report is furnished to the recipient for information purposes only. Each recipient should conduct their own investigation and analysis of any such information contained in this report. No recipient is entitled to rely on the work of ResearchFox Consulting Pvt.Ltd. contained in this report for any purpose. ResearchFox Consulting Pvt. Ltd. makes no representations or warranties regarding the accuracy or completeness of such information and expressly disclaims any and all liabilities based on such information or on omissions therefrom. The recipient must not reproduce, disclose or distribute the information contained herein without the express prior written consent of ResearchFox Consulting Pvt.Ltd. Copyright ResearchFox Consulting Private Limited 2
3 Table of Contents 1. Introduction 1.1. Report Description 1.2. Objective 1.3. Scope of the Research 1.4. Regions Covered 1.5. Key Takeaways 1.6. Key Stakeholders 1.7. Key Terminologies 1.8. List of Abbreviations 2. Executive Summary 2.1. Executive Overview 3. Research and Forecasting 3.1. Research Methodology 3.2. Forecasting Methodology 4. Industry Landscape 4.1. Market Size and Growth 4.2. Competitive Landscape 4.3. Market Share 4.4. Company Classification 4.5. Region Outlook 4.6. Market Metrics 4.7. Porter's Five Forces Model 4.8. Key Drivers Analysis 4.9. Key Constraints Analysis Key Opportunities Identified Key Challenges Identified 5. Market Segmentation 5.1. Industry Manufacturing Market Size and Forecasting Key Drivers Analysis Key Constraints Analysis Key Opportunities Identified Key Challenges Identified Sub Segments Region : North America Region : Europe Region : APAC Region : South America Region : RoW 3
4 dfgfd dfgfdh dfgfh dfhgf Introduction 01 4
5 1. Introduction 1.1. Report Description With the growing demand for cloud storage driven by adoption of various technologies by businesses, the ability to manage data and information share and access has become the highest priority of enterprises. The amount of data generated by businesses and individuals is increasing tremendously day by day which has resulted in rising demand for storage, data backup and disaster recovery solutions. This has been driving market for cloud storage gateways. Cloud storage gateway appliances, hardware or software based, establishes connectivity between on premise applications and storage repository in the cloud. Cloud storage gateways provide protocol translation to connect incompatible technologies. Cloud storage gateways enable organizations to leverage cloud storage while delivering on premise services to remote and branch offices thereby eliminating data silos, reducing reliance on traditional and expensive IT storage. Cloud storage gateways acts a bridge between cloud storage systems and enterprise applications and overcomes incompatibility between the protocols used for public cloud technologies and legacy storage systems. Besides, cloud storage gateway appliances provide data deduplication and compression capabilities to make use of available bandwidth efficiently and move data as quickly as possible. This report presents interpretative and easy-to-understand facts on how the current Cloud Storage Gateway market is segmented based on end users, industry verticals and geographies. It cuts through several facets of the cloud storage gateway market such as market size, market share for each segment, the drivers and constraints of cloud storage gateway marketplace. This report also provides information on the challenges and opportunities that lie ahead for these Cloud Storage Gateways Objective 1. To understand the Cloud Storage Gateway market across the globe by addressing the challenges faced by the industry with regards to adoption of Cloud Storage Gateways 2. To estimate the present size of the Cloud Storage Gateway market and to forecast its future values 3. Realize how drivers, constraints, opportunities and challenges would impact various business functions across regions 1.3. Scope of the Research Scope of the research was limited to understanding the market share across segments. Key drivers, constraints and challenges along with their impact on various business functions in both short term and long term were addressed. Segmentations and forecasting were done based on: 1. End Users 2. Industry Vertical 3. Region based segmentation 1.4. Regions Covered 1. North America (US, Canada and Mexico) 2. Europe (United Kingdom, France, Germany, Italy, Spain) 5
6 3. APAC (Australia, India, China, Japan, Singapore and others) 4. South America (Brazil, Argentina and others) 5. RoW (Middle East and Africa, South America, Russia and other countries) 1.5. Key Takeaways The research conducted to understand Cloud storage gateway market in different regions of the globe has revealed some valuable insights. Some of the key take away points involve information given below: 1. Asia-Pacific region has the highest growth rate followed by Europe. North America still retains the major portion of the market share. 2. The market for Cloud storage gateways was USD million in 2014 and is expected to grow at a CAGR of close to 38.70% till Financial services industry is the major adopter of cloud storage gateways in order to leverage cost effectiveness of solution and monetize online and mobile service channels 4. Security compliance of cloud storage gateways is driving adoption among enterprises across the globe 1.6. Key Stakeholders 1. Cloud storage gateway providers: Cloud storage gateway providers will be able to gauge the market more accurately as this will assist them in better decision making. Also, the product developers would be able to develop products according to the requirement of the customers. 2. End-User companies: This report will provide the end-users, a more clear picture on the solution provider demographics so that they can choose among the best. 3. Global Investors: Those investors who look to fund new and budding Cloud storage gateway startups will get clear picture about the market and its trends. 4. Industry Watchers: Industry and trend watchers are always referred to as trusted advisors who follow markets. The report would add to their knowledge repository, creating value for their know-how. 6
7 1.7. Key Terminologies 1. APAC: Mainly includes Australia, India, China, Japan, Singapore and other nations in the region 2. Europe: Mainly includes United Kingdom, France, Germany, Spain and other European nations 3. MEA: Mainly includes Israel, South Africa, UAE and other nations 4. North America: Mainly includes United States of America, Canada, Mexico and other North American nations 5. South America: Mainly includes Brazil and Argentina and other South American nations 6. Enterprise: Companies with an employee headcount above Mid-Size: Companies with an employee headcount between 501? Small-Business: Companies with an employee up to BYOD (Bring Your Own Device): Bring Your Own Device refers to the policy of permitting employees to bring their own devices, such as laptops, smartphones and tablets to their workplace. 10. Data Analytics: Data analytics is the collection and analysis of data associated with customers, business processes, market economics or practical experience to identify trends and patterns. 11. Disaster Recovery: Disaster recovery is the task of protecting an organization?s valuable data assets from the catastrophes like natural disaster, security breaches etc. 12. Business continuity: Business continuity includes the processes adopted by an organization to ensure that critical business functions will continue even when a disaster strikes. 13. HIPAA: Health Insurance Portability and Accountability Act (HIPAA) passed by United States Congress in 1996, aims to make it easier for people to keep health insurance, protect the confidentiality and security of healthcare information and help the healthcare industry control administrative costs. 14. PCI DSS: Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle credit card payments 7
8 1.8. List of Abbreviations 1. BYOD: Bring-Your-Own-Device 2. COPE: Corporate Owned, Personally Enabled 3. CYOD: Choose Your Own Device 4. CSG: Cloud Storage Gateway 5. USD: United States Dollar 6. CAGR: Compound Annual Growth Rate 7. USA: United States of America 8. APAC: Asia-Pacific 9. IT: Information Technology 10. RoW: Rest of the World 11. TAT: Turn Around Time 12. TTM: Time-to-Market 13. UK: United Kingdom 14. GDP: Gross Domestic Product 15. BRICS: Brazil, Russia, India, China and South Africa 16. UAE: United Arab Emirates 17. R&D: Research and Development 18. 3G: Third Generation 19. 4G: Fourth Generation 20. LTE: Long-Term Evolution 21. CSP: Communication Service Providers 22. POS: Point of Sale 23. DR: Disaster Recovery 24. HIPAA: Health Insurance Portability and Accountability Act 25. PCI DSS: Payment Card Industry Data Security Standard 8
9 dfgfd dfgfdh dfgfh dfhgf Executive Summary 02 9
10 2. Executive Summary 2.1. Executive Overview Cloud storage gateways emerged during as a software or hardware appliance that can establish connectivity between on premise application and data stored in the cloud. Cloud storage gateways overcomes incompatibility between cloud protocols and enterprise applications through protocol translation. The growing demand for cloud storage solutions augmented by adoption of technologies like big data, analytics, business intelligence etc. will drive the market for cloud storage gateways. North America hold the major share of cloud storage gateways market with close to 85% of vendors having headquarters in the region. North America will remain the leader in cloud storage gateways market due to the rise in demand for storage, data backup, disaster recovery and higher adoption rates of cloud computing as compared to other regions. The industry verticals like financial services, manufacturing, retail etc. have favored the utilization of cloud technology to innovate their operations and services. Asia Pacific to witness a higher growth rate Government policies and reforms has favored adoption of advanced technologies including cloud in the region, thereby bringing tremendous change in industry landscape. APAC market is ridden by small and midsize businesses and cloud storage gateways is the cost effective way for firms to efficiently utilize data storage in cloud and power higher productivity. The growing digitization trend among businesses ranging from startups to large enterprises will drive the market for cloud storage gateways. This will be augmented by the shift towards mobile platforms, BYOD etc. The improved adoption of cloud storage in the region is also expected to give a boost to cloud storage gateways market. Financial Services firms to lead cloud storage gateway adoption Financial services firms generate huge chunks of data every day from individual and corporate transactions. The scalability and unlimited capacity of cloud storage have been serving the critical information storage needs of financial industry. With the advent of cloud, financial service firms are formulating IT strategies focusing on cloud adoption. Cloud storage has been increasingly adopted by financial services firms to store large volumes of data. Data stored in cloud is secured through encryption methods and gateways reduces latencies. Cloud storage gateways enable financial firms to securely store critical data in private cloud infrastructure and give applications access to data. Financial service firms with distributed branch offices can securely store data in cloud rather than on premises and can be centrally managed. Compliance to regulations have given a boost to the technology?s adoption in financial services industry. Challenges The market for cloud storage gateways is growing at a healthy rate but there are certain challenges that need to be overcome for the technology to grow to its full potential. The challenges include lack of awareness among industries about the technology, security and privacy concerns associated with adoption of cloud based storage solutions, data protection regulations inhibiting adoption etc. However, awareness initiatives and wide market reach of cloud providers will drive growth of cloud gateway technology in the long term. Besides, addressing the security aspects of cloud technology and its cost effectiveness will drive 10
11 adoption among small and mid-size companies which would help the technology to flourish in the market. 11
12 dfgfd dfgfdh dfgfh dfhgf Research and Forecasting 03 12
13 3.1. Research Methodology Base Year: 2014 Forecasting Period: Sampling The leading suppliers of each end-user product categories that were chosen to provide a larger representative sample. Purposive unit sampling was adopted for every service segment such as verticals, regions, end-users and others. This was resorted to, in order to elicit the appropriate inputs with regard to the qualitative growth aspects of the market Secondary Research The research methodology that was carried out was desk research through various journals, association reports, and in house database to build a knowledge base on various market service segments, product categories and industry trends. Various fact based data was analyzed. Some of the sources included: a. ResearchFox Knowledge Base: Previous data on the market has been put through a rigorous and comprehensive analysis to analyze the current state. b. Desk Research: Industry reports, annual reports, press releases, webinars, journals and publication, independent rating agencies and government statistics Primary Research Primary interviews were conducted among various stakeholders: Product and service companies Members of associations and alliances Subject Matter Experts and Evangelists Consultants and Strategists 13
14 Industry Information It was essential to understand the current industry landscape, market dynamics, security ecosystem and competitor metrics. To estimate the global market, Chief Experience Officers (CXOs), Marketing Heads, Sales Managers and product stakeholders were interviewed Technical Information In addition to the interviews with leading participants for industry-related information, ResearchFox conducted interviews with Research and Development (R&D) and Design and Development teams to understand the current usage of the products by service type and also to find out the emerging trends. Finally, interviews with suppliers were conducted to cross check the validity of information and also to understand the emerging trends in the end-user segment. The detailed methodology for primary research is outlined below Primary Interview Questionnaire Design ResearchFox developed a detailed questionnaire, which was used by the analysts as a guide for their discussions. This process ensured the collection of all necessary data. The questionnaire was designed to elicit unbiased industry level data (market size, production, sales, and others), that had check points (questions such as company level information and their position in the industry acted as check points) to ensure accuracy of the data. The questionnaire included the following sections: 1. Industry level information 2. Characteristics and Dynamics 3. Company-specific information 4. Market segmentation data Interview Questionnaire Test and Validation Following the design of the questionnaire, ResearchFox carried out some initial interviews to verify that the appropriate market and technology data was generated. After the final design of the questionnaire, ResearchFox began full scale primary research. Specific companies targeted for primary research interviews were selected based upon market participation. Higher was the entity's profile, more attractive was the entity. 14
15 Interview Process As participants respond in the course of an interview, ResearchFox analysts are trained to move from lower priority and/ or sensitive topics to increasingly key and/or sensitive topics in response to the interviewee's behavior. This responsive and reflective interview process, combined with the analysts' ability to discuss the industry and technical issues in an open and sharing environment, allows ResearchFox to probe for key data, operations, and competitive information. Multiple contacts within a single organization and with an individual are often planned and/or staged in order to optimize and complete the information gathering process Research Validation At a point, when 20 percent of the research interviews and/or data collection had been completed, ResearchFox consultants evaluated the preliminary findings to assure that up-to-date results are in line with project objectives. The analyst team analyzed the information from the interviews and information was validated through a combination of the following validation techniques: Cross checking with other primary data and previously developed in-house research Review of secondary information, such as trade journals, annual reports and industry directories 15
16 3.2. Forecasting Methodology Step-by-Step Methodology for Market Estimation and Forecasting Market Estimation and Forecast Methodology, 2015 Step 1 Method Understand the market mechanism for the market through structured, systematic and theoretically established norms of analyzing, designing, introducing and quality assurance of the market estimation 2 Measuring the various market drivers, constraints, opportunities and challenges at regular intervals of time 3 Integrate expert-opinion of discussions in consultation with the ResearchFox Analyst team 4 Market estimation and forecast calculation 5 Delphi method and Causal Analysis used as and when required 6 Rigorous quality check with heads of Research Team, Subject Matter Experts and Consultants before final publication Source: ResearchFox Significance and Importance of the Market Forecast, 2015 Sr. No. Significance and Importance 1 Helps revisit on the company's R&D investments 2 Keeps the Sales and Marketing team posted on the market prospects 3 Strategize investment and expansion plans 4 Improve business planning 5 Helps create business aims and set sales figures within the company 6 Aware of the current market competition 7 Support plans for Merger and Acquisition (M&A) Source: ResearchFox 16
17 About ResearchFox WHAT WE STAND FOR We strive towards helping our customers take informed decisions by providing different perspectives for business. We don't believe in flashing LOGOs but are proud to mention that we have been helping all sizes of businesses since our inception. We are glad to have contributed in our own little way towards making a business successful. Whether you are a start-up or a large enterprise, we assure equal treatment to all, after all "Customer is King"! THE TEAM We are a bunch of 25 people with handful of grey hair between us. Our humble experience of around 75 man years in market research and business consulting has led us to believe that this industry is ripe for disruption. With the advent of enterprise consumerization and rapid digitization across industries, days are numbered for traditional business models of market research and consulting services. We make all efforts to bring different (fresh) perspectives to Market, Competition, and Growth of your business. Contact Us: Suggest a Report Topic: Report topics are approved based on number of users with the same suggestion and users are notified when the topic is approved. If you prefer to customize a report, or would like to get your report done exclusively in less than a months time! Bangalore Hyderabad Pune Philippines # 4 & 5, 1st & 2nd Floor, # 104 & 105, 1st Floor, 6th Floor Pentagon P-2, L29 Joy Nostalg Centre, 1st Cross, Bhuvana Towers, Magarpatta City, 17 ADB Avenue, Krishna Reddy Colony, CMR Building, Hadapsar, Ortigas Center, Domlur Layout, Sarojini Devi Road, Pune , Pasig City, Manila, Bangalore , Secunderabad , India Philippines India India Phone: explore@researchfox.com Phone: explore@researchfox.com Phone: explore@researchfox.com explore@researchfox.com The information contained here in is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. 17
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