Compound annual growth rate (CAGR) is basically the mean annual growth rate of an investment over a specified period of time longer than one year. According to some of the analysts, the market of global cloud storage gateway is expected to grow at a compound annual growth rate (CAGR) of 41.05% between 2016 and 2020.
These cloud storage gateways are hybrid applications that have cost effective packages and not only do they protect data functionality but also combine local storage, and cloud storage to form a collaborative.
The storage gateway matches different protocols that are used by businesses and cloud service providers. Also, via this, there is flawless connection between cloud storage and local systems.
These storage gateways are very necessary. They are important because they ensure if all the data that is stored in the cloud infrastructure is efficient as the established standards. They also help in facilitating efficient management of storage space and traffic across a network services by enterprises is growing worldwide.
To host applications and data both, enterprises use cloud environment. In this, business continuity during disasters is ensured via gateway virtual appliances. The data backup from local storage to cloud storage is not only simple but also cost effective.
Recently, the storage gateway capabilities have gone through some serious evolution. It has grown to snapshots and version control from data duplication and compression.
One of the reports mentioned potential data security threats for the data. This is a leading factor towards complexities and management issues to mitigate the risks linked with the cloud based storage. Hence, such levels of intricacy demands increased security measured to be integrated in the data transmission processes.
Every model of cloud for storing data demands a separate level of security. Be it public, hybrid or private, the security required will not be in uniformity. Therefore, the data stored in these deployment models and the data that is to be transmitted, are compressed while using techniques like data encryption, whereas, the storage gateway administrators supervise recovery of the data.
Lastly, there can be reduction in the implementation of the cloud based storage services, if the data security is highly threatened. This may negatively affect the implementation of storage gateway in the first place.