Final answer:
Volume Gateways enable synchronizing data between on-premise and cloud storage, minimizing data transfer costs, and archiving data to a virtual tape library.
Step-by-step explanation:
Stored volumes, or Volume Gateways, enable you to synchronize data between on-premise and cloud storage. This means you can have your data stored both locally and in the cloud, allowing for easy access and backup. Volume Gateways also minimize data transfer costs by only transferring incremental changes instead of the entire volume each time.
Additionally, archiving data to a virtual tape library is another capability of Volume Gateways. This allows you to store data in a cost-effective manner, similar to traditional tape libraries, while still having it easily accessible when needed.