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Latest report on Top 10 Cloud Technologies Market by MarketsandMarkets

Monday, February 13, 2017 2:37
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The report “Top 10 Cloud Technologies Market (Hybrid Cloud, Cloud Storage, Cloud Migration, Cloud Orchestration, Integration Platform As-A-Service, Disaster Recovery As-A-Service, Multi Cloud Management, Video-As-A Service, Cloud Analytics, and Wi-Fi-As-A-Service)”, Cloud adoption is increasing rapidly by enterprises due to various factors such as the need for agility, on-demand scalability, flexibility, and cost effectiveness.

Browse 50 market data tables and 70 figures spread through 187 pages and in-depth TOC on “Top 10 Cloud Technology “
http://www.marketsandmarkets.com/Market-Reports/top-10-cloud-technologies-market-10879352.html
Early buyers will receive 10% customization on this report.

The cloud offers pay-as-you-go service for users, which helps in reducing costs to a great extent. Disaster recovery and security services over the cloud are provided to users which make it a reliable and secure source for data storage and management. These are a few drivers of the cloud technology due to which enterprises are adopting it speedily. The hybrid cloud market and DRaaS market are the largest and fastest growing markets, respectively, during the forecast period.

The hybrid cloud market is expected to have the largest market size, growing from USD 33.28 Billion in 2016 to USD 91.74 Billion by 2021, at a CAGR of 22.5%.

Hybrid cloud is used in several applications such as BFSI, telecommunication & ITES, and healthcare & life sciences. The market for hybrid cloud is growing owing to the increasing application base in which it is being implemented. Out of these verticals, BFSI is the most significant and contributes the maximum share. The hybrid cloud provides BFSI a seamless and a user-friendly model to migrate the applications between different infrastructure with ease and in lesser time.

The cloud storage market is expected to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8% during the forecast period.

Cloud storage is used in several applications such as telecommunication & ITES, BFSI, and government & public sector. The BFSI industry is expected to hold significant market share in the cloud storage market due to various benefits provided by cloud-based technologies such as improved performance, reduced IT infrastructure cost, and lower downtime. The telecommunication and ITES vertical is growing at a rapid pace as it has a huge customer base and recovery of data is essential to keep the customers informed.

The market for DRaaS is expected to grow from USD 1,677.1 Million in 2016 to USD 11,105.9 Million by 2021, at a CAGR of 45.9% during the forecast period.

The market for DRaaS is expected to grow at the highest CAGR in the top 10 cloud technologies market. Backup service provides restoration of data during downtime or failures such as power outage, human error, and natural catastrophe. It offers numerous benefits such as data synchronization, easy accessibility, and online viewing. The major vendors offering backup services to the end users, SMEs, and large enterprises include IBM, AWS, NTT Communications, and Verizon. It provides cost-effective, automated, reliable, secure, and scalable solutions to the enterprises ensuring business continuity in the event of disaster.

The market for iPaaS is expected to grow from USD 528.0 Million in 2016 to USD 2,998.3 Million by 2021, at a CAGR of 41.5% during the forecast period.

The cloud service orchestration service type in the iPaaS market is expected to hold the largest market share in 2016. The adoption of cloud orchestration among the enterprises increased due to benefits such as assistance in strategic decision-making, improved productivity & performance, and decrease in business downtime & losses. The major factors that have been driving the adoption of cloud orchestration are the need for flexibility, agility, and cost-efficiency; growing demand for optimum resources utilization; and increasing need for self-service provisioning. Some of the companies offering cloud service orchestration in the iPaaS market are MuleSoft, IBM, Microsoft, and Oracle. The application integration service type is expected to grow at the highest CAGR of during the forecast period. The North American region is expected to have the largest market size in 2016 in application integration services.

The key manufacturers in the top 10 cloud technologies market include IBM Corporation (New York, U.S.), Cisco Systems, Inc. (California, U.S.), VMware, Inc. (California, U.S.), Amazon Web Services (Washington, U.S.), Microsoft Corporation (Washington, U.S.), Oracle Corporation (California, U.S.), Hewlett Packard Enterprise Company (California, U.S.), Rackspace Hosting, Inc. (Texas, U.S.), Google, Inc. (California, U.S.), and SAP SE (Wurttemberg, Germany).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

 

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