Cloud Equipment: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-14 13:05:04
The global Cloud Equipment market is projected to reach US$79.1 billion by 2018, driven by growing demand for public cloud computing services, and increased deployment of private and hybrid clouds.
Against a background where companies are coerced into recalibrating their network infrastructure into cost-effectively supporting distributed Information Technology applications, the importance of cloud computing comes to the fore. Key drivers of cloud computing include scalability, business agility, cost, conversion of CAPEX to OPEX, mobility, innovation and competitive advantages. Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the Internet as a service. This type of an arrangement whereby companies can expand network capacity, and run applications directly on a vendor´s network, offers a host of advantages with the most primary being radically lower IT costs. The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing legacy server, and storage systems.
Unrelenting rise in storage requirements, explosion in application sprawl, guzzling demand for more computing power, ever increasing length, breath, scale and density of networks, together makes datacenter management more challenging by the year. Cloud computing given its potential to address all of these issues will continue to witness strong growth. Effective resolution of bottlenecks related to security, regulatory compliance, privacy, interoperability, reliability, pricing, complexity, lack of standards, lack of transparency will additionally spur adoption of cloud computing services.
A key trend in the market is the emergence of traditional telecom service providers as a lucrative customer cluster for cloud equipment. Telecommunication companies like AT&T and Verizon are stepping up their cloud infrastructure. Key reasons cited for the ingress of telecom giants into the B2B cloud services market include increased competition and rapidly falling ARPUs in traditional business areas related to voice communications. Also, telecom companies require lesser investments to diversify into the cloud services space, since they own the network required to provide OTT (Over the Top) clouds services and applications. With data handling services increasingly becoming the future of telecom operators as against the conventional voice services, investments in cloud are poised to gain traction in the coming years.
The United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 10.5% over the analysis period. Growth in the region is led by rapid diffusion of cloud services in China and India, rise in cloud-related entrepreneurship, increased inflow of cloud related venture capital funds, and rise in the number of new cloud based datacenters. Mobile-based cloud computing in developing countries additionally presents an enormous potential to bridge the digital divide that stems from the disproportionate penetration of desktop PC penetration as compared to mobile phones. Small and medium-sized enterprises (SMEs) are especially driving growth largely as a result of proffered benefits like operational efficiency, productivity gains and security enhancements. Global Industry Analysts Â©
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