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Cloud Services Global Market Briefing Outlook 2016

Cloud Services Global Market Briefing Outlook 2016

  • July 2016
  • 26 pages
  • ID: 4014229
  • Format: PDF
  • By The Business Research Company

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The word ‘cloud services’ refers to delivery of information technology resources and applications on-demand through the Internet platform. Companies in the cloud services industry provide access to servers, storage, databases and a broad set of application services managed by a hardware networking. Cloud computing has significantly grown in popularity as new models have emerged and developed to meet different needs of users. Each type segment offers different levels of control, flexibility, and management. These division of cloud services are Infrastructure as a Service, Platform as a Service and Software as a Service.

Europe had the highest CAGR (compound annual growth rate) of xx% during 2011–15; it is expected to grow at a CAGR of xx% during 2015 –19. Asia had the second highest CAGR (compound annual growth rate) of xx% during 2011 – 15; it is expected to grow at a CAGR of xx% during 2015 –19. The Middle East and Africa had the third highest CAGR of xx% during 2011-15; it is expected to grow at a CAGR of xx% during 2015 –19. Oceania had the lowest CAGR of xx% during 2011-15; it is expected to grow at a CAGR of xx% during 2015 –19.

With growth and technological advances in the cloud industry, companies are witnessing a growing demand of hybrid cloud model. In 2016, hybrid cloud adoption rose from xx% to xx% year-over-year . Hybrid cloud services claim to meet an organization’s regulatory norms while also benefiting from the economies of the cloud. They also welcome organizations into the cloud world without drastically changing their approaches. Since hybrid clouds limit the costs of users, its demand has been growing among midsize enterprises

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