Published on : Jul 04, 2016
ALBANY, New York, July 04, 2016: A new market research report, titled “Cloud Computing Market: Technology Models, Challenges, and Business Benefits” is featured on ResearchMoz.us analyzes the market, by stating its current value, size, and market performance and statistics. The report is an in-depth study of the key dynamics of the cloud computing market. According to the report, the respondents in Europe have allocated the largest part of their cloud computing budget for SaaS in 2015 and 2016. The study suggests that among the categories of cloud computing implementation types, hybrid cloud will come under focus over the next 12 months. The budget allocation for hybrid cloud is expected rise in 2016 as compared to 2015.
Cloud computing is a technology that helps deliver software, platform, and IT infrastructure services by means of a shared network. Through cloud computing, organizations can access resources such as applications and software remotely, by means of the internet. Cloud computing technology eliminates the need for making capital investments in servers and storage facilities, thus resulting in almost no operational costs for running data centers.
The organizations working in the cloud computing market are identifying database management system and software application hosting as prominent cloud computing services gaining momentum in 2016. The report studies the change in the cloud computing technology budget and how the budget has been allocated across the different technology areas in 2015. It discusses how the enterprises’ cloud computing technology budget has changed in 2016. It also brings into light the budget allocation investment in public, private, and hybrid cloud in 2015 and 2016.
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SaaS and PaaS are being identified as the chief cloud computing technology types that are expected to gain importance in 2016. Organizations are concentrating on various secured storage solutions as they reduce the expenditure on IT as well as provide the flexibility to process and store their data in third party data centers. It is expected that the rising demand for disaster recovery solutions and hybrid cloud architecture will boost the adoption of IaaS among bigger companies. The trend of IT industries and communication sectors adopting cloud computing services will become strong over the next 12 months. The reasons behind the high deployment of cloud computing are reduced need for purchasing and maintaining IT hardware, scalability, and flexibility.
The report delves into the anticipated investments towards cloud computing and also assesses the percentage of the annual procurement budget spent on cloud computing services by various enterprises. It highlights the most popular cloud computing services and the service that will have the highest potential in the coming 12 months. The industry verticals that are likely to adopt cloud computing services are also mentioned. Furthermore, the challenges faced by the companies by the adoption of cloud computing are also noted.
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