Published on : Mar 14, 2017
ALBANY, NY, March 14, 2017: The report, titled ‘Global Cloud IT Infrastructure Hardware Market Research Report 2017’, focuses on the development of the worldwide market and its future growth prospects. The report also offers an outline of the market drivers and challenges, market landscape, trends, and key vendors.
Cloud infrastructure aids in assisting the computing requirements of a cloud computing model. It refers to software and hardware components such as storage, servers, and a network and virtualization software. Infrastructure as a service, software as a service, and platform as a service are the three cloud computing models that consists of cloud IT infrastructure hardware. Companies can either rent cloud IT infrastructure hardware from several cloud infrastructure vendors on a fixed subscription fee or directly purchase them instead.
As companies are allocating their annual budget towards spending on information and communication technologies, the global cloud IT infrastructure hardware market is gaining immense traction. In addition, several companies are investing in cloud IT infrastructure hardware due to the advent of big data and analytics, as enterprises across various verticals are realizing the significance of being digitally sound. Moreover, cloud IT infrastructure hardware gives liberty to companies to select a plan as per their requirements from different models of cloud deployment – private, public, and hybrid, which is another vital factor driving the market growth.
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Based on end user, the global cloud IT infrastructure hardware market is led by the healthcare segment and is expected to hold its position over the forecast period as well. Various healthcare organizations are rapidly automating their IT infrastructure. Due to automation, the flow of information between the facilities’ equipment, medical systems, and applications becomes tad simpler for healthcare organizations and it is easy to keep a check on patient care and facility management data. Moreover, IT infrastructure can go a long way in helping health organizations reduce the facilities’ overall cost of operation.
Geographically, North America is currently leading the market due to rising IT hardware capacity requirements of companies and data center technologies, especially in Canada and the U.S. Following suit is Europe with various industry verticals such as banking, financial services and insurance (BSFI), healthcare, and manufacturing emphasizing on renting cloud IT infrastructure, thereby driving the market growth. Rise in the number of businesses implementing cloud infrastructure over traditional technologies is pushing the demand for cloud IT infrastructure hardware in the Asia Pacific region.
Some of the prominent players operating in the global cloud IT infrastructure hardware market are Hewlett-Packard Enterprise, IBM Corporation, Dell, Inc., Lenovo Group Ltd, Cisco Systems, Inc., EMC Corporation, and NetApp, Inc.
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