Cloud Services Market Is Forecast To Reach $161 Billion In 2019
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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 (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS).
The cloud services market is relatively concentrated, with a number of large, global players. The top five competitors in the market made up 56.0% of the total market share in 2015. Microsoft was the largest competitor in the market, followed by IBM and Amazon Web Services have launched their own enterprise hybrid cloud models.
According to The Business Research Company’s Technology analyst, Mr. Ramesh, the Cloud Services market will grow in the future due to rapid growth in the number of the consumers and businesses accessing private and public cloud services.
The Business Research Company forecasts that the cloud services market will grow to $161 billion2 in 2019 due to an increase in the adoption of cloud services and faster data processing systems. The Americas was the largest geographic market in the cloud services market in 2015, accounting for $48 billion or 49.4% of the global market.
The figure shows the year-on-year growth of the global cloud services market during 2015 – 2019.
The Business Research Company Report’s Coverage:-
MARKETS COVERED:- Computer Facilities Management, Computer Systems Design Services, Software Services, Data Processing and Hosting.
COMPANIES MENTIONED:- Telecom, IT Services, Software Products, Computer Hardware.
COUNTRIES:- Australia, Brazil, China, France, Germany, India, Italy, Japan, Spain, Russia, UK, USA.
REGIONS:- Asia, Americas, Europe, Middle East & Africa, Oceania.
TIME SERIES:- Five years historic and forecast.
DATA SEGMENTATIONS:- Country and regional splits, market share of competitors3, market segments.
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Key Points of the Information Technology Report:
1. Market Characteristics.
2. Historic Data.
3. Forecast Data.
4. Mergers and Acquisitions in the market.
5. The latest trends in the market.
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1 http://www.thebusinessresearchcompany.com/our-research/information-technology/cloud-services-global-market-analytics-outlook-2016/
2 http://www.thebusinessresearchcompany.com/our-research/information-technology/cloud-services-global-market-analytics-outlook-2016/
3 http://www.thebusinessresearchcompany.com/