Cloud computing is a transformation in the
IT industry changing the nature of the competition within the computer
industry. Organizations, such as Cisco Systems, Amazon, Google, Microsoft, and
IBM, believe that the cloud will be controlling the IT resources as well as
helping in reducing TCO. Cloud computing revolutionizes the way IT resources are
being deployed, configured, and managed. With the increase in the use of cloud
computing, storage environment has also changed. There are several converging
trends such as an increase in number of users, IT consumerization, and more
data and devices pushing the storage environment to a new level.
These technologies are not only driving the
cloud market, but also pushing the use of technologies that will support cloud
computing.
Cloud data center is a repository, which
can be either physical or virtual used for management, storage, and
transmission of data. It requires minimal maintenance cost when compared to the
servers. They have their own power supply in case of electricity failure. They
are cost-effective and require less resource, thereby attracting end-users to
use cloud deployment rather than servers.
Market
Analysis:
Cloud Data Center market is expected to
reach $67.5 billion by 2023, growing at a CAGR of around 28.7% during the
forecast period. Businesses are reassessing their data centres and locating to
different places. They are trying to use emerging technologies to build
dynamic, scalable next-generation data center that will response to changing
business needs without increasing the cost and overspending on service levels.
Moreover, there is growing demand from North American companies as the cloud
technology will help in storing data and information cost-effectively,
increasing the efficiency, agility, and flexibility of the data center.
Software
Analysis:
Software is the major boosting factor for
the cloud data centers market. The major technology providers have joined hands
with the cloud and third-party providers to offer innovative data center
solutions, which enable the end-users to store their data on the cloud with
better security features. The software market is further segmented into
storage, server, and networking. In 2017, cloud storage had a major share of
the market and is expected to reach $22.99 billion by 2023, growing at a CAGR
of 27.6% during the forecast period 2017–2023.
Regional
Analysis:
Currently, the Americas is having the
majority of the market share mainly due to advancements in technology. The
market is witnessing prominent growth in countries such as the US and Canada.
Americas is followed by Europe in terms of high market share. The regional
government initiatives for using cloud computing and reducing the operational
cost fosters the growth in the region. APAC is spending hugely in development
of data centers and sharing knowledge about the use of cloud computing. LAMEA
is expected to have a positive growth in the market, which will offer huge
opportunities for key players to provide innovative solutions in the region.
Key
Players:
The key players covered in the report are
Microsoft, AWS, Cisco Systems, IBM, and Google.
Competitive
Analysis:
The study covers and analyzes the Cloud
Data Center market. Bringing out the complete key insights of the industry, the
report aims to provide an opportunity for players to understand the latest
trends, current market scenario, government initiatives, and technologies related
to the market. In addition, it helps the venture capitalists in understanding
the companies better and take informed decisions.
Benefits:
The report provides an in-depth analysis of
the cloud data center market aiming to reduce time to market for products and
services, reduce operational and cooling costs, improve business efficiency,
and operational performance. The report talks about software, services, service
models, end-user, and regions. With the information offered, key stakeholders
can know about the major trends, drivers, investments, vertical player’s
initiatives, and public private partnership (PPP’s) interest toward the
adoption of the technology. Further, the report provides details about the
major challenges impacting market growth.
Key
Stakeholders:
Data center manufacturers, network
providers, software providers, data security solution vendors, policy makers,
standard development organizations, investor community, university researchers,
blog writers, and technology magazines.
Spanning over 86 pages “Cloud
Data Center Market – Global Drivers, Restraints, Opportunities, Trends, and
Forecasts to 2023” report covers Industry Outlook, Report
Outline, Services: Market Size & Analysis, Service Model: Market Size &
Analysis, End-user Verticals: Market Size and Analysis, Regions: Market Size
and Analysis, Vendor Profiles, Companies to Watch for.
Please visit this link for more details: http://mrr.cm/UzX
Find all Computing
and Electronics Reports at: https://www.marketresearchreports.com/computing-electronics
Other Reports;
Big Data in Power Management Market –
Global Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023 -
Visit at - http://mrr.cm/Uz2
Trade Management Software Market – Global
Drivers, Opportunities, Trends, and Forecasts to 2023 - Visit at - http://mrr.cm/Uz6
