Cloud Computing Services Market Size, Share, Development, Growth and Demand Forecast to 2020

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  • GLOBAL INDUSTRY INSIGHT: Cloud Computing Services Market Size, Share, Development, Growth and

    Demand Forecast to 2020

  • P&S Market Research. All rights reserved 2

    Global Cloud Computing Services Market Size, Share,

    Development, Growth and Demand Forecast to 2020

    The cloud computing services market is expected to gain acceptance and become a key element in delivering IT

    services because of the growing need for fast and flexible IT systems and significant advantages which cloud

    offers compared to traditional on-premises data center services. With several newcomers, such as Enomaly Inc.,

    GoGrid LLC and AT&T, instilling innovations, the cloud computing services market is expected to experience

    huge growth in the forecast period with its increasing adoption by companies around the world.

    Amazon Web Services, Inc. dominates the global cloud computing services market, followed by Google Inc. and

    Microsoft. The reason behind the success of Amazons Web Services is that it provides not only storage, but also

    applications that companies can run in the cloud as well. It has been estimated that one of the three internet

    consumers visits a site or use a service (such as netflix) running at Amazon's cloud at least once every day.

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    market

    The growth in cloud computing services is driven by demand in developed nations in Western markets, such as

    Europe and North America. The developing nations are slowly adopting the concept of cloud computing, and are

    expected to drive the growth of cloud computing services in the later part of the decade.

    Cloud computing service is the practice of using a network of remote servers hosted on the internet to manage,

    store and process data, rather than a local server or a personal computer. It can also be defined as the delivery of

    on-demand computing resources, everything from applications to data centres over the internet on a pay-for-use

    basis.

    Based on types of security, the cloud computing services market can be broadly classified into Software as a

    Service (SaaS), Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). Amongst these, the most

    commonly used cloud computing service is the Software as a Service (SaaS), which can be accessed from

    anywhere in the world as long as the user has an access to internet connection.

    A major trend observed in the cloud computing services market is the use of containers for a private view of the

    application. Containers offer private process ID space, file system structure, network interfaces, isolated

    resources and restricted services (a definite amount of resources such as CPU, memory and I/O). Containers are

    more efficient competitors to hardware virtualization, and many Platforms as a Service (PaaS) implementations,

    including Heroku, CloudFoundry, OpenShift and dotCloud, use containers. Additionally, some of the private cloud,

    Infrastructure as a Service (IaaS) implementations, such as Cloudstack and OpenStack, offer support for

    containers. So, containers are a feasible new type of virtualization that is expected to grow and influence the

    direction of cloud computing services market.

    https://www.psmarketresearch.com/market-analysis/cloud-computing-services-markethttps://www.psmarketresearch.com/market-analysis/cloud-computing-services-market

  • P&S Market Research. All rights reserved 3

    Global Cloud Computing Services Market Size, Share,

    Development, Growth and Demand Forecast to 2020

    However, lack of security is a major challenge to the global cloud computing services market. Cloud vendors and

    corporations have to keep pace with rapidly emerging threats and accordingly develop ways to safeguard their

    cloud services from the new and existing threats. The technical backwardness of emerging economies poses

    limitations on cloud computing services due to lack of technical knowledge and infrastructure availability.

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    Some of the competitors in the cloud computing services market are Rackspace Hosting Inc., Red Hat Inc.,

    salesforce.com, VMware Inc., Novell Inc., OpSource Inc., Oracle Corporation, Joyent, Inc., International Business

    Machines Corp. (IBM) and NetSuite Inc.

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