Transcript
Page 1: Cloud Computing Services Market Size, Share, Development, Growth and Demand Forecast to 2020

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

Demand Forecast to 2020

Page 2: Cloud Computing Services Market Size, Share, Development, Growth and Demand Forecast to 2020

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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 Amazon’s 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.

Page 3: Cloud Computing Services Market Size, Share, Development, Growth and Demand Forecast to 2020

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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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