LONDON, Aug. 15, 2017 /PRNewswire/ -- The word 'cloud services' refers to delivery of information technology resources and applications on-demand through the Internet platform. Companies in the cloud services market provide access to servers, storage, databases and a broad set of application services managed by a hardware networking.
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The Americas was the largest region in the cloud services market in 2016, accounting for around 47% market share. Europe was the second largest region accounting for around 39% market share. This was mainly due to growing adoption of cloud service technologies such as IaaS and PaaS by manufacturing and retail companies in the region. Asia was the third largest region accounting for around 10% market share.
Growing Demand of Hybrid Cloud - With growth and technological advances in the cloud industry, companies are witnessing a growing demand of hybrid cloud model. In 2016, hybrid cloud adoption rose from 58% to 71% year-over-year . Hybrid cloud services claim to meet an organization's regulatory norms while also benefiting from the economies of the cloud. They also welcome organizations into the cloud world without drastically changing their approaches. Since hybrid clouds limit the costs of users, its demand has been growing among midsize enterprises .
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