DUBLIN, May 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Enterprise Cloud Services Market 2016-2020" report to their offering.
The analysts forecast the global enterprise cloud services market to grow at a CAGR of 23.83% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global enterprise cloud services market for 2016-2020. To calculate the market size, the report considers the revenue generated from cloud services such as software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS) offered to enterprises. . The report also includes a discussion of the key vendors operating in this market.
More companies are adopting hybrid cloud services to conduct their business. The high demand for cloud computing services is attributed to their low costs and high reliability. Enterprises are setting up private cloud infrastructure to cater to their internal computing and storage requirements. When computing requirements exceed the capacity of the private cloud, services are procured from public cloud service providers. This, at times, adds complication to the integration between private and public clouds. Thus, enterprises choose hybrid cloud infrastructure with features of both clouds.
According to the report, the need to scale enterprise computing infrastructure has led to enterprises and end-users worldwide adopting cloud computing and cloud-based services to achieve efficiency and cost-effective gains. SMEs are the major adopters of cloud services. With evolving business needs and increasing use of digital content by enterprises, there is a need to rapidly scale computing resources in the enterprise network to cater to higher computing requirements.
Further, the report states that data security concerns have always been an issue for organizations as business data are critical.
Other prominent vendors
- Akamai Technologies
- CA Technologies
- Cisco Systems
- NTT Communications
- Rackspace hosting
- Red Hat
- Sungard Availability Services
- Verizon Enterprise Solutions
For more information visit http://www.researchandmarkets.com/research/6pbthc/global_enterprise
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SOURCE Research and Markets