Cloud services
companies are offering concise solutions and quick turnarounds for their
customers. Changes in data processing technologies enable companies to move
functions to data rather than data moving to functions. Bypassing layers of the
technology stack has improved cloud services companies' productivity. For
example, with the new warehouse platforms in the insurance industry, queries
that took hours now run in minutes, delivering critical insights to insurance
companies.
THE BUSINESS RESEARCH
COMPANY EXPECTS THE CLOUD SERVICES MARKET TO GROW TO $405.3 BILLION BY 2021
North America was the
largest region in the cloud services market in 2017, accounting for
approximately 60% of the market share.
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According to The Business Research
Company’s Consultant, many cloud service providers
are offering services for storing long-term
data in the cloud. They are offering solutions for moving data from in-house
servers to remote servers, hence eliminating issues arising due to archiving.
Many companies are migrating from small, in-house facilities to mega data centers operated by large service providers.
For instance, according to IDC, worldwide datacenter space is expected to
increase to 1.94 billion square feet in 2018.
IBM was the largest
company in the cloud services market in 2017, generating revenues worth $35.3 billion
for the financial year 2016. IBM’s growth strategy is to increase its global
cloud data center footprint through acquisitions. In 2015, IBM invested $1
billion to expand its cloud business and made seven cloud acquisitions
including Cleversafe, Gravitant and Clearleap.
The word ‘cloud
services’ refers to delivery of information technology resources and
applications on-demand through the Internet platform. Companies in the cloud
services industry provide access to servers, storage, databases and a broad set
of application services managed by a hardware networking.
Cloud Services Global
Market Report 2018 is a detailed report giving a unique insight into this
market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000
if you wish to use across a multinational company.
About The Business
Research Company
Visit TheBusinessResearchCompany.com,
mail info@tbrc.info or call +447443439350 or +918897263534
or +919160996838 for more information on this and many other titles.
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
Contact Information.
The
Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
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+1 315 623 0293
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