London, 31 October 2014 – TechNavio has published a new market research report on the Cloud Computing Market in Germany, which is expected to grow at a CAGR of 31.98 percent from 20134-2018.
Platform-as-a-service (PaaS) is expected to post the highest growth rate among all service models over the projected period.
About the Report
The new report from TechNavio focuses on the growing need to reduce the total cost of ownership, which is driving more and more SMEs towards the cloud.
These smaller organizations are constantly increasing their spending on IT products and services to improve the efficiency of their business processes and gain a competitive advantage in the market.
“In Germany, where the SaaS segment has reached a certain stage of maturity, the need for SaaS applications is less attractive to large enterprises. The demand is now generated by SMEs as they are seeking innovative cloud-based solutions to reduce costs, provide better services, and increase customer satisfaction levels,” says Faisal Ghaus, Vice President of TechNavio.
“Cloud systems enable these companies to use software products on a pay-per-use basis, thus reducing their expenditure. Less dependency on internal IT personnel, no licensing costs, low maintenance costs, limited hardware infrastructure, and quick, easy implementation of IT solutions are some of the other factors driving SMEs towards adoption of cloud services.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Need to Reduce Total Cost of Ownership
- For a full detailed list, view our report.
Market Challenges:
- Data Security Concerns
- For a full detailed list, view our report.
Market Trends:
- Growing Data Center Market
- For a full detailed list, view our report.
Key Vendors:
- Amazon Web Services Inc.
- Fujitsu Ltd.
- Google Inc.
Other Prominent Vendors:
- Cisco Systems
- Hitachi Data Systems
- HP
- NEC
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
