TechNavio recognizes the following companies as the key players in the Global Cloud Software Services Market: Amazon.com Inc., Microsoft Corp., Salesforce.com Inc. and IBM Corp.
Commenting on the report, an analyst from TechNavio’s Data Center team said: ”Many enterprises have concerns about investing in cloud services. They do not always require comprehensive solutions for their business but instead seek customized solutions for specific business needs. SMBs in particular are price sensitive to features that they do not consider helpful in terms of value addition. Their requirements and priorities vary according to their size and complexity and the business industry segment they are in. Applications are being designed to suit the hybrid model of cloud computing where enterprises use their private resources and computing resources are accessed from the public cloud infrastructure as and when the need arises. Cloud service providers are providing better services to increase their market presence and their market share.”
According to the report, the demand for cloud services from organizations is increasing and it is boosted by the presence of a number of cloud service providers in the market. This also reduces the prices of cloud services for consumers, thereby further increasing demand. With cloud software services, end-users are able to pay for the application on a per-use basis, thereby substantially reducing their costs.
Further, the report states that one of the main challenges is issues relating to security of cloud services. Security concerns impact the trust and confidence level between service providers and customers. Enterprises are expected to have stringent security measures in place so that they can abide by industry guidelines and comply with rules and regulations set by governments and other bodies.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Amdocs Ltd., Astute Inc., BMC, CA Technologies, Cisco Systems, Dell, Google Inc., HP Co., NetSuite Inc., Nice Systems Ltd., Oracle Corp., Pegasystems Inc., Quest, SAP AG, Skytap, Sword Ciboodle Ltd., and Symantec.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-cloud-software-services-market-2…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/data-center
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TechNavio Announces the Publication of its Research Report-Global Cloud Software Services Market 2012-2016
