This market research report presents a detailed segmentation of the global enterprise cloud services market by service type (Saas, IaaS, and PaaS) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are AWS, Google, IBM, Microsoft, and VMware.
Technavio’s market research analysts estimate the global enterprise cloud services market to grow at a CAGR of more than 24% between 2016 and 2020. A key driver which will drive market growth is the introduction of cloud computing and its increased adoption by companies around the world. Some of the inherent advantages of using cloud computing are easily deployable models and simplified IT management and maintenance. The various advantages offered by cloud services will lead to its increased adoption among enterprises. The Americas will dominate the global enterprise cloud services market during the forecast period due to the growing need to build a cost-effective infrastructure and increase the flexibility of the system to comply with changing business environments.
The new market research report from Technavio provides a breakdown and analysis of the enterprise cloud services segments by technology.
“Enterprises of all sizes are rapidly adopting cloud computing as it is cost efficient and very reliable. Cloud computing is being increasingly adopted as many companies offer flexibility to employees in the form of the BYOD policy. Cloud computing allows employees remote access to work related documents on their mobile phones and laptops. Virtual networks with secure login credentials make it easy to work from any location and share relevant documents quickly. The widespread availability and increased adoption of different cloud-based services by companies will positively influence this market’s growth potential over the next few years,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
The software as a service segment dominates the global enterprise cloud services market and is expected to account for more than 62% of the total market share by the end of 2020. Since SaaS offers better scalability and is easy to integrate with existing systems, vendors are able to offer customized applications to their customers. Due to the maturity of technologies that support web services and high penetration of broadband services, users from remote locations are able to access SaaS services.
The leading vendors in the global enterprise cloud services market are AWS, Google, IBM, Microsoft, and VMware. The market is highly concentrated owing to the presence of a few key vendors. The competition is expected to intensify as many service providers are looking for ways to increase market share through M&As. To gain higher market shares, vendors focus on differentiating themselves by offering high security through VPN connections, broad network access, and helping companies balance service level objectives and cloud compliance requirements.
A more detailed analysis is available in the Technavio report, Global Enterprise Cloud Services Market 2016-2020.
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