Research and Markets has announced the addition of the "World
Cloud Computing Services Market - Opportunities and Forecasts, 2014 -
2022" report to their offering.
Cloud Computing is the practice of sharing a network of remote servers
which are hosted on the Internet to store, process, and manage data
rather than on a local server or a personal computer. It specifically
refers to a common storage space through which all the devices in the
network can access data simultaneously. The use of Cloud computing
technology not only gives cost benefits but also makes applications
accessible to all devices in the network at any time and from any
The global storage market has recorded revenues of $9.12 billion in 2012
with the growth rate of 16.7% as compared to the revenues in 2011. The
major driver for the growth of global cloud computing market is its cost
effective services. It has been estimated that an organization can save
more than 35% of the annual cost by adopting cloudcomputing technology.
However, data security is the key restrain for the growth of cloud
computing market as organizations believe that their data is more secure
in the in-house data centers rather than on a virtual cloud network.
Especially, the small and medium scale organizations are more skeptical
about cloud technology, which leads to low adoption rate of the
technology. The biggest challenge for the growth in the adoption rate of
the cloud computing technology is to increase the awareness about its
The giants involved in the most promising cloud computing market can be
listed as Amazon Web Services, Akamai Technologies, Cisco Systems,
Google Inc., IBM Corp, Hewlett Packet, Dell, Microsoft Corp., VM-Ware
and Yahoo Inc.
For more information about this report visit http://www.researchandmarkets.com/research/ncs682/world_cloud
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413006043/en/
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