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Cloud Services Global Market Briefing 2016

  • Date Submitted: 09/14/2016 01:14 PM
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Cloud Services Global Market Briefing 2016 Released By The Business Research Company.

http://www.thebusinessresearchcompany.com/our-research/information-technology/cloud-services-global-market-briefing-outlook-2016/

Cloud Services Global Market Briefing provides strategists, marketers and senior management with the critical information they need to assess the global Cloud Services.

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.


The market segments in the Cloud Services as of 2015 were Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS) and Business process as a service (BPaaS).


Growing Demand of Hybrid Cloud-With growth and technological advances in the cloud industry, companies are witnessing a growing demand of hybrid cloud model. In 2016, hybrid cloud adoption rose from XX% to XX% year-over-year. Hybrid cloud services claim to meet an organization’s regulatory norms while also benefiting from the economies of the cloud. They also welcome organizations into the cloud world without drastically changing their approaches. Since hybrid clouds limit the costs of users, its demand has been growing among midsize enterprises.

Faster Data Processing-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 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.


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