San Jose, California (PRWEB) August 21, 2013
Follow us on LinkedIn – In the coming months, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as growing popularity of public cloud services, increased adoption among SMBs, and reduced enterprise investments in IT capital assets. Key benefits of Cloud Infrastructure as a Service (IaaS) driving adoption include significantly lower upfront IT infrastructure costs, elimination of costs associated with maintaining IT staff, operational efficiencies, dynamic elasticity, lower costs, flexible access to the infrastructure, business agility, superior and reliable support for business continuity.
Cloud infrastructure services such as compute as a service and storage as a service, are expected to witness strong growth. The rise of big data is expected to especially benefit Storage as a Service (STaaS) wherein digital storage is offered as a service over the cloud. Storing huge volumes of data in the cloud is easy and cost effective. Rapid developments in technology that help speed up the process of managing data in the cloud so as to enable new, varied and innovative use of available data will help drive growth. The IaaS market is mainly fuelled by robust growth in compute as a service. Growing pressure on computing resources in an in-house datacenter is a key reason driving the need to migrate additional workloads onto public clouds as per requirements. Compute as a service where processing power is offered as a service is witnessing strong growth with companies increasingly adopting these services for “cloudbursting” of in-house applications.
Growth in the global IaaS market in the coming years is forecast to come largely from non-traditional customers comprising independent application developers, scientists, engineers, and business outfits outside core enterprise IT. The study estimates the global market for Cloud Infrastructure Services to be in excess of US$5 billion, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
The report outlines the importance of cloud-based Infrastructure-as-a-Service and its role in shaping modern IT strategies. Developed for cloud developers, vendor strategists, IaaS service providers and technology domain experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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