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Global Top 10 Cloud Technologies Market: Snapshot

The top 10 cloud technologies market is anticipated to rise at a cracking pace in the upcoming years. The growth of the market is driven by a number of favorable factors which include rising demand of organizations for scalable, agile, cost efficient computing, rising demand for digital services and their applications, and a significant number of standards for interoperability between cloud and existing systems.

Amongst the top 10 cloud technologies, multi-cloud management is anticipated to display the leading growth in the forthcoming years, powered by the growing need for various applications amongst end users. Further, significant adoption of hybrid cloud solutions among small and medium sizes enterprises is favoring the growth of multi-cloud management. Hybrid cloud is used across a host of industries that include BFSI, healthcare and lifesciences, and telecommunication and ITES.

Cloud storage is anticipated to hold the second-leading market size amongst all in the cloud domain. Some of the key solutions provided by cloud storage vendors are primary storage, cloud storage gateway, disaster recovery and backup storage, and data archiving. In particular, hybrid cloud storage has boosted the growth of top 10 cloud technologies market in the recent years. The rising demand for enterprise mobility for improved efficiency is also playing a crucial role to boost the growth of cloud solutions.                                                                                       

However, disaster recovery as a service is expected to display the leading growth rate amongst all in the top 10 cloud technologies market. This is mainly because of a number of advantages related to data synchronization, online viewing, and easy accessibility.

Cloud technologies have become more and more predominant in the technology world over the last few years due to shift towards SaaS based solutions and continuous growth in the cloud data storage. Both small and medium enterprises (SMEs) and large enterprises are shifting towards cloud platforms because of key benefits it provides like self-service provisioning, elasticity and pay-per use that can be availed by both businesses and end users. cloud storage, hybrid cloud, cloud migration services, Integration Platform as a Service (iPaaS), cloud orchestration, Disaster Recovery as a Service (DRaaS), Video as a Service (VaaS), multi-cloud management, cloud analytics, cloud storage, Wi - Fi as a Service are the top 10 cloud technologies. These top 10 cloud technologies is expected to grow at a significant rate during the forecast period.

Presently, organizations are aggressively shifting towards cloud technologies as it helps in lowering costs, increases operations scalability, productivity and increases flexibility. Faster deployment, mobility, lower total cost of ownership, scalability, agility, increasing demand for interoperability between cloud services and existing systems and business continuity are the major drivers for adoption of various cloud technologies. Migration to cloud technologies helps organizations to move their assets such as databases, platforms, email, infrastructure and applications on the cloud. It reduces the costs, increases operations, and recovery, and manages other mission-critical tasks. Among top 10 cloud technologies, multi-cloud management is increasing rapidly due to increasing need for agility and automation in businesses. Moreover, due to rapid adoption of the hybrid cloud among the small and medium enterprises (SMEs) has opened doors to the new growth opportunities especially in the multi-cloud management market, thus boosting overall cloud technologies market.

Among the top 10 technologies market, disaster recovery as a service and hybrid cloud market are the largest and fastest growing markets. Hybrid cloud is used in various application telecommunication, information technology, banking, financial services and insurance (BFSI), healthcare & life sciences. Among all these banking, financial services and insurance (BFSI) will hold the maximum market share. Disaster recovery as a Service includes various solutions and services such as easy accessibility, data synchronization, and online viewing. It also helps in retrieving and restoration of data during downtime or failures such as human error, power outage, and natural catastrophe. Wi - Fi as a service is a cloud managed Wi Fi service delivered to the end-user under a subscription-based pricing model. It is helpful to SMEs (small and medium enterprises) and large enterprises for effective collaboration between teams spread across different locations. Also Wi Fi-as a service offers features such as centralized management and remote trouble shooting. Growing demand of end-to-end visibility and faster deployment are driving the growth of the Wi - Fi as a service market.

Top 10 cloud technologies can be classified on basis of solutions, service types, applications, end-users vertical and regions. On basis of end users top 10 cloud technologies can be classified into banking and finance, healthcare, automobile telecom and information technology, manufacturing, government and others. Among these banking and finance is expected to have a highest growth rate during forecast period. On basis of region top 10 cloud technologies can be classified into North America, Europe, Asia Pacific regions (APAC), Middle East and Africa (MEA) and South America. North America holds the largest market share in top 10 cloud technologies market. Asia-Pacific (APAC) accounted for the largest growth rate in the top 10 cloud technologies market.

The key providers of the top 10 cloud technologies include, Microsoft Corporation, Cisco Systems, Inc., VMware, Inc., Google, Inc., Amazon Web Services, IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, Workday, Axcient, Rackspace Hosting, Inc., and SAP.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

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  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Top 10 Cloud Technologies Market

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