Top 10 Cloud Technologies Market to Witness an Outstanding Growth during 2017 - 2025

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.

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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.

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.

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