Cloud Computing Stack Layers Market 2022 | Major Factors that can Increase the Global Demand

Reduced operating costs, worldwide mobility, availability & reliability, and easy installation of cloud computing drive growth of the cloud computing stack layers market. As the cloud computing stack layers industry is growing, cloud technology solutions are using latest advancements for technologies so the services and shared resources can be operated remotely, as many business and personal work relies on these services and most importantly these services are easily accessible and easily installable.

However, increase in security and privacy issues hinder the cloud computing stack layers market growth. Contrarily, rise in adoption of cloud computing in organizations is expected to offer a major opportunity for cloud computing stack layers market expansion. In addition, rise in investments in cloud computing solutions is expected to drive market during the forecast period.

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Cost of cloud computing is much more flexible than traditional methods. Companies only need to pay for server and infrastructure capacity as and when it is needed. More capacity can be provisioned for peak times and then de-provisioned when no longer needed according to need of organization.

Whereas, traditional computing requires buying capacity sufficient for peak times and allowing it to sit idle the rest of the time. This allows organizations for cost reduction and improving agility of their functions, which drives demand for the cloud computing stack layers market.

With SaaS, the latest versions of applications needed to run a business are made available to all customers as soon as they are released. Immediate upgrades avail new features and functionality in the end users segment making them more productive.

As software enhancements are typically released quite frequently, it is in contrast to purchased software that might have major new releases only once a year or so and take significant time to roll out, which is expected to boost the demand for SaaS integration in technological advancements.

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COVID-19 Scenario Analysis:

• As many employees are transitioning to remote working, there is a sudden surge in demand for collaboration solutions for better interaction among employees after shifting business on cloud platform. Microsoft announced that it now has 44 million users of the teams platform globally, owing to high demand for collaboration solutions. Such solutions are expected to possibly impact the cloud computing stack layers market.

• Demand for online shopping and video streaming is on the rise as people are self-isolating in their homes either as a precaution or on government command. This drives an increase in spending on IaaS as retailers, broadcasters, and government gateways offering stimulus packages for businesses and professionals are scaling up their e-commerce and front-end platforms to deal with demand.

• PaaS investments are likely to be more in healthcare, pharmaceutical, and academic sector and these organizations are part of the COVID response needs, as there is a need to digitally transform traditional business to interact with employees, customers, and partners.

Major players analyzed in the market include Amazon Web Services Inc., Avaya Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, OVHcloud, Rackspace Inc., Salesforce.com Inc., and SAP SE.

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