Commercial Cloud Market Soars to New Heights: A Look at Cloud Computing's Rapid Expansion

Initial implementation and maintenance costs of hosting data on-premises are concerned with enterprise. Moreover, staff expenses and issues with downtime are a few additional concerns for enterprises. In addition, the current competition and global economic situations have enhanced the implementation of cost-effective measures to restructure business models and increase the shift of enterprises toward the implementation of digital transformation. These are a few more factors leading to the adoption of cloud computing services, which are ultimately reducing enterprise costs. Moreover, the cloud offers the benefit of the pay-as-you-go model, which enables enterprises to pay as per their usage of cloud services, leading to reduced costs.

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COVID-19 scenario Analysis:

► The emergence of COVID-19 pandemic has severely affected almost all industries except Healthcare across the world. Further, lockdown restriction on movement has disrupted the supply chain across the globe and affected the distribution of the medical analysis software.

► There is a rise in the demand for business analytics in the healthcare industry for efficiently managing the huge volume of hospital data, such as the record of patients and availability of beds due to the sudden spread of the coronavirus disease (COVID-19).

► Furthermore, there are strong indications that the current pandemic has pushed the demand for technology solutions. In the medium-to-long run the COVID-19 technology impact may be extremely positive.

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Enterprises having their existing infrastructure are moving toward the implementation of cloud computing services and are eager to adopt hybrid approach so that they could reap the benefits of on-premises and cloud services. In addition, SMEs are largely implementing cloud computing services due to their major assistances, such as no initial infrastructure setup costs and the on-demand availability of compute services. These factors are contributing toward the growth of hybrid cloud services in enterprises. Moreover, the hybrid cloud offers the benefit of enhanced workload management, increased security and compliance, and efficient integration within DevOps teams.

Key benefits of the report:

► This study presents the analytical depiction of the global commercial cloud market along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global commercial cloud market share.

► The current market is quantitatively analyzed to highlight the global commercial cloud market growth scenario.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The report provides detailed global commercial cloud market analysis based on competitive intensity and how the competition will take shape in coming years.

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Commercial cloud is a term that refers to cloud computing systems built solely for paying customer with no specific industry in mind. A commercial cloud requires some customization to meet industry-specific requirements especially for businesses working within the manufacturing industry. In addition, an enterprise may need to purchase further management tools or features to accomplish industry-specific tasks to achieve the customization process. Commercial cloud is the solution to hire a more horizontal approach to create value. This means a commercial cloud is built to operate outside the boundaries of a specific industry. When using commercial cloud solutions, extra work must be done to configure them to meet specific industry standards.

Key Market Players:

► Tata Communications Ltd

► Limelight Networks, Inc.

► Internap Corporation

► Google Inc.

► Level 3 Communications LLC.

► Akamai Technologies, Inc.

► AlcatelLucent S.A

► Ericsson Inc.

► Amazon Web Services, Inc.

► Verizon Communications, Inc.

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