Reduction in Cost of Innovative Products to Encourage Growth of Global Cloud-enabling Technologies Market

Published Date : Apr 24, 2017

ALBANY, New York, April 24, 2017: A new market research report has recently been added by to its huge repository of research studies. The 70-page research report, titled “Global Cloud-enabling Technologies Market 2017-2021,” provides a detailed reports of the market, highlighting the growth prospects and limitations. In addition, the key segmentation of the global cloud-enabling technologies market, on the basis of product type, application, and geography have been provided in the scope of the report in order to offer a clear understanding. Furthermore, a thorough outline of the vendor reports of the market has been included in the report, along with a list of the key players operating in it across the globe. 

According to the research study, the global market for cloud-enabling technologies is predicted to register a progressive 9.0% CAGR between 2017 and 2021. A tremendous rise in the rate of adoption of cloud-based services across diverse industries is one of the vital factors projected to encourage the growth of the overall market in the next few years. In addition, the reduction in the cost of cloud-enabling technology solutions is another key factors predicted to accelerate the market’s growth in the near future. Furthermore, the rising implementation of software-defined networking is estimated to offer promising growth opportunities in the near future.

Furthermore, the global market for cloud-enabling technologies has been classified on the basis of end use into A&M solutions, virtualization, and SOA solutions. In the last few years, the A&M solutions segment led the global market holding a major share. As per the study, this segment is likely to remain in the leading position in the coming years, thanks to the ability of these solutions to automate cloud operations to aide enhanced capacity planning. Moreover, these solutions allow the users to monitor the performance of the application, which is likely to accelerate the boost the demand for A&M solutions in the next few years. 

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Among the key regional segments, the Americas are anticipated to lead the global market for cloud-enabling technologies throughout the forecast period. The increasing rate of adoption of these technologies, especially in Canada, the U.S., and South America is expected to fuel the overall growth of this segment in the next few years. The forecast statistics of the regional segments have been included in the research report. 

The global cloud-enabling technologies market is highly competitive and fragmented in nature, due to the presence of several players operating in it. The key players in the market are emphasizing on technological advancements and new product development in order to gain a competitive edge in the market and attract a large number of consumers throughout the forecast period. Some of the prominent players operating in the market are Citrix Systems, IBM, Cisco Systems, BMC Software, Microsoft, Oracle, Dell (VMware), Hewlett Packard Enterprise, and CA Technologies.

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