Cloud-enabling Technologies Market Size by Top Leading Key Players, Growth Oppor
Posted by Fred Williams on February 3rd, 2022
Cloud-enabling technologies enable the use of computing resources that are delivered to customers with the help of the internet. They majorly include Broadband networks and internet architecture, data center technology, virtualization technology, web technology, and multitenant technology. Data center technology and virtualization technology are estimated to expand at a healthy CAGR in the next five years.
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Increase in Adoption of Cloud-based Service
Demand for the cloud-based services has been increasing across the globe in the last few years. Major reason for the adoption of cloud service is low operational and maintenance cost. In the current market scenario, more than 90% of SMEs are using cloud services across the globe. Amazon Web Services, Alibaba Cloud, Microsoft Azure and Google Cloud were market leaders in the cloud services by the end of 2019. North America leads the cloud technologies market due to large-scale adoption by SMEs in the U.S.
Lack of Compatible Network Infrastructure is Hampering Cloud-enabling Technologies Market
Cloud-enabling technologies depend considerably on the internet and communication services for their functionality. Consequently, they require a high speed internet connection such LAN and WAN. Several countries across the globe face network as well as internet connection issues due improper network infrastructure within their respective countries. Weak network infrastructure, especially in developing regions such as Asia Pacific, is likely to hamper the market.
North America to Dominate the Global Cloud-enabling Technologies Market
In terms of region, the global cloud-enabling technologies market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the cloud-enabling technologies market during the forecast period due to strong adoption of next-gen technologies and other advance technologies by small & medium enterprises in the region.
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About the AuthorFred Williams
Joined: May 7th, 2020
Articles Posted: 371
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