LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global cloud-enabling technologies market to grow at a CAGR of nearly 9% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global cloud-enabling technologies market for 2017-2021. To calculate the market size, the report considers revenue generated from the adoption of virtualization, automation, and management (A&M) and service-oriented architecture (SOA) solutions for cloud environments.
Concepts such as virtualization, SOA, as well as A&M are becoming more relevant as enterprises migrate to the cloud and the number of distributed operating environments increase. In terms of virtualization, solutions such as a server, application, network, and desktop are experiencing a significant proportion of growth. This is happening alongside the thrust toward automating and managing infrastructure for availability and scalability as performance has become the primary driving factor for enterprises and CSPs.
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Technavio ICT analysts highlight the following three factors that are contributing to the growth of the global cloud-enabling technologies market:
Growing adoption of cloud-based services
There is a trend among enterprises to adopt cloud-based services for at least one of the operational needs of their businesses. Cloud computing uses cloud-enabling technologies to simplify cloud operations for end-users. Increased adoption of these services by enterprises will lead to innovations in technologies that will make the cloud environment more efficient.
Abhishek Sharma, a lead data center research analyst at Technavio, says, “Virtualization offers a simplified platform to optimize IT resources by making them more scalable, which indirectly decreases the cost of adopting cloud technology. It also simplifies the delivery of services in cloud environments.”
Increase in application workloads requiring data center A&M
As the adoption of cloud-based services grows, the number of application workloads deployed in cloud data centers will also grow to require efficient A&M of the cloud. According to Cisco Cloud Index 2015-2020, more than 90% of the application workloads will be operated on cloud in 2020, and the workload density will be around 12 per server in data centers.
“With the evolution of cloud computing resources, provisioning has become simple and easy for many enterprises. Cloud-enabling technologies help enterprises to manage the provisioning of resources in a better and faster manner. Cloud environments are dynamic, and services are provisioned effectively through several cloud-enabling resources such as servers, storage, and networks,” adds Abhishek.
Need for more scalability and flexibility
Cloud-enabling technologies increase the scalability of a cloud environment making it more flexible for service providers and consumers. Virtualization helps enterprises to gain maximum efficiency from a data center's infrastructure. A&M tools allow customization of cloud solutions based on changing business needs; it also aids the increase of the speed at which services are rendered using the cloud.
In addition, it simplifies upgrades over the cloud infrastructure and enhances service offerings. SOA adds more flexibility to cloud service offerings and management. Cloud-enabling technologies to enhance the operations of cloud environments by offering many benefits, which are not limited to scalability and flexibility.
Top vendors:
- BMC Software
- CA Technologies
- Cisco Systems
- Citrix Systems
- Hewlett Packard Enterprise
- IBM
- Microsoft
- Oracle
- Dell (VMware)
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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