March 09, 2012
DUBLIN, March 9 — Research and Markets (http://www.researchandmarkets.com/research/8a4888/global_public_clou) has announced the addition of the "Global Public Cloud Market 2011-2014" report to their offering.
TechNavio's analysts forecast the Global Public Cloud market to grow at a CAGR of 27.5 percent over the period 2011-2014. One of the key factors contributing to this market growth is the need to reduce the overall organizational IT service cost. The Global Public Cloud market has also been witnessing increasing hybrid approach for public cloud service adoptions. However, the increasing concern for data security in the public cloud service could pose a challenge to the growth of this market.
TechNavio's report, Global Public Cloud Market 2011-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Public Cloud market landscape and its growth prospects in the coming years.
Key vendors dominating this market space include Amazon, SalesForce.com, IBM, and Microsoft.
Commenting on the report, an analyst from TechNavio's Data Centers team said, Organizations across the globe are implementing hybrid cloud deployment to gain the advantages of both the private and public cloud models. The common trend being witnessed across many organizations is to maintain organizational data in their own data centers and then use the public cloud service to perform the required application computation tasks.
According to the report, one of the main drivers of the Global Public Cloud market is the need to reduce the overall cost of organizational IT applications. With increasing technological advancements and the increased adoption of technologies in business, there is an increase in the annual IT application procurement and management costs for many organizations. As a result, many end-users are utilizing the public cloud to deploy and manage cloud applications at reduced cost. Moreover, the less complex cloud interfaces and self-service provisions of cloud computing are also helping many organizations to manage cloud applications with limited resources.
For more information visit http://www.researchandmarkets.com/research/8a4888/global_public_clou.
Source: Research and Markets
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