Cloud Computing Technology Expected to Witness a Significant Rise in its Adoption During the Period 2016-2020
May 17, 2016
Grazed from BusinessWire. Author: Editorial Staff.
Technavio research analysts are forecasting positive growth for many segments of the global cloud computing market over the next four years as several markets including backend as a service (BaaS), cloud management for OpenStack, and network as a service (NaaS), will witness an increase in revenues.
According to Technavio, the need to reduce complexities in application development will accelerate the growth of the global backend as a services market and post a massive CAGR of almost 102% during the period 2016-2020. Application of BaaS solutions makes it easier for developers to set up, use, and operate a cloud backend for creating their mobile, tablet, and web apps…
IT vendors in this market are offering advanced solutions that exempt complex coding, thus vastly improving front-end tasks that include design and development of content. The growing demand for mobile apps with additional features and functionalities will continue to boost the demand for BaaS over the next four years…
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