Enterprise Cloud Migration Spurs Infrastructure-as-a-Service Double-digit Growth, Finds Frost & Sullivan
July 16, 2015
Grazed from MarketWatch. Author: PR Announcement.
The technological and economic benefits offered by cloud services are accelerating enterprise migration from on-premise IT infrastructure solutions to hosted alternatives. This is driving rapid growth in the European infrastructure-as-a-service (IaaS) market. Cloud providers are also pursuing regional strategies such as setting up of local data centres to fast-track uptake among European customers.
New analysis from Frost & Sullivan, Analysis of the European Infrastructure-as-a-Service Market (https://www.frost.com/mab4 [https), finds that the market earned revenues of 1.95 billion USD in 2014 and estimates this to reach 10.11 billion USD in 2019. For complimentary access to more information on this research, please visit: http://owl.li/PDhQC …
"The on-demand, pay-as-you-go model of cloud services is garnering intense interest in Europe as it allows enterprises to effectively deal with volatility and seasonality in IT demand," said Frost & Sullivan Information & Communication Technologies Senior Research Analyst Shuba Ramkumar. "Infrastructure requirements can be easily altered using a web portal, in contrast to the traditionally cumbersome job involving physical servers or networks."…
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