Increased Adoption of Cloud-Based Services Will Supercharge the Global Cloud-Enabling Technologies Market Through 2019
February 23, 2015
Grazed from YahooFinance. Author: Editorial Staff.
The Global Cloud-Enabling Technologies Market is expected to post a CAGR of 16.6 percent from 2014-2019, thanks to increased adoption of cloud-based services by enterprises, according to a new report from research firm TechNavio. The latest report by TechNavio highlights the ever-increasing adoption of cloud-based services by enterprises worldwide, which will result in innovative technologies and make the cloud environment more efficient.
Many vendors are focusing on product improvement in order to enhance cloud capabilities and remain competitive in the market. Virtualization is the most popular cloud-enabling technology, and it plays a vital role in shaping cloud datacenter operations. “Virtualization offers a more streamlined platform to optimize IT resources, making them more scalable, which indirectly decreases the cost of adopting cloud services and also simplifies the delivery of services in cloud environments,” says Faisal Ghaus, Vice President of TechNavio…
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