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Web scale IT Market 2019 Global Industry Segmentation, Application, Trends, Opportunity & Forecast to 2023
May 09, 2019 (AB Digital via COMTEX) —
Web scale IT is defined as the set of practices and architecture pioneered by companies such as Google, Amazon, Netflix, Facebook and others which enables firms to achieve higher levels of agility, scalability and service delivery. It allows providers and firms to seamlessly keep up with the fast-paced advancements such as video streaming, cloud adoption, virtualization. Web scale IT eliminates the silos of the traditional IT and is a better approach to designing, managing and building datacenter infrastructure. Web scale IT has been on the rise and the global web Scale IT market is expected to grow at CAGR of 17%, reveals a study by Market Research Future (MRFR). The web scale IT market will catapult from USD 200 Mn in 2016 to USD 640 Mn by the end of 2022.
Increased agility and scalability of stored data, reduction in hardware investments, universal accessibility of enterprise data, and continued technical aid are some of the key factors boosting the web scale IT market. Adoption of web scale IT services has helped enterprises significantly drive down costs while ensuring business critical service levels; this is one of the principal drivers of the web scale IT market. Escalating need for managing databases, increasing use of broadband facilities, and the growing dependence of enterprises on the internet to perform routine business operations are the factors driving the market. In the present era of globalization, enterprises are increasingly shifting towards the cloud for resolving their data center requirements; web scale IT addresses the issues of agility associated with cloud and the need for managing these highly virtualized data centers are augmenting the need for web scale IT services.
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Major Key Players
Facebook, Inc. (U.S.), Hewlett Packard Enterprise(U.S.), CloudBees, Inc.(U.S.), Netflix, Inc. (U.S.), CloudSigma Holding AG (Switzerland), and Microsoft Corporation (U.S.) among others.
According to Market Research Future Analysis, Global Web scale IT Market has been valued at USD~640 Million by the end of forecast period with an estimated CAGR of ~17% during forecast period 2016 to 2022.
Latest Industry News
• SwiftStack has announced world’s first multi-cloud artificial intelligence (AI)/machine learning (ML)/deep learning (DL) data management solution.
• Duane Jackson has launched Staffology, a payroll software as a service (SaaS) and application programming interface (API).
The global web scale IT market can be segmented on the basis of end-user industry, provider, services, solutions, and lastly, region. Based on end-user industry, this market has been segmented into banking, financial services and insurance (BFSI), energy & utilities, healthcare, logistics, manufacturing, media & entertainment, retail, and transportation.
The provider-based segmentation can segment the market into content providers, internet service providers, and marketplace builder. On the basis of services, the market has been segmented into consulting & information technology (IT), maintenance, and repair & integration. Regarding solutions, the market has been segmented into analytics, automation, self-healing software, and software-defined data center (SDDC) among others.
The regional segmentation of the global web scale IT market segments the market into the regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). North America has been anticipated to be the largest regional market due to the high revenue contribution that can result from high adoption of cloud-based services by production systems as well as by distribution channels. The presence of many key market players also plays an important role in market growth. The big-league country-specific markets in this region are the USA and Canada.
During the forecast period, the Asia Pacific regional market is expected to grow due to growing investment by leading players, and increasing demand for software-based services in developing countries like China and India. Japan is a technologically advanced economy in this region. So it has the potential to be an important country-specific market.
During the forecast period, Europe market is likely to grow due to the reasons same as North America. In this region, the main country-specific markets are Germany, France, and the UK, followed by the remaining countries of Europe.
The RoW segment covers the countries of the Middle East & Africa (MEA). In the MEA region, the market is limited due to poor countries, lack of infrastructure, lack of awareness, lack of advanced facilities, lack of skilled professionals, and lack of education.
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LIST OF TABLES
TABLE 1 GLOBAL WEB SCALE IT MARKET, BY SOLUTION
TABLE 2 GLOBAL WEB SCALE IT MARKET, BY SERVICES
TABLE 3 GLOBAL WEB SCALE IT MARKET, BY PROVIDERS
TABLE 4 GLOBAL WEB SCALE IT MARKET, BY END USER INDUSTRY
TABLE 5 GLOBAL WEB SCALE IT MARKET, BY REGIONS
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 GLOBAL WEB SCALE IT MARKET: BY SOLUTION (%)
FIGURE 3 GLOBAL WEB SCALE IT MARKET: BY SERVICES (%)
FIGURE 4 GLOBAL WEB SCALE IT MARKET: BY PROVIDERS (%)
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