The Global Market for Cloud Equipment is Projected to Reach US$75.7 Billion by 2020

Growing Demand from Developing Markets to Drive the Market for Cloud Equipment, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Cloud Equipment. The global market for Cloud Equipment is projected to reach US$75.7 billion by 2020, driven by the growing demand from developing markets in Asia-Pacific such as India and China.

The global market for cloud equipment is forecast to witness growth driven by the omnipresent trend of cloud-enabled enterprise transformation. Networking ranks as the fastest growing product segment in the market. Growth in the market is fuelled by growing deployment of new cloud infrastructure and upgrade of existing cloud architectures to meet increasing usage needs. The resulting network expansions are driving considerable demand for networking equipment used in cloud environments. Also, rapid adoption of cloud enabled disaster recovery as a service is exerting pressure on existing infrastructure, thereby driving networking infrastructure upgrades and increased consumption of networking equipment.

Growing need for server capacity is spurring demand for cloud ready servers which are equipped with several robust and carefully engineered hard disks, network cards, memory modules, and processors, to ensure compatibility with the cloud environment.  The growing popularity of cloud computing services is driving demand for cloud storage equipment like data servers, storage servers. Public cloud service providers typically require robust storage equipment to offer uninterrupted and reliable services to customers. Also, enterprises implementing private clouds migrate most of their digital data onto private clouds deployed within the enterprise firewall, thus increasing the need for robust and high memory storage equipment for supporting large volumes of virtual data. A key trend in the market is the growing popularity of SDD drives over HDD drives in private cloud architectures. SSD systems are popular in private cloud, where confidentiality and security of data are of paramount importance. HDD systems despite their lower performance will still continue to find favor for mass storage applications in public cloud, given the capacity and cost limitations of SSDs.

As stated by the new market research report on Cloud Equipment, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 10.0% over the analysis period. Growth in the region is led by the expanding enterprise sector, increase in the number of Internet data centers, and increase in cloud based IT deployments in developing markets such as China and India. Key factors driving up the number of new establishment of cloud datacenters include increased datacenter outsourcing, and surge in data volumes generated by enterprises. Demand for cloud equipment will especially benefit from the growing deployment of hosted style and collocation styled datacenters. The growing scale of data overload and the fact that managing “Big Data” is poised to emerge into the toughest IT challenge for companies in the upcoming years, bode well for growth in the cloud equipment market.   

Major players in the market include Cisco Systems, Inc., CTERA Networks Ltd., Dell Inc., EMC Corporation, Emulex Corporation, Hewlett-Packard Company, IBM, Oracle, Promise Technology USA, Quanta Computer, Riverbed Technology, and VMware, Inc., among others.

The research report titled “Cloud Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. World market for cloud equipment is also analyzed by type of cloud deployment (Private Cloud, Public Cloud, and Hybrid Cloud) and by product segments (Networking Infrastructure, Servers, and Storage).

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