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Enterprise Cloud Migration Spurs Infrastructure-as-a-Service Double-digit Growth Finds Frost & Sullivan - Providers update their service portfolio to align with long-term cloud strategies and to gain a competitive edge - ITServices.Frost.com
Enterprise Cloud Migration Spurs Infrastructure-as-a-Service Double-digit Growth Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2015/07/15 - Providers update their service portfolio to align with long-term cloud strategies and to gain a competitive edge - ITServices.Frost.com.

   
 
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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, finds that the market earned revenues of 1.95 billion USD in 2014 and estimates this to reach 10.11 billion USD in 2019.

“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.”

In addition, enterprises find IaaS to be a suitable method to effectively manage IT spending in the face of challenging economic conditions in Europe. The deployment of IaaS decreases enterprise capital investment in internal data centres, hardware and human resources, which can instead be directed to core business functions.

To address concerns around security, cloud providers are developing hosted private cloud services compliant with specific standards. Enterprises, particularly in highly regulated industries such as healthcare and financial services, have reason to be concerned about security risks such as data loss, unauthorised access to apps and leakage of data.

“Offering hybrid cloud services that combine IaaS with managed hosting or on-premise cloud along with managed cloud services will help build a secure and unified infrastructure,” concluded Ramkumar. “With the rise in different hosting environments requiring enterprises to operate in multi-vendor ecosystems, service providers must also harness an environment of coopetition, where partnerships can be leveraged to ensure easy migration of applications and stronger adoption of IaaS in Europe.’

Analysis of the European Infrastructure-as-a-Service Market is part of the IT Services (ITservices.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: European Platform-as-a-service Market, Asia-Pacific Software-Defined Networking Market, and Latin America Cloud Computing Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the European Infrastructure-as-a-Service Market / MAB4-72

 
 
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Enterprise Cloud Migration Spurs Infrastructure-as-a-Service Double-digit Growth Finds Frost & Sullivan

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Frost & Sullivan | IaaS Market
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