Cloud computing is a concept of delivering a type of software, platform, and computing infrastructure in a network. In this, the actual business centric hardware is placed in a centralized location, or distributed servers are used to house applications. Businesses and customers can access the needed resources via connecting the servers from remote locations. Cloud computing encompasses various computing concepts like hosted applications and accessing software through web browser, which provide scalable business applications delivered through internet.
Cloud Computing applications are faster, simpler and cheaper to use as there is no involvement of capital requirement for servers & storage and operational expenses for running data center. Also, applications are accessible from anywhere, at anytime. With virtual networks, service providers can provide shared platforms; reducing the cost of physical platform. Also, cloud computing provides cost effective data center infrastructure. Moreover, it increases server utilization and sets priorities based on business requirements.
Most of the companies (using cloud computing for their internal IT operations) use cloud computing for business applications such as customer relationship management. Other major applications include data storage and HR services such as recruitment management, using which the companies are able to focus on their strategic business initiatives. This enables them to serve customers better, improve business performance, and gain market share.
The report by TechNavio Insights forecasts the size of the Global Cloud Computing Services Market over the period 2008-2012. Further, it discusses the key growth drivers, market trends and challenges of the Global Cloud Computing Services Market, and profiles some of the key vendors of this market.
Infiniti Research specializes in deep dive custom research for leading Fortune 500 companies. The company conducts more than 200 market intelligence projects every year. TechNavio is the company’s market intelligence platform. TechNavio Insights is a series of 400+ reports based on this market intelligence platform.