Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Revenue in Infrastructure as a Service sector expected to surge

15/07/2016 by Usha Tyagi

W1siziisijiwmtyvmdcvmtuvmtavmzcvntevntevq2xvdwquanbnil0swyjwiiwidgh1bwiilci2mdb4ndawxhuwmdnlil1d

Over the past few years, the adoption of cloud computing services has rocketed, boosting many markets and seeing revenue levels rise. Now, it has been suggested that Infrastructure as a Service (IaaS) is expected to be in high demand, with revenue levels expected to triple by 2020. This is occurring as many firms begin to understand the benefits of the cloud and move towards a hybrid strategy.

In its latest report, market intelligence firm IDC said that it expects to continue seeing the adoption of cloud services by enterprises around the world. As firms step away from traditional on-premise hardware they will need to utilise IaaS in increasing levels. There’s also a compelling argument from IaaS providers, since having an architecture subscription allows scalable and on-demand services. It also means money can be saved from the operation costs of running independent, private data silos.

Revealing its findings and the expected trends, IDC said that revenue for the IaaS market was $12.6bn in 2016. This is predicted to climb to $43.6bn by 2020. Such soaring revenue levels equates to a growth rate of 28.2% annually over five years. In IDC’s survey, in which over 6000 IT organisations were questioned, it was found that at least two-thirds are either already using IaaS or plan to do so in the coming years. IDC explained that the “public cloud IaaS is slowly transforming the enterprise IT value chain.” Based on figures for 2015, which saw the sector grow by 51%, current estimates are that both 2016 and 2017 will experience growth rates of around 41%.

In addition to the rising revenue levels, IDC also drew out some other interesting points from the data. For example, it is expected that 80% of all IT organisations are set to commit strategies to hybrid architectures over the coming two years. IDC also noted that the market will shift towards OpenStack, with regional public cloud providers opening in coming months and years. These services are set to have strong demand due to local data sovereignty and regulatory concerns. Finally, it was revealed that Amazon Web Services remains the strongest player in the IaaS market. In fact, 56% of the total revenue pie is shared by the top 10 IaaS vendors, showing the dominance these providers have. However, it also means much of the market share remains available, with new and innovate start-ups set to take advantage of this in the coming years.

 

 

 

About Us

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjkvmdgvmtmvmjkvmjgyl1vudgl0bgvkigrlc2lnbiaomjuplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Are PSLs a Blocker or an Enabler?

2017-10-02 11:00:00 +0100

The use of a Preferred Supplier List (PSL) was intended to support and strengthen relationships and performance between organisations and their third party suppliers. As the technical landscape continues to evolve at rapid rate recruitment and demand for new skills becomes more intense. Are PSLs still the solution or an obstacle to sourcing the right talent? The traditional PSL A dedicated list of partners intended to guarantee quality and availability ...

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...