Web Scale IT Market Size, Sales, Growth Drivers, Opportunities, Industry Trends and Forecast to 2022 | Corona-Virus Impact
Web scale IT refers to a set of practices as well as architecture that was first developed by Amazon, Google, Facebook, Netflix, and others. It helps in achieving better levels of scalability, agility, and service delivery, allowing firms and providers to effortlessly keep up with the frequent advancements like cloud adoption, video streaming, virtualization and others. Web scale IT also helps get rid of the silos of conventional IT and is the ideal method to design, manage and build datacenter infrastructure.
As per MRFR study, the web scale IT global market can rise at above 17% CAGR through 2016 to 2022. The web scale IT market value is likely to rise from USD 200 Mn in 2016 to above USD 640 Mn by 2022. The high risk involved in the mitigation of data bought by web scale IT market is noted as a major factor that can hinder the expansion of the worldwide web-scale IT market. However, the rise in concerns regarding agility of data among cloud users can prompt the support web scale IT marker. Web scale IT solutions also impact the performance of an entire business through the need to created better management platforms and curb short comings. In addition, the growing focus beyond cloud computing is also another factor that can is pressing the demand for Web scale IT, thus can boost its market growth.
High scalability and agility of stored data, low hardware investments, accessibility of enterprise data, and consistent technical assistance are few factors boosting the demand for the web scale IT market. With the rising adoption of web scale IT services, enterprises are now able to bring down costs and also elevating business critical service levels; which gives a considerable boost to the web scale IT market.
Mounting need to manage databases, surging use of broadband facilities, and the increasing dependence of organizations on the internet to conduct everyday business operations also benefit the worldwide market. Given the expanding globalization, enterprises are rapidly moving towards the cloud to cater to their data center requirements; which can boost the need for web scale IT services in the near future.
Also Read: http://www.marketwatch.com/story/agile-iot-market-eyeing-remarkable-growth-due-to-rapid-technological-advancements-agile-iot-market-size-share-opportunities-challenges-and-analysis-of-covid-19-2021-02-18
Top vendors shaping the worldwide web scale IT market are Netflix, Inc. (U.S.), Rackspace Inc. (U.S.), SimpliVity Corporation (U.S.), Google, Inc.(U.S.), Facebook, Inc. (U.S.), CloudSigma Holding AG (Switzerland), Microsoft Corporation (U.S.), VMware Inc.(U.S.), Amazon Web Services, Inc.(U.S.), Scale computing Inc.(U.S.), Nutanix Inc.(U.S.), Nexenta Systems, Inc.(U.S.), Pivot3 Inc. (U.S.), Hewlett Packard Enterprise(U.S.), CloudBees, Inc.(U.S.), IBM Corporation(U.S.), to mention a few.
As per regional analysis of MRFR, the web scale IT market in North America can hold the largest share. As the growing impact of Covid-19 is observed to impact work life, the need to achieve smoothness in the execution of operations remotely can support the expansion of the web scale IT market across the assessment period. In the US, the increase in need for effective IT facilities and the presence of a high number of reputed IT companies can boost the expansion of the web scale IT market in the North America region. In Europe, the presence of robust IT sector and the wide range of cloud services adopted by different growing enterprises and government organizations can prompt the expansion of Europe web scale IT market in the evaluation period. In the Asia Pacific region, the web scale IT market surge can be attributed to the high increase in investment made by major players of the market, such as VMware, JoyentCloud, and Rackspace in the region.
The global web scale IT market trends have been extensively studied on the basis of segments like solution, service, providers and end-user industry.
Depending on the solution, the market includes automation, self-healing software, analytics and SDDC (software-defined data center) among others.
Given the service segment, the market can be segregated into maintenance, integration and consulting.
Providers-wise, the market has been split into social networks, marketplace builder, content providers and internet service providers.
The end-users in the web scale IT market are energy & utilities, healthcare, manufacturing, media & entertainment, transportation, retail, BFSI, and logistics.