Latest Market intelligence report released by MarketDigits with title “Global Distributed Cloud Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery” is designed covering micro level of analysis by manufacturers and key business segments. The Global Distributed Cloud Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Amazon Web Services, Microsoft Azure, Google Cloud Platform, VMware, Oracle Cloud, VeriZon Cloud, and IBM Cloud.
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Distributed Cloud Market Overview
The distributed cloud market size is projected to reach USD 5.0 Billion by 2026, from USD 1.3 Billion in 2020 growing at a CAGR of 26.4% during 2021-2026.. Factors driving the distributed cloud market include increased demand for low-cost data backup, storage and security across all industries, coupled with the need to manage data generated by increased use of mobile technologies and fostering distributed cloud adoption rates. The distributed cloud shifts the centralized model of most public cloud services to a new era in cloud computing. Furthermore, the need of high-end security and well-defined sharing are boosting the market growth during the forecast period 2020-2026.
- Data storage market held the highest market share xxx among the different services of the distributed cloud market in 2019. Low-cost data storage, faster data accessibility, adoption of cloud-based application across several industry verticals, growing concerns for data recovery & protection tends to penetrate the market growth during the forecast period.
- Banking and Financial Services is the dominant segment owing to the rising demand for agile, scalable, and cost-effective computing. Adding to this, the increasing number of digital services and their applications; and high penetration of hybrid cloud segment in the sector is enhancing the market growth.
- North America region dominated the distributed cloud market in 2019 due to high adoption of cloud services, advanced Information Technology (IT) infrastructure, presence of a large number of enterprises, and the availability of proficient technical expertise.
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Services – Segment Analysis
The Distributed Cloud market is segmented into data storage, networking, data security, autonomy, low latency and others. Among these, the market for data storage is witnessing significant growth during the forecast period 2020-2025. The demand for data storage is attributed to the digitization of the documents as the paper-work is gradually becoming increasing. Moreover, with an increase in the adoption rate of cloud computing among enterprises, the cloud storage market is expected to gain major traction during the forecast period 2020-2025.
End User – Segment Analysis
Banking and Financial Services is the dominant segment which is witnessing a significant growth rate of around 30.4% during the forecast period 2020-2025. Data Security, confidentiality, data sharing, are enhancing the market growth owing to their widespread use in BFSI. Furthermore, distributed cloud model delivers innovative customer experiences, effective collaboration thus enhancing the market growth. Agile innovation, risk mitigation, cost benefits are the three factors that were identified by the British Bankers’ Association (BBA) in 2018 for the adoption of public cloud-based services by banks. Various transactions can be scanned per second thus improving the industry’s ability to warfare financial crime, such as fraud and money laundering. Distributed cloud provides a platform for optimizing the banking operations while delivering innovative services to the customer, which is consequently boosting the demand for the distributed cloud segment for the Banking and Financial services domain.
Geography – Segment Analysis
North America dominated the Global market for Distributed Clouds. As of 2019, the region accounted for a leading share of 38.7%. The main drivers of North America’s Distributed Cloud market growth include factors such as digitization, presence of a large number of enterprises, data security, data back-up and data recovery. Furthermore, increased application of cloud computing, internet of things (IOT) and so on are enhancing the market growth. Adding to this, industrial automation, improving the services to the customers for quicker queries and others are boosting the growth of the Distributed Cloud market.
Drivers – Distributed Cloud Market
The paper work is becoming deceased and the world is rapidly moving towards digitization and this process is still going on. The significant penetration of digital systems in various industries results in the large databases. Both offline and online activities are recorded and shared in data form, forming huge datasets which include structured and unstructured data from disparate sources. The availability of cloud infrastructure has made data access easy, with governments, educational institutes, and companies now storing massive cloud datasets and easily accessing them thereby boosting the market growth.
- Data Recovery
Distributed systems involve services communicating through different machines. This is where message integrity, confidentiality and authentication is required. Distributed cloud provides the mechanism to keep the data secure and reliable. The mechanism includes encryption, authentication, authorization and auditing. Distributed system keeps the data even if the machine goes down. Therefore, the data recovery factor is analyzed to boost the market growth.
Challenges – Distributed Cloud Market
- Security concerns
Security is a big challenge in a distributed environment, especially when using public networks if proper protocols and policies are not followed. This act as constraint and hinders the growth of the distributed cloud market. In 2010, Microsoft configured an issue related to accessing of employee contact details through non authorized users of cloud services. However they fixed the issue in two hours and only a small number of employee were affected.
Partnerships and acquisitions along with product launches are the key strategies of the players in the Distributed Cloud Market. As of 2019, the market for Distributed Cloud is consolidated with the top 10 players accounting for approximately x% of the market share. The major players in the Distributed Cloud Market include IBM Corporation, Oracle Corporation, SAS Institute Inc., SAP SE, Cisco Systems, Data Artisans, TIBCO Software Inc., Informatica, Impetus Technologies and Data Torrent among others.
- In December 2019, Cubbit Cell an Italian startup involved in the building of the distributed, secure, eco-friendly cloud solutions has concluded the crowd-funding campaign and started to manufacture the product Cubbit Cell, a distributed network, where the files are encrypted, copied and distributed across various nodes, thereby helping users in taking control of the free and distributed network of the data.
- In 2019, Google Cloud and banking software company Temenos collaborated to provide financial services help assistance to organizations for running banking software and applications on Google Cloud.
The large scale Distributed Cloud Market report is a thorough and professional report that focuses on primary and secondary drivers, market share, leading segments & geographical analysis. These calculations will provide estimations about how the Distributed Cloud Market is going to perform in the forecast years by informing what the market definition, classifications, applications & engagements are. 2020 is the base year while 2019 is the historic year for calculation in the report. Being an excellent in quality, this market research report gains customer confidence and trust. The global Distributed Cloud Market research report takes into account key product developments and tracks recent acquisitions, mergers & research in the industry by the top market players.
Report on (2020-2027 Distributed Cloud Market Report) mainly covers 12 sections acutely display the global market:
Chapter 1: To describe Distributed Cloud Introduction, product scope, market overview, market opportunities, market risk, market driving force.
Chapter 2: To analyze the top manufacturers of Distributed Cloud, with sales, revenue, and price of Distributed Cloud, in 2010 and 2020.
Chapter 3: Distributed Cloud, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2020.
Chapter 4: To show the global market by regions, with sales, revenue and market share of Distributed Cloud, for each region, from 2016 Distributed Cloud to 2020.
Chapter 5, 6, 7, 8 and 9 To analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions.
Chapter 10 and 11 To show the market by type and application, with sales market share and growth rate by type, application, from 2014 Distributed Cloud to 2020.
Chapter 11 Distributed Cloud market forecast, by regions, type and application, with sales and revenue, from 2020 to 2027 Distributed Cloud.
Chapter 12: To describe Distributed Cloud sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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