Market Research Future (MRFR) reveals in its new report that the global market for web scale IT had touched a valuation of USD 200 Million in 2016 and can be worth USD640 Million by 2022. The market shows a lot of promise and is estimated to gain traction at a rate of 17% during the forecast period (2015-2022).
Market Boosters and Key Barriers
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.
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.
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.
All the aspects and latest trends in the web scale IT market have been analyzed, with respect to regions like Asia Pacific (APAC), Europe, North America, and Rest of the World (ROW).
North America steals the limelight by seizing the largest share in the global web scale IT market, owing to the thriving IT sector coupled with the high adoption rate of cloud services backed by rising number of enterprises. Mounting use of private cloud solutions for data backup as well as recovery is also believed to be inducing the growth of the market in the region.
APAC is a highly promising market for web scale IT and can attain a strong growth rate during the estimated period. The surging investment made by renowned players like Rackspace, VMware and JoyentCloud adds to the strength of the regional market. On top of that, the mushrooming IT sector in developing economies like India and China also induce market growth in the region. Rapid surge in social media utilization paired with rising awareness about web scale IT is poised to favor the regional market in the coming years. Apart from this, the region is inundated with prominent players that are focusing on developing top-quality, dependable web-scale IT solutions, which also helps with the market growth.
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.