Cloud computing is an emerging technology in the IT industry for the sharing of resources in order to achieve higher utilization of IT resources. Companies are adopting new technologies, such as internet of things (IoT), artificial intelligence, and mobile app hosting, in order to streamline the development and networking process. Cloud computing offers internet services to any employee of a company with high scale computing power. Cloud networking is a term that describes the centralized access of all networking resources by using wide area networking.
In organizations, there different applications run on a server, such as network management, virtual desktop, voice over internet protocol (VoIP), and unified network. Managed cloud networking platform offers security and privacy in data transmission and it also provides the high availability of data that is accessible to users all the time. Managed cloud platform allows enterprises to shift their entire network process on cloud computing in order to maintain the network performance on cloud networking. Enterprises are expected to adopt private cloud and public cloud platform to improve their data transmission and performance of communication network. Several companies are offering a managed cloud platform for development, deployment, and management of applications.
COVID-19 Scenario Analysis:
The biggest story for the data centre sector amid the COVID-19 lockdowns has been strong demand for providers offering essential services, such as video conferencing apps like Zoom, cloud collaboration platforms, social media platforms, educational portals, VPN specialists, and gaming and streaming media.
At the other end of the spectrum, COVID-19 brought a drastic drop in business for industries, including transportation, retail, and small businesses. The energy sector has been hit hard by the combination of the pandemic and sharply lower oil prices.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The rise in demand for cloud networking in order to improve productivity and simplify the deployment of the application is projected to drive the cloud managed networking market. Managed cloud networking platform simplifies networking by reducing complexity and cost of distributed deployments of organization. Cloud networking creates an opportunity for companies to reduce capital expenses on IT networking resources.
However, all data transmitted on cloud network is likely to pose a threat of confidential information leakage, security, and privacy issues for companies. This, in turn, is expected to restrain the cloud managed networking market. Several solution providers create opportunities by offering services to developers to create, run, manage, and deploy applications for both on-premises and public cloud environment. Companies are expected to adopt managed cloud platform with advanced features such as hosting, elastic computing, relational database (SQL), object storage, and artificial intelligence. These features are expected to set a new trend in cloud computing application.
Key Benefits of Report:
This study presents the analytical depiction of the industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cloud managed networking market share.
The current market is quantitatively analyzed to highlight the cloud managed networking market growth scenario.
The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in Cloud Managed Networking Market Report:
Which are the leading market players active in the market?
What would be the detailed impact of COVID-19 on the cloud managed networking market?
What current trends would influence the cloud managed networking market in the next few years?
What are the driving factors, restraints, and opportunities in the cloud managed networking market?
What are the projections for the future that would help in taking further strategic steps?
Cloud Managed Networking Market Report Highlights
By Deployment Type
By Enterprise Size
By Industry Vertical
Key Market Players
Huawei Technologies, NTT Data Corporation., International Business Machines Corporation, Cisco Systems, Inc., Fujitsu Ltd., Interoute Communications Limited, Ericsson, NEC Corporation, Accenture plc, Aerohive Networks, Inc., Alcatel-Lucent S.A., NETGEAR, Inc.