Global Web Scale IT Market To Grow 21% In 5 Years
Companies are increasingly adopting cloud services to significantly reduce infrastructure cost and focusing on their core competencies. However, there are a few concerns faced by cloud users in relation to integrations and agility of the data. This affects the performance of the entire business. The need to go beyond cloud computing herefore, has brought up demand for Web scale IT in the market.
Infoholic Research LLP, a global ICT market research and consulting organization, has published a study titled “Web Scale IT - Global Market Drivers, Opportunities, Trends, and Forecasts, 2016-2022.” Infoholic Research forecasts that Web Scale IT is set to change the environment of datacenters and will become a necessity for large enterprises. The research predicts that the Web Scale IT market is expected to grow at a CAGR of 21.1% during the period 2016-2022.
“Web Scale IT is a niche market offering a lot of opportunities for datacenter players and empowering their decision flexibility. Software providers like IBM, Cisco, and Microsoft will invest heavily in Web Scale in the next four to five years,” said Preeti Wadhwani, Senior Research Analyst at Infoholic Research.
Research says that usage of Web Scale IT will have a huge impact on operational investment with an increase in workload reliability. Web Scale IT allows an organization to customize its own architecture and design according to the changing demands. In addition, an increase in scalability of stored data over servers, less investment in hardware and accessibility to large amounts of data will continue to drive the market revenue.
“The combination of automation, analytics, healing system and software defined has made enterprises more agile and adaptable to infrastructures required to capitalize on new business opportunities. IT & Telecom and Media & Entertainment are the two key industries in the race of efficient utilization of Web Scale IT and are expected to be more profitable in the near future,” said Tariq Shaik from Research Operations of Infoholic Research.
According to the study, a major share of Web Scale IT revenue comes from Telecom & IT (21.5%), followed by Media & Entertainment (18.0%) and Retail (9.8%). The growth in the verticals has led to the overall growth of Web Scale IT market with the Transportation market predicted to reach $81.4 million by 2022 from $28.9 million in 2016, at a CAGR of 18.8%.
On analyzing the market by solutions, a major share of Web Scale IT revenue comes from Software-Defined Data Center (SDDC), followed by healing software and analytics. The growth in the solutions market has led to the overall growth of Web Scale IT market with the healing software market predicted to reach $139.8 million by 2022, at a CAGR of 22%.
Another research by Persistence Market Research done earlier this month explained that increased agility and scalability of stored data over servers, lesser hardware investments, worldwide accessibility of enterprise data, and continuous technical support are some of the key factors driving the web scale IT market. Further, the provision of modifications in web scale IT with respect to data collected and method of collection is aiding the growth of this market. Web scale IT permits an enterprise to customize architecture and process according to its need.
However, there is risk in migrating sensitive data from traditional to new cloud approaches which is one of the factors keeping the organizations from transitioning to cloud, said the research. This poses a challenge to the growth of web scale IT market. Smaller enterprises are hesitant in implementation of these services, which is another factor restraining the growth of this market. Moreover, the threat of losing confidential data and performance of storage infrastructure are some chronic issues in this market slowing down the market evolution.
North America and Europe have the largest cloud services market hence the opportunity for web scale IT in these regions is high. Asia Pacific is anticipated grow rapidly in coming years in terms of adoption of web scale IT, as the cloud providers are preparing to expand their reach in this region, it said.
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