According to a new market research report "Top 10 Cloud Technologies Market (Hybrid Cloud, Cloud Storage, Cloud Migration, Cloud Orchestration, Integration Platform As-A-Service, Disaster Recovery As-A-Service, Multi Cloud Management, Video-As-A Service, Cloud Analytics, and Wi-Fi-As-A-Service)", published by MarketsandMarkets, Cloud adoption is increasing rapidly by enterprises due to various factors such as the need for agility, on-demand scalability, flexibility, and cost effectiveness.

Browse 50 market data Tables and 70 Figures spread through 187 Pages and in-depth TOC on "Top 10 Cloud Technology Market"

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The growth of this market is propelled by the growing demand of organizations for agile, scalable, cost efficient computing; rising need of standards for interoperability between cloud services and existing systems; and increasing number of digital services and their applications. 

Multi-cloud Management Market-

Multi-cloud management market is expected to grow at the highest rate during the forecast period. The rising need for various applications is driving the adoption of multi-cloud platform amongst the end-users. Moreover, significant growth in the hybrid cloud adoption among the small and medium enterprises has opened the new opportunities for the multi-cloud management market.

Cloud Storage Market- 

The cloud storage market is expected to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8% during the forecast period.The major solutions provided by the cloud storage vendors are primary storage, disaster recovery & backup storage, cloud storage gateway, and data archiving.  However, the managed services segment is expected to grow at the highest CAGR during the forecast period. The increased adoption of hybrid cloud storage has not only helped the market grow in recent times but would also help boost the market in the next few years. The growing need for enterprise mobility for improved efficiency also played a crucial role in boosting the demand for cloud.

In 2015, Asia-Pacific (APAC) accounted for the largest share in the top 10 cloud technologies market. In addition, the presence of major industries and companies is driving the demand for the cloud market in this region. The North American region accounted for the largest share of the top 10 cloud technologies market.

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The key manufacturers in the Top 10 Cloud Technologies Market include IBM Corporation (New York, U.S.), Cisco Systems, Inc. (California, U.S.), VMware, Inc. (California, U.S.), Amazon Web Services (Washington, U.S.), Microsoft Corporation (Washington, U.S.), Oracle Corporation (California, U.S.), Hewlett Packard Enterprise Company (California, U.S.), Rackspace Hosting, Inc. (Texas, U.S.), Google, Inc. (California, U.S.), and SAP SE (Wurttemberg, Germany).

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