Market Overview

Cloud computing is the distributed computing on a network along with the capability to run an application or program on numerous connected computers at the same time. It specially refers to computing hardware device or group of computing hardware devices connected via communication network such as an intranet, internet, wide area network (WAN) or local area network (LAN). Individual user or users who have authorization to access the server can utilize the server's processing power for their individual computing requirements such as to store data, run an application and any other computing requirement.

The cloud focuses on make the most of the efficacy of the shared resources. Cloud resources are typically shared by manifold users and also dynamically reallocated as per demand. Cloud technology and solution is becoming increasingly vital to telecommunications service providers as they commence to employ virtualization of network functions. Several end-use industries employ cloud technology and solutions such as banking, financial services and insurance, energy, healthcare, transportation, government, telecommunication and media and entertainment and others.

Various types of cloud equipments include networking Infrastructure, storage and servers. Different types of cloud deployment public cloud, private cloud, and hybrid cloud. Extensive adoption of cloud services, mainly public cloud services, is fuelling the demand of cloud equipment amongst cloud based IT service providers. North America is the major market for the cloud equipments followed by Europe. North America is expected to lead the global market over the forecast period.

Hewlett-Packard Company, IBM Corporation, Dell Inc., Cisco Systems, Inc., Oracle are some of the leading cloud equipment vendors. Other players in the cloud equipment market include EMC Corporation, VMware Inc., CTERA Networks Ltd., Hitachi Ltd., Promise Technology USA, Emulex Corporation, Quanta Computer and Riverbed Technology among others.