Numerous factors such as enhanced security, improved performance, efficiency and capability of the cloud and driven by the global market pressure surrounding security are some of the key driving factors for the growth of cloud enablement market. Moreover, increased digitalization and hybrid cloud for data modernization and extension are some of the factors which is also expected to fuel the growth of the market.
However, operational and security risk may hinder the growth of the market. Furthermore, growing digitalization with cloud technology among the industrial vertical to monitor the generated data is expected to create lucrative growth opportunities for the market.
Cloud enablement offers services like consulting & advisory, design & architecture, engineering & delivery, operations & governance, cloud management & security, workload migration, disaster recovery and DevOps services in addition to the micro service-based solutions which in turn helps you to reduce operational cost as it cuts all the infrastructure and management cost.
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In addition to this, cloud enablement also helps to develop cloud native architectures in order to facilitate workload probability across cloud platforms. Boosts the growth of cloud enablement market globally.
Major key players of global cloud enablement market has launched cloud enablement product. It is designed to provide scalability, agility and reduced time and thus driving the organizations to invest in cloud platforms. These products are managing cloud and hybrid multi cloud solution which offers visibility and also control over cost and productivity improving the resource efficiency.
Also increasing use emerging technology such as artificial intelligence and machine learning result in increasing the need of huge data management in industrial vertical which is easily possible by the cloud enablement Thus, launching of these products is expected to bring numerous opportunities for the market.
Impact of COVID-19 on Cloud Enablement Market:
- The emergence of COVID-19 pandemic has severely affected almost all industries across the globe. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. This, has led to delay in supply of electronic components required in manufacturing of the network equipment.
- Companies have continued to expand cloud services and application development service during the pandemic. Before the pandemic took hold, various organizations were providing manual release of applications to customers.
- New learnings among companies with respect to work-from-home (WFH) and data accessibility during the lockdown period has resulted in increasing enquiries for space and services at data centers and this trend is expected to create opportunities in for the market during the forecast period.
- There is an increase in use of automation and even after situation returns to ‘normal’, the work style will continue to be data center-driven, with demand growth for higher penetration of e-commerce, digital payments, and widespread deployment of Big Data, apart from policy level push for automation.
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