Reduced operating costs, worldwide mobility, availability & reliability, and easy installation of cloud computing drive growth of the Cloud Computing Stack Layers Market. As the cloud computing stack layers industry is growing, cloud technology solutions are using latest advancements for technologies so the services and shared resources can be operated remotely, as many business and personal work relies on these services and most importantly these services are easily accessible and easily installable.
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Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services), which can be rapidly provisioned and released with minimal management effort or service provider interaction. There are three different types of cloud computing stack layers services, namely, Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS). SaaS applications are designed for end-users and delivered over the web. PaaS is a set of tools and services designed to make coding and deploying those applications quick and efficient.
IaaS is a hardware and software that boosts productivity of servers, storage, networks, and operating systems. Cloud computing is a general term that describes a variety of services from IaaS at the base, through PaaS as a development tool to SaaS replacing on-premises applications. Understanding these differences is critical for an organization considering moving to cloud to ensure cost and performance alignment with organizational goals. SaaS is a software deployed over the internet. PaaS is similar to SaaS except that, rather than being software delivered over the web, it is a platform for creation of software delivered over the web.
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Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in the cloud computing stack layers market analysis are Amazon Web Services Inc., Avaya Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, OVHcloud, Rackspace Inc., Salesforce.com Inc., SAP SE
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COVID-19 Scenario Analysis:
- As many employees are transitioning to remote working, there is a sudden surge in demand for collaboration solutions for better interaction among employees after shifting business on cloud platform. Microsoft announced that it now has 44 million users of the teams platform globally, owing to high demand for collaboration solutions. Such solutions are expected to possibly impact the cloud computing stack layers market.
- Demand for online shopping and video streaming is on the rise as people are self-isolating in their homes either as a precaution or on government command. This drives an increase in spending on IaaS as retailers, broadcasters, and government gateways offering stimulus packages for businesses and professionals are scaling up their e-commerce and front-end platforms to deal with demand.
- PaaS investments are likely to be more in healthcare, pharmaceutical, and academic sector and these organizations are part of the COVID response needs, as there is a need to digitally transform traditional business to interact with employees, customers, and partners.
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