in ,

TechNavio: Low-Cost Infrastructure Maintenance Need to Spur Double-Digit ITaaS Market Growth

TechNavio: Low-Cost Infrastructure Maintenance Need to Spur Double-Digit ITaaS Market Growth - top government contractors - best government contracting event

software engineeringTechNavio's new report projects the public sector's demand for low-cost infrastructure maintenance to drive a 31.0 percent compound annual growth rate of the global information technology-as-a-service market from 2014 through 2019.

The report analyzes the vendor landscape that includes tier-one market players such as Amazon Web Services, Cisco Systems, Hewlett-Packard, IBM, Microsoft and Rackspace, Technavio said Jan. 15.

Reportlinker notes that companies have been expanding their virtualization usage through the ITaaS model, which the market research vendor says comprises the software-, platform- and infrastructure-as-a-service models.

Reportlinker also cites standardization of products and services delivery, lower consumption cost and improved financial transparency as some of ITaaS' benefits.

TechNavio took account of the revenue generated from IaaS, SaaS and PaaS markets when it calculated the global ITaaS market size.

The report predicts data security issues to present market restraints.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Ross Wilkers

SGO Becomes 1st US Firm to Obtain PSC.1-2012 Mgmt Systems Certification - top government contractors - best government contracting event
SGO Becomes 1st US Firm to Obtain PSC.1-2012 Mgmt Systems Certification
TechNavio Forecasts 37.96% Global Storage Service Market CAGR in 2015-2019 - top government contractors - best government contracting event
TechNavio Forecasts 37.96% Global Storage Service Market CAGR in 2015-2019