NEW YORK, Sept. 20, 2013 /PRNewswire/ -- Market Monitor, a service of 451 Research, projects that the Cloud-Enabling Technologies market revenue will increase at a 21% compound annual growth rate (CAGR) to reach $22.6 billion in 2016.
The recently published Market Monitor Cloud-Enabling Technologies overview report defines Cloud-Enabling Technologies as technologies that are installed, delivered and consumed on-premises. The report examines 143 vendors, segmented into three primary categories – virtualization, security, and automation and management. Cloud-Enabling Technologies, by definition, are not hosted by third parties. A report overview can be viewed here.
Full report highlights include:
"The drivers of growth are twofold," said Victoria Simons, Research Analyst, 451 Research. "Initial adoption of the cloud is driven by the need for cost reduction and more efficient computing options. As the infrastructure is virtualized, customers then need tools to manage, control and secure their IT environments to fully realize the benefits of virtual/cloud environments. We see the cloud-enabling technologies market growing strongly as large enterprises and SMBs continue along the path of flexible computing."
Leveraging 451 Research's deep insight into established cloud vendors and startups, Market Monitor employs a pure bottom-up approach, with active participation from sector analysts. The resulting forecast incorporates the unique traits, strengths and weaknesses of each market participant, and when used with in-depth qualitative research from 451 Research, Market Monitor provides a holistic view of the cloud computing marketplace. This bottom-up analysis methodology enables 451 Research to provide granular detail at the vendor and individual service level.
About Market Monitor: Cloud-Enabling Technologies
Market Monitor: Cloud-Enabling Technologies is a quantitative research service that tracks and forecasts the size and growth of the rapidly evolving server virtualization and on-premises cloud-enabling technologies marketplace. In addition to forecasting revenues over a five-year horizon, the service breaks out revenue by geographic region, company size and industry verticals. The service tracks revenue generated by server virtualization, automation and management, cloud security, and cloud platforms. The Market Monitor analyst team uses a bottom-up approach to track and project revenue for vendors operating in this marketplace.
About 451 Research
451 Research, a division of The 451 Group, is focused on the business of enterprise IT innovation. The company's analysts provide critical and timely insight into the competitive dynamics of innovation in emerging technology segments. Business value is delivered via daily concise and insightful published research, periodic deeper-dive reports, data tools, market-sizing research, analyst advisory, and conferences and events. Clients of the company – at vendor, investor, service-provider and end-user organizations – rely on 451 Research's insight to support both strategic and tactical decision-making. 451 Research is headquartered in New York, with offices in key locations, including San Francisco, Washington DC, London, Boston, Seattle and Denver.
SOURCE 451 Research