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Saas and PaaS are the New Tools for Innovation in Global Cloud Management: A Technavio Report
By apacciooutlook | Monday, December 03, 2018
FREMONT, CA: Technavio, one of the global technology research and advisory companies, anticipates the growth of global cloud management for the OpenStack market at a CAGR of more than 30 percent between 2016 and 2020.
The survey market is segmented into three parts based on the geography; APAC, EMEA, and the Americas. Research shows that the market is witnessing the increasing delivery of cloud management solutions that are based on software as a service (SaaS) and platform as a service (PaaS) models to compete in the highly competitive market. Companies are coming up with innovative cloud management solutions and open-source cloud management platforms toplace themselves in a unique position. For example, HP acquired Stackato - a private PaaS cloud software company that organizes and builds applications based on open-source Cloud Foundry project from ActiveState - to extend its hybrid cloud capabilities.
Cloud Management Platforms
There is a mounting implementation of OpenStack technology by enterprises to achieve low operational costs and deployment of software. This is leading to an increasing adoption of Cloud management platforms (CMPs) to manage multi-vendor OpenStack deployments. OpenStack deployment helps users to efficiently manage cloud computing platforms, both private and public clouds, resulting in significant cost benefits. Also, this improves ROI and identifies new revenue-generating opportunities. According to the survey, the Americas dominated the global cloud management for OpenStack market in 2015 with around 65% market share.
“Adoption of SaaS, PaaS, and IaaS models is predicted to grow at a rapid pace during the forecast period. For instance, in Europe, the cloud and hosting provider market is increasingly becoming competitive. Some of the companies seek OpenStack to differentiate their business models,” says, Amit Sharma, a Lead Analyst at Technavio for research on cloud computing.