Press Releases

Accelerating demand around hybrid IT creation and optimization will expand the cloud components market to an estimated $41B by 2021

HAMPTON, N.H. (March 2, 2017) — According to Technology Business Research, Inc.’s (TBR) Cloud Components Market Forecast 2016-2021 and 3Q16 Cloud Components Benchmark, ongoing customer build-outs of hybrid environments, including on-premises and “as a Service”-delivered IT infrastructure resources, is fueling cloud components growth as IT vendors leverage legacy strengths and modernized hardware and software portfolios to support growing needs for agility, security and simplicity. TBR projects the cloud components market, which encompasses the foundational building blocks for on-premises cloud environments, will grow from an estimated $27 billion in 2016 to $41 billion in 2021 at an 8.4% CAGR.

Back to top