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Cloud services market climbs 28.6% to USD 63.2 bln in H1

The worldwide public cloud services market grew 28.6% year over year in the first half of 2017 (1H17) with revenues totaling $63.2 billion, according to new results from the International Data Corporation (IDC) Worldwide Semiannual Public Cloud Services Tracker While stronger than expected growth was seen across all regions, Asia/Pacific saw the highest regional growth at 38.9% and Asia/Pacific now represents…

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Managed Services Market Worth 257.84 Billion USD by 2022

Growing IT infrastructure of enterprises and growing number of compliances are the driving factors for managed services market. Moreover, increase in the adoption rate of cloud deployment among Small and Medium-sized Enterprises (SMEs), have led to the adoption of managed services. The Managed service providers empower the enterprises by managing their IT resources while they focus on their strategic business…

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Huawei growth is expected to slow in 2017 due to the challenges facing the telecom industry and cut in telecom Capex

China base telecom equipment maker Huawei is facing slowing revenue growth due to cut in Capex in China Mobile, China Unicom and China Telecom. Huawei will also be impacted by reduction in Capex by telecom operators in other telecom markets, said TBR report. According to TBR, vendors are pursuing one of two strategies to weather the impact of lower telecom operator…

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Platform as a Service Market is Estimated to Reach USD 12 billion by 2022 with 26% of CAGR

Platform as a service (PaaS) is the solution of cloud computing which offers a computing platform with an environment to deploy applications and services over the internet. The PaaS model enable users to create software applications quickly and easily by the use of tools delivered by the cloud provider. The PaaS provides various benefits to software development companies such as…

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