SANTA CLARA, Calif., July 7, 2021
Internet of Things connected devices are expected to exceed 66 billion by 2026, finds Frost & Sullivan
SANTA CLARA, Calif., July 7, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis finds that organizations worldwide are inclined to invest in hybrid and multi-cloud information technology (IT) environments that can support users, applications, and data spread across diverse locations. As businesses recover from the impact of COVID-19, their top goals include improving efficiency, productivity, and customer experience, and are increasingly relying on data. Internet of Things (IoT) connected devices across the globe are expected to exceed 66 billion in 2026 at a compound annual growth rate (CAGR) of nearly 15% from 2017.
For further information on this analysis, Post-Pandemic Digital Transformation Creates Opportunities in Data Use and Management, please visit: http://frost.ly/5va
"Robust data management platforms are likely to be strong acquisition targets for hybrid cloud providers to integrate data management functionality into their hybrid cloud management platforms," said Karyn Price, Information and Communication Technology Research Analyst at Frost & Sullivan. "Businesses must use different infrastructures to meet the needs of a diverse set of applications, services, data, and users. For some applications or services, the stability and performance offered in a private environment will be best. In others, the flexibility offered in the cloud will best suit the needs of the application and the users that access it."
Price added: "Businesses are storing the majority of their data in facilities that they can directly control, such as an on-premises data center, in a hosted private space, or at an edge or branch location. However, data storage in the public cloud is also gaining momentum as it offers promising benefits such as scalability, poolability, and accessibility for enterprises."
Investments in technologies will drive growth opportunities in organizations undergoing digital transformation. Key findings of the 2020 Frost & Sullivan Global Cloud User Survey include:
Post-Pandemic Digital Transformation Creates Opportunities in Data Use and Management is the latest addition to Frost & Sullivan's Information and Communication Technology research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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Post-Pandemic Digital Transformation Creates Opportunities in Data Use and Management