New York, NY -- (SBWire) -- 07/11/2019 --Cloud IT infrastructure hardware is present in all the three cloud computing models – infrastructure as a service, platform as a service and software as a service. Companies either purchase these cloud IT infrastructure hardware or take them on rent from various cloud infrastructure vendors. Usually when the cloud IT infrastructure is taken on rent there is a fixed subscription fee that the subscriber needs to pay to the vendor. Whereas, if the business purchases cloud IT infrastructure hardware, they usually purchase it on pay-per-use pricing model. According to this pricing model the users need to pay only for the services consumed which is calculated on an hourly, weekly or monthly basis.

Enterprises that are technically sound, can even build their own cloud IT infrastructure hardware, rather than purchasing it or taking it on rent from a third-party vendor. This enables companies to take up more ownership of the resources that they are investing in; which is an emerging trend in the cloud IT infrastructure hardware market.

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Cloud IT Infrastructure Hardware Market: Drivers and Challenges

Cloud IT infrastructure hardware market has gained importance in the recent past due to companies investing a significant portion of their annual budget on spending's on information and communication technologies. Also, with the emergence of big data and analytics, enterprises across numerous verticals are realizing the importance of being digitally sound, which is leading them to invest into cloud IT infrastructure hardware. In addition to this, with the availability of different models of cloud deployment – public, private, and hybrid; companies can select a plan as per their requirements, which is another driving factor for the cloud IT infrastructure hardware market.

Cloud IT Infrastructure Hardware Market: Segmentation

Segmentation on the basis of component:

Server

Storage Systems

Network Devices

Segmentation on the basis of end-user:

Cloud Service Provider

Third Party Data Center Provider

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Cloud IT Infrastructure Hardware Market: Companies

Few of the market players in cloud IT infrastructure hardware market are: IBM Corporation, Hewlett-Packard Enterprise, Cisco Systems, Inc., Dell, Inc., EMC Corporation, Lenovo Group Ltd. and NetApp, Inc.