The global market for cloud equipment is expected to rise to $33 billion in 2011, a new market report claims.
According to the Cloud Market Share Report released by Synergy Research Group, in the first half of 2011, the maker for cloud equipment generated $17 billion in sales, as reported by CloudPro.
The company said that market for equipment for private cloud platforms was increasing by 30 percent annually while equipment for public cloud networks had 56 percent increase in equipment sending during the first half of 2011.
"Cloud unleashes the power of utility computing that has never been seen before and it becomes a game changer when matched with advanced communications and applications," said Jeremy Duke, Founder & Chief Analyst, Synergy Research Group.
"From small start ups being able to access massive scale computing facilities to new cloud-based consumer services, cloud will continue to open up a wealth of opportunities for innovation," he said.
Meanwhile, Cisco was the dominant networking infrastructure supplier for cloud computing with a market share of around 50 percent. HP and IBM had a combined market share of 50 percent in virtual computing while Dell, NetApp and HP had a combined share of 50 percent in the cloud based storage market.