According to the report, the global IBM Bluemix services market will continue to be influenced by the increasing adoption of IBM Bluemix services across a wide range of end-users such as BFSI, IT & telecom, healthcare, media & entertainment, among others. Asia Pacific region is projected to be at the forefront of global demand, with the market in the region expanding at a CAGR above 26%during the forecast period.
Watson segment to expand at a rapid pace throughout the forecast period
The global IBM Bluemix services market can be segmented based on application type into DevOps, application services, analytics, Watson, mobile, IoT, and others. These different applications of IBM Bluemix services have several benefits associated with them, which promotes their usage. For instance, DevOps services focuses on reduction of the downtime of redeploying applications so they are increasingly used for development of applications. The Watson segment is expected to expand rapidly as it allows the successful integration of powerful AI into applications developed by developers. Furthermore, IBM is introducing several services in the Watson and AI segments in order to stay ahead in the PaaS space. In January 2018, IBM announced a partnership with Mendix, a low code software platform. The partnership is expected to bring Mendix’s services to the IBM cloud, and the company plans to integrate them with its own tools. Through this move, IBM hopes to attract more users to its portfolio.
In terms of end-user, the IBM Bluemix services market can be segmented into BFSI, IT & telecom, healthcare, retail, federal, media and entertainment, and others. The BFSI segment is expected to hold a significant market share, owing to the advent of emerging innovations in the portfolio of IBM Bluemix services. The healthcare segment is anticipated to expand at a CAGR of 24.89% during the forecast period owing to the efficient output generation from IBM Bluemix services that are being used by the healthcare sector.
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Public Segment is expected to expand rapidly over the forecast period
Based on deployment model, the IBM Bluemix services market can be segmented into dedicated, public, and private. The public segment is expected to hold a dominant share of the market and is anticipated to be a rapidly expanding segment. This is because the public deployment model offers nearly all functionalities with reduced cost, flexibility, scalability, and better deployment. Furthermore, the public deployment model is cheaper to use, which can be attractive to small scale industries and start-ups.
North America is expected to continue to hold significant share in the overall market
North America is expected to hold a prominent share of the IBM Bluemix services market during the forecast period. This is mainly due to the booming IBM Bluemix services marketplace with the presence of well-established partners of IBM Bluemix across the region. Furthermore, North America is witnessing significant adoption of IBM Bluemix services by the continuously expanding IT industry.
This research study on the global IBM Bluemix Servicesmarket provides a detailed cross-segment and cross-country analysis based on the different segments including application type, end-user, and deployment. Based on the application type, the market is segmented into DevOps, application services, analytics, Watson, mobile, IoT, and others.Based on end-user, the market is segmented intoBFSI, IT & telecom, healthcare, retail, federal, media and entertainment, and others. Furthermore, based on deployment model, the market is divided intodedicated, public, and private.
Global IBM Bluemix Services Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also helpdevelop the analysis team’s market expertise and understanding.