Industry News

Huawei Technologies plans to expand its cloud computing market

China: The smartphone and telecom-networking gear manufacturer, Huawei Technologies is aiming to grow its cloud computing market in Europe, Africa and Russia, where the company’s wireless networks are being used already.  

For supplying the servers and other data centre related equipment, the company is taking on Dell Inc., Hewlett Packard Enterprises as well as Cisco Systems, by adopting the strategy of competitive pricing as well as high R&D investments, which it used for expanding its telecom and smartphone equipment sales.

Further, the Deputy Chairman of the company, Guo Ping, stated that the company has decided to spend around US$ 1 billion of its R&D budget on the data centres related operating systems and equipment, every year. 

The company will also look forward to build its own cloud platforms for delivering the customized software and equipment for the private data centres.  

TechSci Research depicts that the expansion of company’s cloud computing business will make the information storage and access to applications more easy for the consumers and businesses of the company.

According to the recent report published by TechSci Research, “Global Cloud Computing Service Market Outlook 2014”, the global cloud computing services market is anticipated to witness phenomenal growth in coming years. Cloud computing services have witnessed phenomenal growth in recent years, driven mainly by the cost-effective solutions it offers to complex business demands. The cloud architecture allows existing in-house IT infrastructure to seamlessly interface with multiple service providers. In addition, cloud computing provides organizations the ability to work in a highly competitive business environment by retrieving IT resources from remote locations with minimal integration issues related to compatibility.

Relevant Reports

United States AI in Agriculture Market By Technology (Machine Learning, Predictive Analytics and Computer Vision), By Offering (Hardware, Software and AI-As-A-Service), By Application (Precision Farming, Livestock Monitoring, Agriculture Robots, Drone and Others), By Region, Competition, Forecast & Opportunities,

Agriculture | Apr, 2024

Increasing need for precision agriculture and advancements in sensor technologies & IoT integration is expected to drive the United States AI in Agriculture Market growth in the forecast period, 2025-2029.

Relevant News