Type of Article: MacTech Blog

Cloud IT infrastructure market revenue grows to $8.4 billion

According to IDC (www.idc.com), vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud, grew by 8.1% year over year to US$8.4 billion in the third quarter of 2016 (3Q16). Ethernet switch continues to be the growth leader, as the market awaits new hyperscale datacenter builds to spur additional growth.

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Smart medical devices to be worth $661 billion by 2024

Transparency Market Research (www.transparencymarketresearch.com) predicts that the leading players operating in the global smart medical devices market held a huge share of 43% in 2015. Apple, F.Hoffmann-La Roche, and Abbott Laboratories have been frontrunners in the overall market, grabbing the undivided attention of buyers with their sophisticated products, according to the research group.

High brand recognition, growing presence across geographies, and strong product portfolio is expected to keep these companies in the lead in the coming few years. 

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