May 12, 2016 | Written by: Matthew Wilson
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A recent UBS survey of corporate information technology executives found that the biggest players in the cloud market, including IBM, will continue to grow.
“Cloud is not a winner-take-all market,” the report stated, noting that IBM will “hold its own” and is among the top four cloud providers. In particular, IBM is strong in the arena of platform as a service (PaaS), which involves the development of applications that run on a cloud infrastructure.
SoftLayer infrastructure is a major part of the strength of IBM in cloud, the UBS report states.
Also of note was executives’ expectations that the cost of cloud services will moderate over time.
For more information about the UBS report, read the full story at Investor’s Business Daily.