IBM has entered into an agreement with Juniper Networks (Juniper), a global leader in network technology, to strengthen its cloud portfolio. In January 2019, the global IT behemoth has announced a USD 325-million deal with Juniper to assist in managing application, infrastructure, and IT services. As part of the 7-year deal, IBM will use its IBM Services Platform with Watson to help manage Juniper’s support systems including data centers, help desks, and data and voice networks.
MarketsandMarkets™ View Point:
Balaji Sreedhar - AVP : ICT Practice – Consulting & Strategy, at MarketsandMarkets™, shares his Point of View as mentioned below:
Agile and cost-effective computing is crucial for any organization to succeed. Enterprises are leveraging the cloud model to meet business challenges that are difficult to address with traditional IT infrastructure. The cloud, particularly the hybrid cloud model, is bridging the gap between IT and businesses by improving agility and efficiency, and rapidly delivering IT resources at a low cost. It enables enterprises to extend their applications and infrastructure as required and offers services to its users with high-speed performance and high availability. The hybrid cloud provides organizations with economies of scale and security to crucial enterprise data.
MarketsandMarkets™ forecasts the global Hybrid Cloud market size to reach USD 97.65 billion by 2023 growing at a significant CAGR 17.0% during 2018–2023, owing to rapid growth in digital services and their applications. Organizations are facing difficulties due to an uneven computing environment and lack of appropriate technologies, and the cloud environment is expected to help organizations in addressing these challenges and facilitate digital transformation effectively. Enterprises have been focusing on the cloud technology to enable digital business transformation and improve business continuity.
The collaboration between IBM and Juniper is expected to generate more value from their existing infrastructure and help manage their strategic services effectively. The deal would also help IBM in enhancing its position in the highly competitive cloud market, as major rivals such as Amazon Web Services (AWS), Google Cloud, and Microsoft Azure are making headlines with their initiatives in the global retail industry.