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Author: Gina Luk
Publication Date: 7月 31 2013
Pages: 13
Report Type: Insight, Word



Verizon Looks to the Clouds for Enterprise Services Growth

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Report Summary:

Verizon Communications Inc. (Verizon, VZ) is pursuing a strategy for its business and government customers on a global scale that leverages existing assets and seizes the opportunity in high growth markets including cloud, security and mobility. This is what’s behind several acquisitions including Terremark Worldwide for which Verizon paid $1.4B in 2011. Along with its telephony, IP connectivity, colocation, and managed services, Verizon’s public and private cloud computing and storage infrastructure as a service (IaaS) offerings address the needs of customers looking for a global telecom provider with enterprise-class network and data center assets and expertise and local presences bolstered by partners to handle a growing portion of their information and communication technology (ICT) needs. This Insight provides analysis and forecasts of Verizon’s business cloud services revenue that according to Strategy Analytics estimates currently contributes less than 1% of its Global Enterprise revenue.

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