CloudJumper Follows Growth In WaaS Market
The company’s 2016 revenue metrics rose 80%.
CloudJumper has announced that the company has reached several high achieving marks at the conclusion of 2016 as partners and end customers transition to its nWorkSpace cloud-based WaaS solution. The company’s strong performance reflects the growth trend in the market, and is supported by operational achievements, traction in the channel, and user demand for the CloudJumper WaaS solution that cloud-enables company desktops, laptops, tablets, and smartphones.
CloudJumper’s growth in 2016 stems from the success that many MSPs, CSPs, ISVs, telcos, and agents had in deploying hosted desktops, applications, and complete IT workspaces based on the company’s nWorkSpace platform. Without CloudJumper, IT service providers are required to manually configure such solutions, leading to lengthy installations, unreliable service, and delayed time to revenue. With CloudJumper, partners have a turn-key solution that allows them fast entry into the high growth WaaS market.
According to Transparency Research, “The global WaaS market was worth US$7.47 billion and registered a 12.10% CAGR in 2015. However, the market is anticipated to reach a value of US$18.37 billion by the end of 2022 for a net increase of 13.72% CAGR. The virtual workplace has been one of the latest trends in the IT sector which has rapidly changed the work culture and business environment across the globe. Workspace as a service solutions aid in boosting the productivity of the employees as they can access their desktops as well as all of the critical data and applications, regardless of location.”
In addition to year-over-year revenue growth of 80% this year, CloudJumper also made strides in other areas of the business. In 2016, the company has seen an increase in the number of channel partners by 100% to nearly 1,000 partners. The CloudJumper partner ecosystem is made up primarily of managed service providers (MSPs) as a result of the work CloudJumper has conducted with outreach and events. Additionally, CloudJumper has experienced a 59% increase in the number of end-customer seats deployed by partners with 26% of current customers transitioning to the latest generation nWorkSpace WaaS platform since May, 2016. Over the past two years, the number of active customers managed by CloudJumper partners has risen 350%.
The outlook for WaaS over the next three years will remain strong according to analysts. This is due to several factors, including the forward-thinking trend of unified device management. When mobile devices and cloud-based infrastructure are integrated in a cloud-based workspace, governance can become fractured. nWorkSpace helps to position partner infrastructure into unified/proactive service to enable digital transformation. In this way, the solution reduces complexity compared to earlier on-premise environments or legacy virtual workspaces. Second, the reliability of nWorkSpace makes it ideal for the always-on business environment with desktop access from a multitude of devices, including PCs, Macs, laptops, tablets, and smartphones. Finally, nWorkSpace offers an unbeatable value with a feature-rich business application portfolio and cloud storage on-demand.
“CloudJumper partners have responded favorably to our comprehensive and easy-to-integrate platform as it speeds the journey for partners and customers toward the cloud,” said JD Helms, president, CloudJumper. “With our unique brand of integration, we are expanding the window of opportunity to all of our partners and we expect to see robust sales performance throughout 2017.”