Cloud Infrastructure Services Market Insights:
Cloud infrastructure services market is likely to grow at a higher CAGR by 2023. Market Research Future Reports have presented this report. The market is proliferating year by year owing to the key factors such as initiatives by governments, and corporate those are promoting the emerging technologies, such as cloud and analytics. More factors such as increasing use of cloud technologies, such as Bring Your Own Device (BYOD), and Internet of Things (IoT) and business continuity requirements resulting in high demand for disaster recovery services are eminently driving the market to grow substantially in the forecast period.
The Cloud Infrastructure Services Market refers to an infrastructure which operated through a network or the internet. Cloud Infrastructure mainly delivery an array of services on demand through infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), cloud business process as a service (BPaaS), content delivery network (CDN) or application delivery network (ADN), managed hosting, and collocation hosting. The critical components of cloud computing include servers, memory, network switches, firewalls, applications, and storage systems. Cloud infrastructure has become an essential platform in recent time, on which several large, medium and small companies can implement digitization in the modern IT infrastructure conveniently.
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Major Key Players:
The outstanding players in the market of global cloud infrastructure services are listed as Amazon Web Service (U.S.), Microsoft (U.S.), IBM (U.S.), Google (U.S.), Salesforce (U.S.), Citric Systems (U.S.), AT&T Inc. (U.S.) Equinix (U.S.), Rackspace Inc. (U.S.), and HP (U.S.).
Cloud Infrastructure Services Market:
Cloud infrastructure services have enabled rapid business deployment and also helped in managing business and expenses in cost-effective ways. In the current time, the cloud-based revolution has attracted many large organizations, as well as SMEs, to shift from conventional on-premise deployment to cloud deployment to intensify cost saving and protect digital assets.
The employ of cloud infrastructure technology has been adopted widely in IT enterprises for not only cost related benefits but is also optimum in creating applications that become available to all devices in the network any time and in any location. This is also one of the critical factors that are driving the cloud infrastructure services market to expand exponentially in current time and is also expected to grow positively in the years to come. With this, another primary driver for the growth of the global cloud computing services market is its cost-effective services. It has been probable that an organization can easily save more than 35% of the annual cost by adopting cloud computing technology.
Thus, by observing such an immense market growth with future opportunities several vendors are providing the global cloud infrastructure services for the development of hybrid or multi-cloud, cloud disaster recovery, and serverless cloud computing in the organizations. Over the past few years, many technology leaders have increased their adoption of public cloud-based IT services, and significant vendors have augmented a large amount of investment and expenditure on cloud services. Due to these outstanding contribution of these services to the modern IT infrastructure, this has made the cloud infrastructure services market to spur tremendously over time and years to come.
Market Segmentation:
- According to reports by MRFR, the global cloud infrastructure services market has been segmented on the basis of design services, deployment, and verticals.
- Segmentation by design services, the market comprises of IaaS, PaaS, SaaS, BPaaS, content delivery network/application delivery network, managed hosting and collocation hosting.
- Segmentation by deployment, the market is segmented into public, private and hybrid.
- Segmentation by verticals, the market is segmented into BFSI, manufacturing, retail, energy, logistics, research and development, media and entertainment, education, healthcare, and others.
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Regional Outlook:
The geographical analysis of cloud infrastructure services market is studied in the regions of North America, Europe, Asia Pacific, and the rest of the world.
Currently, North America is on the leading position in the global cloud infrastructure services market owing to a boost in the adoption of cloud-based IT services and massive investments made by organizations in IT infrastructure for research and development of cloud infrastructure. Furthermore, the U.S. leads the cloud infrastructure services market owing to the incidence of significant vendors and the soaring adoption rate of cloud-based services to reduce costs for data centers and promote business continuity.
Also, Asia Pacific global cloud infrastructure services market is expected to attain the highest growth during the forecast period owing to the mounting demand for managed cloud-based infrastructure services like cloud-based enterprise resource planning (ERP) mainly in countries like China, India, and Japan.
Due to the redesigning of network and deployment of cloud-based services across various industries in these countries, there is an enhanced scope for advancement in the global cloud infrastructure services market in the years to come.
Intended Audience:
- Cloud Infrastructure Services Providers
- Cloud Service providers
- IT software platform providers
- Large, medium and small enterprises
- Web Hosting Service providers
- Storage service providers
- Enterprise Resource Software providers
- Banking and Insurance service providers
- Cloud-based research and development companies
- Cloud-based business process service providers
- Software application providers
- Network storage providers
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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List of Tables
Table1 World Population by Major Regions (2018 To 2023)
Table2 Global Cloud Infrastructure Services Market: By Country, 2018-2023
Table3 North America Cloud Infrastructure Services Market: By Country, 2018-2023
Continued….
List of Figures
Figure 1 Global Cloud Infrastructure Services Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Cloud Infrastructure Services Market
Continued….
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