The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions.
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Market Overview
Market Research Future (MRFR), in its latest “Cloud Infrastructure Services Market” report, is discuses growth and limiting factors of the market that provide reliable insights for investors to strategize their long-term and immediate revenue generation. MRFR findings reveal that the global cloud infrastructure services market is expected to strike a lucrative CAGR and generate substantial income by 2023. Diversification in cloud infrastructure services, such as IaaS, SaaS, PaaS, and others, owing to the rising demand for effective solutions to mitigate complexities of IT operations are expected to promote the cloud infrastructure services market 2020. Over the past years, a surge in the deployment of cloud services has been deployed to simplify IT procedures. In recent times, the trend is likely to continue owing to the mounting complexities of the IT sector.
Segmental Outline
The segmental study of the global cloud infrastructure services market is based on deployment, design services, and verticals.
The design services-based segments of the cloud infrastructure services market are IaaS, content delivery network or application delivery network, PaaS, managed hosting, SaaS, colocation hosting, and PaaS. The growing adoption of SaaS to add momentum to the emerging cloud infrastructure services market.
The deployment-based segments of the cloud infrastructure services market are hybrid, public, and private. The hybrid segment is likely to generate substantial income for the market.
The vertical-based, cloud infrastructure services market segments are BFSI, energy, retail, manufacturing, healthcare, media & entertainment, education, research & development, logistics, and others. The BFSI segment, followed by research & development, likely to experience rapid expansion.
Regional Outlook
North America is expected to register the superior position in the global cloud infrastructure services market in the review period. Early deployment of latest technologies and the existence of improved technical base are factors that are expected to impel the North America cloud infrastructure services market. The presence of large number of IT companies in the US that are extensively using cloud services is likely to propel the cloud infrastructure services market in North America.
In Europe, increase in research and developmental undertakings are promoting launch of new products, which in turn is expected to gain substantial traction owing to better quality services. Thus, the EU cloud infrastructure service market is expected to experience surge in the foreseeable future. The increase in the regional market size can be attributed to presence of firm technical base and the strong economic backbone of the market.
In Asia Pacific, increased initiatives by governments of the region regarding smart cities is creating enormous growth opportunity for the APAC cloud infrastructure services market. Economies of the APAC observed to attract business outsourcing of international players and hence, are actively deploying cloud-based services. In addition, the growing number of IT companies are adopting modern technologies for the disposal of superior quality services.
Competitive Dashboard
MRFR’s list of major players of the cloud infrastructure services market are Amazon Web Service (U.S.), Microsoft (U.S.), Rackspace Inc. (U.S.), Google (U.S.), Salesforce (U.S.), IBM (U.S.), Citric Systems (U.S.), HP (U.S.) and AT&T Inc. (U.S.). The report details the financial status, past contributions and their impact on the market, and ongoing trends on which the global cloud infrastructure market can capitalize. Market player insights aid investors to make rational decision and strategize revenue generation. Launch of new products is an effective income method that are adopted by these companies. To illustrate, in May 2019, eG Enterprise, a business solution provider, launched 100% SaaS-based automated eG Enterprise cloud monitoring services. It is gaining high traction across enterprises due to its benefits. Thus, investment in innovations is likely to favor the worldwide cloud infrastructure service market.
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Global Cloud Infrastructure Services Market valued at US$ 33.73 Bn in 2018 and is expected to reach US$ 89.47 Bn by 2026, at a CAGR of 14.95% during a forecast period.Major development drivers for the market include low costs, flexibility, scalability, and security.
The cloud infrastructure service contributions provide faster Time-to-Market (TTM) and quick application development and running processes into cloud infrastructure service market.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Based on Service Type the disaster retrieval and backup as a service section is probable to grow at the highest CAGR during the estimate period, where the storage as a service segment is projected to hold the largest market size in 2018.
The cloud infrastructure services have developed a central part of occupational processes, owing to their ease of use, low operating costs, and flexibility.Based on deployment models, the public cloud deployment model is projected to hold the largest market size in 2018.
The compensations of using the public cloud include the simplicity and ease of deployment.
The public cloud offers scalability, reliability, flexibility, utility style costing, and location individuality services.Administrations increasing investments digital transformation creativities increased consciousness among initiatives about the benefits of cloud skills and business steadiness requirements resulting in a high demand for cloud storage disaster recovery and backup services are main development factors for the market.
Still, stringent administration rules and regulations, limited bandwidth providers, and lack of access to high-speed internet may touch the market growth.The need for scalable infrastructure by many initiatives to increase their business operations and customer base also propels the market development.The opposition among market players is increasing, organizations are observing for more progressive business models to reduce their time to market and swapping to cloud infrastructure to improve the business agility.Geographically,North America is projected to hold the largest market size in 2018, while Asia Pacific (APAC) is probable to grow at the highest CAGR during the estimate period.
Market OverviewThe virtualization of infrastructure on the cloud has picked up the pace, thus driving the cloud infrastructure services market 2020.
The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.
On the basis of design services, the cloud infrastructure services market is segmented into SaaS, content delivery network/application delivery network, PaaS, managed hosting, IaaS, and colocation hosting.
The vertical-based segmentation of the cloud infrastructure services market consists of BFSI, research and development, logistics manufacturing, retail, energy, education, healthcare, media and entertainment, and others.
Based on the regions, the cloud infrastructure services market consists of Europe, Asia Pacific, North America, and the rest of the regions.Detailed Regional Analysis The regional investigation of the cloud infrastructure services market encompasses regions such as Europe, Asia Pacific, North America, and the rest of the regions.
Presently, the North American region is leading the cloud infrastructure services market stake due to the boost in the implementation of cloud-based IT services and substantial investments by groups in IT infrastructure in research & development of cloud infrastructure.
According to a research report "Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global cloud infrastructure services market size is expected to grow from USD 73.0 billion in 2019 to USD 166.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period.
The key growth factors for the market include governments’ increasing investments in new digital transformation initiatives, such as cloud and analytics; an increased awareness among enterprises about the benefits of cloud and its technologies and Internet of Things (IoT); and business continuity requirements resulting in high demand for cloud storage, disaster recovery, and backup services.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116511247Storage as a service segment to hold the largest market size during the forecast periodEnterprises that lack the budget to implement and maintain their storage infrastructure or hardware generally avail this service.
The public cloud is based on the cloud computing model, which shares resources (such as CPU, servers, and racks) among various businesses depending on its demand.
Public cloud-based solutions require less physical setup and low maintenance, and provides 24/7 accessibility from any time, anywhere.
Due to various benefits of public cloud, such as scalability, reliability, flexibility, utility-style costing, and location independence services, public cloud-based deployments are expected to record a high growth rate.Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the largest market sizeBFSI companies need to respond to varying market conditions for service variations and different consumer behavior.
The cloud infrastructure services is transforming the BFSI vertical by empowering enterprises with increased speed-to-market.
The global Cloud Infrastructure Services market was valued at USD 65.80 billion in 2021 and is expected to reach USD 190.87 billion by the year 2027, at a CAGR of 16.60%.Global Cloud Infrastructure Service Market Report provides a deep insight into the market 2021, covering all its essential aspects.
This spans from an economic science summary of the worldwide market to the minute small details of the business performance, recent trends, key market drivers and challenges, Porter’s 5 forces analysis, SWOT analysis, price chain analysis, etc.
Cloud Infrastructure is a combination of many components each integrated into one another with a single architecture that is supporting the business operations.
- Identify potentially strong product portfolios emerging players and create effective response strategies to gain a competitive edge.
- In-depth analysis of the product's current development phase, area, and expected release date.The analysis also divides the Cloud Infrastructure Service Market on the Service Type:Computer as a Service, Storage as a Service, Disaster Recovery and Backup as a Service, Networking as a Service, Desktop as a Service, Managed HostingValue and supply chain analysis are some core indicators of Cloud Infrastructure Service market growth discussed in the report.
The report comprehensively covers the Product, Application, and the regional segment analysis.
