Rise in Adoption of Digital Business Strategies Anticipate to Drive Cloud Infrastructure Services Market over the Forecast Period: Ken Research
Cloud infrastructure includes hardware and software components associated to storage, servers, networking, and virtualizations. It also includes concept of software which virtualizes the resources and presents them to operate a programmatic manner. It also empowers company or organizations to manage the traditional data by an open private cloud deployment model. Organizations also delivers cloud constructed with cohesive infrastructure-as-a service (IaaS) in order to help with new technologies, investments, and upgrade to the improved capture and position them in to improve the manageability.
According to study, “Cloud Infrastructure Services Market Size study, by Service Type (Compute as A Service, Storage as A Service, Disaster Recovery and Backup as A Service, Networking as A Service, Desktop as A Service, Managed Hosting), by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), by Vertical (BFSI, It and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others) and Regional Forecasts 2018-2025” the key companies operating in the cloud infrastructure services market are Digitalocean, Oracle, Centurylink, AWS (Amazon Web Services), Alibaba Cloud, Microsoft, Joyent, Navisite, Google, Dimension Data, IBM Corp., Vmware, Skytap, Verizon, Tencent, Virtustream, Rackspace, NEC, ProfitBricks, AT & T, OVH, Fujitsu, Interoute, Bluelock, DXC Technology.
Based on service type, cloud infrastructure services market is segmented into storage as a service, compute as a service, networking as a service, managed hosting, disaster recovery and backup as a service and desktop as a service. Based on deployment model, market is segmented into private cloud, public cloud and hybrid cloud. The hybrid cloud deployment mode is likely to grow at the highest rate, as it provides the benefits of both public and private deployment modes. In addition, based on end-use industries, market is segmented into government & public sector, manufacturing, BFSI, retail & consumer goods, media & entertainment, energy & utilities, IT & telecommunications, healthcare & life sciences and others.
The cloud infrastructure services market is driven by increase in IaaS benefits, followed by change in market trends & agility and rise in cost-savings & Return on Investment (ROI). However, strict government standards and limited bandwidth providers may impact the market. Moreover, increase in adoption of hybrid cloud services and growth in the number of SMEs is key opportunities for market.
Based on geography, the North-American region holds major share in cloud infrastructure services market owing to increase in adoption of digital business strategies and growth in awareness among organizations regarding the benefits of cloud technologies in the region. The European and Asian-Pacific regions are projected to witness higher growth rate due to growth in spending on Information Technology (IT) infrastructure and positive economic outlook over the forecast period. In upcoming years, it is expected to witness higher CAGR on account of rise in requirements of the cloud for business continuity during the forecast period. It is projected that the market will be reached at US $117.6 billion by 2025.
For more information on the research report, refer to below link:-
North America Market Insights on Cloud Infrastructure: Insights and Forecast 2018-2024: Emphasis on Deployment Type (Public Cloud, Private Cloud), Public Cloud Services (SaaS, PaaS, IaaS, Cloud Advertising, BPaaS), End User (Banking, Financial Services and Insurance, Retail, Telecom & IT, Healthcare, Media & Entertainment, Government Agencies, Education, Energy, Manufacturing, Other Industries)
Ankur Gupta, Head Marketing & Communications