The Cloud Infrastructure Service Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
Major Players are:
AWS (United States),Microsoft (United States),Google (United States),Alibaba (United States),IBM (United States),Oracle (United States),Fujitsu (Japan),Rackspace (United States),DigitalOcean (United States),Verizon (United States),Cisco Systems (United States) ,VMware (United States)
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Definition:
The human tragedy the COVID-19 pandemic has inflicted on the world is incalculable and continues to grow. COVID-19 is also impacting entire industries, causing them to randomly move in unpredictable ways, directly impacting cloud services. The trend toward operating more applications, both new and existing, in public cloud environments will continue over the coming years. Organizations will look to take advantage of the unlimited access to capacity, more advanced services, such as AI and analytics, as well as APIs and other tools to accelerate their digital development. Cloud infrastructure services spending may see a slight drop in investment growth momentum for 2020 due to COVID-19 and may reach 135 USD billion. As many employees are transitioning to remote working, there is a sudden surge in demand for collaboration solutions. The share prices of collaboration tools providers have been soaring, and Microsoft announced that it now has 44 million users of the Teams platform globally, due to the high demand for collaboration solutions. At the PaaS layer, the impact is not so clear. Some developers are being sent on leave, as development projects are stalled in favor of remote working projects or until businesses can begin to operate normally again. At the same time, there are many students and developers at home with time to spend on developing new applications and solutions to problems relating to the COVID-19 crisis.
In December 2018, Velcom, a mobile operator tested its new CIS i.e. Voblaka. The new platform is made available for free to customers for up to a month.
The titled segments and sub-section of the market are illuminated below:
Type (PaaS, IaaS, CDN/AND, Managed Hosting, Colocation Services, DRaaS), Application (BFSI, Telecommunications and IT, Manufacturing, Retail and eCommerce, Others), Organization Size (Small and medium sized Enterprises (SME’s), Large Enterprises), Deployment model (Public, Private, Hybrid), Service (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)
Market Trends:
Increase adoption of cloud-based technologies is the current trend of this market.
Owing to the increased demand for efficient data sharing computing service
The rise in the adoption of cloud computing services
Cloud IaaS adoption is increasing as ente
Market Drivers:
Increase in the investments in new digital transformation initiatives by the Government such as cloud and analytics.
Increased awareness among enterprises about cloud Infrastructure
Low cost, Flexibility, scalability and security, Internet of Things (IoT).
Business continuity requirements leading to high demand for cloud storage.
Disaster recovery and backup services.
Increased availability of skilled labor.
Years considered for this report:
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What benefits does AMA research study is going to provide?
What are the market factors that are explained in the Cloud Infrastructure Service Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Key Questions Answered in the Report:
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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