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Market Analysis
The cloud infrastructure services market is predicted to have a healthy CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Cloud infrastructure, simply put, is the virtualization of infrastructure over the internet or a network. Cloud infrastructure, simply put, are the components required for cloud computing that comprises of network resources, storage, abstracted resources, and hardware. Colocation hosting, managed hosting, content delivery network/application delivery network, BPaaS, SaaS, PaaS, and laaS are the different design services. Owing to its alluring features and plentiful benefits, cloud infrastructure services have wide applications in healthcare, education, media and entertainment, research and development, logistics, energy, retail, manufacturing, BFSI, and others.
Various factors are propelling the global cloud infrastructure services market share. According to the recent MRFR report, such factors include increasing digitalization, burgeoning need for highly scalable models, need to cut-down operational costs, the growing need to maintain IT infrastructure, and the different benefits such as security, scalability, flexibility, and low costs.
On the contrary, risk of data leakage & data theft and the on-going COVID-19 impact are some factors that may limit the global cloud infrastructure services market growth over the forecast period.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global cloud infrastructure services market based on design services, deployment, and verticals.
By design services, the global cloud infrastructure services market is segmented into colocation hosting, managed hosting, content delivery network/application delivery network, BPaaS, SaaS, PaaS, and laaS. Of these, the SaaS infrastructure services will lead the market over the forecast period.
By deployment, the cloud infrastructure services market is segmented into hybrid, private, and public. Of these, the public deployment segment will dominate the market over the forecast period.
By verticals, the global cloud infrastructure services market is segmented into healthcare, education, media and entertainment, research and development, logistics, energy, retail, manufacturing, BFSI, and others.
Regional Analysis
Based on the region, the global cloud infrastructure services market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Increasing adoption of cloud-based IT services, growing investments by companies in IT infrastructure in R&D of cloud infrastructure, presence of key vendors in the US, and increasing use of cloud-based services for reducing costs of data centers & promoting business continuity are adding to the global cloud infrastructure services market growth in the region.
The cloud infrastructure services market in the APAC region is predicted to grow at a high CAGR over the forecast period. Growing demand for managed cloud-based infrastructure services like cloud-based enterprise resource planning in Japan, India, and China, coupled with the deployment of cloud-based services & redesigning of the network across different countries, are adding to the global cloud infrastructure services market growth in the region.
The global cloud infrastructure services market in Europe is predicted to have sound growth over the forecast period, and in the Rest of the World is predicted to have steady growth over the forecast period.
Key Players
Leading contenders profiled in the global cloud infrastructure services market report include HP (U.S.), Rackspace Inc. (U.S.), Equinix (U.S.), AT & T Inc. (U.S.), Citric Systems (U.S.), Salesforce (U.S.), Google (U.S.), IBM (U.S.), Microsoft (U.S.), and Amazon Web Service (U.S.), among others. Industry players have incorporated several strategies to stay at the forefront and also suffice to the surging needs of the customers, such as mergers and acquisitions, partnerships, joint ventures as well as collaborations, new product launches, geographic expansions, strategic alliances, contracts, and many others.
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Cloud Infrastructure Services Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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