Cloud Infrastructure Services Market size is expected to cross USD 447.53 Billion by 2030 at a CAGR of 17.63% during the forecast period of 2020-2030, 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 Infrastructure Services Market. 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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By Cloud Computing
- Cloud Infrastructure
- Cloud Communication Platform
- Cloud Access Security
- Cloud High-Performance Computing
- Cloud Billing
By Organization Size
- Large Enterprises
- Small and Medium Enterprises
- IT & Telecommunication
- Aerospace and Defense
By Sales Channel
Companies are creating new avenues, and this concept of Cloud Infrastructure Services Industry is gaining momentum. The processes are dynamic now, so the concept of Cloud Infrastructure Services CPE Market is evolving every day. To meet the supply chain and global technology services criteria, the companies are getting agreement to grow together.
The prominent players in the Cloud Infrastructure Services CPE Market deliberately keep innovating and investing in research and development in order to keep a tap on a cost-effective portfolio. There have been global mergers and acquisitions among the major players, where the business entities project to bolster their reach to their consumers.
- Microsoft Corporation (U.S.)
- com Inc. (U.S.)
- Fujitsu Limited (Japan)
- International Business Machines Corporation (U.S.)
- Cisco Systems Inc. (U.S.)
- VMware Inc. (U.S.)
- Oracle Corporation (U.S.)
- Google Inc. (U.S.)
- Hewlett-Packard Enterprise (U.S.)
- com (U.S.)
- 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
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.
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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