Cloud Infrastructure Services Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global cloud infrastructure services market is expected to register a robust CAGR over the period of 2021-2027. The key factors such as cost-effectiveness, scalability, and lean management are some of the prominent reasons, due to which the market is uplifting. Moreover, moving to the cloud saves the majority of initial cost, and managing and updating application on the cloud is a lot cheaper when compared to traditional ways of infrastructure. Furthermore, growing organizations are in constant requirement of more storage, optimizing resources from the cloud enables them to escape the large one-off payments of hardware and software, making operational costs minimal. Cloud is a better, faster, more powerful way to develop software and manage applications. North America transpires to be the dominant market when it comes to revenue generated by the cloud infrastructure market, the region has been the early adopter of the technology, furthermore, the region is generally more acceptable towards new technologies, The emerging sector for cloud computing services in the North America region is the healthcare sector. The cloud computing services are adopted mainly in the data recording and keeping in both clinical as well as non-clinical information. Also, North America consists of countries like Canada and USA, these countries have larger budgets for R&D and technology implementation.

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 According to UnivDatos Market Insights (UMI)’ research report “Global Cloud Infrastructure Services Market”, the market is expected to witness a growth of around 16% growth during the forecast period 2021-2027F.  The primary growth drivers for the market include low costs, scalability, flexibility, and security. The cloud infrastructure service offerings give accelerated Time-to-Market (TTM) and rapid application development and running processes. Moreover, the expanding need to decrease the operational costs and maintenance of the IT infrastructure also boosts the adoption of cloud infrastructure services by several organizations. Furthermore, according to Forbes, with so many industries and companies adopting cloud services, by 2020, a total of 83% of workloads done by various enterprises will end up on the cloud. Additionally, according to SysGroup, demand for cloud services had grown by 18% in 2019. 

Based on Service type, compute as a service is expected to hold the majority of the market during the forecast period. Computing as a service provides improved business performance due to various benefits such as agile deployment, secure & storage management, and low ownership cost, utility-based sharing models, and high-level computing. However, there are some factors that are limiting the growth of the market.

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Based on Organization size, the market is bifurcated into small & medium-sized enterprises and large enterprises. During the forecast period, the small & medium-sized enterprises are expected to witness the highest CAGR. This is mainly due to the low implementation cost of cloud services and easy execution. Also, small companies don’t have enough mental and physical resources to burn-in operations. 

Based on Industrial vertical, the market is segmented into BFSI, IT and telecommunication, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life science, and others. IT and telecommunications are expected to register the highest CAGR during the forecast period. This is mainly due to the growing requirement for software solutions in various different industry verticals, and also a requirement for managing a larger quantity of data. 

Based on Deployment, the cloud infrastructure is segmented into public cloud, private cloud, and hybrid cloud. During the forecast period, the public cloud is expected to hold the majority of the cloud market. Benefits such as cost-effectiveness, and easy availability are contributing to the market growth. Also, public cloud services have gained huge traction in APAC, as enterprises seek to enhance their digital initiatives. With the pressure to achieve greater business agility and satisfy their customers, cloud computing has become the core of how many businesses operate nowadays. Organizations are working on optimizing both application performance and ensuring a good customer experience.

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North America to witness extensive growth

North America transpires to be the dominant market when it comes to revenue generated by the cloud infrastructure market. The region has been the early adopter of the technology. The emerging sector for cloud computing services in the North American region is the healthcare sector. The cloud computing services are adopted mainly in the data recording and keeping in both clinical as well as non-clinical information. Also, North America consists of countries like Canada and USA, these countries have larger budgets for R&D and technology implementation.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Cloud infrastructure services market are Amazon.com Inc., Google LLC, Microsoft Corporation, IBM Corporation, Alibaba Cloud, Rackspace Inc., Oracle Corporation, VMware Inc., Fujitsu Limited, and CenturyLink Inc. 

“Global Cloud infrastructure services Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1.     By Service Type (Compute as a Service, Storage as a Service, Disaster Recovery & Backup Services, Networking Services, Desktop as a service, Managed Hosting)

2.     By Organization Size (Small &Medium-sized, Large Enterprise)

3.     Industry Vertical (BFSI, IT and telecommunication, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others (Education and Travel and Hospitality)

4.     By Deployment (Public Cloud, Private Cloud, Hybrid Cloud)

5.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.     By Company, (Amazon.com Inc., Google LLC, Microsoft Corporation, IBM Corporation, Alibaba Cloud, Rackspace Inc., Oracle Corporation, VMware Inc., Fujitsu Limited, and CenturyLink Inc.)

Key questions answered in the study:

1.     What are the current and future trends of the global Cloud infrastructure services industry?

2.     How the industry has been evolving in terms of technology and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global Cloud infrastructure services industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global Cloud infrastructure services suppliers across various region and countries? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL CLOUD INFRASTRUCTURE SERVICES MARKET COVID-19 IMPACT

6 GLOBAL CLOUD INFRASTRUCTURE SERVICES MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SERVICE TYPE

8 MARKET INSIGHTS BY ORGANISATION SIZE

9 MARKET INSIGHTS BY INDUSTRY VERTICAL

10 MARKET INSIGHTS BY DEPLOYMENT

11 MARKET INSIGHTS BY REGION

12 CLOUD INFRASTRUCTURE SERVICE MARKET DYNAMICS

13 CLOUD INFRASTRUCTURE SERVICES MARKET OPPORTUNITIES

14 CLOUD INFRASTRUCTURE SERVICES MARKET TRENDS

15 POLICY & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER 

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