The global cloud infrastructure services market is subject to witness a substantial growth due to the advent of intelligent devices, for example, smart glasses and smart watches. Cloud computing performs various business processes such as accumulating, evaluating, and stacking real time data generated by the IoT devices. Moreover, growing web users and rising implementation of digital services are propelling the growth of the market in recent years.
Higher consummation of data services is likely to spur edge computing market expansion with increase in the adoption of cloud infrastructure services. Globally, the market is predicted to grow at CAGR of 28.21% in the forecast period, providing numerous opportunities for market players to invest for research and development in the cloud infrastructure services market.
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The factors attributing to the growth of the market are highly secured cloud reserve of employee’s data, easily implementable system enhancements and updates, alongside numerous advantages over traditional services. The large organizations are significantly investing in cloud infrastructure services for embedding into business processes. Though, custom-based compliances and synchronized enterprise-level human resource processes with international human resource standards limits the market growth.
The use of the cloud infrastructure services in various business processes helps to store data and applications by using the web and main remote servers. Cloud infrastructure services provide users and organizations to access data and applications rather than installation of software. In addition, cloud infrastructure services provides remote access to the essential information at any computer with easy web access. The use of the cloud infrastructure services offers efficient way of computing by unifying storage, memory elements, processing power and bandwidth.
The market is broadly categorized into three major segments based on the deployment type such as public cloud, private cloud and hybrid cloud. The public cloud is considered as one of the fastest growing segment in the cloud infrastructure services market with substantial revenue generation in the last few years. Growing popularity of cloud infrastructure services in the public cloud segment is attributed to the decline in the cost in comparison with traditional data center and private clouds. The private cloud segment has also witnessed substantial growth owing to the increasing demand from small and medium-sized enterprises.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies for digitalization of various business processes, increase in the number of research & development activities in the region and existence of well-established IT infrastructure.
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Asia-Pacific region is predicted to hold major market share in the cloud infrastructure services market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with better security compliant offerings by vendors, and need for enhanced control and visibility mechanisms and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the cloud infrastructure services market are Amazon Web Services, Inc., Microsoft Co., Google, Inc., and IBM Co.
The market is divided into the following segments based on geography:
Global Cloud Infrastructure Services Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Cisco Systems
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