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Cloud Infrastructure Services Market by Service Type, Deployment Model, Organization Size, Vertical And Region - Global Forecast to 2023

Cloud Infrastructure Services Market: Global Forecast until 2023

  • October 2018
  • 167 pages
  • ID: 5586659
In this report:
The retail and consumer goods vertical is expected to grow at the highest CAGR of ##.##% during the forecast period, while BFSI vertical is expected to hold largest market size of USD ##,##.## million in 2018.
North America is expected to hold the largest market size of ##.##% in 2018, whereas APAC is projected to grow at the highest CAGR of ##.##% during the forecast period.

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Increasing adoption of geographically diverse cloud services and growing need to automate the operational processes to drive the cloud infrastructure services market

The overall cloud infrastructure services market size is forecasted to grow from ~$30.0B in 2018 to ~$81.3B by 2023, at a Compound Annual Increase rate of 22.10 percent during the forecast period. Governments' rising investments in digital transformation, gained appreciation among companies about the benefits of cloud and its technologies, and business continuity requirements resulting in strong demand for cloud storage, disaster recovery, and backup services are main increase drivers for the sector. Nevertheless, stringent government regulations, limited bandwidth providers, and lack of access to high-speed internet may affect the market increase.

Storage as a service segment to hold biggest market size in 2018

Firms use storage as a service to mitigate the risks of disasters and enhance business continuity and accessibility.These services offer self-service portals that allow the provision of storage, transfer of data to distinct tiers of storage, and the option to add or remove storage as needed.

To address the security needs of enterprise data, cloud-based storage affords security controls to ensure that all the information is stored securely in data center facilities and is available for fast access.

Hybrid deployment mode to grow at a more considerable Compound annual growth rate during the outlook period

The hybrid cloud deployment mode is anticipated to grow at the maximal rate, as it affords the benefits of both private and public deployment modes.Companies need a solution to exploit their data centers distributed across multiple environments, due to the growing business demands.

Increased user and resource mobility, ongoing migrations of applications over the cloud, and the emergence of more sophisticated threats are driving organizations to take the hybrid cloud deployment mode.

North America continent to hold the biggest sector size, while Asia Pacific (APAC) to grow at the highest compound annual growth rate (CAGR) during the estimate period

North America (NA) is forecasted to hold the biggest industry size during the outlook period, as institutions are shifting toward innovative technologies with the rising adoption of digital business strategies.Institutions have also invested in advanced technologies to benefit a competitive edge and enhance their business operations.

Asia-Pacific is anticipated to be the quickest-increasing area in the overall cloud infrastructure services market, due to the positive economic outlook in the territory, rised spending on Information Technology infrastructure, and benefits of cloud infrastructure services tools to drive user experience and improve continuous delivery issues.

The following is the primary participants' profile breakup:

• By organization: Tier 1 - 43.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 22.0 percent

• By description: C-suite - 60.0 percent, D-level - 25.0 percent, and Others - 15.0 percent

• By area: North America continent - 44.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 21.0 percent, and rest of the world - 10.0 percent

Segment Research

The document breaks down the cloud infrastructure services market by service type, deployment model, organization size, vertical, and area. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews, services, top strategies, new service launches, alliances, strategic agreements and collaborations, business expansions, and opposing landscape combined with the cloud infrastructure services market.

The market research would benefit the market top players/new sector entrants in this sector in these ways:

• The report comprehensively segments the cloud infrastructure services market and offers the best approximations of the revenue data for the global market and its sub-segments across main regions.

• It benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• It assists partners in better understanding their players and gaining additional insights to better their positions in their respective businesses. The competitive outlook section includes the vendor comparison of the main actors in the cloud infrastructure services market.

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