Businesses of all sizes deploy huge investing to robust disaster recovery, but for smaller size businesses lack the required cash and expertise, however Cloud service has opened gate for small size companies to manage their data with small investments. According to Aberdeen Group, small businesses are twice as likely as larger companies to implemented cloud service for recovery solutions which ultimately save time, avoid large initial investment and roll up third-party expertise as part of the deal.
The Global Cloud Infrastructure Market was valued at USD XX billion in 2017, which is expected to grow at a reasonable CAGR of 12% during the analyzed period to reach USD XX billion by 2024. The market witnessed a significant growth due to mobility of data accessibility, trend of big data and analytics, rising demand from organizations for user friendly & cost-effective computing and rise in the number of digital services & their application. However, infrastructure complexity, data security implications, and limited control of cloud resources are the major restraining factors behind the growth of the market.
Growing recognition of economic and operational benefits offered by cloud services has resulted in robust growth potential of the respective model. Usage of cloud computing services has significantly benefitted the organizations and enterprises in terms of cost efficiency. Rising demand for cost effective and flexible IT resources has dramatically fostered the cloud computing services at global scale. Additionally, information technology has witnessed explosive growth over the years. Cloud computing, Big Data and IoT have gained wide prominence and continue to attract huge corporate spending. Global IT spending is anticipated to reach USD XX trillion by 2020 compared to USD 2.18 trillion in 2015. Substantial Surge in adoption of cloud computing service by small and medium enterprises would further provide enormous growth opportunities for the companies operating in the industry.
Insights Presented in the Report:
The report analyses the cloud Infrastructure service majorly for public and private deployment model. To further add to the analysis the report also segments the market based on cloud infrastructure service, end user industry which is deployed in different country worldwide.
The report analysis all the potential countries which has showcased increased deployment of cloud service over the last decade. Public and private cloud deployment model is further bifurcated into different services including public cloud (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business process as a Service (BPaaS) and cloud advertising. Cloud advertising public cloud services dominated the market in 2016 with a market share of 45.0% and is expected to maintain its dominance during the analyzed period. Private cloud deployment model is segregated into managed hosting and Co-Location.
The report also analysis the different potential end-user industries who are most frequent adaptor and are most likely to be the likely to be the growth driver for the industry. Banking, Financial Services and Insurance, Retail industry, Telecom & IT, Healthcare, Media & Entertainment, Government agencies, Education, Energy and Manufacturing among others are the major end user industry analyzed during the study. In the Telecom & IT sector huge amount of data are generated owing to this the sector has emerged as the largest adopter of cloud computing, accounted for a market share of 17.7% in 2016 and is expected maintain its dominance during the forecasted period.
The report further analysis the adoption of cloud service in different geography and countries. Major geography analyzed in the report includes North America (U.S., Canada, and Mexico & Rest of North America), Europe (Germany, U.K., France, Russia, Italy, Spain & Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia & Rest of Asia-Pacific) Middle East & North Africa (UAE, Kingdom of Saudi Arabia, Algeria, Egypt, Kuwait, Qatar and Rest of MENA) and Latin America (Brazil, Argentina, Chile and Rest of Latin America). US being the hub of industry is the largest market for cloud computing, which makes North America the dominant region in the adoption of cloud infrastructure with a market share of 48.5% share of the global market in 2016. However, emergence of India and China as manufacturing hub would help the Asia-Pacific region to adopt cloud service a much higher pace compared to other counterparts.
The report also highlights few prominent players operating in the cloud infrastructure market. Key companies operating the ever-growing cloud infrastructure market includes Cisco System Inc., Equinix Inc., Google Inc., IBM Corporation, Salesforce.com, AT&T Inc., Amazon Web Services Inc., DXC Technology Company, HP Inc., and Rackspace Hosting Inc. These companies have been operating in this sector for several years and have diversified product portfolios, innovative technologies, and strong distribution networks worldwide. Amazon Web Service dominates the cloud market with a market share of 31.0% share, followed by Salesforce and Microsoft.
Reasons to buy the Report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
The Global Cloud Infrastructure Market can be customized to regional/country level or any other market segment. Besides this, report understands that you may have your own business need, hence we also provide fully customized solutions to clients.