ID: MRFR/ICT/1068-HCR | February 2021 | Region: Global | 102 pages
Cloud Infrastructure Services Market Share is growing tremendously in recent years. It refers to the virtualization of basic infrastructure over a global network or the internet. Cloud Infrastructure leads the delivery of the services or products on-demand via delivery models such as
Cloud Infrastructure Services Industry uses an abstraction layer to represent the optimal resources to the end-users logically via application program interfaces. The major components of cloud computing include servers, memory, network switches, complex firewalls, modern applications, and storage systems. Cloud computing has become an important platform on which plenty of large, medium, and small organizations can devise digitization in the contemporary IT infrastructure. The primary vendors who provide the global cloud infrastructure services are focusing on the advancement of hybrid or multi-cloud, cloud disaster recovery, and serverless modern cloud computing. Over the past decade, a lot of technology giants have raised their adoption of public cloud-based IT services. The primary vendors have raised the investment and expenditure on cloud deployment of organization storage systems, multipurpose networking hardware, databases, modern applications, and firewalls. But it has been seen that the global cloud infrastructure services face a couple of hurdles, including increased bandwidth costs, frequent monitoring and control, security concerns related to global phenomenon, and quick performance management in case of the sluggish cloud provider network.
COVID 19 Impacts and effects
As per the Cloud Infrastructure Services Market Report, the COVID 19 has impacted the world's market. The COVID 19 has grieved 215 countries. To combat the negative effects, countries lead lockdown, which has adversely affected the Cloud Infrastructure Services (CIS) Market. The pandemic has made a positive impact on the CIS Market segment. The COVID-19 pandemic has touched every segment of society, including individuals and enterprises. The internet ecosystem has played an important role here. Due to the negative effects of the pandemic, the dependency of business on the internet has increased significantly. Information, finance and insurance, medical industry and social assistance, retail trade, manufacturing industry, and utilities, among others, are starting to highly depend on the internet to provide essential services to consumers.
Major Drivers of The Market
Cloud Infrastructure Services Business is booming due to a lot of factors. The infiltration of smartphones, smart devices, and other consumer electronic products of recent times has dramatically pushed the need for public cloud services. Public cloud services enable organizations and common individuals for storing pertinent information in a safe and secure manner without any hassles. There are plenty of encryption features that are integrated into the cloud account for securing the data or essential information that can drive the global public cloud market demand prominently.
Significant Opportunities for The Market
Global Cloud Infrastructure Services Market is a global marketplace. It is an integrated platform. There are plenty of small and medium enterprises (SMEs) now can easily access the data and govern their daily operations effectively by subscribing to pay-per-usage models. The primary Cloud service companies are focusing on emerging SMEs due to their ability to put their operating costs low and drive productivity. The Cloud Infrastructure Market is a highly competitive market. Moreover, the encouragement by the native Government for spreading and grasping digital services represents a scalable opportunity for the public cloud market to spread its reach. The reliance on modern devices for commercial and personal purposes can drive the market need or expectation over the estimated period.
There is always a fear that private and confidential data are very vulnerable to cyberattacks that can curb global market growth. Due to this fact, the Cloud Infrastructure Services Industry is evolving every day and trying to combat its negative sides. Most of the cloud vendors offer advanced level encryption for their customers in order to ease the risk and guarantee total confidentiality. There is a lack of alertness about privacy and security issues among enterprises; this has limited the adoption and implementation of the hybrid cloud. The average level of understanding of the security benefits conducted by the hybrid cloud has severely affected its acceptance rate among users on a global platform. Private data protection is highly sensitive, and it restricts organizations to shift their business activities to the cloud. The lack of awareness of the clarity about the governance of cloud computing increases the risk of the restraints for hybrid cloud. That is the reason cloud processes advised to be monitored continuously to lower the risks and improve the standard security features.
Market Growth Challenges
The world of the internet is so dynamic, a rising number of cyberattacks have also forced distrust among countries and challenges enforcing cybercrime legislation, which makes it tough to apply policies in an effective manner. To avoid cyber-attacks, governments should rapidly modernize legislation and partner with associated agencies. In addition, a number of countries must join hands together and create alliances to contest cyber threats that make a global impact. These partnerships should cohesively work to frame rules to raise concerns related to cybersecurity in the industrial ecosystem. The Cloud Infrastructure Services Business is rising in spite of all the drawbacks.
Cumulative Growth Analysis
The primary Cloud Infrastructure Services Market Segment claims to have a 24.99%. The demand for this concept has risen because companies are conscious now. The Asian and North American countries are focusing on expanding the production to meet the targets and deal with innovative technologies effectively.
Value Chain Analysis
On the basis of design services, the market is divided into IaaS, PaaS, SaaS, BPaaS, internet-friendly content delivery network/application delivery network, well-managed hosting and colocation hosting. On the basis of deployment, the market is further divided into public, private and hybrid. On the basis of verticals, the market is subdivided into BFSI, manufacturing units, retail spaces, energy, logistics, advanced research and development, currents media and entertainment industry, education sector, healthcare and others.
By Cloud Computing
By Organization Size
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.
The worldwide market for global cloud infrastructure services is projected to grow at a prominent pace during the forecast timeline from 2018 to 2023. The geographical study of the user activity auditing market is drawn for North America, Europe, Asia Pacific, and the rest of the world.
Currently, North America is the worldwide leader in the global cloud infrastructure services market share due to rise in the acceptance and exposure of cloud-based IT services and abundant investments by companies in IT infrastructure in research and development of modern-day cloud infrastructure. The U.S.is the leading head of the cloud infrastructure services industry because of its presence of primary vendors and immense adoption rate of cloud-based services to decrease the costs for data centres and support business continuity. On the other hand, Asia Pacific global cloud infrastructure services market is expanding to showcase the huge growth during the estimated period due to rising demand for well-administered cloud-based infrastructure services like modern cloud-based enterprise resource planning (ERP) in countries like China, India, and Japan.
Based on regions:
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Services, Deployment|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The segments of the cloud infrastructure services market, by deployment, are private, public, and hybrid.
The segments of the cloud infrastructure services market, by design services, are content delivery network/application delivery network, IaaS, PaaS, SaaS, BPaaS, managed hosting, and colocation hosting.
The segments of the cloud infrastructure services market, by verticals, are BFSI, education, manufacturing, research and development, retail, energy, logistics, media and entertainment, healthcare and others.
The regional segments of the cloud infrastructure services market are North America, Europe, Asia-Pacific, and the rest of the world.
Some of the key market players are - Amazon Web Service (U.S.), IBM (U.S.), Microsoft (U.S.), Google (U.S.), Salesforce (U.S.), Rackspace Inc. (U.S.), AT&T Inc. (U.S.) Citric Systems (U.S.), Equinix (U.S.), and HP (U.S.).