The global cloud infrastructure services market is anticipated to grow at a considerable CAGR of 10.7% during the forecast period. Owing to its cost-effectiveness and accessibility, the public cloud-based deployment strategy is gaining popularity. The public cloud is built on the cloud computing concept, which distributes computer resources (such as CPUs, servers, and racks) across multiple enterprises based on demand.
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Public cloud-based systems require less physical setup and require little maintenance, and they allow 24/7 access from any location, at any time. The benefits of public clouds, such as scalability, stability, flexibility, utility-style costing, and location independence services, are predicted to drive rapid growth in public cloud-based installations. According to Visual Capitalist, Amazon Web Services (AWS) has over a million active users scattered over 190 countries, indicating that AWS accounts for 41.5 percent of the entire public cloud market. The public cloud’s affordability is one of the main reasons for its rapid expansion. According to MultiSoft Corp., using third-party cloud platforms is 40% less expensive than maintaining an in-house system for small and medium organizations.
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The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in September 2019, Oracle partnered with VMware to assist clients in deploying hybrid cloud solutions. Customers should be able to execute their hybrid cloud strategy using VMware Cloud Foundation on Oracle Cloud Infrastructure as a result of this agreement. Customers will be able to easily move VMware vSphere workloads to Oracle’s Generation 2 Cloud Infrastructure and benefit from uniform infrastructure and management as a result of this agreement, according to the company. In August 2019, AWS extended its global reach by opening additional data centers in Hong Kong. This newly opened data center allows business clients to operate apps and retain information in Hong Kong data centers while remaining connected to the AWS global network.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Deployment Model
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Microsoft Corp., Google LLC, Amazon Web Services Inc., IBM Corp., Oracle Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cloud Infrastructure Services Market Report Segment
By Deployment Model
- Public
- Private
- Hybrid
By End-User
- BFSI
- Healthcare
- Government & Defense
- Retail
- IT & Telecommunication
- Others
