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Cloud infrastructure Market: Segmented: By Deployment mode (private, public and hybrid cloud); By Technology (software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS)); By Vertical (banking financial services and insurance, healthcare and life sciences, IT and ITeS, retail and consumer goods, telecom, energy and utilities, government and public sector and manufacturing); By organization size (large enterprises, small and medium sized enterprises) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019
Cloud Infrastructure Market to surpass USD 667.2 by 2030, which is valued at USD 159.7 in 2019 at a compound annual growth rate of 13.90%.
Cloud Infrastructure is the use of hardware and software to deliver a service over a network to process, store, visualize and manage data along with networking and virtualization software. It also includes an abstraction software layer that virtualizes the data and resources and programmatically presents them to the end-users. Cloud infrastructure enables the identification of leaked points within a system and thus helps the cloud computing system to perform effectively and efficiently. It is used by organizations in fulfilling their day-to-day activities using a pay-per-use model. Organizations can even build their infrastructure model using a private cloud, public cloud, or hybrid cloud.
Cloud Infrastructure Market is expected to project a CAGR of 13.90% during the forecast period, 2019-2030
Major factors affecting the growth of this market include the offices and enterprises investing in IT infrastructure for cloud service providers, internet service providers, and managed-to-host providers. A rise in demand for cloud-based services and the suitability of a public cloud environment are best suited for the current pandemic scenario.
By Technology
it can be divided into software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). The SaaS segment is expected to grow the highest CAGR during the forecasted period. It will be impacted by verticals, such as transportation, manufacturing, and logistics.
Based on deployment mode
the market for cloud infrastructure has been segmented into private, public, and hybrid clouds. The public cloud segment is expected to register the highest CAGR due to its simple usage as well as ease of deployment.
By Vertical
it can be further divided into banking financial services and insurance, healthcare, and life sciences, IT and ITeS, retail and consumer goods, telecom, energy and utilities, government and public sector, and manufacturing. The retail segment is to show the highest growth during the forecasted period. Retailers are upgrading their IT infrastructure to take advantage of the collaborated workforce to increase overall productivity. They are moving towards commercial websites as online shopping is gaining attraction during the pandemic.
By the organization size
the cloud infrastructure market has been divided into large enterprises and small and medium-sized enterprises. The large enterprise segment is to register the highest CAGR during the forecast period.
E-commerce and increased productivity to increase the market growth
Increase in security breaches to spur the growth of the cloud infrastructure market. Crowdsourcing for testing services, mobility of accessibility of data, cost-saving from the purchase of physical storage devices, and business continuity also increase the market growth.
High expectations of consumers decrease the market growth
The major restraints in the internet of things market are meeting the expectations of the customer in terms of process optimization, keeping the IoT hardware updated, and easing security concerns due to various connected networks, connectivity issues, and government regulations.
North America holds the largest market size in cloud infrastructure among all the other regions. Factors boosting the growth include the rising focus of enterprises on flexible options with better internet connectivity. The presence of key players such as Cisco Systems Inc., Google Microsoft Corporation, IBM Corporation, and others also add to the market strength in the region. Increased cloud adoption to save the cost of new data for business continuity to increase the growth in the US.
Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
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