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$81.29 Billion Cloud Infrastructure Services Market - Global Forecast to 2023DUBLIN, Oct. 10, 2018 /PRNewswire/ -- The "Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The global cloud infrastructure services market to grow from USD 30.00 billion in 2018 to USD 81.29 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period. The major growth drivers for the market include low costs, flexibility, scalability, and security. The cloud infrastructure service offerings provide accelerated Time-to-Market (TTM) and speedy application development and running processes. The report segments the global cloud infrastructure services market by service type, deployment model, organization size, vertical, and region. The disaster recovery and backup as a service segment is expected to grow at the highest CAGR during the forecast period, whereas the storage as a service segment is estimated to hold the largest market size in 2018. The cloud infrastructure services have become a central part of business processes, due to their ease of use, low operating costs, and flexibility. Among deployment models, the public cloud deployment model is estimated to hold the largest market size in 2018. The advantages of using the public cloud include the simplicity and ease of deployment. The initial investment required for the deployment is minimum, and there are no responsibilities involved in managing the infrastructure. The public cloud offers scalability, reliability, flexibility, utility style costing, and location independence services. Among regions, North America is estimated to hold the largest market size in 2018, whereas Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The increasing need for speedy and low-cost service delivery processes and complete security while operating in cloud environments is expected to drive the global cloud infrastructure services market. Cloud Infrastructure Services Market Governments' increasing investments digital transformation initiatives; increased awareness among enterprises about the benefits of cloud technologies; and business continuity requirements resulting in a high demand for cloud storage disaster recovery and backup services are major grwth factors for the market. However, stringent government rules and regulations, limited bandwidth providers, and lack of access to high-speed internet may affect the market growth. Key Topics Covered: 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/zjcwz7/81_29_billion?w=5 Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager. Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/81-29-billion-cloud-infrastructure-services-market---global-forecast-to-2023--300728676.html SOURCE Research and Markets |