SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

The global cloud infrastructure services market size is expected 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%
[October 10, 2018]

The global cloud infrastructure services market size is expected 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%


NEW YORK, Oct. 10, 2018 /PRNewswire/ -- Growing adoption of geographically diverse cloud services and increasing need to automate the operational processes to drive the cloud infrastructure services market

Read the full report: https://www.reportlinker.com/p05586659

The global cloud infrastructure services market size is expected 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. Governments' increasing investments in digital transformation, increased awareness among enterprises about the benefits of cloud and its technologies, and business continuity requirements resulting in high demand for cloud storage, disaster recovery, and backup services are major growth drivers for the market. However, stringent government regulations, limited bandwidth providers, and lack of access to high-speed internet may affect the market growth.

Storage as a service segment to hold largest market size in 2018
Enterprises use storage as a service to mitigate the risks of disasters and enhance business continuity and availability.These services provide self-service portals that allow the provision of storage, transfer of data to different tiers of storage, and the option to add or remove storage as needed.

To address the security needs of enterprise data, cloud-based storage offers security controls to ensure that all the data is stored securely in data center facilities and is available for quick access.

Hybrid deployment mode to grow at a highest CAGR during the forecast period
The hybrid cloud deployment mode is expected to grow at the highest rate, as it offers the benefits of both private and public deployment modes.Enterprises need a solution to exploit their data centers distributed across multiple environments, owing to the increasing business demands.

Increased user and resource mobility, ongoing migrations of applications over the cloud, and the emergence of more sophisticated threats are driving organizations to adopt the hybrid cloud deployment mode.

North America to hold the largest market size, while sia Pacific (APAC) to grow at the highest CAGR during the forecast period



North America is expected to hold the largest market size during the forecast period, as organizations are shifting toward innovative technologies with the increasing adoption of digital business strategies.Organizations have also invested in advanced technologies to gain a competitive edge and enhance their business operations.

APAC is expected to be the fastest-growing region in the global cloud infrastructure services market, owing to the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and benefits of cloud infrastructure services tools to drive user experience and improve continuous delivery issues.


The following is the primary participants' profile breakup:
• By company: Tier 1 – 43%, Tier 2 – 35%, and Tier 3 – 22%
• By designation: C-level – 60%, Director level – 25%, and Others – 15%
• By region: North America – 44%, Europe – 25%, APAC – 21%, and RoW – 10%

The report profiles the following key players in the global cloud infrastructure services market:
1. IBM (US)
2. Microsoft (US)
3. AWS (US)
4. Oracle (US)
5. Google (US)
6. Alibaba (China)
7. Fujitsu (Japan)
8. Rackspace (US)
9. DigitalOcean (US)
10. Verizon (US)
11. VMware (US)
12. CenturyLink (US)
13. Bluelock (US)
14. Dimension Data (South Africa)
15. OVH (France)
16. Interoute (UK)
17. Joyent (US)
18. Skytap (US)
19. Virtuestream (US)
20. ProfitBricks (Germany)
21. Tencent (China)
22. DXC (US)
23. AT&T (US)
24. NEC (Japan)
25. Navisite (US)

Research Coverage
The report segments the cloud infrastructure services market by service type, deployment model, organization size, vertical, and region. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, services, key strategies, new service launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the cloud infrastructure services market.

The report would help the market leaders/new entrants in this market in the following ways:
• The report comprehensively segments the cloud infrastructure services market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across major regions.
• It helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• It assists stakeholders in better understanding their competitors and gaining more insights to better their positions in their respective businesses. The competitive landscape section includes the vendor comparison of the major players in the cloud infrastructure services market.

Read the full report: https://www.reportlinker.com/p05586659

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Cision View original content:http://www.prnewswire.com/news-releases/the-global-cloud-infrastructure-services-market-size-is-expected-to-grow-from-usd-30-00-billion-in-2018-to-usd-81-29-billion-by-2023--at-a-compound-annual-growth-rate-cagr-of-22-1-300728821.html

SOURCE Reportlinker


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy