Cloud Infrastructure Services Market To Gain Market Stake Considerably By 2032

Market Overview

The virtualization of infrastructure on the cloud has picked up the pace, thus driving the cloud infrastructure services market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.  An exceptional CAGR is estimated to motivate the market in the forecast period 2024-2032.

The Cloud Infrastructure Services Market is projected to grow from USD 143.21 billion in 2024 to USD 446.27 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.27% during the forecast period (2024 - 2032).

The surge in big data is predicted to enhance the development of the cloud infrastructure services market. The accessibility to cloud services is projected to transform the market considerably in the impending period. The rise in demand from specific sectors is likely to induce innovation in applications in the cloud infrastructure services market.

Segmental Analysis

The segmental examination of the cloud infrastructure services market is carried out on the basis of design services, deployment, verticals, and region. On the basis of design services, the cloud infrastructure services market is segmented into SaaS, content delivery network/application delivery network, PaaS, managed hosting, IaaS, and colocation hosting. Based on the deployments, the cloud infrastructure services market is segmented into private, hybrid, and public. The vertical-based segmentation of the cloud infrastructure services market consists of BFSI, research and development, logistics manufacturing, retail, energy, education, healthcare, media and entertainment, and others. Based on the regions, the cloud infrastructure services market consists of Europe, Asia Pacific, North America, and the rest of the regions.

Detailed

Regional Analysis

The regional investigation of the cloud infrastructure services market encompasses regions such as Europe, Asia Pacific, North America, and the rest of the regions. The geographical analysis of the user activity monitoring market is studied for North America, Europe, Asia Pacific, and the rest of the world. Presently, the North American region is leading the cloud infrastructure services market stake due to the boost in the implementation of cloud-based IT services and substantial investments by groups in IT infrastructure in research & development of cloud infrastructure. The Asia Pacific regional cloud infrastructure services market is projected to accomplish the top growth all through the forecast period owing to an ever-increasing demand for managed cloud-based infrastructure services like cloud-based enterprise resource planning (ERP) in nations like China, India, and Japan. The redesigning of the network & deployment of cloud-based services through a variety of industries in the APAC nations is likely to create an enhanced scope for development in the cloud services market.

Competitive Analysis

The effect of unpredictable events has created substantial barriers that will have to suitably addressed and overcome to achieve normalcy in the global market. The need to invest in building a robust consumer base is estimated to rank on the top priorities of market leaders for the upcoming period. The weakening of trade channels is projected to present new challenges that have to be overcome expediently in the coming years. The regulations in various regions can be relied upon to rebuild market clout gradually in the future. The state of technological development is estimated to be staggered as the development of the global market is at a relative standstill. The establishment of a definite competitive advantage is estimated to spur market development in the forecast period. The inducements offered by the government are expected to display a positive influence on the overall market development in the impending period. The reinvention of the supply chains by integrating robust technology in them is estimated to spur the development of the market in the coming period.

The outstanding contenders in the cloud infrastructure services market are Microsoft (U.S.), AT&T Inc. (U.S.), IBM (U.S.), Google (U.S.), Salesforce (U.S.), Rackspace Inc. (U.S.), Amazon Web Service (U.S.), Citric Systems (U.S.), Equinix (U.S.), and HP (U.S.).

Industry Updates

Apr 2020 Alibaba, a Chinese e-commerce giant stated that it would devote USD 28 billion in developing its cloud infrastructure over the next three years; the infusion of funds will assist Alibaba in competing head-to-head with tech giants in US markets outside of China.