BFSI Dominates Cloud Infrastructure Market - 12.9% CAGR to 2022

09 Aug, 2016, 08:30 ET from ReportsnReports

PUNE, India, August 9, 2016 /PRNewswire/ --

The cloud infrastructure market is projected to be valued at $209.66 billion by 2022, growing at a CAGR of 12.9% driven by increasing ICT spending as well as big data and analytics trends, while BFSI industry is set to hold the largest share of the cloud infrastructure market.

Complete report on global cloud infrastructure market spread across 209 pages, profiling 12 companies and supported with 93 tables and 69 figures is now available http://www.reportsnreports.com/reports/646508-cloud-infrastructure-market-by-type-hardware-server-storage-switch-services-platform-as-a-service-infrastructure-as-a-service-content-application-delivery-network-managed-hosting-colocation-end-user-industry-geography-global-forecast-to-2022.html .

The cloud infrastructure market, comprising hardware as well as services, is growing at a rapid pace. The growth of this market is mainly caused by increasing ICT spending and trend of big data and analytics; rising demand from various organizations for agile, scalable, and cost-effective computing; increasing number of digital services and their applications; and high penetration of hybrid cloud.   

The BFSI industry comprises banks, insurance companies, & stock-brokers, and deals with large workforce, assets in different locations, and diverse customer profiles. In today's scenario, the economic and financial sector reform has strengthened its automation heling expansion of IT and cloud infrastructure market. This has transformed not only the operating environment for banks and financial institutions but also played a significant role in structuring and strengthening the economy of the countries such as Brazil, the UAE, and India. Thus, the cloud infrastructure hardware market for the BFSI industry is growing significantly.

In Latin America, cloud services are increasing adopted across various sectors such as healthcare, banking and financial services, insurance, retail, manufacturing, and others. In this region, countries such as Brazil, Argentina, Colombia, Chile, and Peru have huge market opportunities for cloud-based services such as consulting, deployment and system integration, and support & maintenance. The driving factor for the rising adoption of cloud infrastructure market and cloud-based services in this region is the nascence of IT digitalization, which means huge volume as well as high velocity of digital data generation in the coming time. This would require high-end and secured cloud-based solutions to be deployed using superior quality cloud services.

The key cloud infrastructure market players profiled in this report IBM Corporation (U.S.), Hewlett-Packard (U.S.), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), EMC Corporation (U.S.), NetApp, Inc. (U.S.), AWS (Amazon Web Services) (U.S.), Alphabet Inc. (Google) (U.S.), Salesforce.com (U.S.), Intel Corporation (U.S.), Lenovo Group Limited (U.S.), AT&T, Inc. (U.S.), Rackspace (U.S.), Oracle Corporation (U.S.), Quanta Computer Inc. (Taiwan), Foxconn Technology Group (Hon Hai Precision Industry Co., Ltd.) (Taiwan). Order a copy of Cloud Infrastructure Market by Type (Hardware: Server, Storage, Switch, Services: Platform as a Service, Infrastructure as a service, Content/Application Delivery Network, Managed Hosting, Colocation), End-User Industry & Geography - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=646508 .

In the process of determining and verifying, the cloud infrastructure market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (34%), Tier 2 (40%) and Tier 3 (26%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level (32%), Director Level (28%) and others (40%) from various key organizations operating in the global cloud infrastructure market. The primary interviews were conducted worldwide covering regions such as North America (40%), Europe (30%), Asia-Pacific (20%) and Rest of World (10%).

On a related note, another research on Cloud Collaboration Market Global Forecast to 2021 says, Emerging trend of mobility and Bring-Your-Own-Device (BYOD) is driving the cloud collaboration market. The enterprise social collaboration solution is expected to gain the maximum traction during the forecast period. Latin America is expected to grow at the highest rate during the forecast period. The market size is estimated to grow from USD 23.39 billion in 2016 to USD 42.57 billion by 2021, at a CAGR of 12.7% from 2016 to 2021. Companies like IBM Corporation, Microsoft Corporation, Cisco Systems, Google Inc., Oracle Corporation, Salesforce.com, Jive Software, Intralink Holdings, Inc., Mitel Networks and Box have been profiled in this 138 pages research report available at http://www.reportsnreports.com/reports/328427-cloud-collaboration-market-by-solution-enterprise-content-management-document-management-system-unified-communication-project-management-enterprise-social-collaboration-worldwide-forecast-and-analysis-2014-2019-.html .

Explore more reports on the IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .

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