$81.29 Billion Cloud Infrastructure Services Market - Global Forecast to 2023
DUBLIN, 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 growth 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
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Cloud Infrastructure Services Market
4.2 Market By Service Type, 2018
4.3 Market By Deployment Model, 2018
4.4 Market By Vertical, 2018 vs 2023
4.5 Market Investment Scenario, 2018-2023
5 Overview and Industry Trends
5.1 Market Overview
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investment in New Digital Transformation Initiatives By Governments
5.2.1.2 Increased Awareness Among Enterprises About the Benefits of Cloud and Its Adjacent Technologies
5.2.1.3 Business Continuity Requirements, Resulting in High Demand for Cloud Storage, Disaster Recovery, and Backup Services
5.2.2 Restraints
5.2.2.1 Strict Government Rules and Regulations
5.2.2.2 Limited Bandwidth Providers and Lack of Access to High-Speed Internet
5.2.3 Opportunities
5.2.3.1 Telecom Service Providers are Leveraging the Existing Infrastructure
5.2.3.2 Opportunities for MSPS
5.2.4 Challenges
5.2.4.1 Delivering Reliable Cloud Services to Certain Regions, Particularly Smaller Towns and Rural/Remote Areas
6 Cloud Infrastructure Services Market, By Service Type
6.1 Introduction
6.2 Compute as A Service
6.3 Storage as A Service
6.4 Disaster Recovery and Backup as A Service
6.5 Networking as A Service
6.6 Desktop as A Service
6.7 Managed Hosting
7 Market By Deployment Model
7.1 Introduction
7.2 Public Cloud
7.3 Private Cloud
7.4 Hybrid Cloud
8 Cloud Infrastructure Services Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9 Market By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 It and Telecommunications
9.4 Government and Public Sector
9.5 Retail and Consumer Goods
9.6 Manufacturing
9.7 Energy and Utilities
9.8 Media and Entertainment
9.9 Healthcare and Life Sciences
9.10 Others
10 Cloud Infrastructure Services Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Australia and New Zealand
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Qatar
10.5.4 South Africa
10.5.5 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 New Product Launches
11.2.2 Business Expansions
11.2.3 Acquisitions
11.2.4 Partnerships
12 Company Profiles
12.1 Introduction
12.2 AWS
12.3 Microsoft
12.4 Google
12.5 IBM
12.6 Alibaba
12.7 Rackspace
12.8 Oracle
12.9 Fujitsu
12.1 Digitalocean
12.11 Vmware
12.12 Centurylink
12.13 Dimension Data
12.14 OVH
12.15 DXC
12.16 Interoute
12.17 Joyent
12.18 Skytap
12.19 Virtustream
12.20 Profitbricks
12.21 Tencent
12.22 AT&T
12.23 NEC
12.24 Navisite
12.25 Bluelock
12.26 Verizon
For more information about this report visit https://www.researchandmarkets.com/research/zjcwz7/81_29_billion?w=5
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