Cloud Infrastructure Services Market to Witness A Sizable Expansion During Assessment Period

Cloud Infrastructure Services Market to Witness A Sizable Expansion During Assessment Period - ZMR

iCrowd Newswire
16 Sep 2020, 05:24 GMT+10

Global demand cloud infrastructure services market was valued at around USD 62.83 billion in 2018, and is expected to reach approximately 200.14 billion in 2025, at a CAGR slightly above 18% between 2018 and 2025.

A virtual infrastructure which is accessed thru the internet or a network is referred to as cloud infrastructure. This basically refers the services on demand, in other words the delivery of the products or services being made via a model infrastructure as a service (IaaS), a delivery model of cloud computing.

The demand for the cloud infrastructure services is anticipated to witness growth in the forecast period. Owing to the availability of these services at a very low cost, and their scalability, flexibility and security are some of the factors driving market demand for the market. The surging pressure owing to uncertain economic and business conditions are forcing numerous companies to opt flexible IT solutions, thus shifting to OPEX model provided by cloud infrastructure services. This model saves time and money for the organization if properly implemented, thus driving lot of end users to opt it.

Moreover, the businesses and organization of all sizes are gradually opting for cloud infrastructure services to lower the cost of server space, enhance efficiency along with access of data anytime anywhere. Furthermore, the backup as a service is expected to witness growth in the coming years. Enterprises that lack enough funds and have fewer funds to allocate in different department heads are opting for cloud infrastructure services to maintain their storage hardware or infrastructure. The rising maintenance and infrastructure cost are propelling the demand for the market as it helps in lowering down capital and operational expenditure. The rising demand for pay-as-you-go model is rapidly gaining popularity amongst enterprises and organizations. This model helps enterprises in reducing their cost, as they will only be charged for what it was used.

The cloud infrastructure services market is segmented on the basis of service, deployment, organization size and vertical. The deployment is segmented into private cloud, public cloud and hybrid cloud. Public deployment model is anticipated to have a significant share in cloud infrastructure services market in the predicted period. The public cloud share resources (like servers, racks and CPU) with several other businesses subjected to their demand. It requires low maintenance and less setup; it also provides accessibility 24/7 from anytime, anywhere. Owing to its several benefits such as reliability, scalability, flexibility, unit-wise costing and accessibility independence, public cloud deployment is expected to support growth.

On the basis of region is anticipated to grow at a significant rate over the projected period in cloud infrastructure services market. The rising call for low cost and fast services delivery processes along with full security during operating in cloud is anticipated to propel market demand in the forecast period.

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Renowned cloud infrastructure services market players are IBM, Google, Oracle, Microsoft, AWS, Verizon, AT&T, VMware and Verizon among others.

The report segments cloud infrastructure services market as follows:

Global Cloud Infrastructure Services Market: Service Segment Analysis