Market Overview:
Global Cloud Infrastructure Services Market was valued at USD 89.46 billion in 2021 and is expected to reach USD 262.13 billion by the year 2028, at a CAGR of 16.60%.
Cloud infrastructure services are essentially a term used to describe the hardware, abstract resources, storage, and network problems that make up the cloud computing infrastructure. You need a cloud infrastructure service in order to host apps and services for cloud infrastructure. Cloud infrastructure services are made up of a variety of parts that are all integrated into one another and supported by a singular architecture. As the penetration of the internet and the usage of smart devices are increasing, there is more and more need to have cloud infrastructure services to secure the large number of data that is being accessed on the daily basis by major corporations all across the globe. With the need to secure the data and to have easy access, organizations are opting for dynamic and advanced tools.
Top Key Players Covered In The Cloud Infrastructure Services Market:
- IBM (US)
- Microsoft (US)
- Google (US)
- Amazon (US)
- AWS (US)
- Oracle (US)
- Alibaba China)
- Fuitsu (Chins)
- Rackspace (US)
- DigitalOcean (US), and Other Major Players.
Market Dynamics and Factors:
One of the primary factors fueling the growth of the cloud infrastructure services market is the increase in data quantities around the world. The increased adoption of cloud-based technologies by customers in order to improve data security, integrity, and service delivery, as well as increasing internet penetration and smartphone adoption rates around the world, all contribute to market growth. The market is also influenced by the technology's increasing popularity because of its capacity to reduce setup costs, which aids in the management and maintenance of backend infrastructure, as well as the growth in cost-savings and ROI. Furthermore, urbanization and digitization, as well as the mainstreaming of edge computing and an increase in investment, have a beneficial impact on the cloud infrastructure services market.
Increasing IaaS benefits are also providing ample opportunities for the growth of the market. Principal providers, including Microsoft, are quickly moving their solutions to cloud-associated models such as Dynamics 365. Office 365, and Windows as a Service, to name a few. Overall, cloud growth is propelled not only by the development of IaaS but is also being encouraged by three talented cloud players, including Google, Microsoft, and IBM. However, global cloud infrastructure services face a few challenges, including high bandwidth costs, frequent monitoring and control, security concerns, unwillingness to retreat controls, and performance management in case of a slow cloud provider network.
Cloud Infrastructure Services Market Report Highlight:
- By Type, the Computer as a Service segment is anticipated to lead the growth of the Cloud Infrastructure Services market in the forecasted timeframe. Computer as a Service is an offering of computing where the provider supplies on-demand access to computing resources such as networking, storage, and servers. Within the providers’ infrastructure, clients run their platforms and applications.
- By Deployment Model, the Public Cloud segment is anticipated to lead the growth of the Cloud Infrastructure Services market in the forecasted timeframe. The advantages of using the public cloud include 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.
- The North American region is expected to have the highest share of the Cloud Infrastructure Services market over the projected period. The presence of prominent key players, as well as an increase in technological advancement, are the main factors driving the development of the market in this region.
Key Industry Development:
In December 2022, Microsoft and LSEG announced a 1-year strategic collaboration for next-generation data and analytics and cloud infrastructure solutions by making equity investments in LSEG through the acquisition of shares. Under the arrangements, LSEG’s data platform and other key technology infrastructure will migrate into Microsoft’s Azure cloud environment.
In October 2022, Oracle announced the expansion of its cloud infrastructure portfolio that will allow partners such as system integrators and telcos to sell and deliver cloud services to their customers. The cloud infrastructure platform will offer the full set of cloud infrastructure and platform services tailored to the needs of specific markets and industries.
Cloud Infrastructure Services Market Segmentation:
By Type
- Computer as a Service
- Storage as a Service
- Disaster Recovery and Backup as a Service
- Networking as a Service
- Desktop as a Service
- Managed Hosting
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
For this report, Introspective Market Research has segmented the Cloud Infrastructure Services Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
