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Global Statistics Representing Cloud Infrastructure Service Market Scenario

Cloud infrastructure refers to a virtual infrastructure accessed or delivered through the network or the internet. This usually refers to on-demand services or products that are being delivered through the model known as infrastructure as a service (IaaS). Increasing government initiatives to adopt technologies for digital transformation such as cloud and analytics are expected to propel the cloud infrastructure service market.

Cost effective services offered by cloud are one of the major factors that is likely to drive the market growth during the forecast period 2019–2026. Moreover, accessing data in the network through a common storage space is also likely to drive the cloud infrastructure market growth due to ease of access, availability of data at any point of time, and portability among others. Companies approach towards automation for achieving specific business goals is further expected to drive the cloud infrastructure market.

However, even after cloud offering with numerous benefits large organizations are tentative about transferring its data to the cloud due to various security concerns. Although it’s rapidly being adopted across organizations owing to its enhanced cloud-based technology services which is further expected to bring in opportunities for cloud infrastructure service market.

Global cloud infrastructure market was valued at USD 23.21 billion in 2017 and anticipate to grow at CAGR 16.1% during the forecast period 2019—2026.

Market Dynamics

The cloud infrastructure market is expected to witness dynamic growth during the forecast period 2019–2026. This is attributed due to increased ICT spending and trend of analytics and big data. Additionally, growing demand from organizations for agile, cost-effective and scalable computing drives the market growth.

Moreover, rising number of digital services and its applications are further expected to fuel the market. High penetration of hybrid cloud is also expected to boost the market in near future.

Intended Audience

  • Cloud Infrastructure service vendors
  • System integrators
  • Potential Investors
  • Government organizations
  • Research Institutes

Segmental Insights

The global cloud infrastructure service market is segmented by type, deployment model, enterprise size, and region.

On the basis of type, the global cloud infrastructure service market is segmented into compute as a service, storage as a service, disaster recovery and backup as a service and others. Embracing cloud services is expected to continue owing to rise in demand to the improved usage of cloud-based services such as increased efficiency, mobility, streamlined connectivity, cost-effectiveness, and speed of connectivity. With cloud computing on increasing demand it is thereby predicted to raise the demand for cloud services and solutions influencing the market grow in the segment.  Additionally, software as a service which is licensed on subscription basis and centrally hosted is expected to witness prominent growth in cloud infrastructure service market. Furthermore, the growing demand for Google apps, Salesforce, and Citrix GoToMeeting is likely to represent largest share in cloud market. According to KPMG, embracing platform as a service (PaaS) is expected to witness significant growth in cloud platforms—rising from 32% in 2017 to 56% adoption in 2020. These solutions offer platforms which will allow its customers to develop, launch and manage applications which are easier to maintain and build infrastructure.

By deployment model, the global cloud infrastructure service market is segmented into public, private and hybrid. Hybrid cloud solutions is expected to witness significant growth in cloud infrastructure market owing to cloud to cloud connectivity and cloud to on-premise connectivity options offered by hybrid deployment model for connecting multiple solutions.

Based on enterprise size, the global cloud infrastructure service market is segmented into SME and large enterprise. Enterprise segment is likely to witness considerable growth in cloud infrastructure market in coming years due to most of the enterprises inclining towards cloud-based services along with its on-premise solutions with various customizations to best fit its business requirements.

Regional Insights

Geographically, the global cloud infrastructure service market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa (LAMEA).

North America is expected to witness dynamic growth in cloud infrastructure market owing to early adoption of advanced technologies and embracing cloud technologies in the region. Additionally, owing to the presence of leading players and rise in adoption of personal cloud services by companies is further expected to drive the market growth in the region. Moreover, introduction of state-of-art data centers are expected to be the ideal gateways to North America which minimizes the financial investments required to outsource mission-critical IT equipments. These data centers are designed to maximize efficiency making it easily scalable. Furthermore, optimized IT infrastructure minimizes long-term environmental impact placing a strong emphasis on sustainability of data centers in designs and operations. These factors are likely to drive the cloud infrastructure market growth in the region.

Europe is expected to witness significant growth in the cloud infrastructure service market due to number of policies and joint research initiatives in the context of international corporation. European Commission introduced ‘Digital Single Market’ strategy which aims to open digital opportunities for individuals and businesses enhancing Europe’s position as a world leader in digital economy is further expected to fuel the market growth in the region. Among many policy collaborations in Europe one of the effective projects in Europe and Japan with high visibility was ‘ClouT’—a project representing cloud computing and the Internet of Things (IoT) to create smart cities. The results of ClouT were open to cloud and IoT communities assisting smart cities offering responsive services to improve the quality of life of its citizens. Furthermore, the ClouT field trials are being deployed in four cities including Genova (Italy), Santander (Spain), and Mitaka & Fujisawa (Japan) validating innovative applications beneficial for smart city domains.

According to Accenture, economic transformation in Asia Pacific is influenced by the growth of digital economy and financial services industry. Additionally, it also predicted that critical business applications in the Cloud is expected to increase from 2% in 2015 to 45% in 2025. Moreover, Asia Pacific the most valuable market to Google Cloud supports its business to grow due to long term investments in the region. The expansion of global cloud platforms (GCP) by Google in these regions promises to bring technical innovations closer for its business processes.

However, LAMEA is expected to witness a healthy growth in cloud infrastructure service market owing to developing network infrastructure in the region providing better growth opportunities in near future.

Key Players

Some of the major players in the global market are IBM Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle (U.S.), Google (U.S.), Fujitsu (Japan), Alibaba (China), DigitalOcean (U.S.), VMware (U.S.), Rackspace (U.S.), Verizon (U.S.), CenturyLink (US), Bluelock (US), OVH (France), Dimension Data (South Africa), Interoute (U.K).

Segmentation

  • By Type
    • Compute as a service
    • Storage as a service
    • Disaster recovery and backup as a service
    • Others
  • By Deployment Model
    • Public
    • Private
    • Hybrid
  • By Enterprise Size
    • Small and medium enterprise (SMEs)
    • Large enterprise
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • LAMEA

Why buy this report?

Our report covers the global cloud infrastructure service market insights, focusing on recent developments in the market in different regions and development strategies of the companies. Moreover, following sections are specifically covered in the report.

  • Competitive Analysis
  • Market concentration of top five players
  • Potential Ventures
  • Case study: Cloud Infrastructure Service Market


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