Cloud Infrastructure Services Market – Grows as Digital Transformation Accelerates during (2022-2029)

Cloud Infrastructure Services Market was valued at US$ 45.71 Bn. in 2021 and is expected to reach US $ 103.10 Bn. by 2029, at a CAGR of 10.7% during a forecast period.

Cloud Infrastructure Services Market Overview:

Cloud Infrastructure Services Market was valued at US$ 45.71 Bn. in 2021. Low costs, scalability, flexibility, and security are the major growth drivers for the market. The cloud infrastructure service options allow for faster Time-to-Market (TTM) and application development and deployment. Furthermore, the growing requirement for enterprises to reduce operational expenses and IT infrastructure maintenance is driving the adoption of cloud infrastructure services. According to Forbes, with so many industries and corporations adopting cloud services, 83 % of workloads performed by diverse enterprises would end up on the cloud by 2021. Furthermore, according to SysGroup, demand for cloud services increased by 18% in 2021.Cloud Infrastructure Services MarketTo know about the Research Methodology :- Request Free Sample Report

Cloud Infrastructure Services Market Dynamics:

In the most recent quarter, Google Cloud surged by 66 %, gaining an 8 %. It became carbon neutral in 2021 and, for the first time in 2021, purchased more renewable energy than the entire quantity of electricity it consumed. Last year, Google declared that it has offset all of its historic carbon emissions and established a goal to power all of its data centers and campuses on renewable energy by 2030. By disclosing the power consumption effectiveness (PUE) for all of its data centers, Google has pushed for greater sustainability transparency. Google Cloud has also created machine learning algorithms to help users power workloads based on renewable energy availability. 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. Furthermore, in the projected period of 2022 to 2029, a surge in the adoption of hybrid cloud services provides profitable prospects for market players. Employee reluctance to refresh existing skills and concerns about data loss, on the other hand, are expected to hamper the market growth. In the forecast period of 2022-2029, compatibility concerns with legacy systems and the need to address regulatory and compliance policy needs are expected to provide challenges to the cloud infrastructure services market.

Cloud Infrastructure Services Market segment analysis:

Based on service type, Storage as A Service segment held the largest market share of xx% in 2021. Cloud infrastructure services are being used by businesses of all sizes and industries to improve productivity, cut server costs, and provide access to data from anywhere. The disaster recovery and backup as a service sector are expected to grow at the quickest CAGR throughout the forecast period, while storage as a service is expected to have the largest market size in 2021. Because of their simplicity of use, cheap operating costs, and flexibility, cloud infrastructure services have become an integral part of business processes. Cloud Infrastructure Services MarketBased on the deployment model, the public cloud deployment strategy is expected to have the greatest market size in 2021, according to estimates. The simplicity and ease of deployment are two of the benefits of using the public cloud. The initial investment required for the implementation is minimal, and there are no infrastructure management duties. Scalability, reliability, flexibility, utility-style costing, and location independence are all advantages of the public cloud.

Cloud Infrastructure Services MarketCloud Infrastructure Services Market Regional Insight:

North America dominates the cloud infrastructure services industry due to the presence of large technical businesses and favorable government laws. Asia-Pacific is expected to grow at the quickest rate from 2021 to 2029, owing to increased demand from developing economies in the region. Individual market influencing factors and regulatory changes in the domestic market are also discussed in the national portion of the study, as they have an impact on the market's current and future trends. Case studies, research into downstream and upstream value chains, technical trends, and Porter's five forces analysis are just a few of the data sources used to estimate market scenarios for individual regions. When giving clear strategy of national data, the presence and availability of global brands, as well as the obstacles they face owing to strong or scarce competition from local and domestic brands, the effect of domestic tariffs, and trade routes, are all taken into account.

Recent Development:

• May 2021 - Blue Prism, a leading robotic process automation company, launched a Bring Your Own License (BYOL) solution on the Oracle Cloud Marketplace, making it easier to deploy and connect Blue Prism with Oracle applications. • Oracle has teamed up with VMware to assist clients in deploying hybrid cloud solutions. Customers should be able to execute their hybrid cloud strategy using VMware Cloud Foundation on Oracle Cloud Infrastructure as a result of this agreement. Customers will be able to easily move VMware vSphere workloads to Oracle's Generation 2 Cloud Infrastructure and benefit from consistent infrastructure as a result of this agreement, according to the firm. • AWS boosted its global reach in August 2021 by opening additional data centres in Hong Kong. This newly opened data centre allows business clients to operate apps and retain information in Hong Kong data centres while remaining connected to the AWS global network. The objective of the report is to present a comprehensive analysis of the Cloud infrastructure market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Cloud Infrastructure Services market dynamics, structure by analyzing the market segments and projects the Cloud Infrastructure Services market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cloud Infrastructure Services market make the report investor’s guide.

Cloud Infrastructure Services Market Scope: Inquire before buying

Global Infrastructure Services Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 45.71 Bn.
Forecast Period 2022 to 2029 CAGR: 10.7% Market Size in 2029: US $ 103.10 Bn.
Segments Covered: by Service Type • Compute 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
by Organization Size • Small and Medium-Sized Enterprises • Large Enterprises
by Industry Verticals • BFSI • It and Telecommunications • Government and Public Sector • Retail and Consumer Goods • Manufacturing • Energy and Utilities • Media and Entertainment • Healthcare and Life Sciences • Others

Cloud Infrastructure Services Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Cloud Infrastructure Services Market, Key Players

• AWS • Microsoft • Google • IBM • Alibaba • Rackspace • Oracle • Fujitsu • Digitalocean • Vmware • Centurylink • Dimension Data • OVH • DXC • Interoute • Joyent • Skytap • Virtustream • Profitbricks • Tencent • AT&T • NEC • Navisite • Bluelock • Verizon

Frequently Asked Questions:

1. Which region has the largest share in Cloud Infrastructure Services Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Cloud Infrastructure Services Market? Ans: The Cloud Infrastructure Services Market is growing at a CAGR of 10.7 % during forecasting period 2022-2029. 3. What segments are covered in Cloud Infrastructure Services market? Ans: Cloud Infrastructure Services Market is segmented into Service type, deployment model, organization size, industry verticals and region. 4. Who are the key players in Cloud Infrastructure Services market? Ans: The important key players in the Cloud Infrastructure Services Market are – AWS, Microsoft, Google, IBM, Alibaba, Rackspace, Oracle, Fujitsu, Digitalocean, Vmware, Centurylink, Dimension Data, OVH, DXC, Interoute, Joyent, Skytap, Virtustream. 5. What is the study period of this market? Ans: The Cloud Infrastructure Services Market is studied from 2021 to 2029.
1. Global Cloud Infrastructure Services Market: Research Methodology 2. Global Cloud Infrastructure Services Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Cloud Infrastructure Services Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Cloud Infrastructure Services Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Cloud Infrastructure Services Market Segmentation 4.1. Global Cloud Infrastructure Services Market, by Service Type(2021-2029) • Compute as A Service • Storage as A Service • Disaster Recovery and Backup as A Service • Networking as A Service • Desktop as A Service • Managed Hosting 4.2. Global Cloud Infrastructure Services Market, by Deployment Model (2021-2029) • Public Cloud • Private Cloud • Hybrid Cloud 4.3. Global Cloud Infrastructure Services Market, by Organization Size (2021-2029) • Small and Medium-Sized Enterprises • Large Enterprises 4.4. Global Cloud Infrastructure Services Market, by Industry Verticals(2021-2029) • BFSI • It and Telecommunications • Government and Public Sector • Retail and Consumer Goods • Manufacturing • Energy and Utilities • Media and Entertainment • Healthcare and Life Sciences • Others 5. North America Cloud Infrastructure Services Market(2021-2029) 5.1. North America Cloud Infrastructure Services Market, by Service Type(2021-2029) • Compute as A Service • Storage as A Service • Disaster Recovery and Backup as A Service • Networking as A Service • Desktop as A Service • Managed Hosting 5.2. North America Cloud Infrastructure Services Market, by Deployment Model (2021-2029) • Public Cloud • Private Cloud • Hybrid Cloud 5.3. North America Cloud Infrastructure Services Market, by Organization Size (2021-2029) • Small and Medium-Sized Enterprises • Large Enterprises 5.4. North America Cloud Infrastructure Services Market, by Industry Verticals(2021-2029) • BFSI • It and Telecommunications • Government and Public Sector • Retail and Consumer Goods • Manufacturing • Energy and Utilities • Media and Entertainment • Healthcare and Life Sciences • Others 5.5. North America Cloud Infrastructure Services Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Cloud Infrastructure Services Market (2021-2029) 6.1. European Cloud Infrastructure Services Market, by Service Type(2021-2029) 6.2. European Cloud Infrastructure Services Market, by Deployment Model (2021-2029) 6.3. European Cloud Infrastructure Services Market, by Organization Size (2021-2029) 6.4. European Cloud Infrastructure Services Market, by Industry Verticals(2021-2029) 6.5. European Cloud Infrastructure Services Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cloud Infrastructure Services Market (2021-2029) 7.1. Asia Pacific Cloud Infrastructure Services Market, by Service Type(2021-2029) 7.2. Asia Pacific Cloud Infrastructure Services Market, by Deployment Model (2021-2029) 7.3. Asia Pacific Cloud Infrastructure Services Market, by Organization Size (2021-2029) 7.4. Asia Pacific Cloud Infrastructure Services Market, by Industry Verticals(2021-2029) 7.5. Asia Pacific Cloud Infrastructure Services Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Cloud Infrastructure Services Market (2021-2029) 8.1. Middle East and Africa Cloud Infrastructure Services Market, by Service Type (2021-2029) 8.2. Middle East and Africa Cloud Infrastructure Services Market, by Deployment Model (2021-2029) 8.3. Middle East and Africa Cloud Infrastructure Services Market, by Organization Size (2021-2029) 8.4. Middle East and Africa Cloud Infrastructure Services Market, by Industry Verticals(2021-2029) 8.5. Middle East and Africa Cloud Infrastructure Services Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Cloud Infrastructure Services Market (2021-2029) 9.1. Latin America Cloud Infrastructure Services Market, by Service Type(2021-2029) 9.2. Latin America Cloud Infrastructure Services Market, by Deployment Model (2021-2029) 9.3. Latin America Cloud Infrastructure Services Market, by Organization Size (2021-2029) 9.4. Latin America Cloud Infrastructure Services Market, by Industry Verticals(2021-2029) 9.5. Latin America Cloud Infrastructure Services Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. AWS 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. Microsoft 10.3. Google 10.4. IBM 10.5. Alibaba 10.6. Rackspace 10.7. Oracle 10.8. Fujitsu 10.9. Digitalocean 10.10. Vmware 10.11. Centurylink 10.12. Dimension Data 10.13. OVH 10.14. DXC 10.15. Interoute 10.16. Joyent 10.17. Skytap 10.18. Virtustream 10.19. Profitbricks 10.20. Tencent 10.21. AT&T 10.22. NEC 10.23. Navisite 10.24. Bluelock 10.25. Verizon

About This Report

Report ID 28461
Category Information Technology & Telecommunication
Published Date Oct 2022
Updated Date
Contact Us