Cloud Infrastructure Services Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2026)

By Author: Statzy Market Research
Total Articles: 979
Comment this article

The primary growth drivers for the market include low costs, scalability, flexibility, and security. The cloud infrastructure service offerings give accelerated Time-to-Market (TTM) and rapid application development and running processes. Moreover, the expanding need to decrease the operational costs and maintenance of the IT infrastructure also boosts the adoption of cloud infrastructure services by several organizations. Furthermore, according to Forbes, with so many industries and companies adopting cloud services, by 2020, a total of 83% of workloads done by various enterprises will end up on the cloud. Additionally, according to SysGroup, demand for cloud services had grown by 18% in 2019.

- Based on the service type, the storage as a service, service type is expected to hold a larger market size during the forecast period. According to Eurostat, email services and file storage are the predominant uses for cloud computing in the EU, with 66% and 53%, respectively. Email management remains steady, while file storage purposes have increased by a whopping 15%. Other more recent needs include hosting company database, ...
... more specifically virtual private server (VPS) hosting.

- 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 impelled not only by the growth of IaaS but is also being encouraged by three talented cloud players, including Google, Microsoft, and IBM.

- Among deployment models, the public cloud deployment model is estimated to hold the largest market size during the forecast period. According to the RightScale 2019 State of Cloud report, 91% of businesses reported using a public cloud infrastructure service, 72% opting for a private cloud infrastructure solution, and 69% selecting a hybrid solution.

- However, the 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.

- Despite concern over data losses are considered to be a major hindrance to the growth of the
market. According to Gemalto, 75% of IT experts find managing privacy and data protection in a cloud environment to be more complicated than on-premises. With more and more corporate data being collected in the cloud (43%), this poses a security risk.

- However, due to COVD-19, Cloud Infrastructure Services and support services have been affected globally. The current crisis due to the pandemic may see work volume increase for many of the contracts in the short term as firms need to use service partners to support home working arrangements, which in turn could provide a boost to the market.

Download Free PDF @ https://www.statzyreports.com/report/sr498830/cloud-infrastructure-services-market

Key Market Trends

Public Cloud Holds a Dominant Market Share

- The public cloud-based deployment model sees growing demand due to its cost-effectiveness and easy availability. The public cloud is based on the cloud computing model, which shares resources (such as CPU, servers, and racks) among several businesses depending on its demand.

- Public cloud-based solutions need fewer physical setup and low maintenance, and provides 24/7 accessibility from any time, anywhere. Due to various benefits of public clouds, such as scalability, reliability, flexibility, utility-style costing, and location independence services, public cloud-based deployments are expected to record a high growth rate.

- Moreover, according to Forbes, worldwide public cloud service market to grow to USD 331.2 billion by 2022. Also, CWS Technology says that public cloud services are the most popular in hotel and leisure use (28%). Additionally, the Rightscale report indicates that in 2019, many firms are prioritizing public cloud services - 38% to be exact.

- Amont the public cloud infrastructure service providers, Visual Capitalist, say that AWS has over a million active users spread across 190 countries, supporting the fact that AWS covers 41.5% of the entire public cloud market.

- A principal purpose for the hypergrowth of the public cloud is its affordability. According to MultiSoft Corporation Small and, medium businesses find it 40% more cost-effective to employ third-party cloud platforms than maintaining an in-house system.

North America to Drive the Cloud Infrastructure Services Market

- At present, North America is commanding the global cloud infrastructure services market share due to an escalation in the adoption of cloud-based IT services and huge investments by organizations in Information Technology infrastructure in research and development of cloud infrastructure.

- The U.S. dominates the cloud infrastructure services industry due to the attendance of principal vendors and the soaring adoption rate of cloud-based services to decrease costs for data centers and improve business continuity. The market growth is connected to the presence of major technology players such as Google, Amazon, and Microsoft.

- This area is also a principal center for technology start-ups. Favorable business conditions and supportive government policies have encouraged businesses to develop advanced cloud platforms. Moreover, increasing venture capital in cloud technology by prominent tech players has also driven market growth.

- The availability of skilled labor and the keen focus of SMEs and large enterprises to enter and grow in North America are also primary driving factors for the adoption of cloud infrastructure services in the region.

- The increasing adoption of advanced application development technologies and increasing data volumes will also drive the significant growth market during the forecast period. The public cloud is gaining massive approval in this region due to its low costs, on-demand availability, and improved security.

Competitive Landscape

The Cloud Infrastructure Services Market is highly competitive and consists of several major players. As the competition among market players is increasing, organizations are looking for more advanced business models to reduce their time to market and switching to cloud infrastructure to improve business agility. The notable members keep innovating and spending in research and development to present a cost-effective product portfolio. The major companies operating in the cloud infrastructure services market are AT&T, Alibaba, Dimension Data, AWS, IBM, InterVision, Oracle, Microsoft, and Google, among others.

- May 2020 - Blue Prism, a key robotic process automation player, started providing a Bring Your Own License (BYOL) offering on the Oracle Cloud Marketplace, making it easier to deploy Blue Prism and integrate it with Oracle software.

- September 2019 - Oracle partnered with VMware to help clients in implementing hybrid cloud strategies. Beneath this partnership, customers are expected to be able to perform their hybrid cloud strategies by running VMware Cloud Foundation on Oracle Cloud Infrastructure. This partnership the company anticipates to allow customers to quickly migrate VMware vSphere workloads to Oracle's Generation 2 Cloud Infrastructure and take benefit of consistent infrastructure and operations.

- August 2019 - AWS expanded its global presence by starting new data centers in Hong Kong. This recently launched data center enables its commercial clients to run applications and save their content in data centers in Hong Kong while connecting to the global AWS network.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit : https://www.statzyreports.com/report/sr498830/cloud-infrastructure-services-market

Contact Us:
Poojan Dogra
Public Relations Manager
Email : sales@statzyreports.com
Email : info@statzyreports.com
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

StatzyReports is the premier global market research and business reports company based in India. StatzyReports.com functions under Statzy Market Research. We offer our expertise globally in services related to market research, business strategy consulting, surveys or questionnaire, forecast and statistical data analysis. Our experience working with major business and customer driven companies enabled us to develop some of the best winning strategies for succeeding in various global markets. Our globally renowned experts mastered the art of perfection with their unique skillset and vast experience in research and data analytics.