HOME › Research Insight › Faster deployment and scalability, enhanced efficiency and business productivity, and cost flexibility drives the cloud infrastructure services market.
Faster deployment and scalability, enhanced efficiency and business productivity, and cost flexibility drives the cloud infrastructure services market.
Cloud infrastructure services offers the most flexible and powerful tools to fit the requirement of the enterprise seeking cloud based services. The types of services offered in this market comprises IaaS, PaaS, CDN/ADN, managed hosting, and colocation services. The business processes are continuously changing and there is an urgent need to develop infrastructure platform for the organization. The right solution with advanced technology would allow the businesses to react to the changes and make quick decision.
The organizations continue to shift workloads to the cloud in order to improve uptime, and offer improved service level. The vision of future is coming close to reality and businesses are capturing vast quantities of data with the end goal of maintaining good customer relationship. Infrastructure as a Service is increasingly being adopted by the enterprises followed by PaaS. The enterprise and its clients are now shifting towards the Hybrid Cloud Infrastructure model instead of traditional infrastructure outsourcing to provide better infrastructure services to the end users.
The cloud infrastructure services market is estimated to grow from $55.73 billion in 2014 to $93.50 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 10.9% from 2014 to 2019. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while emerging economies such as Asia-Pacific (APAC), Latin America (LA), and Middle East and Africa (MEA), are expected to experience increased market traction with high CAGRs, in due course.
North America is one of the growing regions in the cloud infrastructure services market that accounts for the largest market share as compared to other regions in the overall market in 2014. The major driver for this region is high penetration rate in BFSI, retail, telecommunication and IT industries. North America has a high penetration rate because most of the cloud infrastructure services vendors are based in North America region only.
MarketsandMarkets has highlighted these key findings from its latest research report. The Cloud Infrastructure Services Market: Worldwide Market Forecast and Analysis (2014 – 2019) report is now for sale.
The report provides an overview of the drivers, restraints, opportunities, and challenges that impact this market. The report also segments and forecasts the overall cloud infrastructure services market in terms of types of services, deployment models, verticals, and regions.
Cloud Infrastructure Services Market by Service Type (PAAS, IAAS, CDN/ADN, Managed Hosting, and Colocation), by Deployment Model (Public, Private, and Community) - Worldwide Forecast and Analysis 2014 - 2019
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