According to the new research report on "Cloud Infrastructure Market by Type
(Hardware: Server, Storage, Switch, Services: Platform as a Service, Infrastructure
as a service, Content/Application Delivery Network, Managed Hosting,
Colocation), End-User Industry & Geography - Global Forecast to 2022",
the market is expected to be worth USD 209.66 Billion by 2022, at a CAGR of
12.9% between 2016 and 2022.
The growth of this market is majorly driven by
increasing ICT spending and trend of big data and analytics; rising demand from
organizations for agile, scalable, and cost-effective computing; increasing
number of digital services and their applications; and high penetration of
hybrid cloud.
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Cloud infrastructure services held the largest
market size
Currently,
most organizations are investing heavily in developing software and
applications that are deployed on-premises. By embracing the cloud services,
the storage infrastructure and equipment costs within the organizations are
getting optimized due to the faster deployment capabilities, along with
business activities and productivity at employees’ end. This fact is increasing
the adoption trends of infrastructure as a service (IaaS) and platform as a
service (PaaS) in various industries, thereby driving the growth of the market
for cloud services.
The cloud infrastructure market for the healthcare
industry expected to grow at the highest CAGR during the forecast period
Several
healthcare organizations are progressively automating their IT infrastructure
to unify the complex IT infrastructures by combining storage, applications,
network, and data. Having their IT infrastructure automated, it simplifies
healthcare organizations’ patient care and facility management data, which help
to optimize the flow of information between the facilities’ equipment, medical
systems, and applications. The automation of healthcare organizations’ IT
infrastructure can help in simplify command and control through their own
protocol and reduce the facilities’ overall cost of operation.
North America accounted for the largest share of the
cloud infrastructure market
North
America held the largest share of the cloud infrastructure market, owing to the
increasing IT capacity requirements and growing adoption of new data center
technologies. The market in the U.S. is expected to experience a greater
traction as a significant number of organizations would opt for cloud services
to save their upfront cost of building new data centers for business
continuity. Therefore, cloud providers have an opportunity to expand their
customer base by offering solutions according to their growth strategies. The
major trends influencing the growth of this market include cost benefits of
cloud-based solutions and improving disaster recovery and business continuity
across various organizations.
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The
key players in this market include, IBM Corporation (U.S.), Hewlett-Packard
(U.S.), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), EMC Corporation (U.S.),
AWS (Amazon Web Services) (U.S.), Alphabet Inc (Google) (U.S.), Salesforce.com
(U.S.).
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