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The Global Cloud Infrastructure Services Market is Expected to Foresee Significant Growth. North America to Lead the Growth!

The Global Cloud Infrastructure Services Market is expected to register a CAGR of around 16% over the period of 2021-2027. The cloud infrastructure services market experienced exponential during the forecast period due to factors such as cost-effectiveness, scalability, and lean management. Benefits such as moving to the cloud save the majority of initial costs and managing and updating the application on the cloud is a lot cheaper when compared to traditional ways of infrastructure contributing to the growth of the market. Furthermore, growing organizations are in constant requirement of more storage, optimizing resources from the cloud enables them to escape the large one-off payments of hardware and software, making operational costs minimal.  

Cloud is a better, faster, more powerful way to develop software and manage applications. It is a complex recipe of technologies and technical practices where application modernization, containers, and microservices mix with design thinking, agile, and SecDevOps (security, development, and operations).

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COVID-19 has boosted the demand for cloud infrastructure as the majority of the world was working from home during the lockdown. North America transpires to be the dominant market when it comes to revenue generated by the cloud infrastructure market, the region has been the early adopter of the technology. Furthermore, the region is generally more acceptable towards new technologies, The emerging sector for cloud computing services in the North America region is the healthcare sector. Cloud computing services are adopted mainly in the data recording and keeping in both clinical as well as non-clinical information. Also, North America consists of countries like Canada and USA, these countries have larger budgets for R&D and technology implementation.

Based on service type, the cloud infrastructure market is segmented into compute as a service, storage as a service, disaster recovery and backup service, networking as a service, desktop as a service, and managed hosting. Cloud compute as a service segment grabbed the major market share and dominated the market in 2020. Cloud services help in improving business performance due to various benefits such as agile deployment, secure & storage management, and low ownership cost, utility-based sharing models, and high-level computing. However, there are some factors that are limiting the growth of the market.

Based on the organization size, the market can be segmented into small & medium-sized enterprises and large enterprises. During the forecast period, small & medium-sized enterprises are expected to witness the highest CAGR. This is mainly due to the low implementation cost of cloud services and easy execution. Also, small companies don’t have enough mental and physical resources to burn-in operations.

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Based on industry vertical, the market is segmented into BFSI, IT and telecommunication, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life science, and others. IT and telecommunications segment grabbed the major market share and dominated the market in 2020. This is mainly due to the growing requirement for software solutions in various different industry verticals, and also a requirement for managing a larger quantity of data.

Based on deployment the cloud infrastructure is segmented into public cloud, private cloud, and hybrid cloud. During the forecast period, the public cloud is expected to hold the majority of the cloud market. Mainly due to its cost-effectiveness, and easy availability, this segment is gaining greater adoption. Also, public cloud services have gained huge traction in APAC, as enterprises seek to enhance their digital initiatives. With the pressure to achieve greater business agility and satisfy their customers, cloud computing has become the core of how many businesses operate nowadays. Organizations are working on optimizing both application performance and ensuring a good customer experience.

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For a better understanding of the market adoption of the cloud infrastructure services, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK., France, Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. Asia-Pacific is expected to witness the highest CAGR during the forecast period owing to growing internet literacy around the globe, and growing internet usage. As the world becomes increasingly digitized, demand for virtual platforms for easy business conduct is driving companies to encourage online commerce platforms. As the COVID-19 pandemic intensifies, businesses are effectively leveraging on-premises and cloud-based digital commerce solutions to sustain their businesses. Furthermore, growth is likely to perpetuate even in the post-pandemic scenario.

Some of the major players operating in the market include Amazon.com Inc., Google LLC, Microsoft Corporation, IBM Corporation, Alibaba Cloud, Rackspace Inc., Oracle Corporation, VMware Inc., Fujitsu Limited, and CenturyLink Inc., among others.

Cloud Infrastructure Services Market Segmentation

Market Insight, by Service type

• Compute as a Service
• Storage as a service
• Disaster Recovery and backup services
• Networking service
• Desktop as a Service
• Managed Hosting

Market Insight, by Organisation size

  • Small, and medium-sized enterprises
  • Large enterprises

Market Insight, by Industry vertical

• BFSI
• IT and telecommunication
• Government and Public Sector
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Media and Entertainment
• Healthcare and Life Sciences
• Others (Education and Travel and Hospitality)

Market Insight, by Deployment

  • Public cloud
  • Private cloud
  • Hybrid cloud

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany 
    • The United Kingdom 
    • France 
    • Italy 
    • Spain 
    • Rest of Europe 
  • Asia-Pacific
    • China 
    • Japan 
    • India 
    • Australia 
    • Rest of Asia-Pacific 
  • Rest of the World

Top Company Profiles

• Amazon.com Inc.
• Google LLC
• Microsoft Corporation
• IBM Corporation
• Alibaba Cloud
• Rackspace Inc.
• Oracle Corporation
• VMware Inc.
• Fujitsu Limited
• CenturyLink Inc.

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