Cloud Infrastructure Service Market: Current Analysis and Forecast (2021-2027)

Report Description

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Organizations prefer the cloud for a series of reasons such as cost-effectiveness, scalability, and lean management. Moving to the cloud saves the majority of the initial cost. Moreover, managing and updating application on the cloud is a lot cheaper, when compared to traditional ways of infrastructure. 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.

Thus, Global Cloud Infrastructure Market is expected to witness a robust CAGR of 16% during the forecast period 2021-2027F.

Insights Presented in the Report

“Amongst service type, storage as a service market category accounted for the majority share in the market in 2020”

Based on service type, storage as a service is expected to grab the majority of the market during the forecast period. Organizations across all sizes and industries are leveraging cloud infrastructure services for improving efficiency, lowering the cost of server space, and access to data anywhere. Increasing demand for storage as a service from the smartphone sector is anticipated to drive the market growth throughout the forecast period. With the proliferation of smartphones, market trends shifted towards applications that demand more storage space and computing power.

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“Amongst Organization Size, the Small & medium segment is expected to witness highest CAGR during the forecast period”

Based on the organization size, the market is bifurcated 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.

“Amongst Industry Vertical, IT and Telecommunications is expected to witness the highest CAGR during the forecast period”

Based on industry vertical, the market is segmented into BFSI, IT and telecommunication, government and public sector, retail & 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.

“Amongst Deployment, Public cloud is expected to grow at the highest CAGR during the forecast period”

Based on deployment, the cloud infrastructure is segmented into public cloud, private cloud, and hybrid cloud. During the forecast period, the public cloud grabbed the major market share and dominated the market. Factors such as its cost-effectiveness, and easy availability are contributing to the market growth. 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.

“North America to witness significant growth during the forecast period”

North America transpires to be the dominant market when it comes to revenue generated by the cloud infrastructure services market.  The region has been the early adopter of the technology. The emerging sector for cloud computing services in the North Americans region is the healthcare sector. The 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.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for The Global Cloud Infrastructure Services Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Cloud infrastructure services market were the three major steps undertaken to create and analyze the adoption of cloud infrastructure services in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Cloud infrastructure services market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Cloud infrastructure services market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Cloud infrastructure services market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as service type, organization size, industry vertical, and deployment. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Cloud infrastructure services market. Further, we conducted factor analysis using dependent and independent variables such as various service type, organization size, industry verticals, and deployment of Cloud infrastructure services. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Cloud infrastructure services market sector across the globe. 

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Cloud infrastructure services market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of cloud infrastructure services market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Cloud infrastructure services market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Cloud infrastructure services market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of services type, organization size, industry vertical, and deployment in the global Cloud infrastructure services market.

The main objective of the global cloud infrastructure services market study

The current & future market trends of the global Cloud infrastructure services market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Cloud infrastructure services market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of services type, organization size, industry vertical, and deployment.
• Define and analysis of the regulatory framework for the Cloud infrastructure services market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Cloud infrastructure services market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
• Company profiles of the Cloud infrastructure services market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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