North America Market Insights on Cloud Infrastructure: Insights and Forecast 2018-2024

Report Description

With the tremendous boost in digital innovation at global scale, cloud computing has emerged as computing paradigm where the number of enterprises is diverting their IT Spending towards the various digital platforms and cloud computing one among the key trends. Cloud computing is one such technological transformation where the number of systems are connected in private or public networks and focus on the provision of dynamically scalable infrastructure for application, data and file storage. It possesses the potential to transform the data center from a capital-intensive unit to variable priced environment. With the advent of cloud services, there is a considerable shift of these resources into the cloud which offers cost-effective benefits to both consumers and businesses.

North America occupied the prominent position in cloud computing in 2014 and is geared to continue to its dominance in years to come. Cloud infrastructure market in North America was accounted at US 138.5 Billion in 2017, it is further anticipated that by 2024 it will flourish to US XXX Billion registering the growth of XX during 2018-2024 period. The US and Canada constitute as the leading regions that have drastically implemented cloud computing in their business operations while Mexico follow the suit. Cloud computing business in North America has witnessed healthy expansion not only in terms of adoption but also in terms of revenue. Earmark of leading vendors in cloud infrastructure services and considerable adoption of personal cloud services by numerous players operating in the cloud services across the globe is supporting the augmentation of North America cloud computing market. Furthermore, rising investments by various organizations in IT Infrastructure and cloud services and promotion of Cross-Border Privacy Rules by the United States is further anticipated to expand the opportunities for the region.  For instance, Walmart recently has entered into 5 year deal with Microsoft to enhance broad base of cloud a strategy that is expected to further support the retail giant to accelerate its digital transformation.

Graphical Representation of Cloud Computing Deployment Model Analyzed in the Study

Taking into consideration, the market drivers, shift towards subscription based model, augmenting internet penetration and technical and innovative upgradation have tremendously bolstered the cloud computing services in North America Cloud Infrastructure Market. Cloud computing has significantly allowed the sharing and scalable deployment of services from almost any location and customer is billed based on actual usage. Moreover, higher per capita GDP in US and Canada has significantly enabled high information and communication technology adoption. Moreover, total mobile data usage is also anticipated to grow by more than 35% annually by 2021. However, hindering factors pertaining to security concerns and interoperability of technology in terms of privacy related to storing and securing the data and monitoring the use of cloud by service providers needs to be addressed.

North America Cloud Infrastructure Market, By Public Cloud Services, 2017

Source: UnivDatos Market Insights

Insights Presented in the Report:

• The report analyses the cloud Infrastructure service majorly for public and private deployment model in North America region. To further add to the analysis the report also segments the market based on cloud infrastructure service, end user industry which is deployed in different country worldwide.
• The report analysis all the potential countries which has showcased increased deployment of cloud service over the last decade. Public and private cloud deployment model is further bifurcated into different services including public cloud (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business process as a Service (BPaaS) and cloud advertising. Cloud advertising public cloud services dominated the market in 2017 with a market share of 44%.
• Private cloud deployment model is segregated into managed hosting and Co-Location and former held the maximum share in the cloud market of North America. It has been estimated that Managed Hosting will account US 114 Billion revenues by 2024.
• The report also analysis the different potential end-user industries who are most frequent adaptor and are most likely to be the likely to be the growth driver for the industry. Banking, Financial Services and Insurance, Retail industry, Telecom & IT, Healthcare, Media & Entertainment, Government agencies, Education, Energy and Manufacturing among others are the major end user industry analyzed during the study. In the Telecom & IT sector huge amount of data are generated owing to this, the sector has emerged as the largest adopter of cloud computing in 2017.
• For better understanding of the geographical penetration of Cloud Service market in North America, the market is analyzed based on its outreach in the countries such as U.S., Canada, Mexico and rest of North America. North America held the largest market share in the global cloud computing market in due to advanced digital infrastructure availability and the increase in demand of cloud computing in educational institutions. The US is the fastest growing country into cloud computing business since numerous US based players are partnering together to enhance their business and continue their strong presence in international market. US cloud infrastructure market registered US 125 Billion during 2017.  In addition, Canada also continues to capture second largest position into cloud infrastructure operations. Huge adoption of various cloud related services by enterprises and consistent and increasing investment in infrastructure-based solutions are expected to support the growth of Canada cloud computing market

• Since, there are plenty of companies vying for a piece of the worldwide cloud infrastructure market, North America cloud computing market report also highlights few prominent players operating in the cloud infrastructure market. Key companies operating the ever-growing cloud infrastructure market includes Cisco System Inc., Equinix Inc., Google Inc., IBM Corporation, Salesforce.com, AT&T Inc., Amazon Web Services Inc., DXC Technology Company, HP Inc., and Rackspace Hosting Inc.  These companies have been operating in this sector for several years and have diversified product portfolios, innovative technologies, and strong distribution networks worldwide.

Reasons to buy the 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 in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
• Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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The North America Cloud Infrastructure Market can be customized to country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for North American Cloud Infrastructure services market were the three major steps involved in creating and analysing the overall market of the North American Cloud Infrastructure Services Market. Exhaustive secondary research was conducted to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the North American Cloud Infrastructure Services Market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the North American Cloud Infrastructure Services Market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

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 North American Cloud Infrastructure Services Market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news articles, government publications, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the North American Cloud Infrastructure Services market. Major segments included in the report are public and private deployment model, cloud infrastructure service and end-user industry. Further analysis was also done for sub-segments of the major segments of the North American Cloud Infrastructure Services market.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the North American Cloud Infrastructure Services market. Factor analysis was conducted using dependent and independent variable such the preferences of deployment model type i.e. public and private, purchasing power of customers, security concern of data etc. Historical trends of the North American Cloud Infrastructure Services market and its year-on-year impact on the market size and share in the recent past was analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments for the technology in major North American countries. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and rate of adoption Cloud Infrastructure services in major North American countries
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in major applications and markets as well as market share of each players. Also, the growth strategies adopted by these players to compete in the ever-growing North American Cloud Infrastructure Services 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 etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process, to arrive at precise statistical numbers of each segment and sub-segment pertaining to the North American Cloud Infrastructure Services Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Deployment Type i.e. Public or Private deployment. Public Cloud Services i.e., Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business process as a Service (BPaaS) and Cloud Advertising along with Private Cloud services i.e. Managed Hosting and Co-Location were considered while forecasting the market. Also detailed analysis of the technology in major industrial segment was also considered in the study.

Main objective of the North American Cloud Infrastructure Services Market Study

The current & future market trends of the North American Cloud Infrastructure Services market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

• Analyse the current and forecast market size of the North American Cloud Infrastructure Services market in terms of value (US$)
• Analyse the current and forecast market size of different segments and sub-segments of the North American Cloud Infrastructure Services market
• Segments in the study include deployment type, public and private deployment, end-user industry and country
• Define and describe the technologies and protocols used in the North American Cloud Infrastructure Services market
• Anticipate potential risk associated with the technology along with customer and competitor analysis, etc.
• Define and analysis of the government regulations for the North American Cloud Infrastructure services market
• Analyse the current and forecast market size of North American Cloud Infrastructure Services market for major North American countries including US, Canada, Mexico and Rest of North America

Define and analyse the competitive landscape of the North American Cloud Infrastructure Services market and the growth strategies adopted by the market players to sustain in the ever-growing market