The global cloud infrastructure market is anticipated to portray significant growth over the forecast period owing to the growing demand from various technology-dependent industries such as manufacturing, telecom, and healthcare, among others. The cloud infrastructure provides companies with the scalability, lower capital expenditure, and reliability towards their business operations, thus inflating demand for cloud computing.
The emerging hybrid cloud solutions offer a transition solution that integrates public cloud and private cloud services with the existing on-premises infrastructure. Hybrid cloud enables organizations with specific requirements to make a transition towards cloud computing flexibly and efficiently. A fast-moving digital business transformation among the industries is expected to drive the cloud infrastructure market over the foreseeable period.
The cloud infrastructure includes hardware and services. The cloud infrastructure hardware component consists of storage, Ethernet switches, and servers such as Tower Server, Rack Server, Blade Server, and Density-Optimized Server. The services considered in the study comprises of leading services such as Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS). The organizations are increasingly adopting IaaS owing to its high scalability, complete control over infrastructure, and flexibility in business operations. Followed by these, the adoption of services such as Content Delivery Network (CDN), Managed Hosting, and Colocation Services is also expected to spur the growth of the market.
The market is segmented on end users such as banking, financial services, and insurance (BFSI), consumer goods & retail, telecommunications & information technology enabled service, healthcare, energy, government, education & research, media & entertainment, manufacturing, and business & consulting services. The healthcare sector is rapidly transforming towards automated IT infrastructure which includes automation of billing, electronic medical and health records, and telemedicine services.
Based on regions, the market is segmented into North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy), Asia Pacific (China, Japan, Australia, Singapore, South Korea, India), South America (Brazil), and Middle East & Africa (South Africa). The North America region is expected to dominate the market owing to the growing adoption of new IT technologies by companies from all industries.
The prominent players in the cloud infrastructure market include Alphabet Inc (Google), Amazon Web Services, Inc., Cisco Systems, Inc., Dell, Inc., EMC Corporation, HP Development Company, L.P., IBM Corporation, and Salesforce.com, Inc.
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