Report Id: SNS/ICT/1570 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Cloud Infrastructure Services market size was valued at USD 109.17 Bn in 2022 and is expected to reach USD 380.48 Bn by 2030, and grow at a CAGR of 16.89 % over the forecast period 2023-2030.
The virtualization of infrastructure across a network or the internet is known as cloud infrastructure. Software as a service, platform as a service, infrastructure as a service, cloud business process as a service, content delivery network/application delivery network, and colocation hosting are examples of delivery methods used by cloud infrastructure. Cloud Infrastructure services employ an abstraction layer to logically display resources to end-users via application program interfaces. Servers, network switches, memory, storage systems, firewalls, and applications are all part of cloud computing.
The increase in data volumes throughout the world is one of the primary reasons driving the growth of the Cloud Infrastructure Service Market. Customers' rising embrace of cloud-based technologies to better data security, integrity, and service delivery, as well as global internet penetration and smartphone adoption rates, all contribute to market development. The market is impacted by the technology's growing popularity, which is due to its ability to lower setup costs, which assists in the administration and maintenance of backend infrastructure, as well as the increase in cost savings and ROI.
Furthermore, the Cloud Infrastructure Service Market benefits from urbanization and digitalization, the mainstreaming of edge computing, and increased investment. Faster Time-to-Market (TTM) and application development and deployment are possible with cloud infrastructure services. In addition, the rising need for businesses to save operating costs and maintain IT infrastructure is boosting the use of cloud infrastructure services.
Oracle is strengthening Oracle Cloud Infrastructure's built-in security services and capabilities to assist clients to safeguard their cloud apps and data from evolving threats. OCI's existing comprehensive security offering is rounded out by a new built-in and cloud-native firewall service, as well as enhancements to Oracle Cloud Guard and Oracle Security Zones. These advancements will also help enterprises protect their cloud deployments and apps with easy, prescriptive, and integrated services that do not require additional expenditure in most circumstances. To assist OCI customers to meet regulatory compliance obligations, keep on top of security risks and concerns, and avoid security-related disruptions, Oracle has made security a basic and built-in feature. Oracle is beefing up its cloud security capabilities, adding numerous layers of defense to help swiftly detect and eliminate new threats and security breaches.
In recent years, smartphones, smart gadgets, and other consumer electrical items have been infiltrated.
There are several encryption mechanisms included in the cloud account for encrypting data or important information.
Private and personal data are always feared to be vulnerable to hackers.
The lack of understanding on how cloud computing should be governed.
The native government's advocacy for the expansion and use of digital services.
The use of contemporary technology for both business and personal reasons is increasing.
Executing cybercrime regulations makes it difficult to effectively implement policies.
IMPACT OF COVID-19:
Pretty much every area on the planet has experienced a mishap over the most recent year and a half. This can be credited to huge disturbances in their separate assembling and supply chains because of different prudent lockdowns and different limitations carried out by legislatures all through the world. The worldwide market for Cloud Infrastructure Services is the same. Besides, customer request has diminished as people are currently additionally centered on cutting superfluous things from their spending plans since the pandemic has affected the vast majority in general financial status. The previously mentioned factors are projected to affect the overall Cloud Infrastructure Services market's income direction all through the gauge period. As different administrative specialists lift these forced lockdowns, the worldwide Cloud Infrastructure Services market is supposed to resuscitate.
Computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service, and managed to host are several types of cloud infrastructure services available. Cloud infrastructure services are being used by businesses of all sizes and sectors to improve efficiency, cut server costs, and provide access to data from anywhere. During the projection period, the disaster recovery and backup as a service sector is predicted to expand at the fastest CAGR, while the storage as a service segment is expected to have the greatest market size in 2021. Because of their simplicity of use, cheap operating costs, and flexibility, cloud infrastructure services have become an integral element of corporate operations.
In 2021, the public cloud deployment model is expected to have the greatest market size among deployment options. The effortlessness and simplicity of arrangement are two of the advantages of utilizing the public cloud. The initial expenditure required for the implementation is minimal, and there are no infrastructure management duties. Scalability, dependability, flexibility, utility-style costing, and geographical independence are all advantages of the public cloud.
The worldwide cloud infrastructure service market is divided into SME and big business segments based on enterprise size. Because most businesses are inclining towards cloud-based services as well as on-premise solutions with numerous modifications to best match their business requirements, the enterprise sector is expected to see significant development in the cloud infrastructure service market in the coming years.
KEY MARKET SEGMENTS:
On The Basis of Service:
Disaster Recovery and Backup Service
On The Basis of Deployment model:
On The Basis of Organization size:
Small and Medium-sized Enterprises (SMEs)
On The Basis of Vertical:
Banking, Financial Services, and Insurance (BFSI)
IT and Telecommunications
Government and Public Sector
Retail and Consumer Goods
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others (Education and Travel and Hospitality)
North America, Europe, Asia Pacific, Middle East & Africa, and South America make up the worldwide cloud infrastructure-as-a-service market. Because of the availability of modern digital infrastructure and the rising demand for cloud computing in educational institutions, North America accounted for a significant portion of the worldwide cloud infrastructure-as-a-service market. The United States is a fast-growing market for cloud infrastructure-as-a-service, as various U.S.-based organizations collaborate to better their operations and retain a strong worldwide presence. Sooner rather than later, the Asia Pacific market is supposed to develop at a huge CAGR, and industry members have understood the significance of reinforcing the whole cloud foundation to give minimal expense organizations, servers, capacity arrangements, virtual server farms, and simple admittance to virtual machines.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are AWS, Microsoft, Google, IBM, Alibaba, Rackspace, Oracle, Fujitsu, Digitalocean, and Vmware.
|Market Size in 2022||US$ 109.17 Bn|
|Market Size by 2030||US$ 380.48 Bn|
|CAGR||CAGR of 16.89% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Service (Compute Service, Storage Service, Disaster Recovery and Backup Service, Networking Service, Desktop Service, Managed Hosting)
• by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud)
• by Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises)
• by Industry Vertical (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||AWS, Microsoft, Google, IBM, Alibaba, Rackspace, Oracle, Fujitsu, Digitalocean, and Vmware.|
|Key Drivers||• In recent years, smartphones, smart gadgets, and other consumer electrical items have been infiltrated.
• There are several encryption mechanisms included in the cloud account for encrypting data or important information.
|Market Challenges||• Executing cybercrime regulations makes it difficult to effectively implement policies.|
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Cloud Infrastructure Services market is 2022-2028.
Ans:- Executing cybercrime regulations makes it difficult to effectively implement policies.
Ans:- North America accounted for a significant portion of the worldwide cloud infrastructure-as-a-service market.
Ans:- The primary growth tactics of Artificial Intelligence in Accounting market participants include merger and acquisition, business expansion, and product launch.
Ans:- The study includes a comprehensive analysis of worldwide interventional oncology industry trends, present and future market forecasts, DROC analysis, and impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cloud Infrastructure Services Market Segmentation, by Service
8.1 Compute Service
8.2 Storage Service
8.3 Disaster Recovery and Backup Service
8.4 Networking Service
8.5 Desktop Service
8.6 Managed Hosting
9. Cloud Infrastructure Services Market Segmentation, by Deployment model
9.1 Public Cloud
9.2 Private Cloud
9.3 Hybrid Cloud
10. Cloud Infrastructure Services Market Segmentation, by Organization Size
10.1 Small and Medium-sized Enterprises (SMEs)
10.2 Large Enterprises
11. Cloud Infrastructure Services Market Segmentation, by Industry Vertical
11.1 Banking, Financial Services, and Insurance (BFSI)
11.2 IT and Telecommunications
11.3 Government and Public Sector
11.4 Retail and Consumer Goods
11.6 Energy and Utilities
11.7 Media and Entertainment
11.8 Healthcare and Life Sciences
11.9 Others (Education and Travel and Hospitality)
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
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