Cloud Infrastructure Services Market

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.

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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.

MARKET DYNAMICS:

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.

RESTRAINTS:

• Private and personal data are always feared to be vulnerable to hackers.

• The lack of understanding on how cloud computing should be governed.

OPPORTUNITY:

• 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.

CHALLENGES:

• 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.

MARKET ESTIMATION:

Computing as a service, storage as a service, disaster as a service, network 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:

• Compute Service

• Storage Service

• Disaster Recovery and Backup Service

• Networking Service

• Desktop Service

• Managed Hosting

On The Basis of Deployment model:

• Public Cloud

• Private Cloud

• Hybrid Cloud

On The Basis of Organization size:

• Small and Medium-sized Enterprises (SMEs)

• Large Enterprises            

On The Basis of 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 (Education and Travel and Hospitality)

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REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The 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

KEY PLAYERS:

The major key players are AWS, Microsoft, Google, IBM, Alibaba, Rackspace, Oracle, Fujitsu, Digitalocean, Vmware & Other Players

Digitalocean -Company Financial Analysis