Cloud Infrastructure Market is Projected to Reach USD 209.66 Billion by 2022


Posted January 14, 2019 by nihal4064

Cloud Infrastructure Market report offers clients the most efficient and dependable insight into the Cloud Infrastructure Market, ranging across different marketing trader.

 
The overall Cloud Infrastructure Market is projected to reach USD 209.66 billion by 2022 from USD 101.42 billion in 2016, growing at a CAGR of 12.9% during 2016-2022. The study involved four major activities to estimate the current market size cloud infrastructure market. Exhaustive secondary research was done to collect information on market, peer market and parent market.

The demand for cloud infrastructure services is witnessing traction across all industries. Since cloud has become one of the key elements of IT infrastructures today, the demand for cloud related services is increasing. Enterprises require scalability and mobility, and thus, industries, such as BFSI, telecommunications & ITES and ITes, and retail adopted cloud at the early stage of cloud computing market evolution. Due to this, these industries are anticipated to account for a major share of the total cloud infrastructure market.

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The market for services is expected to register the highest CAGR during 2016-2022
Capital expenditure is one of the major reasons for organizations to increase the adoption of colocation services; these services are generally involved in setting up an entire data center space. Colocation allows companies to shift their focus from having capital-intensive data centers to predictable operating expenses are the major factors are leading to higher growth of the services market.

The large share is mainly attributed to the increasing IT capacity requirements and growing adoption of new data center technologies. The cloud infrastructure market in the US will also grow exponentially, owing to a significant number of organizations opting for cloud services to save their upfront cost of building new data centers for business continuity is the the major factor driving the market.

Critical questions the report answers:
• Where will all these developments take the various end-use industry in the mid to long term?
• What are the upcoming applications in banking, financial services, and insurance (BFSI) industry where the adoption rate for advanced solutions and services is expected to increase in near future?
• How is high cost of developing software and applications for on-premises influencing the deployment and market growth rate?
• How are the companies addressing the challenge of data transfer and interoperability issues?

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Issued By Nihal Patil
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Country India
Categories Business , Engineering , Research
Tags Cloud Infrastructure Market , Cloud Infrastructure , cloud
Last Updated January 14, 2019