Cloud Infrastructure Services Market 2024-2028
The cloud infrastructure services market is forecasted to grow by USD 109.2 bn during 2023-2028, accelerating at a CAGR of 9.4% during the forecast period. The report on the cloud infrastructure services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a shift from the CAPEX model to the OPEX model, the need to optimize project management and business processes, and the rising popularity of SOA.
Technavio's cloud infrastructure services market is segmented as below:
- By Deployment
- Public cloud
- Private cloud
- Hybrid cloud
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rise in adoption of hybrid cloud storage systems as one of the prime reasons driving the cloud infrastructure services market growth during the next few years. Also, increased adoption of BYOD policy and the emergence of virtualization technologies will lead to sizable demand in the market.
The report on the cloud infrastructure services market covers the following areas:
- Cloud Infrastructure Services Market sizing
- Cloud Infrastructure Services Market forecast
- Cloud Infrastructure Services Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud infrastructure services market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., DigitalOcean Holdings Inc., Fujitsu Ltd., GTT Communications Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., NTT Communications Corp., Oracle Corp., OVH Groupe SA, Rackspace Technology Inc., Salesforce Inc., Samsung Electronics Co. Ltd., SAP SE, Tencent Holdings Ltd., Verizon, and VMware Inc.. Also, the cloud infrastructure services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.