Cloud Infrastructure Service Market to Reach USD 262.13 billion by 2028 | Introspective Market Research

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Market Overview:

Global Cloud Infrastructure Services Market was valued at USD 89.46 billion in 2021 and is expected to reach USD 262.13 billion by the year 2028, at a CAGR of 16.60%.

Cloud infrastructure are a kind of software and hardware components that includes virtualization software, storage, management tools, networking, servers as well as services that support the computing necessities of a cloud computing model. Whereas, the cloud infrastructure services are primarily type of services that are used for cloud computing. Cloud infrastructure also involves an abstraction layer which virtualizes and further presents services to the end users through API-enabled command-line, application programming interfaces and graphical interfaces. Now-a-days, cloud computing has turned to be an important platform through which many small, medium or large organizations can conceive digitization in the IT infrastructure. Furthermore, the major vendors who provide the cloud infrastructure services are planning and executing strategies for advancement of cloud disaster recovery and backup, hybrid or multi-cloud, and serverless modern cloud computing which is thereby expected to drive the market growth of cloud infrastructure services in the forthcoming years.

 

Major Key Players for Cloud Infrastructure Service Market:

·         IBM

·         Microsoft

·         Google

·         Amazon

·         AWS

·         Oracle

·         Alibaba

·         Fuitsu

·         Rackspace

·         DigitalOcean

 

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Market Dynamics and Factors:

Over the past few decades, it has been observed that there has been an immense development in the cloud-based IT services and infrastructures. The low costs, reliability, agility, high-level security, flexibility and vast scalability are the key factors that drives the growth of cloud infrastructure service market. Furthermore, increasing awareness among the large, small or medium enterprises regarding the benefits of cloud, rising government investments in digital transformation, high demand from business for cloud storage, backup and disaster recovery are other major factors that fuel the market growth. However, fear among businesses that the confidential data maybe vulnerable to cyberattacks may hinder the market growth.

Cloud Infrastructure Service Report Highlight:

·         By services, the disaster recovery and backup as a service is the most dominating segment of the cloud infrastructure services market. Organizations may face loss of data by any means, which can negatively impact the business growth, and thus the disaster recovery and backup segment helps in accessing the data anywhere by maintaining a backup.

·         By deployment model, the public cloud segment holds the largest market share in the cloud infrastructure service market. The key features such as flexibility, ease of deployment, utility-style costing and scalability drives the growth of this segment.

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Key Industry Development:

·         In March, 2022, Oracle Cloud Infrastructure announced the launch of new Services and capabilities that are focused on giving their customers even more flexibility

·         In July, 2021, Confluera declared the launch of industry's first Cloud extended Detection and Response (CxDR) solution that protects cloud-native environments from modern threats.

Cloud Infrastructure Service Segmentation:

By Type:

·         Computer as a Service

·         Storage as a Service

·         Disaster Recovery and Backup as a Service

·         Networking as a Service

·         Desktop as a Service

·         Managed Hosting

 By Deployment model

·         Public Cloud

·         Private Cloud

·         Hybrid Cloud

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Scope of the Report:

The objective of the research is to provide the market knowledge and strategic insights to assist decision-makers in making informed investment decisions and identifying potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast numbers for important regions covered in the research, as well as classified and well-known Types and end-use industries. Cloud Infrastructure Service study explores the competitive landscape of the global market. In addition to rival market share research, in-depth profiling, product/service, and business overviews, the study focuses on BCG matrix, heat map analysis, and SWOT analysis to better correlate market competitiveness. Five forces analysis, Ansoff matrix, PESTEL analysis, and value chain analysis are used to better understand market conditions.

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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyse extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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