The “Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global cloud infrastructure services market size is expected to grow from USD 30.00 billion in 2018 to USD 81.29 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period.
Governments’ increasing investments in digital transformation, increased awareness among enterprises about the benefits of cloud and its technologies, and business continuity requirements resulting in high demand for cloud storage, disaster recovery, and backup services are major growth drivers for the market. However, stringent government regulations, limited bandwidth providers, and lack of access to high-speed internet may affect the market growth.
Enterprises use storage as a service to mitigate the risks of disasters and enhance business continuity and availability. These services provide self-service portals that allow the provision of storage, transfer of data to different tiers of storage, and the option to add or remove storage as needed. To address the security needs of enterprise data, cloud-based storage offers security controls to ensure that all the data is stored securely in data center facilities and is available for quick access.
The hybrid cloud deployment mode is expected to grow at the highest rate, as it offers the benefits of both private and public deployment modes. Enterprises need a solution to exploit their data centers distributed across multiple environments, owing to the increasing business demands. Increased user and resource mobility, ongoing migrations of applications over the cloud, and the emergence of more sophisticated threats are driving organizations to adopt the hybrid cloud deployment mode.
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North America is expected to hold the largest market size during the forecast period, as organizations are shifting toward innovative technologies with the increasing adoption of digital business strategies. Organizations have also invested in advanced technologies to gain a competitive edge and enhance their business operations. APAC is expected to be the fastest-growing region in the global cloud infrastructure services market, owing to the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and benefits of cloud infrastructure services tools to drive user experience and improve continuous delivery issues.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Overview and Industry Trends
6 Cloud Infrastructure Services Market, By Service Type
7 Market By Deployment Model
8 Cloud Infrastructure Services Market, By Organization Size
9 Market By Vertical
10 Cloud Infrastructure Services Market, By Region
11 Competitive Landscape
12 Company Profiles
- Dimension Data
For more information about this report visit https://www.researchandmarkets.com/research/92cfk3/global_cloud?w=4
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Computing and Storage