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Research focused on the cloud infrastructure market set to hit $209.66 billion by 2022

IT Market Research

Latest “Cloud Infrastructure Market Study 2018” of 209 pages with 93 tables added by ReportsnReports explores Global Cloud Infrastructure market market drivers, restraints, opportunities, industry-specific challenges with forecast to 2022. Report also gives comprehensive information on Cloud Infrastructure Market size, share, growth, trends, and opportunity analysis from 2017 to 2022. The cloud infrastructure market was valued at USD 90.88 Billion in 2015 and is expected to reach USD 209.66 Billion by 2022, at a CAGR of 12.9% between 2016 and 2022.

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Key Players analysed in report are IBM Corporation (U.S.), Hewlett-Packard (U.S.), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), EMC Corporation (U.S.), NetApp, Inc. (U.S.). Whereas, the leading companies in the cloud services market are Amazon Web Services (AWS) (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Alphabet Inc. (Google) (U.S.), and Oracle Corporation (U.S.).

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The prominent companies in the market include the well-established, financially stable players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks and offices worldwide.

“Increasing ICT spending driving the growth of the cloud infrastructure market”

The cloud infrastructure market is expected to be valued at USD 209.66 billion by 2022, growing at a CAGR of 12.9% between 2016 and 2022. The cloud infrastructure market, comprising hardware as well as services, is growing at a rapid pace.

The growth of this market is mainly caused by increasing ICT spending and trend of big data and analytics; rising demand from various organizations for agile, scalable, and cost-effective computing; increasing number of digital services and their applications; and high penetration of hybrid cloud.  

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“BFSI held the largest share of the cloud infrastructure market in 2015”

The BFSI industry comprises banks, insurance companies, & stock-brokers, and deals with large workforce, assets in different locations, and diverse customer profiles. In today’s scenario, the economic and financial sector reform has strengthened the automation and expansion of IT infrastructure.

This has transformed not only the operating environment for banks and financial institutions but also played a significant role in structuring and strengthening the economy of the countries such as Brazil, the UAE, and India. Thus, the cloud infrastructure hardware market for the BFSI industry is growing significantly.

“The cloud infrastructure market in Latin America expected to grow at the highest CAGR during the forecast period”

In Latin America, cloud services are increasing adopted across various sectors such as healthcare, banking and financial services, insurance, retail, manufacturing, and others. In this region, countries such as Brazil, Argentina, Colombia, Chile, and Peru have huge market opportunities for cloud-based services such as consulting, deployment and system integration, and support & maintenance.

The driving factor for the rising adoption of cloud-based services in this region is the nascence of IT digitalization, which means huge volume as well as high velocity of digital data generation in the coming time. This would require high-end and secured cloud-based solutions to be deployed using superior quality cloud services.

From an insight perspective, this research report focus on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the cloud infrastructure market; high-growth regions; and market drivers, restraints, challenges, and opportunities.

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