New York, April 18: Market Research Engine has published a new report titled as “Global Cloud Infrastructure Market”.
"Global cloud
infrastructure market is expected to reach $206.93 billion, mainly dominated by
North America, particularly the US, will be the largest market among Latin
America, Western Europe, Central Eastern Europe (CEE),Middle East & Africa
and Asia-Pacific.
“Global
cloud infrastructure market is expected to reach $206.93 billion by the end
of 2020 driven by all segments of the industry.”
The high growth has come
mainly from the manufacturing industry followed by banking & financial
services industry. The manufacturing industry is expected to reach $72.84
billion by 2020 at a CAGR of 13.7% for the forecast year 2015-2020.
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Full Report:
Cloud infrastructure will
bring in a new era of functionality and opportunity by enabling organizations
to do things which were not possible before. The cloud infrastructure will help
smaller organizations to gain access to computing capabilities that were beyond
their reach and budget in the past. Cloud infrastructure gives opportunity to
large organizations to plan and support a broader portfolio of applications.
Cloud services along with Software Defined Network (SDN) help to develop cost
effective service offerings, which help in reducing the organisation's network
cost.
The ever-changing innovation
environment in the internet of things (IoT) market gives a lot of scope to
start-ups to offer new devices and services to its customers, which in turn
helps in the growth of the cloud infrastructure market as the majority of these
start-ups will use cloud services as it is cost effective and start-ups get
access to the latest technology.
Lot of changes is expected
to be seen during the forecast year 2015-2020. Cloud infrastructure is one the
important technology trends that has marked its way in the last 10 years.
Software development will shift to the cloud and software companies will build
the majority of the applications on cloud technologies. Cloud infrastructure
services will help organizations to shift focus from their local technology
maintenance to a business and customer satisfaction oriented tasks. Hybrid
cloud service is set to be imperative with time. Hybrid cloud services will
deploy unified integrated cloud model, which consists of internal and external
cloud platforms that can be leveraged based on particular organization’s
requirements.
Global
Cloud Infrastructure Market Dynamics is as below;
Drivers:
·
Reduction in infrastructure cost
·
New era of functionality
·
Need for disaster protection
Restraints:
·
Security and privacy concerns
·
Legal/regulatory issues
·
Migration from legacy systems
Opportunities:
·
Creating new businesses models
·
Customer satisfaction
The report provides an
in-depth analysis of global cloud infrastructure market along with drivers and
restraints as well as growth opportunities and best practices in the market. It
also contains analysis and forecasted revenues, competitive landscape, company
profiles and industry trends.
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