According to a market report by Lucintel, the future of the cloud Infrastructure market looks promising with opportunities in the banking and financial services, insurance, government, healthcare, education, energy, telecommunication and IT, media and entertainment, retail, manufacturing, and research and consulting service markets. The cloud infrastructure market is expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are increasing digitization and increasing adoption of cloud based technology among enterprises as it enhances efficiency and business productivity.
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In this market, public cloud, private cloud and hybrid clouds are the major cloud types. Hybrid cloud is the largest segment due to increasing demand of mobility of data accessibility, business continuity, and cost saving from buying physical storage devices. Within the cloud infrastructure market, banking and financial services, insurance, government, healthcare, education, energy, telecommunication and IT, media and entertainment, retail, manufacturing, and research and consulting services are the major end use industries.
IaaS, PaaS, CDN/ADN, managed hosting, and colocation services are the major service types of the cloud infrastructure market.
APAC will remain the largest region over the forecast period.
Cisco Systems, Equinix, Google, International Business Machines (IBM), Salesforce.Com, AT&T, Amazon Web Services, Hewlett-Packard Company, and Rackspace Hosting are among the major manufacturers of cloud infrastructure.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cloud infrastructure market by end use industry, cloud type, service, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities in the Cloud Infrastructure Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cloud infrastructure market by end use industry, cloud type, service, and by region as follows:
By Cloud Type [$M shipment analysis for 2019 – 2024]:
Public Cloud
Private Cloud
Hybrid Cloud
By Service [$M shipment analysis for 2019 – 2024]:
IaaS
PaaS
CDN/ADN
Managed Hosting
Colocation
By End Use Industry [$M shipment analysis for 2019 – 2024]:
Banking and financial service
Insurance
Government
Health care
Education
Energy
Telecommunication & IT
Media and entertainment
Retail Manufacturing
Research and consulting services
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cloud-infrastructure-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.