Cloud Infrastructure Services Market Comprehensive Analysis and Future Estimations with Top Key Players : Microsoft, Oracle, FUJITSU, Alibaba, Rackspace US, Inc., DigitalOcean, LLC., Verizon, VMware

Over the recent past, the cloud infrastructure services market is successfully reaping the gains of increasing demand for cloud services. An uptick in cloud adoption by small and medium enterprises (SMEs), and accelerated adoption of Infrastructure as a Service (IaaS) are leading growth drivers for cloud services. Furthermore, cloud infrastructure services offer flexibility, scalability, ability to rapidly develop, test, and launch applications to augment business growth in a constantly changing IT environment.

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Cloud infrastructure services accelerate Time-to-Market (TTM), expedite application development, and run processes. Furthermore, the reduction in operational and maintenance costs of the IT infrastructure plays an instrumental role in surging cloud adoption across various organizations. All and all, the cloud infrastructure services market is anticipated to flourish at a robust pace considering the increased need for holistic resilience while operating in cloud environments, and speedy and affordable service delivery processes.

Competitive Landscape: Leading Players Across the Cloud Infrastructure Services Market

Amazon, Microsoft, and Google are the leading players holding a major share of more than 60% in the global cloud infrastructure services market. Other prominent players operating in the global market for cloud infrastructure include IBM, Oracle, FUJITSU, Alibaba, Rackspace US, Inc., NaviSite, Inc. Bluelock, Dimension Data, VMware, Inc, DigitalOcean, LLC., DXC Technology Company, Verizon, CenturyLink., OVHcloud, Joyent, Inc., Virtustream., Skytap, Inc., AT&T Intellectual Property, Amazon Web Services, Inc. (AWS) - and its affiliates), and NEC Corporation.

Cloud Adoption Has Been on an Upswing; Increased Return on Investments, Lower Infrastructure, and Storage Costs are Key Growth Drivers

Recently, organizations across the globe have made a spontaneous shift towards cloud adoption. Concerns regarding ongoing and upfront hosting on-premises costs have risen incessantly. Downtime and labor costs warrant further attention. Nonetheless, the economic status along with the desire to stay at the competitive edge has encouraged the adoption of cloud-effective measures to redefine the business models.

The steep inclination towards digitalization and enhanced customer experience is poised to lower the overall operational costs. Cloud services enable an efficient pay-as-you-go model, wherein the enterprises can pay the amount based on the usage, without the need to pay any overhead costs. Furthermore, the emergence COVID 19 pandemic left a significant impact on the cloud infrastructure services market, opening up an array of opportunities for market players.

North America Leading the Regional Segment; Asia Pacific on an Upward Trajectory

North America is maneuvering the growth with a lion's share of the global cloud infrastructure services market. This growth is mainly attributed to the widespread adoption of cloud-based IT services, and robust investments in the research and development of IT and cloud infrastructure. Furthermore, establishment of SMEs and large enterprises and availability of experts in the niche further fuel the demand for cloud infrastructure services. The U.S. is flourishing with growth at the behest of the presence of key players and soaring adoption of cloud-based services. Thereby, this ensures the improvement in business operations and major cost reductions.

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By the end of the forecasted period, the market for cloud infrastructure services in the Asia Pacific region is expected to showcase a strong growth outlook in the next few years. China, in particular, is thriving with brilliant strategies that focus on after-sale services.

Major players are beginning to channel funds towards the hard infrastructure and opt for e-government services. Chinese players successfully sustain a competitive edge in the global cloud infrastructure market. However, with favorable policy revisions, the U.S. would regain its prominence in the market.

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