Cloud Infrastructure Services Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global cloud infrastructure services market is anticipated to grow at a considerable CAGR of 10.7% during the forecast period. Owing to its cost-effectiveness and accessibility, the public cloud-based deployment strategy is gaining popularity. The public cloud is built on the cloud computing concept, which distributes computer resources (such as CPUs, servers, and racks) across multiple enterprises based on demand.

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Public cloud-based systems require less physical setup and require little maintenance, and they allow 24/7 access from any location, at any time. The benefits of public clouds, such as scalability, stability, flexibility, utility-style costing, and location independence services, are predicted to drive rapid growth in public cloud-based installations. According to Visual Capitalist, Amazon Web Services (AWS) has over a million active users scattered over 190 countries, indicating that AWS accounts for 41.5 percent of the entire public cloud market. The public cloud's affordability is one of the main reasons for its rapid expansion. According to MultiSoft Corp., using third-party cloud platforms is 40% less expensive than maintaining an in-house system for small and medium organizations.

The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in September 2019, Oracle partnered with VMware to assist clients in deploying hybrid cloud solutions. Customers should be able to execute their hybrid cloud strategy using VMware Cloud Foundation on Oracle Cloud Infrastructure as a result of this agreement. Customers will be able to easily move VMware vSphere workloads to Oracle's Generation 2 Cloud Infrastructure and benefit from uniform infrastructure and management as a result of this agreement, according to the company. In August 2019, AWS extended its global reach by opening additional data centers in Hong Kong. This newly opened data center allows business clients to operate apps and retain information in Hong Kong data centers while remaining connected to the AWS global network.

Global Cloud Infrastructure Services Market Report Segment

By Deployment Model

• Public
• Private
• Hybrid

By End-User

• BFSI
• Healthcare
• Government & Defense
• Retail
• IT & Telecommunication
• Others

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Cloud Infrastructure Services Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Amazon Web Services, Inc.
• AT&T, Inc.
• Broadcom, Inc.
• Cable & Wireless Communications Ltd.
• CenturyLink, Inc.
• Cisco Systems, Inc.
• Dimension Data Holdings plc
• Equinix, Inc.
• Fujitsu Ltd.
• Google, LLC
• IBM Corp.

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