Cloud Infrastructure Market Expected To Reach USD 66.46 Billion by 2022 - Scalar Market Research
Cloud Infrastructure Market worth USD 17.61 Billion in 2016 and Expected To Reach USD 66.46 Billion by 2022, at a CAGR of 24.77% between 2016 and 2022
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Our industry experts anticipate that within the cloud infrastructure market, the hybrid deployment model is expected to grow at the fastest CAGR ranging from 25% to 30% during the forecast period. In addition, the networks segment is expected to dominate the components segment based on the growth rate, growing at a CAGR ranging from 40% to 45% during the forecast period. The Middle East & Africa segment is expected to grow at the fastest CAGR, growing at a CAGR ranging from 25% to 30% by 2022.
KEY PREMIUM INDUSTRY INSIGHTS:
Growing focus of the enterprises on data security and governance is driving the growth of the cloud infrastructure market across the globe.
Enhanced reliability and business productivity are the other factors responsible for the growth of Cloud Infrastructure market.
Increasing shift of end-user verticals especially BFSI, healthcare & retail sectors towards cloud-based infrastructure software and solution is expected to fuel the market growth over the forecast period.
However, lack of trust on common and shared cloud space, along with the low level of technological support for cloud infrastructure establishment are expected to hinder the growth of the market.
The research methodology for Scalar Market Research’s cloud infrastructure market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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