Public Cloud Application Services Market: 2016 Global Manufacturers Analysis with 2022 Forecasts
The global Public cloud application infrastructure services market is slated to touch a value of nearly US$ 22,215 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
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4 Forecast Highlights on Global Public Cloud Application Infrastructure Services Market
As per the forecast of Future Market Insights, the business intelligence platform segment is slated to touch a value of nearly US$ 3,200 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The business intelligence platform segment is estimated to account for nearly one-fifth of the revenue share of the application segment by the year 2017 end and is expected to lose in market share by the year 2022 end.
As per the forecast of Future Market Insights, the BFSI segment will reach a value of nearly US$ 1,610 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The BFSI segment is estimated to account for more than one-fourth of the revenue share of the vertical segment in the year 2017 end and is expected to gain market share by the end of the year 2022.
As per the forecast of Future Market Insights, the data services segment is slated to reach a value of nearly US$ 9,210 Mn in 2022. The data services segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the data services segment.
Future Market Insights forecasts the US public cloud application infrastructure services market to grow from nearly US$ 1,835 Mn in 2017 to nearly US$ 6,505 Mn in 2022. This represents a compound annual growth rate (CAGR) of 28.8% from 2017 to 2022.
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The report has also profiled leading players in the global market for public cloud application infrastructure services, which will remain active through 2022. These include companies such as Alphabet, Inc., Salesforce.com, Inc., Oracle Corp., Amazon Web Services Inc., Microsoft Corporation, Red Hat, Inc., International Business Machines Corp., VMware, Inc., ServiceNow, Inc. and NetSuite, Inc.
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