Public Cloud Application Infrastructure Services Market - North America to remain the most attractive region throughout the assessment period 2017-2022
Thus, public cloud services are being increasingly associated with business nimbleness and speed. Growth of the Infrastructure as a Service (IaaS) has created new opportunities for the usage of public cloud services. This is surely altering the enterprise IT value chain. A recent trend in many enterprises is the mixing of existing IT infrastructure with cloud infrastructure and this remains the ideal path to public IaaS adoption.
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A public cloud is based on the standard cloud computing model, in which a service provider makes available to the general public resources such as applications and storage facilities through the internet. Infrastructure as a Service (IaaS) is a type of cloud computing in which virtualized computing resources are provided through the internet. IaaS is one of the three main categories of cloud computing, along with Software as a Service (SaaS) and Platform as a Service (PaaS).
This Future Market Insights report on the global public cloud application infrastructure services market forecasts that the global public cloud application infrastructure services market to reach nearly US$ 22,215 Mn in the year 2022 and exhibit a robust CAGR during the period of forecast.
North America Market Set to Dominate the Global Public Cloud Application Infrastructure Services Market in Terms of Revenue
The market in North America is set to dominate the global public cloud application infrastructure services market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America public cloud application infrastructure services market is the most attractive market, growing at a robust CAGR over the assessment period.
Application Infrastructure & Middleware Segment Poised to Touch a Value of Nearly US$ 8,236 Mn in 2022
As per the assessment of Future Market Insights, the application infrastructure & middleware segment is expected to reach a value of nearly US$ 8,236 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. Application infrastructure & middleware segment is expected to account for nearly one-third of the revenue share of the application type segment by the year 2017 and is expected to gain market share by the end of the year 2022.
Government Segment to exhibit a CAGR of 20.1% During the Assessment Period
As per the assessment of Future Market Insights, the government segment is slated to touch a figure of nearly US$ 2,977 Mn in the year 2022. This represents a CAGR of 20.1% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The government segment is expected to account for more than one-tenth of the revenue share of the vertical segment by the year 2017.
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The report also profiles companies that are expected to remain active in the expansion of global public cloud application infrastructure services market through 2022, which include Amazon Web Services Inc., Alphabet, Inc., International Business Machines Corp., Microsoft Corporation, Oracle Corp., ServiceNow, Inc., Salesforce.com, Inc., VMware, Inc., NetSuite, Inc. and Red Hat, Inc.
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