The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions.
North America is expected to register the superior position in the global cloud infrastructure services market in the review period. Early deployment of latest technologies and the existence of improved technical base are factors that are expected to impel the North America cloud infrastructure services market. The presence of large number of IT companies in the US that are extensively using cloud services is likely to propel the cloud infrastructure services market in North America.
In Europe, increase in research and developmental undertakings are promoting launch of new products, which in turn is expected to gain substantial traction owing to better quality services. Thus, the EU cloud infrastructure service market is expected to experience surge in the foreseeable future. The increase in the regional market size can be attributed to presence of firm technical base and the strong economic backbone of the market.
In Asia Pacific, increased initiatives by governments of the region regarding smart cities is creating enormous growth opportunity for the APAC cloud infrastructure services market. Economies of the APAC observed to attract business outsourcing of international players and hence, are actively deploying cloud-based services. In addition, the growing number of IT companies are adopting modern technologies for the disposal of superior quality services.
Geographically, the global infrastructure as a service market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe, and the rest of the world. The North America region commands the maximum share of the global infrastructure as a service market during the assessment period. The factors such as rapid industrialization, increased adoption of cloud computing in various industrial sectors, increased reliance on cloud-based solutions as a result of improved data security and incorporation of data encryption feature, easy adoption of technologically advanced solutions, and increasing availability of reliable platforms that provide infrastructure as a service are majorly propelling the growth of the global infrastructure as a service market in the North America region
The global infrastructure as a service (IaaS) market has been segmented on the basis of the solution, deployment type, end-user, and verticals. Based on solution, the global infrastructure as service market has been segmented into managed hosting services, storage as a service, network management, high-performance computing as a service, disaster recovery as a service, and content delivery services. Among these, the storage as a service segment has been sub-segmented into network attached storage and storage area network-based storage. Based on deployment type, the global infrastructure as a service market has been segmented into public cloud, private cloud, and hybrid cloud. Based on end user, the global infrastructure as a service market has been segmented into SMEs and large enterprises. Based on verticals, the global infrastructure as a service market has been segmented into IT and telecom, BFSI, retail and e-commerce, healthcare, government and defense, and others.
The key market players profiled by Market Research Future (MRFR) that are operating in the global infrastructure as a service market are Amazon Web Services Inc. (the U.S.), Google LLC (the U.S.), Microsoft Corporation (the U.S.), International Business Machines Corporation (the U.S.), Cisco Systems Inc (the U.S.), HCL Technologies Limited (India), Accenture (Republic of Ireland), Computer Sciences Corporation (the U.S.), VMware, Inc. (the U.S.), Rackspace Inc. (the U.S.), Oracle Corporation (the U.S.), and Fujitsu Ltd (Japan).
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