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Global Infrastructure As A Service Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global infrastructure as a service market is marked to exhibit remarkable expansion at a CAGR of 23% during the forecast period from 2017 to 2023. The global infrastructure as a service market is also anticipated to reach the market valuation of USD 59 Bn by the end of the review period. 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 during the assessment period.
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.
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.
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).
The players in the global infrastructure as a service market are introducing innovative solutions to ensure high quality and effectivity of the services in order to expand their businesses in the global infrastructure as a service market. Strategically planned mergers and acquisitions along with collaborations in multiple projects are aiding these players in sustaining the competition in the global infrastructure as a service market during the assessment period. For instance, in April 2018, Tech Data Corp. has announced the inauguration of SteamOne Cloud Marketplace in India which is capable of managing multiple cloud services such as Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS).
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
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