The global cloud network infrastructure market is expected to appreciate at a CAGR of 14% during the assessment period. This projection among others has been made in Market Research Future’s report on the global cloud network infrastructure market report. Cloud services are a major innovation for data storage and IT services. Cloud network infrastructure includes the hardware and software components which are vital for the support of cloud computing models. Most of these components are back end components that are required for the set up of cloud computing. MRFR’s analysis indicates that the global cloud network infrastructure market is expected to grow to reach USD 212 Bn by the end of 2023.
Increasing adoption of cloud computing due to its vast number of advantages is expected to play a significant role in the adoption of cloud network infrastructure. Players in the cloud network infrastructure market offer infrastructure models such as PaaS, SaaS, and IaaS. IaaS is also known as infrastructure-as-a-service which can be used to provide clients with access to storage without the need for large amounts of hardware. In PaaS, vendors offer clients a platform in the form of the service by allowing clients to build and deliver applications in a cloud-based environment. Meanwhile, SaaS refers to the provision of software and applications through a cloud-based model. Such models offer clients high efficiency and low investment costs in physical infrastructure.
Presently, security concerns and the high initial cost of cloud network infrastructure are market deterring factors which are expected to slow growth.
The global cloud network infrastructure market has been segmented in MRFR’s report, on the basis of components, end-user, deployment, and region. Components have been segmented into hardware and services. Hardware has been segmented further to include ethernet switches, servers, and disk storage. Meanwhile, the service segment has been divided further into managed hosting an colocation services, content delivery networks/applications, platform as a service, and infrastructure as a service.
Regions that have been covered in MRFR’s analysis include Europe, North America, Asia Pacific, and the Rest of the World. North America has been established as a market leader due to the regions possession of the largest share of the market. The region has increasing IT requirements and a marked affinity toward the adoption of advanced It technologies. The U.S is the leading country-level market with a significant number of market players in the region. Many organizations in the U.S are increasingly adopting cloud computing, thus driving the growth of the cloud network infrastructure market.
Hewlett-Packard (U.S.), IBM Corporation (U.S.), Alphabet Inc. (Google) (U.S.), Oracle Corporation (U.S.), EMC Corporation (U.S.), NetApp, Inc. (U.S.), Dell, Inc. (U.S.), Amazon Web Services (AWS) (U.S.), Cisco Systems, Inc. (U.S.), and Microsoft Corporation (U.S.) are among the market leaders that have been analysed in MRFR’s report on the cloud network infrastructure market.
Cloud Network Infrastructure Market to reach 14% CAGR forecast period 2017-2023, Cloud Network…
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