Global Cloud Infrastructure Services Market 2018-2022
About Cloud Infrastructure Services
Cloud infrastructure services are provided to the users as an infrastructure-as-a-service (IaaS) platform on a pay-per-use basis in the form of virtual machines (VMs). This infrastructure service enables organizations to manage traditional workloads by providing various deployment models such as public, private, and hybrid cloud.
Technavio’s analysts forecast the global cloud infrastructure services market to grow at a CAGR of 28.21% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud infrastructure services market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud Infrastructure Services Market 2018-2022
Technavio recognizes the following companies as the key players in the global cloud infrastructure services market: Alphabet, Amazon.com, Cisco Systems, IBM, and Microsoft.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising adoption of hybrid cloud storage systems. Hybrid cloud-based systems give an organization more flexibility to select a more convenient solution to choose the right cloud deployment model for each workload or workgroup. Several key benefits including improved data management, enhanced IT infrastructure management and flexibility, and better security and compliance will further increase the demand for cloud infrastructure services throughout the forecast period.”
According to the report, one driver in the market is shift from the CAPEX model to the OPEX model. There is a rising cost pressure due to uncertain business and economic conditions which has compelled several companies to use flexible IT solutions. The cost of on-premises deployment model includes the cost of licensing, system design and customization, implementation, training, and maintenance.
Further, the report states that one challenge in the market is latency in the cloud network. One of the biggest challenges faced by cloud-based networks is the latency in data transmission during the retrieval of information from the public cloud infrastructure. The latency in the cloud-based is less predictable and further complicated to measure.
Alphabet, Amazon.com, Cisco Systems, IBM, and Microsoft.