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Rising demand for hybrid cloud platforms, rapid increase in adoption of Artificial Intelligence (AI) to solve business problems, increasing demand for AI cloud
— Emergen Research
VANCOUVER, B.C, CANADA, June 29, 2023/EINPresswire.com/ — The global cloud infrastructure market size was USD 188.40 Billion in 2021 and register a revenue CAGR of 11.8% over the forecast period. Rising demand for hybrid cloud platforms, rapid increase in adoption of Artificial Intelligence (AI) to solve business problems, and increasing demand for AI cloud are some key factors driving cloud infrastructure market revenue growth. A hybrid cloud infrastructure combines private cloud infrastructure along with one or more public clouds.
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In addition, hybrid cloud infrastructure allows data portability and application of orchestration across multiple computing environments. Moreover, it further allows organizations to coordinate workloads between connected environments, orchestrate across multiple applications, and exercise effective governance over IT systems. Furthermore, organizations can leverage optimal computing environment for every workload and process complex workloads in an affordable public cloud platform and keep simpler workloads in private cloud infrastructure.
As part of Emergen Research’s Global Cloud Infrastructure Market Research Report, key business details and extensive geographical spread of the Cloud Infrastructure industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Cloud Infrastructure market. A detailed forecast is provided until 2030 based on historical data from 2019 and 2020. Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies.
Report Objective:
The report offers a complete analysis of the global Cloud Infrastructure market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. Alphabet Inc. (Google), Amazon Web Services, Inc. (Amazon), International Business Machines Corporation, Alibaba Cloud (Alibaba Group)., Tencent Cloud, Salesforce, Inc., Oracle., Cisco Systems, Inc., AT&T Inc., and NetApp, Inc. are some of the top companies profiled in the report.
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Some Key Highlights from the Report
On 11 May 2022, Pure Storage, Inc. a U.S. based data storage service provider and Snowflake announced a partnership to develop a solution that would allow customers greater accessibility to on-premise data. This partnership will allow organizations to gain valuable insights from on-premises data while leveraging Snowflake’s analytical capabilities.
The services segment accounts for a significantly robust revenue share in 2021 owing to growing adoption of IaaS, PaaS, and SaaS. Private companies are rapidly adopting subscription-based pricing models to meet increasing demand for IT services. Additionally, limited IT budgets of SMBs and startups have led to an increase in demand for cloud platforms. Small enterprises are adopting as-a-service business model to meet growing demand for affordable infrastructure to deploy applications and sophisticated tools.
The hybrid segment revenue is expected to register a rapid growth rate over the forecast period. Dynamic workloads have led to an increase in demand for a hybrid environment, which enables faster scaling to meet expectations. Organizations can integrate hybrid cloud infrastructure with its existing infrastructure to provide affordable solutions to end-users.
Emergen Research has segmented the global cloud infrastructure market based on type, end-user, infrastructure, and region:
Type Outlook (Revenue, USD Billion, 2019–2030)
Hardware
Services
Infrastructure-as-a-Service (IaaS)
Platforms-as-a-Service (PaaS)
Relational Database as a Service (DBaaS)
Container-as-a-Service (CaaS)
Software-as-a-Service (SaaS)
End-user Outlook (Revenue, USD Billion, 2019–2030)
Banking, Financial Services, and Insurance (BFSI)
Consumer Goods & Retail
Manufacturing
Business & Consulting Services
Others
Infrastructure Outlook (Revenue, USD Billion, 2019–2030)
Public
Private
Hybrid
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Cloud Infrastructure market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Cloud Infrastructure Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
A.E.
South Africa
Rest of MEA
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