Cloud Infrastructure Services Market Set for Rapid Growth Of USD 166.6 bn

1. Downloaded from: justpaste.it/758lm Cloud Infrastructure Services Market Surge Valuation Of USD 166.6 Billion By 2024: Report by MarketsandMarkets™ Cloud Infrastructure Services Market According to a research report "Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global cloud infrastructure services market size is expected to grow from USD 73.0 billion in 2019 to USD 166.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. The key growth factors for the market include governments’ increasing investments in new digital transformation initiatives, such as cloud and analytics; an increased awareness among enterprises about the benefits of cloud and its technologies and Internet of Things (IoT); and business continuity requirements resulting in high demand for cloud storage, disaster recovery, and backup services. Browse 122 market data Tables and 36 Figures spread through 176 Pages and in-depth TOC on "Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2024" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=116511247 The storage as a service, service type is expected to hold a larger market size during the forecast period Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. Organizations across all size and industries are leveraging cloud infrastructure services for improving efficiency, lowering the cost of server space and access to data anywhere. The disaster recovery and backup as a service segment is expected to grow at the highest CAGR during the forecast period, whereas the storage as a service segment is estimated to hold the largest market size in 2019. The cloud infrastructure services have become a central part of business processes, due to their ease of use, low operating costs, and flexibility. The public cloud is expected to hold the largest market size during the forecast period Among deployment models, the public cloud deployment model is estimated to hold the largest market size in 2019. The advantages of using the public cloud include the simplicity and ease of deployment. The initial investment required for the deployment is minimum, and there are no responsibilities involved in managing the infrastructure. The public cloud offers scalability, reliability, flexibility, utility-style costing, and location independence services.

2. Key Market Players Major players in the global cloud infrastructure services market are IBM (US), Microsoft (US), AWS (US), Oracle (US), Google (US), Alibaba (China), Fujitsu (Japan), Rackspace (US), DigitalOcean (US), Verizon (US), VMware (US), CenturyLink (US), Bluelock (US), Dimension Data (South Africa), OVH (France), Joyent (US), Skytap (US), Virtuestream (US), ProfitBricks (Germany), Tencent (China), DXC Technology (US), AT&T (US), NEC (Japan), and Navisite (US). These players have adopted various growth strategies, such as new product developments, mergers and acquisitions, collaborations, and partnerships, to expand their presence in the global cloud infrastructure services market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model —GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1–888–600–6441

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