Cloud Infrastructure Services Market Expected to Reach $93.50 Billion by 2019 – New Report by MarketsandMarket
(PRWEB) March 12, 2015 -- This MarketsandMarkets report forecasts the global Cloud Infrastructure Services Market to reach $93.50 billion in 2019 at a healthy Compound Annual Growth Rate (CAGR) of 10.9% during forecasted period.
Explore Cloud Infrastructure Services Market with 64 market data table and 48 figures spread through 139 pages.
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Cloud infrastructure services offers the most flexible and powerful tools to fit the requirement of the enterprise seeking cloud based services. The types of services offered in this market comprises IaaS, PaaS, CDN/ADN, managed hosting and colocation services. The business processes are continuously changing and there is an urgent need to develop infrastructure platform for the organization. The right solution with advanced technology would allow the businesses to react to the changes and make quick decision.
The organizations continue to shift workloads to the cloud in order to improve up-time and offer improved service level. The vision of future is coming close to reality and businesses are capturing vast quantities of data with the end goal of maintaining good customer relationship. Infrastructure as a Service is increasingly being adopted by the enterprises followed by PaaS. The enterprise and its clients are now shifting towards the Hybrid Cloud Infrastructure model instead of traditional infrastructure outsourcing to provide better infrastructure services to the end users.
In terms of geography NA is expected to be the biggest market in terms of revenue contribution while emerging economies such as APAC, LA and Middle East and Africa (MEA) are expected to experience increased market traction with high CAGRs in due course.
North America is one of the growing regions in the cloud infrastructure services market that accounts for the largest market share as compared to other regions in the overall market in 2014. The major driver for this region is high penetration rate in BFSI, retail, telecommunication and IT industries. North America has a high penetration rate because most of the cloud infrastructure services vendors are based in North America region only.
The report provides an overview of the drivers, restraints, opportunities and challenges that impact this market. The report also segments and forecasts the overall cloud infrastructure services market in terms of types of services, deployment models, verticals and regions.
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