Cloud Infrastructure Services Market worth $93.50 Billion by 2019 – New Report by MarketsandMarkets
(PRWEB) February 10, 2015 -- The market research report "Cloud Infrastructure Services Market by Service Type & by Deployment Model - Worldwide Forecast and Analysis 2019" analyzes and studies the major market drivers, restraints, opportunities and challenges in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Browse 64 market data tables and 48 figures spread through 139 pages and in-depth TOC on “Cloud Infrastructure Services Market"
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Cloud infrastructure services mainly provide cloud computing solutions such as servers, networks, storage and applications to the various industries across the world. Cloud infrastructure services market is segmented into services, deployment model, verticals and regions. These services are deployed on cloud to yield better results by making the process fast and easy for the users to access from any place at any point of time.
MarketsandMarkets has broadly segmented the Cloud Infrastructure Services Market into following sub-segments:
1) Services: IaaS, Managed Hosting and Colocation.
2) Verticals: BFSI, retail, healthcare, government, energy, education, telecommunication, Information Technology (IT), manufacturing, research, consulting services, media, entertainment and others.
3) Regions: North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), Middle East and Africa (MEA).
MarketsandMarkets believes that the data security concerns associated with consumers regarding critical data storage in the cloud and technological constraints giving rise to network and application performance issues which are the major constraints in the Cloud Infrastructure Services Market. These challenges carry significant potential of hampering the adoption rate of cloud infrastructure services by numerous SMBs across a wide range of verticals.
The Cloud Infrastructure Services Market is estimated to grow from $55.73 billion in 2014 to $93.50 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. In regional segmentation North America is expected to be the biggest market in terms of revenue contribution while Latin America (LA), Middle East and Africa (MEA) and Asia-Pacific (APAC) are expected to emerge rapidly in this market with high CAGRs.
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