Cloud Infrastructure Services Market to expand at a CAGR of 17.63% by 2032- Report by Market Research Future (MRFR)

Market Research Future Insights:

Cloud Infrastructure Services Market Size was valued at USD 103.5 billion in 2022. The Cloud Infrastructure Services market is projected to grow from USD 121.74705 Billion in 2023 to USD 446.275 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.63% during the forecast period (2023 – 2032).

The market for Cloud Infrastructure Services encompasses cloud-based infrastructure services such as computing resources, storage, and networking, delivered by external providers over the internet. These services enable businesses and organizations to utilize IT infrastructure on a flexible pay-as-you-go model, alleviating the need for upfront capital investment and reducing the responsibility of maintaining and overseeing their own IT systems.

The dynamics of the cloud infrastructure services market have been significantly influenced by the COVID-19 pandemic. The global crisis has expedited the adoption of cloud-based solutions and services, particularly as businesses and organizations transitioned to remote work and online operations. The heightened necessity for secure and dependable cloud infrastructure to facilitate remote work, e-commerce, and online collaboration has fueled a surge in the demand for cloud infrastructure services.

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Key Players:

Some of the market key players are:

• Microsoft Corporation (U.S.)
• Fujitsu Limited (Japan)
• SaaS
• International Business Machines Corporation (U.S.)
• PaaS
• Cisco Systems Inc. (U.S.)
• VMware Inc. (U.S.)
• Oracle Corporation (U.S.)
• Google Inc. (U.S.)
• Hewlett-Packard Enterprise (U.S.)

Scope of the Report – Cloud Infrastructure Services Market:

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Market Segmentation:

The Global Cloud Infrastructure Services market has been segmented into Services, Deployment and Verticals.

Based on Services: laaS, PaaS and SaaS

Based on Deployment: Public, Private and Hybrid

Based on Verticals: BFSI, Manufacturing, Retail, Energy, Logistics, Research and Development

Browse In-depth Market Research Report (102 Pages, Charts, Tables, Figures) Cloud Infrastructure Services Market – https://www.marketresearchfuture.com/reports/cloud-infrastructure-services-market-1599

Regional Analysis:

North America is the largest market for cloud infrastructure services, followed by Europe and Asia Pacific. The market in North America is driven by factors such as the presence of a large number of cloud infrastructure service providers, the high adoption of cloud computing, and the growing trend of digital transformation across industries.

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, driven by factors such as the increasing adoption of cloud-based solutions by SMEs, the rise in demand for digital services, and the growing investments in cloud infrastructure by governments and enterprises.

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