Cloud Infrastructure Market (Type - Hardware, and Services; End-user - Banking, Financial Services, and Insurance (BFSI), Consumer Goods & Retail, Healthcare, Manufacturing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Cloud Infrastructure Market (Type - Hardware, and Services; End-user - Banking, Financial Services, and Insurance (BFSI), Consumer Goods & Retail, Healthcare, Manufacturing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: ICT003127 Category: Electronics, ICT and Semiconductors Published: September, 2022

A recent report published by Infinium Global Research on the cloud infrastructure market provides in-depth analysis of segments and sub-segments in the global as well as regional cloud infrastructure market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cloud infrastructure market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cloud infrastructure market. According to the report, the global cloud infrastructure market is projected to grow at a CAGR of about 11% over the forecast period of 2022-2028.

Market Insight

The revenue generated by the cloud infrastructure market was about USD 210 billion in 2022 and is expected to over USD 405 billion in 2028 and is expected to grow with a CAGR of about 11% over the forecast period 2022-2028. Rising demand for cloud services globally and the rise in cloud service providers, the rapid surge in demand for cloud computing, increasing demand for hybrid cloud platforms and AI cloud, and also the rapid increase in adoption of computer science (AI) to unravel business problems are factors driving revenue growth of the market. The rapid increase in demand for cloud computing among organizations from various industries is another key factor driving revenue growth of the market over the forecast period. Rapid digitization is supporting various companies to modernize their application and infrastructure landscape to increase business agility and cost efficiency. Furthermore, cloud platforms are utilized by financial institutions to deploy fraud detection in real-time and its prevention. The extensive use of the Cloud Platforms in BFSI, and Telecommunications & ITES is anticipated to reinforce the expansion of the market during the forecast period.

Cloud Infrastructure Market

The introduction of trending technologies like Machine Learning and AI (AI) influences the expansion of the market during the forecast period. By utilizing cloud services and solutions, organizations can run their major business activities efficiently and effectively, move business workloads to a cloud platform, and avoid the latency of the network. Cloud computing offers more efficient and faster ways to adapt and run business operations in keeping with changing market environments. It streamlines the consumerization of technology. It unleashed unprecedented possibilities to form highly engaging customer experiences. Cloud has driven a behavioral change among people and businesses and enabled multiple lines of companies to navigate around the tech policies to induce things done. Cloud trends are essentially guiding organizations’ investment strategies, digital business decision processes, and vendor and technology selection. Factors, like the consequences of a knowledge breach and dependency on a web connection, are factors restraining the revenue growth of the market.

Owing to the spread of the covid-19 pandemic around the world, there's been an augmented demand for healthy and essential products. The pandemic is predicted to induce one of the foremost significant workplace transformations. People were forced to remain in their homes, as there have been various restrictions imposed by the governments of several countries worldwide. This whole devastating situation, created lots of stress among the people, mainly due to the increasing number of cases. The pandemic had a negative impact on the worldwide cloud infrastructure market everywhere around the world. This resulted in an exceedingly decline in the demand for cloud infrastructure in the market.

The report provides a regional outlook covering geographies like North America, Europe, Asia-Pacific, and the rest of the world. North America is anticipated to dominate the cloud infrastructure market. North America is the fastest-growing market and is predicted to witness a big CAGR during the forecast period. Companies within the U.S. place a powerful emphasis on digital transformation and are frequently regarded as early adopters of next-generation technologies like the IoT, additive manufacturing, big data analytics, connected industries, AI, AR, ML, and VR, furthermore because of the latest telecommunication technologies like 4G, 5G, and LTE. Furthermore, increasing investment by major market players will create growth opportunities. For instance, In December 2020, Google LLC launched four cloud regions across Indonesia, the U.S., and Asian nations. The Asia Pacific region is predicted to grow at the fastest rate during the forecast period attributable to the rapidly increasing industrialization in Asian countries.

Segment Covered

The report on global cloud infrastructure market covers segments such as type, and end-user. On the basis of type, the sub-markets include hardware, and services. On the basis of end-user, the sub-markets include banking, financial services, and insurance (BFSI), consumer goods & retail, healthcare, manufacturing, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Adobe Inc., Alibaba Group Holding Limited, Google LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Inc., SAP SE, and Workday, Inc.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the cloud infrastructure market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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