PUBLISHER: Allied Market Research | PRODUCT CODE: 1414909
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414909
According to a new report published by Allied Market Research, titled, "Cloud Infrastructure Market," The cloud infrastructure market was valued at $96.9 billion in 2022, and is estimated to reach $440.2 billion by 2032, growing at a CAGR of 16.7% from 2023 to 2032.
Cloud infrastructure underpins cloud computing by disaggregating the functions and features of those hardware and software components. Then, a cloud service provider or information technology (IT) department in the case of private cloud hosts those virtualized resources and delivers them to users over the internet or a network. These resources include virtual machines (VMs) and components, such as servers, memory, network switches, firewalls, load balancers and storage. These resources often support extensive and task-specific services, such as artificial intelligence (AI) and machine learning. Cloud infrastructure refers to the back-end technology elements found within most enterprise data centers servers, persistent storage, and networking equipment but on a much greater scale. Some large cloud providers, including hyperscale cloud companies, such as Facebook and LinkedIn, form partnerships with vendors to design custom infrastructure components that are optimized for specific needs, such as power efficiency or workloads that include big data and AI.
The rise of multi-cloud and hybrid cloud solutions allows businesses to distribute workloads across various cloud platforms and on-premises infrastructure. This approach provided flexibility, redundancy, and optimization of performance. In addition, serverless computing continued to gain popularity, enabling developers to focus solely on writing code without the need to manage underlying infrastructure. Security and compliance in the cloud became paramount, leading to the integration of advanced security features and compliance tools. Furthermore, edge computing emerged as a crucial trend, bringing processing power closer to the data source, reducing latency, and supporting real-time applications. Finally, the ongoing development of containerization technologies, such as Kubernetes, was transforming the deployment and management of applications, enhancing scalability and portability in cloud environments. Always check for the latest information, as the field of cloud infrastructure is dynamic and subject to rapid advancements.
The cloud infrastructure market is segmented on the basis of component, deployment mode, end user, and region. On the basis of component, the market is categorized into hardware, software, and services. By deployment mode, it is divided into public cloud, private cloud, and hybrid cloud. On the basis of end user, the market is segregated into BFSI, IT & telecom, consumer goods & retail, healthcare, manufacturing, government, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud infrastructure market is dominated by key players such as Hewlett Packard Enterprise Development LP, Dell Inc., Cisco Systems, Inc., IBM Corporation, Amazon Web Services, Inc., Salesforce, Inc., Intel Corporation, Oracle Corporation, Alphabet Inc. (Google LLC), and NetApp.
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