Future Market Insights has announced the addition of the “Public Cloud Application Infrastructure Services Market: Global Industry Analysis and Opportunity Assessment, 2017-2022"report to their offering
Valley Cottage, NY -- (SBWIRE) -- 03/16/2019 -- The global public cloud application infrastructure services market is growing at a rapid pace all over the globe. This growth can be attributed to the latest change in enterprise business models which have now shifted to cloud based solutions to rev up infrastructure flexibility. An important driver for this market is the rapidly increasing popularity of cloud computing and its adoption by the companies the world over. Some of the advantages of cloud computing are models can be easily deployed and simplified administration of IT infrastructure. Some other advantages of using cloud services include reliable delivery and support of all services using third party apps that are absent in the enterprise firewall. Enhanced security is an added benefit of using cloud infrastructure, which makes secure access simplified, even for remote access. Thus, public cloud services are being increasingly associated with business nimbleness and speed. Growth of the Infrastructure as a Service (IaaS) has created new opportunities for the usage of public cloud services. This is surely altering the enterprise IT value chain. A recent trend in many enterprises is the mixing of existing IT infrastructure with cloud infrastructure and this remains the ideal path to public IaaS adoption.
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A public cloud is based on the standard cloud computing model, in which a service provider makes available to the general public resources such as applications and storage facilities through the internet. Infrastructure as a Service (IaaS) is a type of cloud computing in which virtualized computing resources are provided through the internet. IaaS is one of the three main categories of cloud computing, along with Software as a Service (SaaS) and Platform as a Service (PaaS).
This Future Market Insights report on the global public cloud application infrastructure services market forecasts that the global public cloud application infrastructure services market to reach nearly US$ 22,215 Mn in the year 2022 and exhibit a robust CAGR during the period of forecast.
North America Market Set to Dominate the Global Public Cloud Application Infrastructure Services Market in Terms of Revenue
The market in North America is set to dominate the global public cloud application infrastructure services market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America public cloud application infrastructure services market is the most attractive market, growing at a robust CAGR over the assessment period.
Application Infrastructure & Middleware Segment Poised to Touch a Value of Nearly US$ 8,236 Mn in 2022
As per the assessment of Future Market Insights, the application infrastructure & middleware segment is expected to reach a value of nearly US$ 8,236 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. Application infrastructure & middleware segment is expected to account for nearly one-third of the revenue share of the application type segment by the year 2017 and is expected to gain market share by the end of the year 2022.
Government Segment to exhibit a CAGR of 20.1% During the Assessment Period
As per the assessment of Future Market Insights, the government segment is slated to touch a figure of nearly US$ 2,977 Mn in the year 2022. This represents a CAGR of 20.1% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The government segment is expected to account for more than one-tenth of the revenue share of the vertical segment by the year 2017.
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The report also profiles companies that are expected to remain active in the expansion of global public cloud application infrastructure services market through 2022, which include Amazon Web Services Inc., Alphabet, Inc., International Business Machines Corp., Microsoft Corporation, Oracle Corp., ServiceNow, Inc., Salesforce.com, Inc., VMware, Inc., NetSuite, Inc. and Red Hat, Inc.