Cloud Infrastructure Services Market is estimated to witness lucrative growth from 2018 to 2024

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Cloud Infrastructure Services Market is poised to
grow substantially till 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Cloud Infrastructure
Services Market

• North America is projected to the lead the cloud
  infrastructure services market over the forecast
  time. The market growth is attributed to the
  presence of major technology players such as
  Amazon, Google, and Microsoft. This region is
  also a major hub for technology start-ups.
  Favorable business conditions and supportive
  government policies have encouraged businesses to
  develop advanced cloud platforms. Moreover,
  increasing venture capital in the cloud
  technology by prominent tech players has also
  driven the market growth.
• The Asia Pacific cloud infrastructure services
  market is anticipated to grow at the fastest pace
  due to the growing demand from developing
  economies. The supportive government initiatives
  and policies across the region also promote the
  demand for cloud services. For instance, in 2017,
  China launched the Digital China Initiative to
  enable the rapid commercialization of digital
  business models on a large scale.

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• Application Analysis of Cloud Infrastructure
  Services Market
• The Storage as a Service (SaaS) market holds the
  largest market share in the cloud infrastructure
  services market. This is a business model in
  which large businesses lend storage space to
  smaller companies. SaaS vendors are promoting the
  service as a convenient way to store the backup
  data. Compute as a Service (CaaS) market is
  anticipated to grow at a rapid pace over the
  forecast timespan. This service is used to allow
  access to raw computing resources on demand. Most
  of the CaaS services are priced through a
  consumption-based model.
• The growing demand for agility, flexibility, and
  control has accelerated the growth of the hybrid
  cloud market. The hybrid cloud allows
  organizations to respond to fluctuating demands
  and helps balance the high subscription costs
  associated with private cloud platforms. Vendors
  are focusing on expanding their hybrid cloud
  product portfolio. For instance, VMware has
  joined forces with Amazon to offer a complete
  hybrid platform on AWS. Some vendors are also
  offering on-premise platforms to extend their
  public cloud offerings.

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Competitive Market Share of Cloud Infrastructure
Services Market

• The companies operating in the cloud
  infrastructure services market are ATT, Alibaba,
  Dimension Data, AWS, IBM, InterVision, Oracle,
  Microsoft, Google, Rackspace, Fujitsu, Verizon,
  Bluelock, VMware, DigitalOcean, NEC, CenturyLink,
  OVH, Interoute, Tencent, Joyent, Skytap,
  Virtuestream, ProfitBricks, and NaviSite. The
  vendors in the market are conducting strategic
  acquisitions to increase their market share.
• In 2018, InterVision acquired Bluelock to own its
  Disaster Recovery as a Service (DRaas) and
  Infrastructure as a Service (IaaS) solutions.
  This acquisition positions InterVision to address
  the changing needs of its business in a better
  manner.

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