Global Cloud Infrastructure Services Market to hit $93.5B by 2019
MarketsandMarkets has published a new cloud computing report that focuses directly on the global cloud infrastructure services market. The report goes into great detail explaining the overall all projected market value of the CISM. The report highlights the key drivers, barriers to entry, chances for engagement as well as the overall adoption scenarios for organizations wanting to purchase cloud infrastructure services. The report is titled “Cloud Infrastructure Services Market by Service Type by Deployment Model, Worldwide Forecast and Analysis 2014 – 2019.”
How does MarketsandMarkets define cloud infrastructure services? The research organization defines the term as pertaining to PAAS, IAAS, CDN/ADN, managed hosting, and colocation services. The paper goes on to say that there are 3 typical deployment models which they have defined as being public, private and community. Customers who shop for cloud infrastructure services are typically those looking to lease virtual servers, virtual networks, hosting their apps and utilize elastic storage systems.
The report goes in great detail regarding the overall outlook of the cloud infrastructure service market year by year up until 2019. The report breaks CISM into different segments and verticals. From there, MarketsandMarkets breaks down the segments even further by going into great detail concerning the analysis and forecasting of revenues of theses types of organizations. The report also gives us significant insight into the concerns of those just now adopting CISM which seem to largely revolve around data security.
MarketsandMarkets concludes that CISM will be worth $93.5B by 2019 with the market growing at a compound annual growth rate of 10.9%. North America beats out all of the other regions in the world as the report notes that the North America region will spend more money on cloud infrastructure services. That doesn’t mean that cloud entrepreneurs shouldn’t target other regions. MarketsandMarkets notes that the Latin America, Asian Pacific, Middle East and African markets are expected to rapidly expand between the years 2015 and 2019.
