(MENAFNEditorial) Cloud network infrastructure enables users by offering a secure, standardized and virtual storage service.. It delivers faster services, improves manageability, increases IT department's value and reduces the total cost of ownership. Cloud infrastructure is becoming boon for small and medium enterprises (SMEs) by offering scalable infrastructure and capabilities available as services. Cloud infrastructures are accessed using a pay-per-use model, unlike structures of payment that enable users to subscribe to vendor services for a set price or subscription. Enterprise can build their cloud infrastructure on their premises instead of purchasing from a cloud vendor. The cloud infrastructure model can be differentiated as, enterprises using a service provider cloud is termed as a public cloud; when an organization uses its infrastructure, it is termed as a private cloud; and when an organization uses some part of the public and private infrastructure, it is termed as a hybrid cloud.
The global cloud network infrastructure market is segmented by components and end-user. The component segment consists of hardware and services. The hardware component is further bifurcated into servers, disk storage, and Ethernet switches. The service segment consists of the platform as a service, infrastructure as a service, content delivery networks/applications, managed hosting and colocation services. The deployment segment consists of public, private and hybrid. The organization segment consists of small & medium size enterprises and large enterprises. The end-user application consists of BFSI, consumer goods, and retail, telecommunications, healthcare, energy, government, education and research, media & entertainment, manufacturing, business & consulting services and others.
According to Market Research Future Analysis, the global cloud network infrastructure market is estimated to generate revenue of approximately USD 212 Billion by 2023 growing at a CAGR of 14% during the forecast period 2017-2023.
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Global Cloud Network Infrastructure Market, 2017-2023 (USD Billion)
Source: MRFR Analysis
Some of the key players in the market: IBM Corporation (U.S.), Hewlett-Packard (U.S.), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), EMC Corporation (U.S.), NetApp, Inc. (U.S.), Amazon Web Services (AWS) (U.S.), Microsoft Corporation (U.S.), Alphabet Inc. (Google) (U.S.), Oracle Corporation (U.S.) and others.
Regional Analysis
North America region accounts for a high share of the global cloud network infrastructure market in terms of value, owing to the early adoption of cloud network infrastructure in large, small & medium size enterprises, the presence of major market players and advanced technology implementation by the enterprises. In Asia Pacific market, enterprises in countries such as Japan China and India are adopting cloud services at a rapid scale thereby aiding the market growth in the region. The study indicates that Europe also accounts for significant value share in the global Cloud network infrastructure market.
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