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Public Cloud System Infrastructure Services Market Segmentation by Function which is Storage, Print, Compute and also Segmentation by Vertical which is Government, BFSI ,Healthcare ,Telecommunication, Media & Entertainment
Public Cloud System Infrastructure Services Market is growing at a robust pace throughout the world due to the inherent returns that the public cloud services offer. The public cloud services are scalable, and it translates into the fact that such resources are available on demand from the vast pool of resources of the public cloud, and the users can use any of such resources as per the demand they have, scaling the resources up or down as per their own individual need. In addition, public clouds happen to be cost effective as components such a servers require a less amount of new configuration.
Also, public clouds operate on a large number of servers and networks, and hence even if one component fails, the cloud services will still be unaffected as it utilizes other components to keep the services intact. In other words, public clouds are reliable. Moreover, the public cloud services are available via an internet connection and it ensures flexibility in location, the client can be located anywhere where internet access is available.
Cloud services are delivered by IT infrastructure that is installed in centralized data centers and then offered ‘as a service’ to individuals and organizations. In public cloud services, organizations share the infrastructure that is in the external service provider’s data centers. However, in private cloud services, such type of infrastructure present in a cloud data center can only be used dedicatedly for that particular organization, and is not available for the general public or any other organization.
According to the assessment of Persistence Market Research, the global public cloud system infrastructure services market is forecasted to reach a figure of about US$ 110,350 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
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The market in North America is set to dominate the global public cloud system infrastructure services market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America public cloud system infrastructure services market is the most attractive market, growing at a robust CAGR over the forecast period.
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Get a Customized VersionAccording to the projections of Persistence Market Research, the storage segment is expected to reach a value of about US$ 75,610 Mn in the year 2022. This represents a robust CAGR during the forecast period of 2017-2022. The storage segment is estimated to account for more than half of the revenue share of the function segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
As per the assessment of Persistence Market Research, the government segment is poised to touch a figure of about US$ 17,000 Mn in the year 2022. This represents a CAGR of 28% during the assessment period from 2017 till the year 2022. The government segment is estimated to account for nearly one-fifth of the revenue share of the vertical segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
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The report also profiles companies that are expected to remain active in the expansion of global public cloud system infrastructure services market through 2022, which include Amazon Web Services Inc., Alphabet, Inc., International Business Machines Corp, Microsoft Corporation, Fujitsu Limited, Rackspace Hosting, Inc., CenturyLink, Inc., VMware, Inc., Cisco Systems, Inc. and AT&T Inc.
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