Public Cloud System Infrastructure Services Market
It is estimated that the market for infrastructure services for public cloud systems will reach around US$ 110,350 Mn and grow at a rapid CAGR during the evaluation period.
The benefits of using public cloud services are what are driving the need for infrastructure services for public clouds. Users have access to online data, services, and applications via public cloud infrastructure services.
As a result, servers and pricey equipment like hard discs are no longer required.
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Additionally, it provides the convenience of a location because these services are easily accessible online. The public cloud services are elastic because they can be scaled up or down instantly to meet the demand for computing at that specific moment in time.
Users just pay for the services they really use, which makes public cloud services more affordable and reduces the need for hardware and other IT-related expenses. Additionally, since customers are relieved of the hassle of operating servers and updating software, public cloud services are easy to utilise.
4 Forecast Highlights on Global Public Cloud System Infrastructure Services Market
As per the forecast of Persistence Market Research, the print segment is slated to touch a value of nearly US$ 11,550 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022.
The print segment is estimated to account for more than one-tenth of the revenue share of the function segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the BFSI segment will reach a value of nearly US$ 6,000 Mn in the year 2017. This represents a robust CAGR growth during the forecast period.
The BFSI segment is forecasted to account for one-fifth of the total revenue share of the vertical segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the large enterprise segment is slated to reach a value of nearly US$ 63,700 Mn in 2022. The large enterprise segment is expected to lose market share by the end of the year 2022.
The largest share is contributed by the North America region in the large enterprise segment.
Persistence Market Research forecasts the US public cloud system infrastructure services market to grow from US$ 7,375.6 Mn in 2017 to US$ 30,545.6 Mn in 2022. This represents a compound annual growth rate (CAGR) of 32.9% from 2017 to 2022.
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The report has also included the profiles of some of the leading companies in the public cloud system infrastructure services market like VMware, Inc., Microsoft Corporation, Amazon Web Services Inc., Cisco Systems, Inc. International Business Machines Corp, AT&T Inc.
Alphabet, Inc., CenturyLink, Inc., Rackspace Hosting, Inc. and Fujitsu Limited.
Market Taxonomy
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Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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