Infrastructure Services Market Is Expected to Propel Growth Based on increasing volume of business and financial data in several verticals across Globe by 2018-2025
According to a report available on Radiant Insights, Inc.; the global infrastructure services market is projected to grow progressively by 2022. Increasing volume of business and financial data in several verticals can propel the market during the forecast period (2018 to 2025). Increasing adoption of hybrid cloud storage systems is also expected to bode well for the market. Advantages such as flexibility, improved IT management, enhanced security are also expected to increase the demand for cloud infrastructure services during the forecast period. The hybrid cloud-based system offers greater flexibility to select appropriate cloud deployment model for each workgroup. On-premises deployment involves system design and customization, implementation, licensing, training, and maintenance. Recent technological advancements related to IT infrastructure services are responsible for improvement in efficiency and accuracy of processes in numerous applications. Additionally, development and adoption of smart devices, emergence of next generation communication technologies, and rapid digitization are anticipated to drive the growth of IT and telecommunication sector over the forecast period. For instance, HCL Technologies (HCL) introduced an artificial intelligence (AI)-based, end-to-end testing automation platform called HCL TURBO for communication service providers. This platform can automate all phases of test lifecycle. It works across networks, devices, and application testing and can be deployed in on-premise, cloud, and in hybrid environments.
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Worldwide infrastructure services market can be bifurcated into type, application, and region. Based on type, the market can be segmented into public cloud, private cloud, and hybrid cloud. As per application, the infrastructure services market can be categorized into Banking, Financial services and Insurance (BFSI), manufacturing, government, retail and ecommerce, travel and hospitality, media and entertainment, healthcare and life sciences, telecommunications and IT, and others. Geographically, the infrastructure services market can be divided into United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. North America is anticipated to dominate the market during the forecast period. The region is expected to grow on account of high penetration of smart phone and tablets along with rising implementation of hybrid-cloud solutions. However, Asia Pacific infrastructure services market is projected to display significant growth during the forecast period. Growth in data volumes and growing implementation of latest application development technologies will support the market growth in the region during the forecast period. Adoption of public cloud is high in this region owing to its low costs, enhanced security, and on-demand availability. Some of the leading companies operating in the infrastructure services market include Oracle Corporation, Cisco Systems, Microsoft Corporation, Amazon Web Services, and IBM. The market comprises a large number of international and regional companies. Moreover, various organizations are concentrating more on outsourcing their network to increase flexibility and agility. This is also expected to create more opportunities for the market participants. Growing adoption of hybrid cloud storage systems is anticipated to offer several growth opportunities in the market. The players are mainly focusing on development of new products. For instance, Tata Consultancy Services (TCS), and Cisco have recently deployed the Cisco Application Centric Infrastructure (Cisco ACI) architecture for the TCS Enterprise Cloud Platform. Cisco ACI for TCS Enterprise Cloud Platform can enable software-defined approach to solve common customer challenges with unified control of both physical and virtual environments. This platform is expected to offer an improved IT efficiency, better scalability, and reduction in operational costs.
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Table of Contents:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Infrastructure Services Market Size Growth Rate by Type (2013-2025)
1.4.2 Public Cloud
1.4.3 Private Cloud
1.4.4 Hybrid Cloud
1.5 Market by Application
1.5.1 Global Infrastructure Services Market Share by Application (2013-2025)
1.5.2 BFSI
1.5.3 Telecommunications and IT
1.5.4 Manufacturing
1.5.5 Retail and Ecommerce
1.5.6 Government
1.5.7 Travel and Hospitality
2 Global Growth Trends
2.1 Infrastructure Services Market Size
2.2 Infrastructure Services Growth Trends by Regions
2.2.1 Infrastructure Services Market Size by Regions (2013-2025)
2.2.2 Infrastructure Services Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Infrastructure Services Market Size by Manufacturers
3.1.1 Global Infrastructure Services Revenue by Manufacturers (2013-2018)
3.1.2 Global Infrastructure Services Revenue Market Share by Manufacturers (2013-2018)
3.1.3 Global Infrastructure Services Market Concentration Ratio (CR5 and HHI)
3.2 Infrastructure Services Key Players Head office and Area Served
3.3 Key Players Infrastructure Services Product/Solution/Service
3.4 Date of Enter into Infrastructure Services Market
3.5 Mergers & Acquisitions, Expansion Plans
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