In a recent published report, Kenneth Research has updated the market report for Cloud Network Infrastructure Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Network Infrastructure Market products.
The Cloud Network Infrastructure Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
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The key players in the global cloud network infrastructure market include 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.). IBM Corporation, a prominent player in cloud network infrastructure market, has designed cloud infrastructure model named as IaaS, PaaS, and SaaS. In IaaS model a vendor provides clients access to storage, by paying the amount concerning the storage space, networking, servers and other computing resources in the cloud. In PaaS, a service provider offers access to a cloud-based environment in which users can build and deliver applications.
And in SaaS, the service provider provides software and applications to the client through the internet. Users subscribe to the software and access it via the web or vendor application programming interface.The mobility of data and its accessibility, continuity in business operations, cost saving from buying physical storage devices, visibility and on-demand business scalability are some of the key factors driving the cloud network infrastructure market.The global cloud network infrastructure market is estimated to grow at a CAGR of approximately 14% during the forecast period of 2017-2023.
Key Players
Some of the prominent players in the global Cloud Network Infrastructure 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.
Segments
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 includes 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 includes 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.
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Regional Analysis
The global cloud network infrastructure market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America market accounts for highest share in the global cloud network infrastructure market. Owing to the increasing IT requirements and growing adoption of cutting-edge data center technologies. The market in the U.S. is expected to experience a greater share as a significant number of organizations are shifting towards cloud services. Asia Pacific market is expected to grow at the highest CAGR. The rise in the number of small & medium size enterprises and the growing e-commerce sector in the region is boosting the cloud network infrastructure market.
Intended Audience
Technology Investors
Research/Consultancy Firms
Software Providers
System Integrators
Distributors and Resellers
Government and Standardization Bodies
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Telecom Operators
Healthcare Organizations
Financial Organizations
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