Cloud Network Infrastructure Market Segmentation by End-Users (Healthcare, Government, Business & Consulting Services, IT & Telecommunication, Banking, Manufacturing, and Others); and by Type (Software, Hardware, and Services)-Global Demand Analysis & Opportunity Outlook 2031

Global Cloud Network Infrastructure Market Highlights Over 2022 - 2031

The global cloud network infrastructure market is estimated to grow at a CAGR of ~28% over the forecast period, i.e., 2022– 2031. Moreover, in the year 2021, the market registered a revenue of approximately USD 9.0 billion. The growth of the market can be attributed to the increase in spending on the information and communication technology (ICT) and a reduction in operational cost of business organizations. Moreover, the future of the digital economy is based on cloud network infrastructure as it helps the organizations to be more efficient and cost effective in a competitive environment. As per the World Bank, the digital economy is growing two and a half times faster than the world’s economy over the past 15 years, that accounted for 15.5% of the world’s GDP. Therefore, the growing digital economy is expected to drive the growth of the global cloud network infrastructure market.

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The global cloud network infrastructure market is segmented by end-users into healthcare, government, business & consulting services, IT & telecommunication, banking, manufacturing, and others. Out of these, IT & telecommunication segment in the global cloud network infrastructure market is anticipated to hold the highest growth over the forecast period. The growth of the segment can be attributed to the increase in the demand for cloud based services and earlier adoption of these services by the IT and telecommunication organizations. Moreover, nowadays, organizations requires high mobility and high scalability that can be achieved through cloud network infrastructure.

Global Cloud Network Infrastructure Market Regional Synopsis

Regionally, the global cloud network infrastructure market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The North America region in the global cloud network infrastructure market is anticipated to hold the highest market share over the forecast period owing to the increase in the number of organizations opting for cloud network infrastructure in order to reduce their cost of data centers. Moreover, the North America region is estimated to witness noteworthy growth in the global cloud network infrastructure market over the forecast period on the back of cloud friendly policies and laws by the government. Furthermore, the U.S in the North America region is one of the countries with the best cloud based strategies for the organizations. As per the U.S. Department of the Interior, a cloud smart strategy was introduced in the year 2018 that provides guidelines related to security, labor skills and procurement for faster cloud adoption.

Market Segmentation

Our in-depth analysis of the global cloud network infrastructure market includes the following segments:

By End-Users

• Healthcare

• Government

• Business & Consulting Services

• It & Telecommunication

• Banking

• Manufacturing

• Others

 By Type

• Software

• Hardware

• Services

Growth Drivers and Challenges Impacting the Growth of the Global Cloud Network Infrastructure Market

Growth Drivers

• Increase in the spending on ICT

• Increase in the number of organizations opting for cloud services

• Reduction of operational cost through cloud network infrastructure

Challenges

• High cost for installation

• Lack of staffs for operating the infrastructure

Key Companies Dominating the Global Cloud Network Infrastructure Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cloud network infrastructure market that are included in our report are IBM Corporation, Dell Technologies, Inc., NetApp, Inc., Microsoft Corporation, Oracle Corporation, Cisco Systems, Inc., Intel Corporation, Amazon Web Services, Inc., Salesforce, Inc., Alphabet Inc., and others.

Latest Developments in the Global Cloud Network Infrastructure Market:

• 20 April 2022: Oracle Cloud Infrastructure (OCI) partnered with VMware to deliver Oracle Cloud VMware Solutions.  To provide a more cost-effective path to the public cloud, Oracle Corporation released three new E4 Dense Compute shapes for Oracle Cloud VMware Solution with AMD EPYC processors available in 32-, 64-, and 128-core configurations.

• 23 March 2022: Cisco Systems, Inc., announced new cloud hardware, software, and operating model to speed up the organizations hybrid cloud adoption.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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