Cloud Infrastructure Services Market Big 7 Still Open to Spending in 2020; Expect 25% Hike in Investment>
EIN Presswire
NEW JERSEY, USA, April 14, 2020 /EINPresswire.com/ — Advance Market Analytics released the research report of Global Cloud Infrastructure Service Market, offers a detailed overview of the factors influencing the global business scope. Global Cloud Infrastructure Service Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Global Cloud Infrastructure Service. AWS still outpaced its competitors and showing its dominance in the market. With its latest earnings its business has seen a rise of USD2.4 billion in Q4 2019 compared to Q4 2018. The AWS investment of USD34.6 Billion in the segment is a robust jump of ~30% compared to 2018, the enterprise sales and marketing resources combined with the general availability of AWS Outposts and the launch of AWS Local Zones will drive further growth. Microsoft Azureâs growth rate was higher in the Q4 2019, as it gained traction in enterprise accounts and benefited from its extensive channel reach. Cloud infrastructure services spending may see a slight drop in investment growth momentum for 2020 due to COVID-19 and may reach 135 USD billion. As many employees are transitioning to remote working, there is a sudden surge in demand for collaboration solutions. The share prices of collaboration tools providers have been soaring, and Microsoft announced that it now has 44 million users of the Teams platform globally, due to the high demand for collaboration solutions. At the PaaS layer, the impact is not so clear. Market Trend ⢠Increase adoption of cloud-based technologies is the current trend of this market. ⢠Owing to the increased demand for efficient data sharing computing service Market Drivers ⢠Increase in the investments in new digital transformation initiatives by the Government such as cloud and analytics. ⢠Disaster recovery and backup services. Opportunities ⢠Improved data management, enhanced IT infrastructure management and flexibility, and better security and compliance. Restraints ⢠Rigorous government rules and regulations ⢠The limited number of bandwidth providers Challenges ⢠The acceptance rate of the cloud infrastructure services is to strengthen the responsiveness about its safety aspects and Latency in the cloud-based network which has been showcased as the main challenge for this market.
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