Cloud Infrastructure Market to Grow at 12.9% CAGR through 2022, Forecasts MarketsandMarkets in Its Report Available at MarketPublishers.com22 Aug 2016 • by Natalie Aster
LONDON – At present, the world’s cloud infrastructure market is witnessing rapid growth. This trend is likely to continue through 2022, the market is predicted to experience a 12.9% CAGR. By 2022, the value of the cloud infrastructure market is anticipated to exceed USD 209.6 billion. Key market growth drivers include increasing ICT spending, rising big data and analytics sector, high penetration of hybrid cloud, escalating number of digital services and their applications, enhancing demand for scalable, agile and cost-effective computing from different organisations.
In the upcoming years, the highest growth rates are likely to be registered in the Latin American market for cloud infrastructure due to increasing penetration of cloud services across various sectors like retail, banking, healthcare, insurance, financial services, manufacturing, etc. Great opportunities for such cloud-based services as deployment and system integration, consulting, and support and maintenance, among others, open the following country markets in the region: Colombia, Peru, Chile, Argentina and Brazil. The major driver for the increasing adoption of cloud-based services in the Latin American region is the nascence of IT digitalization, which means enormous volume and also high velocity of digital data generation in the years ahead.
Topical research publication “Cloud Infrastructure Market” developed by MarketsandMarkets offers a set of trustworthy data covering various aspects of the world’s market for cloud infrastructure. It uncovers important historical information, describes the current scenario and explores the key market growth drivers. The report delves into regulative environment, characterises major competitive pressures, gives data on top players. Future market development forecasts as well as an overview of key growth prospects and opportunities are provided in the research study.
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