Public Cloud Application Infrastructure Services Market Scope
The increasing data volume across various industry verticals will help to boost the global Public Cloud Application Infrastructure Services market in the forecasted period. The public cloud is referred to as a computing service provided by third-party providers over the public internet. Adoption of public cloud services is expected to remain high in various enterprises as it offers convenient access to business-related data to the employees. The public cloud allows users to share resources while maintaining the privacy of each user's data. Public cloud architecture is completely virtualized, providing an environment where shared resources are leveraged as needed.
According to AMA, the Global Public Cloud Application Infrastructure Services market is expected to see growth rate of 24.23%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Public Cloud Application Infrastructure Services market throughout the predicted period.
IBM (United States), Microsoft (United States), AWS (United States), Oracle (United States), Google (United States), Alibaba (China), Fujitsu (Japan), Rackspace (United States), DigitalOcean (United States) and Verizon (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are VMware (United States), CenturyLink (United States), Bluelock (United States), Dimension Data (South Africa), OVH (France), Joyent (United States), Skytap (United States), Virtuestream (United States), ProfitBricks (Germany), Tencent (China), DXC Technology (United States), AT&T (United States), NEC (Japan) and Navisite (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Public Cloud Application Infrastructure Services market , by Application (BFSI, Telecommunication, Media & Entertainment, Manufacturing, Transportation and Others) and Region with country level break-up.
On the basis of geography, the market of Public Cloud Application Infrastructure Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 14th April 2021, Oracle has announced that ServiceNow, the leading digital workflow company that makes work, work better for people, now supports Oracle Cloud Infrastructure (OCI). Enterprise customers are now able to access and manage OCI resources via their existing ServiceNow Service portal and the ServiceNow IT Operations Management (ITOM) Visibility application, which gives them a single dashboard to manage their public cloud resources from Oracle and other major cloud providers.
On 8th October 2020, IBM announced it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate the Managed Infrastructure Services unit of its Global Technology Services division into a new public company. This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value.
Market Trend
- Increased cost-savings and ROI
- The upsurging adoption of edge computing going mainstream
Market Drivers
- High demand due to changing market trends as well as agility
- The growing IaaS benefits across the globe
Opportunities
- Rise in number of SMEs to create new revenue opportunities for cloud vendors
- The growing demand due to high adoption in e-commerce industries
Restraints
- Concern related to the data losses
Challenges
- The issues of compatibility issues with legacy systems
Key Target Audience
Regulatory Bodies, Government Research Organization, Private Research Organizations and Others