During the forecast period of 2020-2030, the worldwide public cloud application infrastructure services market is expected to grow at a CAGR of 24.5 percent.
The continuous need for improved security, as well as the added benefit of cloud architecture, simplifies secure access even for distant access. As a result, public cloud services are increasingly associated with corporate agility and speed. Infrastructure as a Service (IaaS) growth has opened up new possibilities for using public cloud services. The enterprise IT value chain is undoubtedly being altered as a result of this. Mixing existing IT infrastructure with cloud infrastructure has become a popular trend in many businesses, and this is still the best road to public IaaS adoption.
The Market for Public Cloud Application Infrastructure Services: Key Takeaways
- Due to the increasing adoption of digital business models and modern application infrastructure to connect data, software, users, and hardware, the application infrastructure & middleware sub-sector of the application segment is predicted to develop at a high rate over the forecast period.
- Because IT firms are transferring their business-critical infrastructure to the cloud and growing usage of hybrid IT in the countries of this region, East Asia is likely to generate lucrative growth prospects for players in the public cloud application infrastructure services market.
The implementation of new public cloud application infrastructure services will continue to be a key strategy.
To attain comprehensive worldwide coverage and improved customer experience, key vendors focused on public cloud application infrastructure platforms are planning to develop and invent new services linked to public cloud infrastructure technology.
Amazon Web Services Inc., Alphabet Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., ServiceNow Inc., Salesforce.com Inc., VMware Inc., NetSuite Inc., and Red Hat Inc. are some of the major companies.