During the projection period of 2020–2030, the value of the worldwide public cloud application infrastructure services market is expected to grow at a CAGR of 24.5%.
ongoing demand for more security and the bonus of using cloud infrastructure, which simplifies secure access even for distant access. As a result, public cloud services are becoming more and more linked to corporate agility. The use of public cloud services has become more feasible due to the expansion of Infrastructure as a Service (IaaS).
The enterprise IT value chain is undoubtedly changing as a result. Combining on-premises IT infrastructure with cloud infrastructure is a new trend in many businesses, and it’s still the best way to get public IaaS acceptance.
Key Takeaways of Public Cloud Application Infrastructure Services Market Study
- Among the application segment, the application infrastructure & middleware sub-segment is expected to witness a high growth rate during the forecast period, owing to the increasing adoption of digital business model, and modern application infrastructure to connect data, software, users, and hardware.
- East Asia is expected to create lucrative growth opportunities for players in the public cloud application infrastructure services market, owing to the IT organizations are migrating their business-critical infrastructure to the cloud, and increased adoption of hybrid IT, in the countries of this region.
Increasing Adoption of Public Cloud Application Infrastructure Services amid the COVID-19 Pandemic outbreak
The increasing work-from-home scenario amid global lockdowns due to COVID-19 outbreak, would drive the market for public cloud application infrastructure services during Q2-Q4 2020. Public cloud application infrastructure service-based offerings such as application development, database management systems, business intelligence platform, and others would grow at unprecedented rate.
However, new technologies such as AI, Robotics, AR/VR, IoT, cognitive security etc., would see surge in the adoption owing to the increasing new use-cases and new market opportunities. In addition, the overall public cloud application infrastructure services market is projected to grow at increasing rate, Q1 2021 onwards.
Introduction of New Public Cloud Application Infrastructure Services to Remain Key Strategy
Key vendors focusing on public cloud application infrastructure platforms are strategizing to develop and innovate new services related to public cloud infrastructure technology in order to achieve full global coverage and enhanced customer experience.
- In September 2019, Oracle partnered with VMware to provide support customers for implementing hybrid cloud strategies. According to this partnership, customers are able to execute their hybrid cloud strategies by using VMware Cloud Foundation on Oracle Cloud Infrastructure.
More Valuable Insights on Public Cloud Application Infrastructure Services Market
FMI’s report on the public cloud application infrastructure services market is segmented into five major sections such as application type (application development, application infrastructure & middleware, business intelligence platform, database management systems, others), platform services (data services, application platforms, integration services, development & lifecycle services, other platform services), enterprise (large enterprise, small & medium enterprise), vertical (government, BFSI, healthcare, telecommunication, media & entertainment, energy & utilities, retail/ wholesale, manufacturing, transportation, and others) and region to help readers understand and lucrative evaluate opportunities in the public cloud application infrastructure services market.
Public Cloud Application Infrastructure Services Market: Segmentation
The global public cloud application infrastructure services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
