Global Cloud Infrastructure Market Is Expected to Reach Us$ 206.93 Billion by the End of 2020

Global Cloud Infrastructure Market is Expected to Reach US$ 206.93 Billion by the end of 2020 – by Market Research Engine

New York, April 17: Market Research Engine has published a new report titled as “Global Cloud Infrastructure Market”.

"Global cloud infrastructure market is expected to reach $206.93 billion, mainly dominated by North America, particularly the US, will be the largest market among Latin America, Western Europe, Central Eastern Europe (CEE),Middle East & Africa and Asia-Pacific.

“Global cloud infrastructure market is expected to reach $206.93 billion by the end of 2020 driven by all segments of the industry.”

The high growth has come mainly from the manufacturing industry followed by banking & financial services industry. The manufacturing industry is expected to reach $72.84 billion by 2020 at a CAGR of 13.7% for the forecast year 2015-2020.

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http://www.marketresearchengine.com/reportdetails/global-cloud-infrastructure-market

Cloud infrastructure will bring in a new era of functionality and opportunity by enabling organizations to do things which were not possible before. The cloud infrastructure will help smaller organizations to gain access to computing capabilities that were beyond their reach and budget in the past. Cloud infrastructure gives opportunity to large organizations to plan and support a broader portfolio of applications. Cloud services along with Software Defined Network (SDN) help to develop cost effective service offerings, which help in reducing the organisation's network cost.

The ever-changing innovation environment in the internet of things (IoT) market gives a lot of scope to start-ups to offer new devices and services to its customers, which in turn helps in the growth of the cloud infrastructure market as the majority of these start-ups will use cloud services as it is cost effective and start-ups get access to the latest technology.

Lot of changes is expected to be seen during the forecast...