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Public Cloud Application Infrastructure Services Market Size, CAGR, Trends 2024-2030

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Market Overview and Report Coverage

Public Cloud Application Infrastructure Services refer to a collection of cloud-based services that provide a platform for running applications in a secure and scalable environment. These services include infrastructure as a service (IaaS), platform as a service (PaaS), and serverless computing.

The current outlook of the Public Cloud Application Infrastructure Services Market is positive, with a growing demand for cloud services due to the increasing adoption of digital transformation and the need for flexible and agile IT infrastructure. The market is expected to witness significant growth in the coming years, driven by factors such as the growing adoption of cloud-based applications, the rise of hybrid cloud environments, and the increasing demand for cost-effective and scalable solutions.

The future of the Public Cloud Application Infrastructure Services Market looks bright, with an expected CAGR of 8% during the forecasted period. This growth can be attributed to the increasing use of cloud services by organizations of all sizes, the advancements in cloud technology, and the growing awareness of the benefits of cloud computing. The market forecast suggests a steady rise in demand for public cloud application infrastructure services, along with the emergence of new trends such as multi-cloud strategies, edge computing, and containerization.

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Market Segmentation

The Public Cloud Application Infrastructure Services Market Analysis by types is segmented into:

  • Compute as a Service
  • Storage as a Service
  • Disaster Recovery and Backup as a Service
  • Networking as a Service
  • Desktop as a Service
  • Managed Hosting

 

Public Cloud Application Infrastructure Services offer various types of services to help businesses with their computing needs. Compute as a Service provides on-demand computing power, Storage as a Service offers cloud-based storage solutions, Disaster Recovery and Backup as a Service ensures data protection, Networking as a Service helps with connectivity, Desktop as a Service allows access to virtual desktops, and Managed Hosting provides managed server solutions. These services cater to different aspects of application infrastructure and can be tailored to meet specific business requirements.

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The Public Cloud Application Infrastructure Services Market Industry Research by Application is segmented into:

  • Government
  • BFSI
  • Telecommunication
  • Media & Entertainment
  • Manufacturing
  • Transportation
  • Others

 

The public cloud application infrastructure services market caters to various industries such as government, BFSI (banking, financial services, and insurance), telecommunication, media & entertainment, manufacturing, transportation, and others. These industries utilize public cloud services for hosting and managing their applications and data, enabling scalability, flexibility, and cost-efficiency. The government sector benefits from enhanced data security and compliance, BFSI relies on quick deployment and lower costs, while telecommunication and media & entertainment focus on enhancing customer experiences. Manufacturing, transportation, and other industries leverage public cloud services for improved operational efficiency and seamless collaboration.

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In terms of Region, the Public Cloud Application Infrastructure Services Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Public Cloud Application Infrastructure Services market?

In the global public cloud application infrastructure services market, some emerging trends include the increasing adoption of hybrid cloud models, the rise of serverless computing, and the growing emphasis on containerization and microservices. Current trends include the growing demand for AI and machine learning capabilities within cloud services, the popularity of cloud-native development approaches, and the continued focus on cybersecurity and data protection. Additionally, there is a shift towards more industry-specific cloud solutions and the integration of advanced analytics tools to enhance decision-making capabilities for organizations utilizing public cloud application infrastructure services.

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Major Market Players

In the highly competitive Public Cloud Application Infrastructure Services Market, companies such as Amazon Web Services Inc, Microsoft Corporation, and Google are leading the way with their innovative services and strong market presence.

Amazon Web Services Inc (AWS) holds the highest market share in the industry, providing a range of cloud computing services to businesses worldwide. AWS reported a revenue of $35 billion in 2020, showcasing its continued growth and dominance in the market.

Microsoft Corporation, with its Azure cloud platform, is a close competitor to AWS, offering a variety of services for businesses of all sizes. In 2020, Microsoft reported a revenue of $ billion from its intelligent cloud segment, which includes Azure services.

Google, part of Alphabet Inc, is also a major player in the market with its Google Cloud Platform. Google has been increasing its market share steadily and reported a revenue of $13.1 billion in 2020 from its cloud services.

Other notable players in the market include Oracle Corp, Salesforce.com, and VMware, each offering unique solutions for cloud application infrastructure services. These companies have been investing in innovation and partnerships to stay competitive in the rapidly evolving market.

Overall, the Public Cloud Application Infrastructure Services Market is expected to continue growing as businesses increasingly adopt cloud services for their IT infrastructure needs. The market is driven by factors such as digital transformation, remote working trends, and the need for scalable and flexible solutions. Companies that can offer reliable and secure cloud services will likely continue to see significant growth in the coming years.

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