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MarketsandMarkets expects the global Cloud Infrastructure Services Market to grow from USD 73.0 billion in 2019 to USD 166.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period . The major growth drivers for the market include low costs, flexibility, scalability, and security. The cloud infrastructure service offerings provide accelerated Time-to-Market (TTM) and speedy application development and running processes. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116511247 The storage as a service, service type is expected to hold a larger market size during the forecast period Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. Organizations across all size and industries are leveraging cloud infrastructure services for improving efficienc...

According to a research report " Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2024 ", published by MarketsandMarkets, the global cloud infrastructure services market size is expected to grow from USD 73.0 billion in 2019 to USD 166.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. The key growth factors for the market include governments’ increasing investments in new digital transformation initiatives, such as cloud and analytics; an increased awareness among enterprises about the benefits of cloud and its technologies and Internet of Things (IoT); and business continuity requirements resulting in high demand for cloud storage, disaster recovery, and backup services. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116511247...