North America will dominate the Global cloud infrastructure market which is expected to reach $206.93 billion by 2020, according to Infoholic Research.
The main contributing industries will be manufacturing industry followed by banking and financial services industry.
According to Infoholic Research, manufacturing industry will reach $72.84 billion by 2020 at a CAGR of 13.7 percent.
Additionally, small organizations will gain access to computing capabilities with the help of cloud infrastructure while large organizations can plan and support a broader portfolio of applications.
Also, Software Defined Network (SDN) will help organizations to develop cost effective service offerings using which organizations can reduce its network cost.
The research also said software development will shift to the cloud and software companies will build the majority of the applications on cloud technologies.
Organization with the help of cloud infrastructure will focus on business and customer satisfaction oriented tasks.
In addition, hybrid cloud service will deploy unified integrated cloud model, which consists of internal and external cloud platforms that can be leveraged based on particular organization’s requirements.
“Global cloud infrastructure market is expected to reach $206.93 billion by the end of 2020 driven by all segments of the industry,” according to Infoholic Research.
In July, IDC released a report according to which IT infrastructure spending for public and private cloud in Europe, the Middle East, and Africa (EMEA) increased 16% year over year to reach $1.01 billion in revenue in the first quarter of 2015.
Shilpa Khatri