A new cloud computing report that focuses directly on the global cloud infrastructure services market published by MarketsandMarkets goes into great detail explaining the overall all projected market value of the CISM which highlights the key drivers, barriers to entry, chances for engagement as well as the overall adoption scenarios for organizations wanting to purchase cloud infrastructure services. The report is titled “Cloud Infrastructure Services Market by Service Type by Deployment Model, Worldwide Forecast and Analysis 2014 – 2019.”
The report focuses overall outlook of the cloud infrastructure service market year by year up until 2019 and breaks CISM into different segments and verticals. From there, MarketsandMarkets breaks down the segments even further by going into great detail concerning the analysis and forecasting of revenues of theses types of organizations. The report also gives us significant insight into the concerns of those just now adopting CISM which seem to largely revolve around data security.
CISM will be worth $93.5B by 2019 with the market growing at a compound annual growth rate of 10.9%. North America beats out all of the other regions in the world as the report notes that the North America region will spend more money on cloud infrastructure services. That doesn’t mean that cloud entrepreneurs shouldn’t target other regions. MarketsandMarkets notes that the Latin America, Asian Pacific, Middle East and African markets are expected to rapidly expand between the years 2015 and 2019 – Concluded by MarketsandMarkets