‘Tectonic shifts’ to drive hosting infrastructure services market to $28bn value by 2029

Market gains remain underpinned by a range of factors, including continuous advancements in cloud services and migration to hybrid IT environments.

The global hosting infrastructure services market is
estimated to reach a value of $28.07bn by 2029 as operational efficiency along
with low cost and enhanced security are identified as key factors behind the
spike in adoption of hosting infrastructure services.

The research, published by Future Market Insights,
anticipates a CAGR of 8% from 2019’s expected $13bn market value all the way to
2029. In 2018, the market value is calculated at $11bn.

In addition to operational efficiency and enhanced security, robust developments in small and midsize businesses (SMBs) are being captured by market vendors as dynamic opportunities to gain higher traction, therefore, speeding up the growth of the hosting infrastructure segment.

Researchers also pointed that the emergence of highly
advanced technologies such as machine learning and AI has led to “tectonic
shifts” in end-user preferences as well as services offered.

End-users’ preference for a holistic, multi-pronged approach
is influencing vendors to merge traditional hosting infrastructure with modern
public- and private- cloud technologies.

A number of companies operating in the BFSI industry are
embracing hybrid cloud models through which critical applications and processes
are migrated to private cloud with advanced security attributes, while other
applications are transferred to public cloud for agility and cost efficiency.

These factors are likely to increase the appeal for
businesses and enterprises to leverage hosting infrastructure service providers,
researchers pointed.

Furthermore, managed hosting and colocation services
continue to witness greater adoption; collectively, these account for 2/5th
revenue shares.

“As businesses make it a point to focus on their core competencies, rather than worrying…

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