The global hosting infrastructure services market is estimated to reach a value of US$ 12 billion in 2019, up from US$ 11 billion in 2018, according to a recently published report by Future Market Insights (FMI). Gains remain underpinned by a range of factors, including continuous advancements in cloud services and migration to hybrid IT environments.
Operational efficiency along with low cost and enhanced security are identified as key factors behind the spike in adoption of hosting infrastructure services. Furthermore, robust developments in small and midsize businesses (SMBs) are being captured by market vendors as dynamic opportunities to gain higher traction, opines the FMI report.
The emergence of highly advanced technologies such as machine learning (mL) and artificial intelligence (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.
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Big Gains in Managed Hosting and Colocation Services
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 about managing IT infrastructure, average spending is likely to witness a steady increase. According to the study, adoption is likely to remain strong in storage, data security, and cloud computing categories. The adoption of managed hosting and colocation services on the basis of ‘pay-per-use’ model has thus enabled the critical exchange and crossroads of entire IT environment.
It is also imperative to note that virtual private server-based services or VPS hosting services are growing in prominence. Providing enhanced control over servers and enabling agile deployment of virtualized workloads at low infrastructure cost, spending on VPS services is likely to witness an uptick over the course of the forecast period.
While industry-wide adoption of Software as a Service (SaaS) continues to influence growth strategies, stakeholders are focusing on boosting the visibility of other services such as Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). As enterprises are increasingly incorporating IaaS in their hybrid IT environments, hosting infrastructure service providers are implementing latest tools and technologies to improve operational efficiency at competitive offering. According to the FMI report, hosting infrastructure revenues through the adoption of IaaS is estimated to register a year-over-year (Y-o-Y) growth of 8% in 2019 through 2018.
According to the report, vendors are focusing on offering novel services and highly standardized products through technological innovations. Small players are flourishing through the presence of data center in respective countries and specific offerings for local customers.
Key Segment
By Deployment
- Optical Hosting Infrastructure Services Deployments
- Non-optical Hosting Infrastructure Services Deployments
By Service
- Hardware
- Software
- Services
By Enterprise Size
- SMEs
- Large Enterprises
By Vertical
- Healthcare and Life Science
- Energy and Utilities
- Retail and Consumer Goods
- IT and Telecommunication
- BFSI
- Government and Public Sector
- Manufacturing
- Media and Entertainment
- Others
By Cloud service type
- IaaS
- PaaS
- SaaS
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Hosting Infrastructure Services Market Structure Analysis
- Some of the top market competitors in the global hosting infrastructure services market include HPE Development LP; AT&T, Inc.; Level 3 Communications; CenturyLink, Inc.; Microsoft Corporation; Colt Technology Services Group Limited; NetApp, Inc.; Equinix Inc.; CoreSite Realty Corporation; and NTT Communications Corporation, among other vendors hosting infrastructure services and solutions.
- While most of the key players are focused on maintaining a strong market presence in the North American, European, and South Asian hosting infrastructure services markets, the report underscores that technology assessment will be an important developmental strategy for companies.
- Technology assessment and strategic product launches will be important developmental strategies for hosting infrastructure services and solution providers. Most key competitors are striving to maintain their strong market presence in the European, South Asia, and North American hosting infrastructure services markets.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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