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Allied Market Research
Surge in demand for low-cost IT infrastructure, rise in need of faster data accessibility and reliability, increase in the number of small & medium businesses in various countries across the globe, and rapid growth of cloud technology are expected to drive the growth of the global hosting infrastructure services market. Increase in the number of smartphone users, surge in internet penetration, and growth of the e-commerce sector during the pandemic had a positive impact on the market.
Portland, OR , Oct. 31, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global hosting infrastructure services market generated $14.5 billion in 2021, and is projected to reach $32.5 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
Report Coverage
Details
Forecast Period
2022–2031
Base Year
2021
Market Size in 2021
$14.5 billion
Market Size in 2031
$32.5 billion
CAGR
8.4%
No. of Pages in Report
210
Segments Covered
Offering, deployment mode, end-user, and region.
Drivers
Increase in the standard of living
Surge in demand for low-cost IT infrastructure
Opportunities
Rise in need of faster data accessibility and reliability
Rapid growth of cloud technology
Restrains
Security concerns over private cloud deployment
COVID-19 Scenario:
The outbreak of COVID-19 pandemic had a positive impact on…
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