What is the growth forecast for the cloud infrastructure market?
The global cloud infrastructure market is expected to grow at a staggering 23.8% CAGR from 2024 to 2031, driven by factors like big data analytics and cost-efficiency.
Who are the major players in the cloud infrastructure market?
Tech giants like AWS, Google Cloud, and Microsoft Azure dominate the market, but players like Hewlett-Packard, Cisco Systems, and Dell also hold significant positions.
Which region is expected to see the highest cloud infrastructure growth?
The Asia Pacific region is projected to be the fastest-growing market, fueled by digitization initiatives and a skilled tech workforce.
What are the key challenges hindering cloud infrastructure growth?
Data security concerns and limited control over resources remain major hurdles, despite the immense benefits of cloud adoption.