Cloud IT Infrastructure Hardware Market by Component (Server, Storage System, Network Device, and Others), by Deployment Mode (Private Cloud, Public Cloud, and Hybrid Cloud), by Organization Size (SMEs and Large Enterprises) and by Application (Cloud Service Provider and Third-party Data Center Provider), and by End User (Banking, Financial Services, and Insurance (BFSI), Consumer Goods & Retail, Telecommunications & Information Technology, Healthcare, Energy, Government, Education & Research, Media & Entertainment, Manufacturing, and Business & Consulting Services) - Global Opportunity Analysis and Industry Forecast 2024–2030

Market Definition:

The Cloud IT Infrastructure Hardware Market size was valued at USD 235.09 billion in 2023 and is predicted to reach USD 512.16 billion by 2030 with a CAGR of 11.9% from 2024 to 2030. The cloud IT infrastructure hardware refers to the cloud network that is made up of a variety of physical hardware that can be located in multiple geographical areas. The hardware includes network devices such as switches, routers, firewalls, load balancers, storage arrays, backup devices, and servers.

The cloud IT infrastructure hardware also includes both public and private cloud infrastructure, as well as hybrid cloud solutions that combine elements of both. The cloud IT infrastructure hardware provides scalable, secure, and cost-effective cloud computing solutions for businesses of all sizes and across all industries.

Market Dynamics and Trends

The increasing demand for cloud computing in healthcare systems is driving the growth of the cloud IT infrastructure hardware market. Owing to the surge in big data, electronic health records (EHRs), and telemedicine, healthcare organizations are relying on cloud-based solutions to manage patient data & provide services to patients. This has led to the increased demand for cloud IT infrastructure hardware, as healthcare providers need powerful and secured systems to store and manage large amounts of data. 

Also, the increasing adoption of digital business transformation and the emergence of big data & analytics across various industries have further increased investment in cloud IT infrastructure hardware. As organizations require powerful and scalable infrastructure to support their data-intensive workloads, the demand for cloud IT infrastructure hardware has increased to efficiently and effectively process large volumes of data in a cost-effective manner.

Moreover, the implementation of hybrid cloud solutions, which integrate public and private cloud services to enable seamless communication between them, is expected to fuel the growth of the cloud IT infrastructure hardware market. Hybrid cloud solutions offer benefits such as scalability, security, cost-effectiveness, control, & speed, which ensure greater flexibility to organizations to move workloads between different cloud solutions, as needed.

However, concerns related to data privacy and security risks associated with cloud computing are expected to restrain the growth of the market during the forecast period. This is attributed to the increasing awareness among organizations about the risks associated with storing and processing sensitive data in the cloud. On the contrary, the growing emergence of hardware virtualization in cloud computing where a single physical server consolidates multiple physical servers into virtual servers is expected to create ample growth opportunities for the market in the coming years. 

Market Segmentations and Scope of the Study

The cloud IT infrastructure hardware market is segmented on the basis of components, deployment mode, organization size, application, end user, and geography. On the basis of component, the market is divided into server, storage systems, network devices, and others. On the basis of deployment mode, the market is classified into private cloud, public cloud, and hybrid cloud. On the basis of organization size, the market is categorized into SMEs and large enterprises. On the basis of application, the market is bifurcated into cloud service provider and third-party data center provider. On the basis of end user, the market is divided into (banking, financial services, and insurance (BFSI), consumer goods & retail, telecommunications & information technology, healthcare, energy, government, education & research, media & entertainment, manufacturing, and business & consulting services. The geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the lion share of the cloud IT infrastructure hardware market and is expected to continue its dominance during the forecast period. This is attributed to the growing implementation of cloud technologies in various industry verticals across countries such as the U.S. and Mexico. For instance, in July 2021, Google Cloud launched its first cloud region in Mexico. The cloud region in Mexico will unlock new possibilities for the use of cloud technologies by public sector organizations in the country. 

Also, major key players, such as Hewlett Packard Enterprise Co., Amazon Web Services, IBM Corporation, Dell Inc. and Cisco Systems, are adopting collaboration and product launches as their key developmental strategies, which would boost the market growth in this region. For instance, in February 2022, Dell Inc. announced a strategic collaboration with Marvel to develop a new hardware, Dell Open RAN Accelerator Card.

This is a new in-line 5G Layer 1 processing card for vRAN and Open RAN solutions. The collaboration and development of new hardware enabled their communications service providers (CSPs) to have better-performing systems that lower cost and power consumption, ensuring affordability, scalability, and high performance.

On the other hand, Asia-Pacific is expected to show a steady rise in the cloud IT infrastructure hardware market due to rapid urbanization and the growth of the industries in this region. Moreover, rising government initiatives to adopt cloud computing in nations, such as China, India, and Malaysia, is anticipated to propel the growth of the market in this region.

For instance, in March 2022, the Malaysian government launched a new Cloud Framework Agreement (CFA), together with local IT providers and Amazon Web Services (AWS) to help accelerate cloud adoption in the public sector. The CFA provides consulting and technology services to government agencies, and is attributed to contribute to the growth of Malaysia’s digital economy.

Competitive Landscape

The cloud IT infrastructure hardware market comprising of various market players such as IBM Corporation, Hewlett-Packard Enterprise, Cisco Systems Inc., Dell Inc., EMC Corporation, Lenovo Group Ltd., Amazon Web Services, Intel Corporation, Oracle Corporation and NetApp Inc. among others. These market players are adopting product launches across various regions to maintain their dominance in the cloud IT infrastructure hardware market. 

For instance, in October 2022, Oracle launched Oracle Alloy, a new cloud infrastructure platform that enables their partners to become cloud providers and offer a full range of cloud services to expand their businesses. Oracle Alloy offered software and hardware extensibility. It brings specific hardware appliances, such as specific types of compute or mainframes, to Alloy and offers new cloud services based on them.   

Moreover, in June 2021, Hewlett-Packard Enterprise introduced a new line of cloud-native compute solutions using processors from Ampere. This new solution provided service providers and enterprises working on cloud-native development with an agile, scalable, and trustworthy computing platform to drive innovation.

KEY BENEFITS

• The report provides quantitative analysis and estimations of the cloud IT infrastructure hardware market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the cloud IT infrastructure hardware market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the cloud IT infrastructure hardware market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

KEY MARKET SEGMENTS

By Component

• Server, Storage Systems

• Network Devices

• Others

By Deployment Mode

• Private Cloud

• Public Cloud

• Hybrid Cloud

By Organization Size

• SMEs 

• Large Enterprises

By Application

• Cloud Service Provider 

• Third-Party Data Center Provider

By End User

• Banking, Financial Services, And Insurance (BFSI)

• Consumer Goods & Retail

• Telecommunications & Information Technology

• Healthcare

• Energy

• Government

• Education & Research

• Media & Entertainment

• Manufacturing

• Business & Consulting Services

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Test