The cloud infrastructure market is expected to be valued at USD 209.66 billion by 2022, growing at a CAGR of 12.9 percent between 2016 and 2022. The growth of this market can be attributed to the increasing ICT spending and trend of big data and analytics; rising demand from organizations for agile, scalable, and cost-effective computing; increasing number of digital services and their applications; and high penetration of hybrid cloud.
The cloud infrastructure hardware market is expected to grow at the highest rate over the next 6 years because of the rapid growth of public cloud infrastructure since end users are remodeling their infrastructures for specific workload and performance requirements by shifting to next-generation technologies. In the hardware market, server was the largest segment in 2015. The market for servers is expected to grow at a high rate because of continued infrastructure expansion by cloud service providers. Hewlett Packard is one of the leading companies in the cloud infrastructure market, followed by Dell, Inc.