Cloud infrastructure market forecast to 2022 Forecast to 2022 by scalar market research

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Global Cloud Infrastructure Market, by Deployment Models (Private, Public, Hybrid), Components (Networks, Storage Systems, Servers), End-users (BFSI, Telecommunications and IT, Manufacturing, Healthcare, Govt. & Education, Retail), and Geography (North America, Asia-Pacific, Europe, Middle East and Africa, Latin America) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

October 2016


Table of Contents 1

MARKET OVERVIEW ...................................................................................................................... 10 1.1

Definition .............................................................................................................................. 10

1.2

Research Methodology ......................................................................................................... 10

1.2.1

Data Collection .............................................................................................................. 10

1.2.2

Secondary Research ...................................................................................................... 11

1.2.3

Primary Research .......................................................................................................... 11

1.3

Market Segmentation ........................................................................................................... 12

1.4

Assumptions .......................................................................................................................... 12

EXECUTIVE SUMMARY .................................................................................................................. 13

3

MARKET DYNAMICS ...................................................................................................................... 15

5

6

Drivers ................................................................................................................................... 15

3.2

Challenges ............................................................................................................................. 16

3.3

Opportunities ........................................................................................................................ 16

3.4

Trends ................................................................................................................................... 16

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3.1

INDUSTRY ANALYSIS...................................................................................................................... 18 4.1

Value Chain Analysis ............................................................................................................. 18

4.2

Ecosystem Analysis ............................................................................................................... 19

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2

CLOUD INFRASTRUCTURE MARKET, BY DEPLOYMENT MODELS .................................................. 20 5.1

Revenue Segmentation ......................................................................................................... 20

5.2

Market Share Segmentation ................................................................................................. 21

5.3

Deployment Models.............................................................................................................. 21

5.3.1

Private Deployment Model ........................................................................................... 21

5.3.2

Public Deployment Model............................................................................................. 23

5.3.3

Hybrid Deployment Model ........................................................................................... 25

CLOUD INFRASTRUCTURE MARKET, BY COMPONENTS ................................................................ 27 6.1

Revenue Segmentation ......................................................................................................... 27

6.2

Market Share Segmentation ................................................................................................. 28

6.3

Components .......................................................................................................................... 29


6.3.2

Storage Systems ............................................................................................................ 31

6.3.3

Servers........................................................................................................................... 33

CLOUD INFRASTRUCTURE MARKET, BY END-USERS ..................................................................... 35 7.1

Revenue Segmentation ......................................................................................................... 35

7.2

Market Share Segmentation ................................................................................................. 36

7.3

End-users Analysis................................................................................................................. 37

CLOUD INFRASTRUCTURE MARKET, BY REGIONS ......................................................................... 38 Revenue Segmentation ......................................................................................................... 38

8.2

Market Share Segmentation ................................................................................................. 39

8.3

Market Trends, By Regions ................................................................................................... 40

8.4

North America ....................................................................................................................... 42

E

8.1

By Countries .................................................................................................................. 42

8.4.1

By Deployment Models ................................................................................................. 43

8.4.1

By Components ............................................................................................................. 44

8.4.1

By End-users .................................................................................................................. 45

8.5

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8.4.1

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8

Networks ....................................................................................................................... 29

Europe ................................................................................................................................... 47

8.5.1

By Countries .................................................................................................................. 47

8.5.1

By Deployment Models ................................................................................................. 48

8.5.2

By Components ............................................................................................................. 49

8.5.3

By End-users .................................................................................................................. 50

8.6

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7

6.3.1

Asia-Pacific ............................................................................................................................ 52

8.6.1

By Countries .................................................................................................................. 52

8.6.2

By Deployment Models ................................................................................................. 53

8.6.3

By Components ............................................................................................................. 54

8.6.4

By End-users .................................................................................................................. 55

8.7

The Middle East and Africa ................................................................................................... 57

8.7.1

By Countries .................................................................................................................. 57

8.7.2

By Deployment Models ................................................................................................. 58

8.7.3

By Components ............................................................................................................. 59

8.7.4

By End-users .................................................................................................................. 60


8.8

9

Latin America ........................................................................................................................ 62

8.8.1

By Countries .................................................................................................................. 62

8.8.2

By Deployment Models ................................................................................................. 63

8.8.3

By Components ............................................................................................................. 64

8.8.4

By End-users .................................................................................................................. 65

COMPETITIVE LANDSCAPE ............................................................................................................ 67 9.1

Market Share Analysis........................................................................................................... 67

10 KEY MARKET PLAYERS ................................................................................................................... 69 10.1

Amazon.com, Inc................................................................................................................... 69 Overview ....................................................................................................................... 69

10.1.2

Key Strategies................................................................................................................ 69

10.1.3

Recent Developments ................................................................................................... 69

IBM Corporation ................................................................................................................... 71

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10.2

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10.1.1

Overview ....................................................................................................................... 71

10.2.2

Key Strategies................................................................................................................ 71

10.2.3

Recent Developments ................................................................................................... 71

10.3

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10.2.1

Google, Inc. ........................................................................................................................... 73 Overview ....................................................................................................................... 73

10.3.2

Key Strategies................................................................................................................ 73

10.3.3

Recent Developments ................................................................................................... 73

10.4

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10.3.1

Microsoft Corporation .......................................................................................................... 74

10.4.1

Overview ....................................................................................................................... 74

10.4.2

Key Strategies................................................................................................................ 74

10.4.3

Recent Developments ................................................................................................... 74

10.5

Cisco Systems, Inc ................................................................................................................. 76

10.5.1

Overview ....................................................................................................................... 76

10.5.2

Key Strategy .................................................................................................................. 76

10.5.3

Recent Developments ................................................................................................... 76

10.6

Hewlett-Packard Company ................................................................................................... 77

10.6.1

Overview ....................................................................................................................... 77

10.6.2

Key Strategies................................................................................................................ 77


10.6.3 10.7

Recent Developments ................................................................................................... 77

AT&T Inc. ............................................................................................................................... 79

10.7.1

Overview ....................................................................................................................... 79

10.7.2

Key Strategies................................................................................................................ 79

10.7.3

Recent Developments ................................................................................................... 79

10.8

Red Hat, Inc. .......................................................................................................................... 80

10.8.1

Overview ....................................................................................................................... 80

10.8.2

Key Strategies................................................................................................................ 80

10.8.3

Recent Developments ................................................................................................... 80

10.9

Rackspace Hosting, Inc. ......................................................................................................... 82 Overview ....................................................................................................................... 82

10.9.2

Key Strategies................................................................................................................ 82

10.9.3

Recent Developments ................................................................................................... 82

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10.9.1

10.10 VMware, Inc. ......................................................................................................................... 84 Overview ................................................................................................................... 84

10.10.2

Key Strategies............................................................................................................ 84

10.10.3

Recent Developments ............................................................................................... 84

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10.10.1

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11 SCALAR 360 DEGREE MARKET PERSPECTIVE ................................................................................ 86 12 APPENDIX ...................................................................................................................................... 87


List of Table

Global Cloud Infrastructure Market Size & Forecast (US$ billion) .................................... 13

Table 2.

Cloud Infrastructure market size & forecast by deployment models (US$ billion) .......... 20

Table 3. 2022)

Private Deployment Model Market Size & Forecast (US$ billion), By Regions (2014 ........................................................................................................................................... 21

Table 4.

Public Deployment Model Market Size & Forecast (US$ billion), By Regions (2014 - 2022) 23

Table 5. 2022)

Hybrid Deployment Model Market Size & Forecast (US$ billion), By Regions (2014 ........................................................................................................................................... 25

Table 6.

Cloud Infrastructure Market Size & Forecast (US$ billion), By Components (2014 - 2022) . ........................................................................................................................................... 27

Table 7.

Networks Size & Forecast (US$ billion), By Regions (2014 to 2022) ................................. 29

Table 8.

Storage Systems Market Size & Forecast (US$ billion), By Regions (2014 to 2022) ......... 31

Table 9.

Servers Market Size & Forecast (US$ billion), By Regions (2014 to 2022)........................ 33

Table 10.

Cloud Infrastructure Market Size & Forecast (US$ billion), By End-users (2014 to 2022) 35

Table 11. 2022)

Global Cloud Infrastructure Market Size & Forecast (US$ billion) by Regions (2014 ........................................................................................................................................... 38

Table 12.

North America Market Size & Forecast (US$ billion) ........................................................ 42

Table 13.

North America Market Size & Forecast (US$ billion), By Countries (2014 - 2022) ........... 42

Table 14. 2022)

North America Market Size & Forecast (US$ billion), By Deployment Models (2014 ........................................................................................................................................... 43

Table 15.

North America Market Size & Forecast (US$ billion), By Components (2014 - 2022) ...... 44

Table 16.

North America Market Size & Forecast (US$ billions), By End-users (2014 - 2022) ......... 45

Table 17.

Europe Market Size & Forecast (US$ billion) .................................................................... 47

Table 18.

Europe Market Size & Forecast (US$ billion), By Countries (2014 - 2022) ....................... 47

Table 19.

Europe Market Size & Forecast (US$ billions), By Deployment Models (2014 - 2022) .... 48

Table 20.

Europe Market Size & Forecast (US$ billion), By Components (2014 - 2022) .................. 49

Table 21.

Europe Market Size & Forecast (US$ billion), By End-users (2014 - 2022) ....................... 50

Table 22.

Asia-Pacific Market Size & Forecast (US$ billions), (2014 - 2022) .................................... 52

Table 23.

Asia-Pacific Market Size & Forecast (US$ billion), By Countries (2014 - 2022)................. 52

Table 24.

Asia-Pacific Market Size & Forecast (US$ billion), By Deployment Models (2014 - 2022)53

Table 25.

Asia-Pacific Market Size & Forecast (US$ billion), By Components (2014 - 2022) ........... 54

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Table 1.


Table 26.

Asia-Pacific Market Size & Forecast (US$ billion), By End-users (2014 - 2022) ................ 55

Table 27.

The Middle East and Africa Market Size & Forecast (US$ billion), (2014 - 2022) ............. 57

Table 28. 2022)

The Middle East and Africa Market Size & Forecast (US$ billion), By Countries (2014 ........................................................................................................................................... 57

Table 29. The Middle East and Africa Market Size & Forecast (US$ billion), By Deployment Models (2014 - 2022) ......................................................................................................................................... 58 The Middle East and Africa Market Size & Forecast (US$ billion), By Components (2014 ........................................................................................................................................... 59

Table 31. 2022)

The Middle East and Africa Market Size & Forecast (US$ billion), By End-users (2014 ........................................................................................................................................... 60

Table 32.

Latin America Market Size & Forecast (US$ billion), (2014 - 2022) .................................. 62

Table 33.

Latin America Market Size & Forecast (US$ billion), By Countries (2014 - 2022)............. 62

Table 34.

Latin America Market Size & Forecast (US$ billion), By Deployment Models (2014 - 2022) ........................................................................................................................................... 63

Table 35.

Latin America Market Size & Forecast (US$ billion), By Components (2014 - 2022)........ 64

Table 36.

Latin America Market Size & Forecast (US$ billion), By End-users (2014 - 2022) ............ 65

Table 37.

Acronyms .......................................................................................................................... 87

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Table 30. 2022)


List of Figures

Figure 1.

Global Market Share (%), By Deployment Models 2015 & 2022 ...................................... 21

Figure 2.

Market Share (%), By Private Deployment Model2015 & 2022 ....................................... 22

Figure 3.

Market Share (%), By Public Deployment Model 2015 & 2022 ........................................ 24

Figure 4.

Market Share (%), By Hybrid Deployment Model 2015 & 2022 ....................................... 25

Figure 5.

Global Cloud Infrastructure Market Share (%), By Components 2015 & 2022 ................ 28

Figure 6.

Networks Market Share, By Regions (2015 vs. 2022) ....................................................... 30

Figure 7.

Storage Systems Market Share, By Regions (2015 vs. 2022) ............................................ 32

Figure 8.

Servers Market Share, By Regions (2015 vs. 2022) ........................................................... 34

Figure 9.

Cloud Infrastructure Market Share, By End-users (2015 vs. 2022)................................... 36 Global Cloud Infrastructure Market Share (2015 vs. 2022) .......................................... 39

Figure 11.

Top Countries and their Market Worthiness ................................................................ 41

Figure 12.

North America Market Size (US$ billion), By Countries (2014 - 2022) ......................... 43

Figure 13.

North America Market Size (US$ billion), By Deployment Models (2014 - 2022) ........ 44

Figure 14.

North America Market Size (US$ billion), By Components (2014 - 2022) .................... 45

Figure 15.

North America Market Size (US$ billion), By End-users (2015 & 2022)........................ 46

Figure 16.

Europe Market Size & Forecast (US$ billion), By Countries (2015 & 2022) .................. 48

Figure 17.

Europe Market Size (US$ billion), By Deployment Models (2014 - 2022) .................... 49

Figure 18.

Europe Market Size & Forecast (US$ billion), By Components (2014 - 2022) .............. 50

Figure 19.

Europe Market Size &Forecast (US$ billions) By End Users(2015 &2022) ................... 50

Figure 20.

Asia-Pacific Market Size & Forecast (US$ billion), By Countries (2015 & 2022) ........... 53

Figure 21.

Asia-Pacific Market Size & Forecast (US$ billion), By Deployment Models (2014 - 2022) ....................................................................................................................................... 54

Figure 22.

Asia-Pacific Market Size & Forecast (US$ billion), By Components (2014 - 2022) ....... 55

Figure 23.

Asia-Pacific Market Size & Forecast (US$ billions) By End-users (2015 & 2022) .......... 56

Figure 24. 2022)

The Middle East and Africa Market Size & Forecast (US$ billion), By Countries (2015 & ....................................................................................................................................... 58

SA

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PL

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Figure 10.

Figure 25. The Middle East and Africa Market Size & Forecast (US$ billion) By Deployment Models (2014 - 2022) ............................................................................................................................ 59 Figure 26. The Middle East and Africa Market Size & Forecast (US$ billion), By Components (2014 - 2022) ....................................................................................................................................... 60


The Middle East and Africa Market Size & Forecast (US$ billion), By End-users (2015 & ....................................................................................................................................... 61

Figure 28.

Latin America Market Size & Forecast (US$ billion), By Countries (2015 & 2022) ....... 63

Figure 29. 2022)

Latin America Market Size & Forecast (US$ billion), By Deployment Models (2014 ....................................................................................................................................... 64

Figure 30.

Latin America Market Size & Forecast (US$ billion), By Components (2014 - 2022).... 65

Figure 31.

Latin America Market Size & Forecast (US$ billion), By End-users (2015 &2022) ........ 65

Figure 32.

Market Competitive Strengths...................................................................................... 68

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Figure 27. 2022)


1 MARKET OVERVIEW 1.1 Definition The 'Global Cloud Infrastructure Market – Market Size and Forecast (2014-2022)' report includes market size and forecast estimates for the period 2014 to 2022. The scope of this report is deployment models such as private, public and hybrid, components as networks, storage systems, and servers, along with segments by end-users and geographic regions.

Cloud infrastructure is one of the fundamental models in cloud computing system.

E

Through this, enterprises receive computing resource access by a virtual

PL

environment. Cloud infrastructure could be delivered in private, publicor in both simultaneously. The integration of private and public deployment of the infrastructure is called as hybrid model.This report focuses on the market study of private, public

M

and hybrid deployment models and undertakes insights on key market influencers such as driver, challenges, opportunities, and current trends.The report enriches with

SA

value chain analysis, market ecosystem, competitive landscape, and key industry players and their forward-looking strategies.

1.2 Research Methodology

1.2.1 Data Collection The market study of cloud infrastructure market incorporates prolonged two-way approaches, secondary and primary research to collect the information commercially and study the market. The data collection part was focused, and related to capturing thewhole market from various perspective. Data collected from multiple sources was logically linked and analyzed by analysts.


1.2.2 Secondary Research Secondary data gathering procedure, with subsequent references such as company websites, journals, magazines, directories, databases such as Bloomberg, Hoovers, Factiva, company annual reports, press releases, white papers and government publishing sources also have been taken into consideration. Data from these sources have been used to obtain industry value chain, supply chain, company profiles, and other key areas such as recent developments, collaborations from analytics market perspective.

Secondary Source

Market Size, Share, Revenue

Company Annual Reports, Financials, Press Releases, Directories, Journals.

Industry Analysis, Technology Analysis

Company websites, Market Journals, White papers, Magazines, Other market studies.

PL

Company Annual Reports, Financials, Press Releases, Investors Relations, Directories, Journals.

SA

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Competitive Landscape

E

Report Parameter

1.2.3 Primary Research

Primary data is one of the most important data in the research study. Primary data has been considered and linked to the report to make thestudy more crisp and informative. Structured interviews with industry specialists, VPs, C-Suite executives, directors, technology consultants were takento collect the primary key data. The primary data was focusedon both the demand and supply side of the market. Market Engineering was carried out from the data, and excessive analysis has been done on it. Primary data was also considered extensively in validating the secondary content. Market engineering process involved both topdown and bottom-up approach to estimate market size and market forecast and segments the market into more sub-segments.


1.3 Market Segmentation

Cloud Infrastructure Market

Deployment Models

End-user

Region

• Networks • Storage System • Hybrid

• BFSI • Telecomm & IT • Manufacturing • Healthcare • Government • Retail

• North America • Europe • Asia-Pacific • Middle East and Africa • Latin America

PL

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• Private • Public • Hybrid

Components

1.4 Assumptions

Yearly fluctuation in inflation rate has not been considered while forecasting market revenue.

Top-down approach has been used to assess market numbers for each

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segment and sub-segments. 

Various secondary sources such as annual reports, journals, articles, and others have been considered to obtain market revenue and market shares.

All values for market revenue are in US$ billions.


2 EXECUTIVE SUMMARY The 'Global Cloud Infrastructure Market (2014-2022)' report consists of total market revenue on major geographic regions along with various segmentation. The global market was valued US$ XX billion in 2015, and expected reach US$ XX billion by 2022, with the CAGR of 24.77%.

Table 1.

Global Cloud Infrastructure Market Size& Forecast (US$ billion)

Cloud Infrastructure 2014 2015 2016 2017 2018 Market

2021

2022

PL M SA

CAGR%(201 6-2021)

24.77%

E

Market Size (US$ billion)

2019 2020

66.46 54.48 44.41

35.90

28.77

22.70

10.05

2014

13.45

2015

17.61

2016

2017

2018

2019

2020

2021

2022

Source: Scalar Market Research Analysis

The market is influenced by some of thekey market trends such asincrease in hybrid cloud adoption, virtual platform deployments in several industries like healthcare, retail, finance, and many others. Cloud infrastructure market is expected tobe driven by increase adoption of theinternet of things. Cost-reduction strategy across enterprises has elevated the cloud infrastructure market. North America holds the major chunk of the global market share and Asia-Pacific along with Latin America


3 MARKET DYNAMICS The global cloud infrastructure market has seen elevated growth in the recent years through increased digitalization and cloud adoption in several developed economies. Especially, North America and Europe have played asignificant role with their improved cloud computing systems and private/public cloud adoption in several industry verticals such as finance, healthcare, retail, and many others. However, there are some external as well as internal factors which are influencing this market in some or the other way. These factors are classified into drivers, challenges, opportunities, and trends.

PL

E

3.1 Drivers

Increasingdemand of cost-effective computing in business operations.

o According to International Journal of e-business and e-government

decision.

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studies, lower cost is the primary factor in cloud investment Growing concern of disaster recoveries in critical computing systems.

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o With respect to the market watchers, increased adoption of cloud space adjustments and flexible cloud structure has catered the need of disaster management. The rise in onshore datacenter establishments for cloud systems.

o Growing need of cloud space adjustments, flexible cloud structure, and security concerns, in many country demands for onshore cloud datacenters. Enhancements incloud-based IoT platforms.

o According to World Economic forum,top developed countries, especially in North America and Europe region, are putting more efforts in ICT innovation.


4 INDUSTRY ANALYSIS 4.1 Value Chain Analysis The following flowchart represents the value chain for global cloud infrastructure market. The particular value chain comprises of IT professional service, managed service, infrastructure service, and end-users. The whole value proposition passes through several applications needed especially in virtual server and network designs, web services, datasecurity monitoring and distinctive industry verticals like BFSI, healthcare, retail, manufacturing, telecommunication, and

Delivers hosted services like security checks, data and server migrations.

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Delivers cloud strategy and professional expertise

Managed Service

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IT Professional Service

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many others.

Source: Scalar Market Research Analysis

Infrastructure Service

End -users

Operates and support cloud platforms, softw are, and virtualized services.

- BFSI - Healthcare - Retail - Manufacturing - Telecomm - Government


5 CLOUD INFRASTRUCTURE MODELS

MARKET,

BY

DEPLOYMENT

With the report analysis of cloud infrastructure by deployment models, themarketis divided into private, public and hybrid models.

5.1 Revenue Segmentation

Deployment Models

Cloud Infrastructure market size& forecast by deployment models(US$ billion) 2014

2015

2016

2017

2018

2019

2020

E

Table 2.

PL

Private Public

TOTAL

2022

24.77%

SA

Source: Scalar Market Research Analysis

M

Hybrid

2021

CAGR% (20162022)

Through our analysis, private and public deployment models were valued at US$ XX billion and US$ XX billion in 2015, and are expected to value at US$ XX billion and US$ XX billion respectively. However, hybrid model was valued at US$ XX billion in 2015, and is expected to reach US$ XX billion by 2022, with the highest CAGR of XX% among all models.


6 CLOUD INFRASTRUCTURE MARKET, BY COMPONENTS Bycomponents, global cloud infrastructure market is divided into networks, storage system and server market.

6.1 Revenue Segmentation Table 6.

Cloud Infrastructure Market Size& Forecast (US$ billion), By Components (2014-2022)

Components

2014

2015

2016

2017

2018

2019

2020

2021

2022

CAGR% (20162021)

Networks

PL

E

Storage Systems Servers TOTAL

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Source: Scalar Market Research Analysis

24.77%

SA

As of 2015, networking in cloud infrastructure was valued at US$ XX billion and is expected to reach US$ XX billion by 2022. However, storage systems in cloud infrastructure were accounted US$ XX billion in 2015, and is anticipated to grow with CAGR of XX%, to reach a market size of US$ XX billion.


7 CLOUD INFRASTRUCTURE MARKET, BY END-USERS 7.1 Revenue Segmentation Table 10. Cloud Infrastructure Market Size & Forecast(US$ billion), By End-users (2014 to 2022) INDUSTRY

2014

2015

2016

2017

2018

2019

2020

2021

2022

CAGR%(2 016-2021)

BFSI Telecomm & IT

E

Manufacturi ng Healthcare

PL

Government and Education

M

Retail

TOTAL

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Others

Source: Scalar Market Research Analysis

24.77%


8 CLOUD INFRASTRUCTURE MARKET, BY REGIONS Global Cloud Infrastructure market is segmentedinto several geographical regions such as North America(NA), Europe, Asia-Pacific, Middle East and Africa(MEA), and Latin America (LA).Among these North America is the biggest market holding more than 50% of total cloud infrastructure market.

8.1 Revenue Segmentation Table 11. Global Cloud Infrastructure Market Size& Forecast(US$ billion) by Regions(2014-2022) 2014

2015

2016

2017

Europe

TOTAL

SA

Latin America

2020

2021

2022

CAGR%(201 6-2021)

M

AsiaPacific MEA

2019

PL

North America

2018

E

COUNTRY

Source: Scalar Market Research Analysis

24.77%


Figure 11. Top Countries and their Market Worthiness

Technology Readiness

COUNTRY

Innovation

Research Sustainability

Ease of doing Business

U.S. Canada U.K Germany

E

Japan

PL

Australia South Korea China

M

India

SA

Brazil Source: Scalar Market Research Analysis

By Scalar Market Research analysis, it has been predicted that the technology readiness is the primary driving factor for strong market presence in any geographical region. Ease of doing business and investment policies by government bodies also accounts for influence over the market. Countries like Germany and China possess superior potential, though cloud infrastructure service provider needs to find a right way for their investments in such type of strictly regulated markets. Developing economies are lagging with their slower innovation, research and development programs. Market players require to wait for the right moment, to promote their new or innovative products.


9 COMPETITIVE LANDSCAPE 9.1 Market Share Analysis Cloud infrastructure market is expected to be dominated by top six to seven players, who account for holding approximately 70% of total market share. The list of top players includes Amazon.com, Inc., Microsoft Corporation, IBM Corporation, Rackspace Hosting, Inc., Hewlett-Packard Company, Google, Inc., and VMware, Inc.

5.250

Google 4% HP 5%

USD Billion

Vmware 4%

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Rackspace 6%

IBM 11%

1.025

0.574

0.465

0.392

PL

1.130

0.365

AWS 57%

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Microsoft 13%

Source: Scalar Market Research Analysis

The abovetable shows top player's revenues in cloud infrastructure market.


12 APPENDIX

Compounded Annual Growth Rate

NA

North America

EU

Europe

APAC

Asia-Pacific

MEA

The Middle East& Africa

LA

Latin America

BFSI

Banking, Financial services, and Insurance

TELECOMM

Telecommunication

UAE

United Arab Emirates

U.K. U.S.

M

PL

E

CAGR

SA

Table 37. Acronyms

United Kingdom United States


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