Global Water Operations Cloud Computing Market – Industry Trends and Forecast to 2029

Water Operations Cloud Computing Market Analysis and Size

The global water operations cloud computing market is anticipated to generate significant amounts of revenue over the forecast period. The organization's top priorities are data security and privacy, which requires digital protection for information storage, usage, and transmission. According to surveys, over 60% of the commercially sensitive data stored on hard discs is not held securely. Some of the essential security services provided by the vendors include data encryption, authorization management, access control, cloud integration, communication security, monitoring and auditing, and business continuity services. Consequently, such growth determinants give the market a positive outlook over the forecasted timeline.

Global Water Operations Cloud Computing Market was valued at USD 348,734.3 million in 2021 and is expected to reach USD 1432,740 million by 2029, registering a CAGR of 17.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Water Operations Cloud Computing Market Scope and Segmentation

Market Definition

Cloud computing is known as the on-demand availability of computer system resources, particularly data storage and processing power, without direct active supervision by the user. Functions in large clouds are frequently dispersed over several sites, each of which is a data center. The various water operations also require the cloud computing, which further aids in processing, storing and managing the data.

Water Operations Cloud Computing Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Burgeoning Adoption of Hybrid Cloud Services

The businesses with current infrastructure are embracing cloud computing services and are prepared to use a hybrid strategy so they may profit from both on-premises and cloud services. This is because of their significant advantages, such as no upfront infrastructure setup fees and the availability of computing services on demand, SMEs are widely adopting cloud computing services. These elements are influencing the expansion of hybrid cloud services. Improved workload management, more security and compliance, and effective integration within DevOps teams are all advantages of the hybrid cloud. Additionally, it provides the adaptability to migrate from on-premises to cloud or between clouds and has the necessary scale to outperform rival businesses. This factor will boost the overall expansion of the water operations cloud computing market.

Furthermore, the factors such as growing automation and suppleness coupled with the increased user and resource mobility will accelerate the overall market expansion during the forecast period. Additionally, the rising need to deliver improved customer experience is anticipated to drive the growth rate of the water operations cloud computing market. The introduction of emerging technologies such as artificial intelligence (AI) and machine learning will further positively impact the market's growth rate during the forecast period.

Opportunities

• Increased Efforts of Manufacturers

The various efforts of manufacturers are estimated to generate lucrative opportunities for the market, further expanding the water operations cloud computing market's growth rate over the forecast period. The upfront setup and ongoing maintenance costs of on-premises data hosting are a worry for businesses. Other business worries include downtime issues, staff expenditures, and electricity prices. The adoption of cost-effective strategies to reorganize business models has intensified due to the current competitive environment and global economic conditions. A few other variables that contribute to the acceptance of cloud computing services and, eventually, lower business costs include the shifting business priorities toward digital transformation and the speeding customer experience.

• Increased Awareness Regarding the Benefits

Additionally, the increased awareness regarding the benefits of cloud computing has numerous growth opportunities within the market. Additionally, the pay-as-you-go approach provided by the cloud allows businesses to only pay for the cloud services they really use, which lowers costs. The cloud services are becoming increasingly popular with startups and SMEs due to advantages such as on-demand accessibility and affordability. They also allow workers to concentrate on other important work for the company. These incentives are pushing businesses to quickly adopt cloud computing services.

Restraints/Challenges

• Increasing Cyberattacks and Dataloss

The demand for meeting regulatory and compliance requirements has been steadily growing in recent years due to shifting business requirements, an increase in data breaches and cyberattacks, and escalating worries about data security. Additionally, in order for businesses to succeed in the market, they must take steps to satisfy regulatory requirements, avoid financial penalties, protect their customers and revenue, and shield themselves from legal action. This factor is further expected to obstruct market growth over the forecast period.

• High Operational Cost

The high operational costs will further slow down the market growth rate. This factor will particularly harm market growth across developing and underdeveloped economies. Therefore, it is estimated to be significant challenge for the water operations cloud computing market over the forecast period.

This water operations cloud computing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the water operations cloud computing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In June 2020, Telefónica and Google announced a partnership. As part of this collaboration, Google intends to establish a cloud region in Spain that will utilize the infrastructure of Telefonica's Madrid area. By encouraging business digitalization and assisting Spain's public administration, this alliance also hoped to aid in the nation's post-COVID-19 economic recovery.

Global Water Operations Cloud Computing Market Scope

The water operations cloud computing market is segmented on the basis of service model, workloads, deployment mode, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Model

• Infrastructure as a Service
• Platform as a Service
• Software as a Service

 Workloads

• Storage
• Backup and Disaster Recovery
• Application Development and Testing
• Database Management
• Business Analytics
• Integration and Orchestration
• Customer Relationship Management
• Enterprise Resource Management
• Cloud Collaboration and Content Management
• Others

Deployment Mode

• Public Cloud
• Private Cloud
• Hybrid Cloud

 Organization Size

• Small and Medium-Sized Enterprises
• Large Enterprises

 Vertical

• Banking
• Financial Services, and Insurance
• IT and Telecommunications
• Government and Public Sector
• Retail and Consumer Goods
• Manufacturing, Energy and Utilities
• Media and Entertainment
• Healthcare and Life Sciences
• Others

Water Operations Cloud Computing Market Regional Analysis/Insights

The water operations cloud computing market is analyzed and market size insights and trends are provided by country, service model, workloads, deployment mode, organization size and vertical as referenced above.

The countries covered in the water operations cloud computing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the water operations cloud computing market because of the adoption of the advanced digital technologies to enhance their operations within the region over the forecast period of 2022 to 2029. Moreover, the presence of strong ICT is further estimated to accelerate the expansion over the forecast period.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surging availability of skilled and professional labor coupled with the intense focus provided by SMEs and large enterprises to enter and grow within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Water Operations Cloud Computing Market Share Analysis

The water operations cloud computing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to water operations cloud computing market.

Some of the major players operating in the water operations cloud computing market are

• Amazon Web Services, Inc. (U.S.)
• Microsoft (U.S.)
• Oracle (U.S.)
• Google (U.S,)
• Palo Alto Networks. (U.S.)
• SAP SE (Germany)
• IBM (U.S.)
• Zscaler, Inc. (U.S.)
• Cisco Systems, Inc. (U.S.)
• Cloud flare Inc., (U.S.)
• IBM (U.S.)
• Workday, Inc. (U.S.)
• PTC (U.S.)
• Fujitsu (Japan)
• Microsoft (U.S.)
• Siemens (Germany)
• Cisco Systems Inc. (U.S.)
• AWS (U.S.), Oracle (U.S.)
• Google Inc., (U.S.)
• Atos SE (France)

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