Global Cloud-Based Computing Market, By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Deployment Model (Public Cloud, Community Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), End User (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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Cloud-based computing market size is valued at USD 1424.89 million by 2028 is expected to grow at a compound annual growth rate of 17.54% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cloud-based computing provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Cloud computing is a type of an internet-based computing which allows shared computer processing resources and data to computers and other devices on demand. It allows users and enterprises with a variety of capabilities to store and process data on either a privately-owned cloud or on a third-party server so as to make data accessing mechanisms ever easier and more reliable.
The rapid shift in the inclination of enterprises toward automation and agility is expected to influence the growth of cloud-based computing market over the forecast period of 2021 to 2028. Also the improved customer experience with personalization and collaboration and rise in the return on investments with lower infrastructure and storage costs are also anticipated to flourish the growth of the cloud-based computing market. Furthermore, the high demand for remote workspaces with COVID-19 outbreak and increase in the demand for cloud-based business continuity tools and services are also likely to positively impact the growth of the market. Moreover, the rise in the need for disaster recovery and contingency plan and the propagation of digital content and upsurge in internet usage are also expected create a huge demand for speaker driver as well as lifting the growth of the cloud-based computing market.
However, the limited technical expertise among enterprises along with the insufficient network bandwidth providers and dearth of access to high-speed internet are expected to act as the major limitations for the growth of cloud-based computing in the above mentioned forecasted period, whereas the compatibility complexities with legacy systems and the rise in the need to manage regulatory and compliance policy needs can challenge the cloud-based computing market growth in the forecast period of 2021 to 2028.
Likewise, the rise in adoption of hybrid cloud services and speaker drivers, high adoption of edge technologies, increase in number of small and medium-sized enterprises and the rise in the need for secure cloud environments to increase significantly are expected to create various new opportunities that will lead to the growth of the cloud-based computing market in the above mentioned forecasted period.
This cloud-based 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 cloud-based 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.
Global Cloud-Based Computing Market Scope and Market Size
Cloud-based computing market is segmented on the basis of service model, deployment mode, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service model, the cloud-based computing market is segmented into infrastructure as a service, platform as a service and software as a service. Infrastructure as a service has further been segmented into primary storage, disaster recovery and backup, archiving and compute. Platform as a service has further been segmented into application development and platforms, application testing and quality, analytics and reporting, integration and orchestration and data management. Software as a service has further been segmented into customer relationship management (CRM), enterprise resource management (ERM), human capital management (HCM), content management, collaboration and productive suites, supply chain management (SCM) and others. Others have further been sub-segmented into business intelligence (BI) and analytics, PPM and operations and manufacturing applications.
- On the basis of deployment mode, the cloud-based computing market is segmented into public cloud, community cloud, private cloud and hybrid cloud.
- The organization size segment of the cloud-based computing market is segmented into small and medium-sized enterprises and large enterprises.
- Based on end user, the cloud-based computing market is segmented into 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 and others. Others have further been sub-segmented into education, travel and hospitality and transportation and logistics.
Cloud-Based Computing Market Country Level Analysis
Cloud-based computing market is analyzed and market size, volume information is provided by country, service model, deployment mode, organization size and end user as referenced above.
The countries covered in the cloud-based computing market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the cloud-based computing market due to the high adoption of cloud computing solutions and the strong presence of numerous vendors. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 due to the high growth of China and India associated with the emergence of regional players.
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 Cloud-Based Computing Market Share Analysis
Cloud-based 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, regional presence, 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 cloud-based computing market.
The major players covered in the cloud-based computing market report are IBM, Microsoft, Google, Amazon Web Services, Inc., Oracle, Alibaba Cloud, VMware, Inc., Intel Corporation, RACKSPACE TECHNOLOGY, Adobe, Verizon, Lumen, FUJITSU, NTT Communications Corporation, Kamatera, Inc., DigitalOcean, LLC., massiveGRID Ltd., Liquid Web, LLC, Salesforce, Charter Communications, and CloudSigma AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Cloud-Based Computing Market
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