Global Cloud Computing Market, By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a service (SaaS)), IaaS (Primary Storage, Disaster Recovery and Backup, Archiving and Compute), PaaS (Application Development and Platforms, Application Testing and Quality, Analytics and Reporting, Integration and Orchestration and Data Management), SaaS (Customer Relationship Management (CRM), Enterprise Resource Management (ERM), Human Capital Management (HCM), Content Management, Collaboration and Productive Suites, Supply Chain Management (SCM) and 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 the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Cloud Computing Market
The cloud computing market is expected to witness market growth at a rate of 15.00% in the forecast period of 2021 to 2028 and is expected to reach USD 1,118,037 million by 2028. Data Bridge Market Research report on cloud computing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the return on investments with lower infrastructure and storage costs is escalating the growth of cloud computing market.
Cloud computing is a known to be type of an internet-based computing which permits shared computer processing resources and data to computers and other devices on requirement. It offers the users and enterprises with a variability 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 consistent.
Major factors that are expected to boost the growth of the cloud computing market in the forecast period are the swift change in the preference of enterprises toward automation and agility. Furthermore, the enhanced customer experience with personalization and collaboration is further anticipated to propel the growth of the cloud computing market. Moreover, the rise in the need for remote workspaces with COVID-19 outbreak is further estimated to cushion the growth of the cloud computing market. On the other hand, the inadequate amount of technical expertise amongst the enterprises and the lack of network bandwidth providers is further projected to impede the growth of the cloud computing market in the timeline period.
- In addition, the rise in the need for cloud-based business continuity tools and services will further provide potential opportunities for the growth of the cloud computing market in the coming years. However, the compatibility complexities with legacy systems and the increase in the need to manage regulatory and compliance policy needs might further challenge the growth of the cloud computing market in the near future.
This cloud computing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 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.
Global Cloud Computing Market Scope and Market Size
The cloud computing market is segmented on the basis of laser types, components, transmission mediums, sales channels, and applications. The growth among segments helps you analyse 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 computing market has been segmented into infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS).
- On the basis of IaaS, the cloud computing market has been segmented into primary storage, disaster recovery and backup, archiving and compute.
- On the basis of PaaS, the cloud computing market has been segmented into application development and platforms, application testing and quality, analytics and reporting, integration and orchestration and data management.
- On the basis of SaaS, the cloud computing market has 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 is further sub business intelligence (BI) and analytics, PPM and operations and manufacturing applications.
Cloud Computing Market Country Level Analysis
The cloud computing market is analysed, and market size, volume information is provided by country, laser types, components, transmission mediums, sales channels, and application as referenced above.
The countries covered in the cloud computing market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the 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 the Middle East and Africa (MEA).
North America dominates the cloud computing market due to the occurrence of major key players. Furthermore, the growing propensity to adopt new technologies will further boost the growth of the cloud computing market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the cloud computing market due to the meeting the data sovereignty needs of the governments, hyper-scale cloud providers. Moreover, rise in the accessibility of skilled labor and keen focus offered by SMEs and large enterprises to enter is further anticipated to propel the growth of the cloud computing market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Computing Market Share Analysis
The cloud computing market competitive landscape provides details by a 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 the cloud computing market.
The major players covered in the cloud computing market report are Microsoft Corporation, AWS, Salesforce, Oracle, SAP, Google LLC, WorkdayAdobe., IBM, Amazon Web Services, Inc., Alibaba Cloud, VMware, Inc., Intel Corporation, RACKSPACE TECHNOLOGY, Verizon, Lumen Technologies., FUJITSU, NTT Communications Corporation, Kamatera, Inc., 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 Computing Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import-export and a grey area results data, literature review, consumer analysis, and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.