Global Cloud Computing Market Size & Growth Opportunity By Services (Infrastructure as a Service (IaaS), Software as a service (SaaS), Platform as a Service (PaaS)), By Deployment (Private Cloud, Public Cloud, Hybrid Cloud, Hybrid Cloud Community Cloud), By Industry (BFSI, IT and Telecommunications, Government, Consumer Goods and Retail, Healthcare, Manufacturing), By Region and Forecast till 2027
Report ID : IR10093 | Industries : Energy & Power | Published On :May 2024 | Page Count : 247
Global Cloud Computing Market Size & Growth Opportunity By Services (Infrastructure as a Service (IaaS), Software as a service (SaaS), Platform as a Service (PaaS)), By Deployment (Private Cloud, Public Cloud, Hybrid Cloud, Hybrid Cloud Community Cloud), By Industry (BFSI, IT and Telecommunications, Government, Consumer Goods and Retail, Healthcare, Manufacturing), By Region and Forecast till 2027
Market Overview
Global Cloud Computing Market was valued at USD 375.22 billion in 2021 which is expected to reach USD 725.45 billion by 2027 at a CAGR 10.43 % from 2022-2027.
The use of remote servers hosted on the internet for network sharing instead of local servers or personal computers to store, process, and manage data is known as cloud computing technology. Utilizing cloud computing technology lowers costs and makes all types of network devices able to access applications from anywhere at any time.
Market Drivers
the global cloud computing market is anticipated to grow as a result of increased digitalization, internet penetration, and the use of medical devices. Additionally, the growth of the global cloud computing market will be positively impacted by the ongoing development of next-generation industrial solutions and the increased adoption of edge computing, 5G technology, the Internet of Things (IOT), machine learning, and artificial intelligence. The expansion of the global cloud computing market is anticipated to be fueled by an increase in cloud computing innovation.
Market Restraint
However, the primary restraint that is anticipated to slow the growth of the global cloud computing market is data privacy and security concerns.
Market Segmentation
Global Cloud Computing Market is segmented into services such as Infrastructure as a Service (IaaS), Software as a service (SaaS), and Platform as a Service (PaaS), by deployment type such as Private Cloud, Public Cloud, Hybrid Cloud, and, Hybrid Cloud Community Cloud. Further, Global Cloud Computing Market is segmented into enterprise size such as Small and Medium Size Enterprise, and Large Enterprise.
Also, Global Cloud Computing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the industry globally and held the largest share. Business leaders in the United States place a high priority on digital transformation, and they are frequently credited with being early adopters of cutting-edge technologies like big data analytics, augmented reality, artificial intelligence, virtual reality, machine learning, and 4G, 5G, and LTE. As more American businesses adopt various technologies, the cloud computing industry is growing.
Market Key Players
Various key players are discussed in this report such as AWS, Salesforce, Rackspace, VMware, SPA, Alibaba, Oracle, Google, and Microsoft Corporation.
Market Taxonomy
By Services
• Infrastructure as a Service (IaaS)
• Software as a service (SaaS)
• Platform as a Service (PaaS)
By Deployment Type
• Private Cloud
• Public Cloud
• Hybrid Cloud
• Community Cloud
By Enterprise Size
• Small and Medium Size Enterprise
• Large Enterprise
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Cloud Computing Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cloud Computing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cloud Computing Market, By Services
5.1 Y-o-Y Growth Comparison, By Services
5.2 Global Cloud Computing Market Share Analysis, By Services
5.3 Global Cloud Computing Market Size and Forecast, By Services
5.3.1 Infrastructure as a Service (IaaS)
5.3.2 Software as a Service (SaaS)
5.3.3Platform as a Service (PaaS)
6 Global Cloud Computing Market, By Deployment Type
6.1 Y-o-Y Growth Comparison, By Deployment Type
6.2 Global Cloud Computing Market Share Analysis, By Deployment Type
6.3 Global Cloud Computing Market Size and Forecast, By Deployment Type
6.3.1 Private Cloud
6.3.2Public Cloud
6.3.3 Hybrid Cloud
6.3.4 Community Cloud
7 Global Cloud Computing Market, By Enterprise Size
7.1 Y-o-Y Growth Comparison, By Enterprise Size
7.2 Global Cloud Computing Market Share Analysis, By Enterprise Size
7.3 Global Cloud Computing Market Size and Forecast, By Enterprise Size
7.3.1 Small & Medium Size Enterprises
7.3.2 Large Enterprises
8Global Cloud Computing Market, By Region
8.1 Global Cloud Computing Market Share Analysis, By Region
8.2 Global Cloud Computing Market Share Analysis, By Region
8.3 Global Cloud Computing Market Size and Forecast, By Region
9 North America Cloud Computing Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Cloud Computing Market Share Analysis, By Services
9.3 North America Cloud Computing Market Size and Forecast, By Deployment Type
9.4 North America Cloud Computing Market Size and Forecast, By Enterprise Size
9.5 North America Cloud Computing Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Cloud Computing Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Cloud Computing Market Share Analysis, By Services
10.3 Europe Cloud Computing Market Size and Forecast, By Deployment Type
10.4 Europe Cloud Computing Market Size and Forecast, By Enterprise Size
10.5 Europe Cloud Computing Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Cloud Computing Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Cloud Computing Market Share Analysis, By Services
11.3 Asia Pacific Cloud Computing Market Size and Forecast, By Deployment Type
11.4 Asia Pacific Cloud Computing Market Size and Forecast, By Enterprise Size
11.5 Asia Pacific Cloud Computing Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Cloud Computing Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Cloud Computing Market Share Analysis, By Services
12.3 Latin America Cloud Computing Market Size and Forecast, By Deployment Type
12.4 Latin America Cloud Computing Market Size and Forecast, By Enterprise Size
12.5 Latin America Cloud Computing Market Size and Forecast, Country
13Middle East Cloud Computing Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Cloud Computing Market Share Analysis, By Services
13.3 Middle East Cloud Computing Market Size and Forecast, By Deployment Type
13.4 Middle East Cloud Computing Market Size and Forecast, By Enterprise Size
13.5 Middle East Cloud Computing Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 AWS
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Salesforce
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 I. Rackspace
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4VMware
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 SPA
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Alibaba
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Oracle
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Google
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Microsoft Corporation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies