The global demand for Cloud Computing Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Cloud Computing is fundamentally a provision of various facilities over the internet. The resources include servers, data storage instruments and apps, networking, database, and software. Instead of maintaining files on a local storage device or a hard disk, the client can use cloud-based storage, which allows a remote database to save them. As long as the person has access to the internet by an electronic device, users can access the information and operating software programs. Cloud Computing has become a common choice for individuals due to its advantages like cost savings, effectiveness, safety, and enhanced productivity.
Rising demand for cloud computing and increased cloud services adoption are the key driving factors for the cloud computing market to grow. Cloud services help firms minimizing the overall capital expenditure. The market is also propelled by the rise in edge computing, which improves server response time and reduces latency. Rapid adoption and shift towards serverless computing are also factors to boost cloud computing development in the technological industry. However, System integration issues, network connectivity and latency issues, and vendor-related issues can impede the cloud computing industry growth over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cloud computing.
The entire cloud computing market has been sub-categorized into service, deployment model and organization size. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Deployment Model
- IaaS (Infrastructure as a Service)
- SaaS (Software as a Service)
- PaaS (Product as a Service)
By Organization Size
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Small and Medium-Size Enterprises (SMEs)
- Large Scale Enterprises
This section covers regional segmentation which accentuates on current and future demand for cloud computing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cloud Computing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cloud computing market include Amazon Web Services, Inc., Carbonite, Inc., Asigra Inc., Cumulocity GmBH, CISCO, DXC Technology Company, Druva Software, General Electric, Fujitsu, IBM, Honeywell International Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.