The global demand for Public Cloud Application Services Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Cloud computing offers on-demand delivery of computer system resources such as data storage, applications, and computing power. Cloud computing can be private (single user) or public (available to many users). The public cloud computing service is provided by a third-party service provider over the internet to all the users. There is no need for users to invest and maintain their own IT resources while using public cloud application services. It may be free or on-demand paid services, or users can pay as per the usage only. Public cloud computing application services are installed faster than private cloud computing services. The third-party service provider is responsible for the maintenance and management of the system. The public cloud computing applications include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
Market Dyanamics
The benefits offered by public cloud computing applications such as faster deployment, low cost, indefinite scalability, no maintenance, and high reliability are the key drivers of the public cloud applications market. Furthermore, increased demand from end-use industries such as healthcare, electronics, telecommunication, automotive, and packaging is boosting the global market. The other notable factors that are strengthening the market include rising digitalization, growing adoption for cloud computing from small and medium enterprises, and surging remote working due to the COVID-19 pandemic.
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 segment in the global market of public cloud application services.
Market Segmentation
This section of the public cloud application services market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Service
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
By Outlook
- Large Enterprise
- Small & Medium Enterprise
By End-Use
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Manufacturing
- Energy & Utilities
- Healthcare
- Media & Entertainment
- Government & Public Sector
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Public Cloud Application Services 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 Public Cloud Application Services 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 public cloud application services market include Alibaba Group Holding Limited, Amazon.com Inc., Adobe Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com 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.
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