Cloud Computing Services Market By Type (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), By End-Use (BFSI, IT and Telecommunication, Retail and Consumer Goods, Healthcare, Government and Public Sector, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Cloud computing services provide a wide range of technology solutions that offer computing resources, including databases, servers, storage, networking, software, and analytics, over the internet. These services, offered by cloud service vendors, such as Microsoft Azure, Amazon Web Services, Inc. (AWS), and Google Cloud Platform, offer businesses and individuals the ability to access and use these resources on pay-as-you-go basis. Furthermore, increasing investment by government authorities and top vendors for cloud-based services are also expected to create numerous opportunities for the cloud computing services market growth during the forecast period.
Factors such as rising demand of cloud computing services to enhance business operation and the growing usage of mobile devices are driving the growth of global market. In addition, surge in technological advancements and increasing investments by top players, which in turn is expected to create numerous opportunities for the growth of the cloud computing services market. However, data privacy and security concerns and costs and budget constraints hamper the growth of the market. Furthermore, rise in demand of cloud services in developing region and growth in serverless computing and function-as-a-service (FaaS), creates lucrative opportunities for cloud computing services during the forecast period. Moreover, increasing digitalization and work from policy (WFH), are expected to propel the growth of the market in the coming years.
The cloud computing services market is segmented into type, enterprise size, end-use, and region. The report provides information on various types including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). In addition, it is categorized by different enterprise size such as large enterprises and small & medium-sized enterprises. The details of the end-use namely BFSI, IT & telecommunication, retail and consumer goods, healthcare, government & public sector, and others are also provided in the report. In addition, it analyzes the current market trends across different regions such as North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the cloud computing services market are Microsoft Corporation, Google, LLC, VMware, Inc., IBM Corporation, Alibaba Cloud, Oracle Corporation, SAP SE, Salesforce, Inc., Atos Corporation, and Amazon Web Services, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the cloud computing services market globally.
Key Benefits for StakeholdersThe study provides an in-depth analysis of the cloud computing services market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the cloud computing services market size is provided in the report.
The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the cloud computing services industry.
The quantitative analysis of the global cloud computing services market for the period 2022–2032 is provided to determine the cloud computing services market potential.
Key Market SegmentsBy TypeInfrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
By Enterprise SizeLarge Enterprises
Small and Medium-sized Enterprises
By End-UseBFSI
IT and Telecommunication
Retail and Consumer Goods
Healthcare
Government and Public Sector
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Europe
LAMEA
Latin America
Middle East
Africa
Key Market PlayersGoogle, LLC
IBM Corporation
SAP SE
Atos Corporation
Amazon Web Services, Inc.
VMware,Inc.
Alibaba Cloud
Salesforce, Inc.
Microsoft Corporation
Oracle Corporation
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