Global Public Cloud Market Size study&Forecast, byService (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)) by Enterprise (Large Enterprise, Small & Medium Enterprise), by End-use (BFSI, IT & Telecom, Retail

Global Public Cloud Market Size study&Forecast, byService (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)) by Enterprise (Large Enterprise, Small & Medium Enterprise), by End-use (BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Healthcare, Media & Entertainment, Government & Public Sector, Others)and Regional Analysis, 2022-2029

Global Public Cloud Market is valued at approximately USD 277.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.6% over the forecast period 2022-2029.Public Cloud is a deployment cloud model where public cloud service providers make computing and storage, development and deployment, and applications accessible on demand to individuals and organizations over the public internet. In this model, the computing resources are operated and owned by the provider itself and are then shared via the internet. The emerging adoption of IoT techniques, artificial intelligence (AI), machine learning (ML) and edge computing among several industries is boosting the market demand. Additionally, the increasing trend of digitalization among industries and rising penetration of the internet is driving the demand of the Public Cloud market.

The increasing digitalization among industries is fueling the demand for public cloud. For instance, the worldwide spending on digital transformation in 2022 is USD 1.6 trillion and is projected to reach nearly USD 3.4 trillion by 2026. The boost in this computing technology is due to the rising adoption of Artificial Intelligence (AI) and Machine Learning (ML), as AI and ML complement Public Cloud. The demand for Public Cloud services continues due to the rising penetration of the Internet. India was ranked 2nd in terms of internet users. The internet penetration rate went up from 4% in 2007 to 47% in 2021. Therefore, public cloud services enable individuals and organizations to store and secure their data safely over the Internet. Moreover, the continuous advancements and formulation, and increasing adoption of cloud computing technologies by several industries are playing a major role in surging the demand for Public Cloud globally. However, the high data security threats and privacy concerns stifle market growth of Public Cloud throughout the forecast period of 2022-2029.

The key regions considered for the Global Public Cloud Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominated the market for Public Cloud services with a total share of 49%. The adoption of new technologies by various market players is boosting the demand in this region. The increasing digitalization and adoption of cloud storage services are driving the market demand. Companies such as Microsoft Corporation, Amazon.com Inc, and IBM Corporation are helping this region in maintaining this position. Asia-Pacific is anticipated to be the fastest-growing region over the forecast region.Changing lifestyles, urbanization and increasing penetration of internet among the users are fueling the market demand.

Major market player included in this report are:
Alibaba Group Holding Limited
Amazon.com Inc.
Adobe Inc.
Google LLC
The International Business Machines Corporation (IBM) Corporation
Microsoft Corporation
Oracle Corporation
Salesforce, Inc.
RiverMeadow Software Inc.
Workday, Inc.

Recent Developments in the Market:
In April 2022, a leading provider of cloud migration services and disaster management software “RiverMeadow Software Inc. “ added new services to its cloud migration platform. This update allows customers the choice to migrate to the public cloud through VM-based or OS-based migrations.
In October 2018, IBM Corporation acquired Red Hat to expand its public cloud offerings to a wider range of customers to provide hybrid cloud solutions at a true choice and agility.
Global Public Cloud Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service, Enterprise, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByService:
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
By Enterprise:
Large Enterprise
Small & Medium Enterprise
By End-use:
BFSI
IT & Telecom
Retail & Consumer Goods
Manufacturing
Energy & Utilities
Healthcare
Media & Entertainment
Government & Public Sector
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
Alibaba Group Holding Limited
Amazon.com Inc.
Adobe Inc.
Google LLC
The International Business Machines Corporation (IBM) Corporation
Microsoft Corporation
Oracle Corporation
Salesforce, Inc.
RiverMeadow Software Inc.
Workday, Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.