Global Cloud Service Market
The global cloud service market is expected to reach USD 1567.62 billion by 2031 from USD 594.83 billion in 2023, growing at a CAGR of 13.2% in the forecast period of 2024 to 2031.
Market Segmentation: Global Cloud Service Market, By Offering (Implementation and Integration Services, Migration Services, Management Services, Support and Maintenance Services, Training and Consulting Services, and Others), Service Type (SaaS, PaaS, IaaS, and Others), Cloud Type (Public Cloud, Hybrid Cloud, and Private Cloud), Organization Size (Large Enterprises, Medium Enterprises, and Small Enterprises), Application (Data Storage and Backup, Web Hosting and Development, Big Data Analytics, Content Delivery Networks (CDNs), Online Gaming and Streaming, Video Conferencing and Collaboration Tools, Internet of Things (IoT), Artificial Intelligents and Machine Learning, Virtual Desktop Infrastructure (VDI), Disaster Recovery and Business Continuity, Scientific Research and Simulations, and Others), End Users (IT and Telecom, Retail, BFSI, Manufacturing, Healthcare, Automotive, Media and Entertainment, Transportations and Logistics, Government and Defense, Education, Energy and Utility, and Others), By Countries (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Sweden, Belgium, Denmark, Poland, Norway, Turkey, Finland, Rest of Europe, U.S., Canada, Mexico, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, Saudi Arabia, South Africa, U.A.E., Israel, Egypt, Qatar, Oman, Kuwait, Bahrain, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America)- Industry Trends and Forecast To 2031
Overview of Global Cloud Service Market Dynamics:Driver
• Increasing demand for remote accessibility of data
Restraint
• Regulatory compliance requirements related to data security
Opportunity
• Growing demand for hybrid and multi-cloud solutions as organizations seek flexibility and resilience in their IT infrastructures
Market Players:The key market players operating in the global cloud service market are listed below:• Oracle
• AWS
• Google LLC
• Dell Inc.
• Microsoft
• IBM
• RACKSPACE TECHNOLOGY
• HP Development Company, L.P.
• Cisco Systems, Inc.
• Alibaba Group Holding Limited
• Salesforce, Inc.
• Cloud Software Group, Inc
• SAP
• Broadcom
• Huawei Digital Power Technologies Co., Ltd.
• Canadian Cloud Hosting
• Wolfram
• Kyndryl Inc.
• Black Box
• BMC Software, Inc.
• Avaya LLC
• Cloud4C
• NetApp
• Cloudian Inc.
• Pure Storage, Inc
• Commvault
• IDrive Inc
• Adobe
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