Global Cloud Market - 2023-2030
The Global Cloud Market is estimated to have reached around US$ 373 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 202 billion by 2030. The market is growing at a CAGR of 23.9% during the forecast period 2023-2030.
A methodology for providing on-demand access to computing resources such as servers, storage, applications and services through the Internet is called cloud computing. Users of cloud computing don't need to purchase and maintain their own physical infrastructure in order to access these resources remotely.
Growing usage in the BFSI sector as a result of an increase in cybercrime is what is driving the global cloud market. The banking and financial industry held the greatest market share in 2022 and had a CAGR of more than almost 30%.
Market Dynamics
Risk Of Cyber-Attacks And Data Theft
Due to the significant security risks associated with being an online service, cloud computing can often prevent the market from expanding because many large businesses still rely on on-premise IT infrastructure.
In 2022, 29% of firms will encounter security as a significant concern and 25% will experience governance and control challenges, according to Flexera's Annual State of the Cloud Survey. In particular, PaaS systems and default application configurations with low security and flaws in secure socket layers (SSL) protocols are prominent vulnerabilities that affect cloud services primarily.
The Growing Interest In Paas Service
PaaS offers high-level programming capability with noticeably less complications, which is one of the technology's now heavily marketed benefits. Due to the ability to borrow pre-built infrastructure from cloud providers, general application development in businesses will be more efficient and PaaS dependence is expected to increase in the future.
COVID-19 Impact Analysis
The COVID-19 pandemic had a beneficial effect on the market. It served as a catalyst for projects involving digital transformation in several industries. In order to increase agility and resilience organizations realised they needed to modernise their IT infrastructure and applications. The foundation for digital transformation initiatives was laid by cloud services, such as infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS), which allowed businesses to innovate, streamline operations and provide services remotely.
Russia-Ukraine War Impact Analysis
The Global Cloud Market is also impacted by the Russia-Ukraine conflict. The protracted conflict can have an impact on cloud infrastructure spending. Businesses and cloud service providers might reevaluate their investment strategies in areas directly affected by the conflict or thought to have higher geopolitical risks.
The availability and scalability of cloud services in those regions may be impacted if infrastructure development and growth are slowed down as a result of uncertainty and instability.
Artificial Intelligence Impact Analysis
The worldwide cloud market is predicted to benefit from artificial intelligence. AI has made personalized user interfaces and recommendation engines possible in the cloud market. Cloud service providers may give personalized content, product recommendations and tailored experiences to consumers by utilising user data and AI algorithms, boosting user engagement and happiness.
Segment Analysis
The Global Cloud Market is segmented based on type organization size, end-user, revenue-source, distribution channel and region.
The Telecommunications and IT to Drive The Market Growth
With a CAGR of over 25% in 2022, the telecommunications and IT segment will have the second-largest market share. PaaS technology is a new development from traditional information and communication technology (ICT), where hardware is not required to connect. PaaS technology is used in telecom.
In order to manage unanticipated data growth and deliver an improved customer experience, it enables unrestricted network capacity. The cloudification of the IT and telecom sectors and the need to maintain market competitiveness are the main causes driving PaaS utilisation in the telecom sector.
Geographical Analysis
The Growing Infrastructure Investments in Asia-Pacific
According to estimates, North America will hold the greatest regional market share in the global cloud industry in 2022, accounting for over 67% of all worldwide revenue. The North American cloud market is growing due to innovation, online usage, and smartphone adoption. Major providers and affordability also contribute. The U.S. accounts for over 60% of the market.
Competitive Landscape
The major global players include Microsoft oracle, IBM Corporation, Cisco Systems Inc., Google, SAP SE, Salesforce.com, Inc., Quickbase, Inc., ThoughtSpot, Inc and QlikTech International AB.
Why Purchase the Report?
• To visualize the Global Cloud Market segmentation based on type organization size, end-user, revenue source, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of cloud market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Cloud Market Report Would Provide Approximately 75 Tables, 83 Figures And 204 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Market Snippet By Type
- 3.2. Market Snippet By Organization Size
- 3.3. Market Snippet By End-User
- 3.4. Market Snippet by Revenue Source
- 3.5. Market Snippet by Distribution Channel
- 3.6. Market Snippet By Region
- 1. Dynamics
- 1.1. Impacting Factors
- 1.1.1. Drivers
- 1.1.1.1. The increasing demand for cloud services across all enterprise levels
- 1.1.1.2. Growing adoption of cloud computing
- 1.1.2. Restraints
- 1.1.2.1. Risk of cyber-attacks and data theft
- 1.1.3. Opportunity
- 1.1.3.1. The growing interest in PaaS service
- 1.1.4. Impact Analysis
- 2. Industry Analysis
- 2.1. Porter's Five Force Analysis
- 2.2. Supply Chain Analysis
- 2.3. Pricing Analysis
- 2.4. Regulatory Analysis
- 3. COVID-19 Analysis
- 3.1. Analysis of COVID-19
- 3.1.1. Before COVID-19 Scenario
- 3.1.2. During COVID-19 Scenario
- 3.1.3. Post COVID-19 or Future Scenario
- 3.2. Pricing Dynamics Amid COVID-19
- 3.3. Demand-Supply Spectrum
- 3.4. Government Initiatives Related to the Market During Pandemic
- 3.5. Manufacturers Strategic Initiatives
- 3.6. Conclusion
- 4. By Type
- 4.1. Introduction
- 4.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 4.1.2. Market Attractiveness Index, By Type
- 4.2. SaaS*
- 4.2.1. Introduction
- 4.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 4.3. IaaS
- 4.4. Business Process As A Service (BPaaS)
- 4.5. Cloud Management and Security Services
- 4.6. Desktop as a Service (DaaS)
- 4.7. PaaS
- 5. By Organization Size
- 5.1. Introduction
- 5.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 5.1.2. Market Attractiveness Index, By Organization Size
- 5.2. Large Enterprises*
- 5.2.1. Introduction
- 5.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 5.3. Small and Medium-Sized Enterprises (SME)
- 6. By End-User
- 6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 6.1.2. Market Attractiveness Index, By End-User
- 6.2. Banking & Financial Sector*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 6.3. Telecommunications & IT
- 6.4. Public Sector & Government
- 6.5. Consumer Goods & Retail
- 6.6. Healthcare & Life Sciences
- 6.7. Logistics & Transportation
- 6.8. Education & Research
- 6.9. Others
- 7. By Revenue-Source
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Revenue-Source
- 7.1.2. Market Attractiveness Index, By Revenue-Source
- 7.2. Subscriptions & Licenses*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Consulting / Professional Services
- 7.4. Managed Services
- 8. By Distribution Channel
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 8.1.2. Market Attractiveness Index, By Revenue-Source
- 8.2. Direct Sales*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Distributors
- 9. By Region
- 9.1. Introduction
- 9.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.3. Market Attractiveness Index, By Region
- 9.4. North America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Revenue-source
- 9.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.4.8.1. The U.S.
- 9.4.8.2. Canada
- 9.4.8.3. Mexico
- 9.5. Europe
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Revenue-source
- 9.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.5.8.1. Germany
- 9.5.8.2. The UK
- 9.5.8.3. France
- 9.5.8.4. Italy
- 9.5.8.5. Spain
- 9.5.8.6. Rest of Europe
- 9.6. South America
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Revenue-source
- 9.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.6.8.1. Brazil
- 9.6.8.2. Argentina
- 9.6.8.3. Rest of South America
- 9.7. Asia-Pacific
- 9.7.1. Introduction
- 9.7.2. Key Region-Specific Dynamics
- 9.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Revenue-source
- 9.7.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.7.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.7.8.1. China
- 9.7.8.2. India
- 9.7.8.3. Japan
- 9.7.8.4. Australia
- 9.7.8.5. Rest of Asia-Pacific
- 9.8. Middle East and Africa
- 9.8.1. Introduction
- 9.8.2. Key Region-Specific Dynamics
- 9.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Revenue-source
- 9.8.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
- 11. Company Profiles
- 11.1. Microsoft
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Key Highlights
- 11.1.4. Financial Overview
- 11.2. Oracle
- 11.3. IBM Corporation
- 11.4. Cisco Systems Inc.
- 11.5. Google
- 11.6. SAP SE
- 11.7. Salesforce.com, Inc.
- 11.8. Quickbase, Inc.
- 11.9. ThoughtSpot, Inc
- 11.10. QlikTech International AB
- LIST NOT EXHAUSTIVE
- 12. Appendix
- 12.1. About Us and Services
- 12.2. Contact Us
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