Cloud Computing Market Size, Share, and Analysis, By Deployment (Hybrid, Private, Public), By Service (Infrastructure as a Service (IaaS), Software as a Service (SaaS), Platform as a Service (PaaS)), By End User (Government and Public Sector, Retail and Consumer Goods, Manufacturing, IT and Telecom, Media and Entertainment, BFSI, Healthcare, Energy and Utilities, Others), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises) and Regional Forecasts, 2022 to 2032
Cloud Computing Market Size, Share, and Analysis, By Deployment (Hybrid, Private, Public), By Service (Infrastructure as a Service (IaaS), Software as a Service (SaaS), Platform as a Service (PaaS)), By End User (Government and Public Sector, Retail and Consumer Goods, Manufacturing, IT and Telecom, Media and Entertainment, BFSI, Healthcare, Energy and Utilities, Others), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises) and Regional Forecasts, 2022 to 2032
PRODUCT OVERVIEW
Cloud Computing Market size was USD 453.6 billion in 2021 and projected to grow from USD 624.9 billion in 2023 to USD 2703.4 billion by 2032, exhibiting a CAGR of 17.6% during the forecast period.
Cloud Computing is an IT service delivery model and is an act of sharing a network of remote servers hosted on internet to process, store, and manage data. It is an ordinary storage space with accessibility to data from devices in the network. Utilizing cloud computing technology provide cost benefits and assist in accessibility to data in the network from any location at any time.
MARKET HIGHLIGHTS
Cloud Computing Market is expected to reach USD 2703.4 billion, growing at a CAGR of 17.6% during forecast period owing to the ability of cloud computing to enhance business performance and increasing requirement for hybrid models. Several initiatives by governments to protect data integrity and safety are also expected to boost the growth of the Cloud Computing market. Cloud computing provide several advantages than on-premises hardware infrastructures like low cost, early deployment, scalability, disaster recovery, mobility support, and reduced burden of systems maintenance which are expected to boost the growth of the Cloud Computing Market.
Cloud Computing Market Segments:
Public
- Service
- Infrastructure as a Service (IaaS)
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- End User
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- IT and Telecom
- Media and Entertainment
- BFSI
- Healthcare
- Energy and Utilities
- Others
- Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
MARKET DYNAMICS
Growth Drivers
Advancement in Technology is Expected to Boost the Growth of the Market
Increasing Cloud-Based Applications is Expected to Boost the Growth of the Market
Restraint
Security Concerns May Restrain the Growth of the Market
Key Players
- Salesforce.com Inc.
- Microsoft Corporation
- Google LLC
- Amazon.com Inc.
- Oracle Corporation
- International Business Machines Corporation
- Adobe Inc.
- Alibaba Group Holding Limited
- Workday, Inc.
- SAP SE
- Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.