Distributed Cloud Market Size, Share & Trends Analysis Report By Application (Edge Computing, Content Delivery, Internet of Things, Others), By Service, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Distributed Cloud Market Size, Share & Trends Analysis Report By Application (Edge Computing, Content Delivery, Internet of Things, Others), By Service, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Distributed Cloud Market Growth & Trends

The global distributed cloud market size was valued at USD 13.78 billion by 2030, expanding at a CAGR of 21.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing demand by enterprises to process data at its source seamlessly, rising need for an advanced platform that allows organizations to deploy and run complex applications across all edge computing, on-premises, and cloud environments, and increasing focus of companies to gain greater visibility into their multi-cloud infrastructure are some of the key factors driving the market growth.

As governments across the globe are turning cautious in establishing a sovereign cloud to protect their data, distributed cloud vendors will have an opportunity to grow their businesses. For instance, in June 2023, Oracle Corporation introduced Europe Union (EU) Sovereign Cloud, to meet regulatory requirements, complementing hybrid and dedicated cloud strategies within European member states. A number of businesses can now move their regulated, sensitive, or strategic regional data and applications to the cloud, as well as workloads that meet EU guidelines for data privacy and sovereignty requirements, such as general data protection regulation. As customers' hosted data remains within EU member states and cloud regions are operated by EU-based personnel, EU Sovereign Cloud will assist in digital transformation efforts across critical industries such as financial services, healthcare, the public sector, and telecommunications.

Vendors are expanding their edge computing networks by adding them to the distributed cloud. It enables companies to build, deploy, and secure performant workloads that require single-digit millisecond latency and global reach across the compute continuum, from core to edge, more efficiently. For instance, in February 2023, Akamai Technologies, Inc., a distributed cloud provider, launched Akamai Connected Cloud, a distributed edge and cloud platform for cloud computing, security, and content delivery that keeps applications and experiences closer to end users. The company provides distributed cloud services at over 4,100 locations across 134 countries. Akamai identified more than 50 cities in addition to the new core sites. The company plans to provide basic cloud computing services in difficult-to-reach locations currently unserved by traditional cloud providers by setting up distributed sites in the same year. Due to the cloud computing vendor providers are expanding their reach into unserved areas, the mar

ket is expected to grow.

The market growth is attributed to the increasing adoption of IoT worldwide. IoT is essential in building smart communication environments such as smart healthcare, smart transportation, smart shopping, and smart homes. Distributed cloud is used by smart devices to reduce latency and to provide real-time interpretation of data. For instance, in November 2022, Equinix, Inc., IT infrastructure provider, expanded its partnership with VMware, Inc., a cloud computing vendor, to provide VMware Cloud on Equinix Metal, a distributed cloud service. The new distributed cloud service would deliver a secure, cost-effective solution to support enterprise applications. VMware Cloud on Equinix Metal will be optimal for various usages such as video analytics, smart cities, game development, retail point of sale (POS), real-time financial market trading, and various use cases using machine learning and IoT inference.

Distributed Cloud Market Report Highlights

• The Internet of Things segment is projected to register the highest CAGR over the forecast period. The growth of this segment is attributed to the increasing adoption and reach of connected devices. The rise of smart manufacturing and industry 4.0 further contribute to the segment’s growth
• The data security segment is expected to register the highest growth over the forecast period due to the demand for securing the IoT ecosystem. Additionally, users can request the data to remain within specific regions to ensure that certain data remains within specific regions or meets specific latency or throughput targets
• The SMEs segment is expected to register the highest growth over the forecast period. A growing reliance on cloud infrastructure and business automation in SMEs’ business operations fuels segment expansion
• The manufacturing segment is projected to register the highest CAGR over the forecast period. The distributed cloud allows manufacturing businesses to access real-time operational data instantly and remotely, such as capacity utilization, inventory data, scheduling plans, job orders, and equipment efficiency
• The Asia Pacific region is expected to grow at the highest rate over the forecasted period owing to the factors such as, rising numbers of startups in the developing countries, and increasing footprints of large cloud computing vendors in the region to provide distributed cloud in various countries such as India, Singapore, and China

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