Global Cloud Computing Market 2024-2028
The cloud computing market is forecasted to grow by USD 404.7 bn during 2023-2028, accelerating at a CAGR of 15.19% during the forecast period. The report on the cloud computing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased inclination toward cloud computing for cost-cutting, rise in adoption of cloud among smes, and increased use of containers will boost cloud adoption.
Technavio's cloud computing market is segmented as below:
By Deployment
- Public cloud
- Private cloud
By Service
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increased inclination for private cloud for enhanced data security as one of the prime reasons driving the cloud computing market growth during the next few years. Also, strategic partnerships and collaborations between market participants and increase in cloud orchestration and cloud management software will lead to sizable demand in the market.
The report on the cloud computing market covers the following areas:
- Cloud computing market sizing
- Cloud computing market forecast
- Cloud computing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud computing market vendors that include Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Rackspace Technology Inc., Red Hat Inc., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., and VMware Inc.. Also, the cloud computing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.