Global Public Cloud Services Market 2024-2028

Global Public Cloud Services Market 2024-2028

The public cloud services market is forecasted to grow by USD 1,365.74 mn during 2023-2028, accelerating at a CAGR of 22.7% during the forecast period. The report on the public cloud services 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 increasing number of data center hyperscale and colocation providers, shift toward reduced capital expenditures on IT hardware, and increasing adoption of IoT, ML, and big data technologies.

Technavio's public cloud services market is segmented as below:

By Service

• SaaS
• IaaS
• PaaS

By Type

• SMEs
• Large enterprise

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the strategic partnerships and collaborations among market participants as one of the prime reasons driving the public cloud services market growth during the next few years. Also, shift toward server virtualization and simplification of disaster recovery through cloud will lead to sizable demand in the market.

The report on the public cloud services market covers the following areas:

• Public cloud services market sizing
• Public cloud services market forecast
• Public cloud services 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 public cloud services market vendors that include Adobe Inc., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Rackspace Technology Inc., Salesforce Inc., SAP SE, ServiceNow Inc., Tencent Holdings Ltd., Verizon Communications Inc., VMware Inc., Workday Inc., and Alibaba Group Holding Ltd.. Also, the public cloud services 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.