Global Cloud Computing Market Growth (Status and Outlook) 2023-2029

Global Cloud Computing Market Growth (Status and Outlook) 2023-2029

Cloud Computing is a term that describes a broad range of technology services. It is often described as a stack (see diagram below), as a response to the broad range of services built on top of one another under the moniker “Cloud”.

LPI (LP Information)' newest research report, the “Cloud Computing Industry Forecast” looks at past sales and reviews total world Cloud Computing sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud Computing sales for 2023 through 2029. With Cloud Computing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud Computing industry.

This Insight Report provides a comprehensive analysis of the global Cloud Computing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cloud Computing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cloud Computing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud Computing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cloud Computing.

The global Cloud Computing market size is projected to grow from US$ 128540 million in 2022 to US$ 819310 million in 2029; it is expected to grow at a CAGR of 30.3% from 2023 to 2029.

Global Cloud Computing key players include Amazon Web Services, Microsoft Azure, IBM, Aliyun, Google Cloud Platform, etc. Global top five manufacturers hold a share over 50%.

North America is the largest market, with a share over 35%, followed by EU and Japan, both have a share over 35%.

In terms of product, Infrastructure as a Service (IaaS) is the largest segment, with a share over 50%. And in terms of application, the largest application is Large Enterprises, followed by Small and Medium Sized Enterprises, Government, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Cloud Computing market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Infrastructure as a Service (IaaS)

Platform as a Service (PaaS)

Software as a Service (SaaS)

Segmentation by application

Government

Small and Medium Sized Enterprises

Large Enterprises

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Amazon Web Services

Microsoft Azure

IBM

Aliyun

Google Cloud Platform

Salesforce

Rackspace

SAP

Oracle

Vmware

DELL

EMC

Please note: The report will take approximately 2 business days to prepare and deliver.