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

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

Cloud services are infrastructure, platforms, or software that are hosted by third-party providers and made available to users through the internet. Cloud services facilitate the flow of user data from front-end clients (e.g. users’ servers, tablets, desktops, laptops—anything on the users’ ends), through the internet, to the provider’s systems, and back. Users can access cloud services with nothing more than a computer, operating system, and internet connectivity or virtual private network (VPN). All infrastructure, platforms, software, or technologies that users access through the internet without requiring additional software downloads can be considered cloud computing services. The Cloud Services industry can be broken down into several segments, SaaS, IaaS, PaaS, etc.
LPI (LP Information)' newest research report, the “Cloud Services Industry Forecast” looks at past sales and reviews total world Cloud Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud Services sales for 2023 through 2029. With Cloud Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud Services industry.
This Insight Report provides a comprehensive analysis of the global Cloud Services 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 Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cloud Services market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud Services and breaks down the forecast by service model, 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 Services.
The global Cloud Services market size is projected to grow from US$ 378850 million in 2022 to US$ 776120 million in 2029; it is expected to grow at a CAGR of 10.8% from 2023 to 2029.
The main Cloud Services players include Microsoft, Amazon Web Services, Oracle, etc. The top three Cloud Services players account for approximately 37% of the total global market. North America is the largest consumer market for Cloud Services, accounting for about 54%, followed by Asia-Pacific and Europe. In terms of Service Model, SaaS is the largest segment, with a share about 34%. And in terms of Application, the largest application is Banking, Financial Services, and Insurance (BFSI), followed by Telecommunications.
This report presents a comprehensive overview, market shares, and growth opportunities of Cloud Services market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by service model
SaaS
IaaS
PaaS
BPaaS
DaaS
Cloud Managed Services
Cloud Professional Services
Segmentation by application
BFSI
Telecommunications
IT and ITeS
Government and Public Sector
Retail and Consumer Goods
Manufacturing
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others
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.
Microsoft
Amazon Web Services
Oracle
IBM
Salesforce
Google
Adobe
Vmware
SAP
Accenture
Alibaba
ServiceNow
Workday
Wipro

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