Global Public Cloud Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Public Cloud Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The public cloud is defined as computing services offered by third-party providers over the public Internet, making them available to anyone who wants to use or purchase them. They may be free or sold on-demand, allowing customers to pay only per usage for the CPU cycles, storage, or bandwidth they consume.

Unlike private clouds, public clouds can save companies from the expensive costs of having to purchase, manage, and maintain on-premises hardware and application infrastructure - the cloud service provider is held responsible for all management and maintenance of the system. Public clouds can also be deployed faster than on-premises infrastructures and with an almost infinitely scalable platform. Every employee of a company can use the same application from any office or branch using their device of choice as long as they can access the Internet. While security concerns have been raised over public cloud environments, when implemented correctly, the public cloud can be as secure as the most effectively managed private cloud implementation if the provider uses proper security methods, such as intrusion detection and prevention systems (IDPS).

Market Overview:

The latest research study on the global Public Cloud Service market finds that the global Public Cloud Service market reached a value of USD 465989.61 million in 2022. It’s expected that the market will achieve USD 1780659.25 million by 2028, exhibiting a CAGR of 25.04% during the forecast period.

Influence of COVID-19 Outbreak on Public Cloud Service Industry Development

On the whole, the Public Cloud Service market benefits from the online demand directly stimulated by the epidemic, and the video and medical industries are expected to be higher than the overall growth level; The game industry is rising steadily; In order to reduce the impact of the epidemic on the economy, the government will continue to increase investment. At the same time, the manufacturing, retail, service and transportation industries have also developed. Online travel and other online life service industries have been greatly impacted, and online car-hailing and other industries have also been negatively affected in different stages.

The main customers of the public cloud service market are concentrated in the pan-internet industry, including e-commerce, games, audio and video, short videos, games and so on. From the customer scale analysis, the current Pan-Internet industry head customer groups show two trends:

With the continuous improvement of business scale, the ability to reduce costs and increase efficiency brought by Public Cloud Service shows a decreasing trend of marginal benefits. Therefore, some leading customers in Pan-Internet industry have changed from simply using Public Cloud Service to self-built private cloud or hybrid cloud.

Head customers' spending on cloud is huge, but the growth is limited, and the cooperative relationship with cloud vendors is relatively fixed, and the change cost of cloud service providers is high. At present, when serving Pan-Internet customers, large-scale Internet-based cloud vendors are more likely to win by quality and gradually expand customers in other industries through partners. For other non-Internet-background cloud vendors, while focusing on industry customers, they are more likely to absorb medium and long tail customer groups through the cloud market and cloud ecology, and cut into the Pan-Internet customer groups to achieve qualitative change by quantitative change.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Microsoft Corp. is one of the major players operating in the Public Cloud Service market, holding a share of 13.30% in 2021.

Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.

Amazon Web Services, Inc. provides information technology services. The Company offers website hosting, backup, digital marketing, analytics, application integration, blockchain, networking, and other related services.

Segmentation Overview:

By type, Software as a Service (SaaS) segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Telecommunication segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Public Cloud Service market covered in Chapter 3:

Workday
Oracle Corp.
IBM
Tencent
Huawei
Microsoft Corp.
Cisco Systems Inc
Alibaba
ServiceNow
Salesforce
Adobe
SAP
VMware Inc.
Amazon Web Services Inc
Google

In Chapter 4 and Chapter 14.2, on the basis of types, the Public Cloud Service market from 2018 to 2029 is primarily split into:

Infrastructure as a Service (IaaS)
System Infrastructure Software as a Service (SISaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Public Cloud Service market from 2018 to 2029 covers:

BFSI
Government
Telecommunication
Transportation
Healthcare, energy & utilities
Media & entertainment
Manufacturing
Retail/ wholesale
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)