Home / Technology / Cloud Computing Market By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By End User (Enterprise, Consumer), By Vertical (Banking, Financial Services, and insurance, Consumer Goods and Retail, Telecommunications and IT, Healthcare and Life Sciences, Media and Entertainment, Government, Others), By Service (Software as a Service(Saas), Infrastructure as a Service(iAas), Platform as a service(PaaS)) - Growth, Share, Opportunities & Competitive Analysis, 2021 – 2029

Cloud Computing Market By Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By End User (Enterprise, Consumer), By Vertical (Banking, Financial Services, and insurance, Consumer Goods and Retail, Telecommunications and IT, Healthcare and Life Sciences, Media and Entertainment, Government, Others), By Service (Software as a Service(Saas), Infrastructure as a Service(iAas), Platform as a service(PaaS)) - Growth, Share, Opportunities & Competitive Analysis, 2021 – 2029


Published: Sep 2021

Global cloud computing market is expected to grow at a CAGR of 28.5% during the forecast period of 2021 to 2029. The concept of Cloud computing has been emerged with increasing demand for Big Data Management. Big data is a collection of large volume of structured and unstructured data generated out of Internet. The management of big data has become crucial with the arrival of Internet era. Big Data drives the demand for data management, information processing, and analytics. It requires a lot of storage space and a cluster of servers to host different users. Thus, cloud computing is a technology derived to manage the issues of Big Data.

Increasing Data Volume and Need for Data Intelligence Compelling the Growth of Cloud Computing

Cloud provides simple IT process and tools in place to support business decision making. Cloud provides organizations with an opportunity to transform their business models and gain a competitive edge. Companies are expanding their business globally with headquarters in multiple regions. Thus, they need to improve efficiency of their business by using collaborative solutions and real time information exchange. Cloud provides flexibility, scalability and cost benefits to the business through its various services. Thus, organizations are keen to adopt an effective cloud based service to enhance their capabilities. Moreover, the e-commerce trend has increased the flow of data over the internet, thus cloud provides various enterprise solutions that help in managing this data and deriving a relevant knowledge from it. Cloud vendors are constantly looking for development in enterprise cloud. A wide range of enterprise cloud services are available including solutions for Sales, Marketing, CRM, Finance, Human Resource, and so on.

Cloud Computing Market

Cost Saving Remains as The Most Impactful Motivator for Cloud Migration

There are several reasons why a company or an industry is desperately migrating into cloud. However, the major reason is cost reduction. Cloud services are allowing the businesses to reduce their capital expenditure by eliminating the cost of IT Infrastructure. This section of the report discusses the perspective of the buyers for selecting a cloud service.The buying perspective for choosing among different cloud services varies with the size and type of the business clients are dealing in. For example, a large business firm will pay lesser attention over the cost and go for private cloud for security concerns. However, SMBs are more receptive towards a cost effective solution and are more likely to choose public cloud. Similarly, public organizations, Security Agencies and other firms which cannot compromise with the confidentiality of their data are going for Private Cloud.

SMEs are Significant Target Market Promising Opportunities

The developing economies all over the globe forms a large part of the world economy and are witnessing a higher growth in Small Medium Enterprises. Moreover, now days every business is likely to adopt technological changes to cope up with the competition. SME’s are more likely to implement Software as a Service with public cloud deployment method. Moreover, Public cloud is cost effective that most of the business startups are much inclined towards adoption of public cloud. However, cloud providers prefer to deliver service through local reseller as SMEs are more likely to trust on local vendors they know. Public cloud is preferred by various enterprises as it reduces complexity of workloads and helps the organization in focusing on its core activities. Since public cloud services are hosted outside the organization no internal infrastructure or manpower is needed for maintaining the system. It can be done with just a simple configuration screen.About 30% are using cloud computing to provide agility to their business.

Hybrid Cloud Solutions as Way Forward

The public cloud market is growing extensively as it is much better than the traditional infrastructure and provides a cheaper and quick self-service access to the IT resources. Yet security reason inhibits most of the firms to migrate to a multi- tenant cloud infrastructure. Especially large enterprises are thinking constantly over issues such as compliance, security, isolation, and control. Thus, for firms and industries which are working on customer’s private data or any other confidential information private cloud is the option. However, these firms have to keep all their data in a private cloud which incurs a higher cost.Thus, the need of the time is to develop a hybrid cloud solution so that the company has to keep only confidential data in private cloud while keeping the less sensitive data in public cloud. The issue with the private cloud is that they resemble the traditional IT infrastructure.

Enterprise Users Remain the Largest Users for SaaS Solutions 

Software as a service is a cloud service in which the all the applications are managed at the vendor’s side and is accessible to the client only through a web based user interface.         The enterprise working on SaaS, need not to install hardware or download any software as the whole application is managed at the server side. At this level companies are only managing the application part, however, platform, storage, operating systems, network bandwidth are all managed outside the organization at the server side. With its Enterprise CRM solutions Salesforce is the market leader in SaaS followed by Oracle, LinkedIn, Netsuite, Concur Technologies and Workday.

Maturing Market in North America, Finds Significant Opportunities in APAC

North America is the world’s largest market for cloud computing with a great diversity of providers and higher adoption rates. However, it is a mature market in cloud computing as compared to the other geographies, thus signifies a slow growth rate. North America is also a leading region for cloud computing innovation. The excellent startup culture and encouragement by the local government to take an investment risk are probably driving the innovation rates. Another reason for the cloud computing growth in North America is high degree of industrialization and, growing use of software solutions in business act ivies. Moreover, Health care is the fastest growing sector. Due to the increasing pressure on healthcare industry to lower the cost of healthcare services, companies are focusing upon Cloud Computing to reduce the cost and resources. Asia Pacific being a home to many developing economies is seen as a great opportunity for cloud computing in near future. Despite of various challenges such as highly fragmented markets, significantly varying regulations among countries and underdevelopment of key underlying technologies such as broadband in some countries that inhibit the growth of multitenant infrastructure, APAC nations are highly competitive in adopting the new technological trends.

Specialized Players to Aggressively Compete with Market Leaders During the Forecast Period

The Cloud Market has witnessed a large number of technological innovations, product launches, mergers and acquisitions, by the key players to boost up their market share. The major players in the market are Salesforce, Amazon, Microsoft, Oracle, Google, IBM, and Rackspace. However, companies such as Engine Yard, Red Hat, HP, Service Now, LinkedIn, and Concur Technologies who have specialized in a particular service model are enforcing tough competition to the market leaders.

Historical &Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2029.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

ATTRIBUTE DETAILS

Research Period

 2019-2029

Base Year

 2020

Forecast Period

 2021-2029

Historical Year

 2019

Unit

 USD Million

Segmentation

 By Deployment (2019-2029; US$ Mn)

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

  By End User (2019-2029; US$ Mn)

  • Enterprise
    • Small and Medium Business
    • Large Enterprises
  • Consumer

  By Vertical (2019-2029; US$ Mn)

  • Banking, Financial Services, and insurance
  • Consumer Goods and Retail
  • Telecommunications and IT
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Government
  • Others

  By Service (2019-2029; US$ Mn)

  • Software as a Service(Saas)
  • Infrastructure as a Service(iAas)
  • Platform as a service(PaaS)

  By Region (2019-2029; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Letin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global cloud computingmarket?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?

Table 1 Global Optical Transport Network Market by Region 2019-2029 ($ Million)
Table 2 Amazon Cloud Price Comparison On the Basis of Storage Capacity
Table 3 Top-Vendor offerings Gateway
Table 4 Global Cloud Computing Market by Deployment 2019-2029 ($ Million)
Table 5 Global Cloud Computing Market in Public Cloud by Region 2019-2029 ($ Million)
Table 6 Global Cloud Computing Market in Private Cloud by Region 2019-2029 ($ Million)
Table 7 Global Cloud Computing Market by Organization Size 2019-2029 ($ Million)
Table 8 Global Cloud Computing Market by Small and Medium Business 2019-2029 ($ Million)
Table 9 Global Cloud Computing Market in Large Enterprises by Region2019-2029 ($ Million)
Table 10 Global Cloud Computing Market by Vertical 2019-2029 ($ Million)
Table 11 Global Cloud Computing Market in Banking, Financial Services, andinsurance by Region 2019-2029 ($ Million)
Table 12 Global Cloud Computing Market in Consumer Goods and Retail by Region 2019-2029 ($ Million)
Table 13 Global Cloud Computing Market in Telecommunications and It by Region 2019-2029 ($ Million)
Table 14 Global Cloud Computing Market in Healthcare and Life Sciences by Region2019-2029 ($ Million)
Table 15 Global Cloud Computing Market by Media and Entertainment 2019-2029 ($ Million)
Table 16 Global Cloud Computing Market in Government by Region 2019-2029 ($ Million)
Table 17 Global Cloud Computing Market in Others by Region 2019-2029 ($ Million)
Table 18 Global Cloud Computing Market by Services2019-2029 ($ Million)
Table 19 Global Cloud Computing Market bySaas2019-2029 ($ Million)
Table 20 Global Cloud Computing Market byPaaS2019-2029 ($ Million)
Table 21 Global Cloud Computing Market byCloud Computing Gateway Solution 2019-2029 ($ Million)
Table 22 Global Cloud Computing Market byCloud Computing Data Movement & Access Solution 2019-2029 ($ Million)
Table 23 EUCloud Computing Market by Countries 2019-2029 ($ Million)
Table 24 Asia Pacific Cloud Computing Market 2019-2029 ($ Million)
Table 25 Row Cloud Computing Market by Regions 2019-2029 ($ Million)

Choose License Type
 
Contact Information
24/7 Research Support
Phone: +1-855-455-8662
sales@acutemarketreports.com
Get in Touch with us
join us on Facebook
Follow us on Twitter
Follow us on LinkedIn
Add us on Google +