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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1127238

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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1127238

Cloud Computing Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

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Global cloud computing market is expected to grow at a CAGR of 28.5% during the forecast period of 2022 to 2030. 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.

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 study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cloud Computing market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Cloud Computing market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

  • Research Period: 2020-2030
  • Base Year: 2021
  • Forecast Period: 2022-2030
  • Historical Year: 2020
  • Unit: USD Million

Segmentation

Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

End User

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

Vertical

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

Service

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

Region Segment (2020-2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

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

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

Key questions answered in this report:

  • What are the key micro and macro environmental factors that are impacting the growth of Cloud Computing market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Cloud Computing market?
  • Which is the largest regional market for Cloud Computing market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Cloud Computing market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Cloud Computing market worldwide?
Product Code: 139285-09-22

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Cloud Computing Market
  • 2.2. Global Cloud Computing Market, By Deployment, 2021 (US$ Million)
  • 2.3. Global Cloud Computing Market, By End User, 2021 (US$ Million)
  • 2.4. Global Cloud Computing Market, By Vertical, 2021 (US$ Million)
  • 2.5. Global Cloud Computing Market, By Service, 2021 (US$ Million)
  • 2.6. Global Cloud Computing Market, By Geography, 2021 (US$ Million)
  • 2.7. Impact of Covid 19
  • 2.8. Attractive Investment Proposition by Geography, 2021
  • 2.9. Competitive Analysis
    • 2.9.1. Market Positioning of Key Cloud Computing Market Vendors
    • 2.9.2. Strategies Adopted by Cloud Computing Market Vendors
    • 2.9.3. Key Industry Strategies

3. Cloud Computing Market: Business Outlook & Market Dynamics

  • 3.1. Introduction
  • 3.2. Global Cloud Computing Market Value, 2020 - 2030, (US$ Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraints
    • 3.3.3. Key Challenges
    • 3.3.4. Key Opportunities
  • 3.4. Impact Analysis of Drivers and Restraints
  • 3.5. See-Saw Analysis
  • 3.6. Porter's Five Force Model
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Threat Of Substitutes
    • 3.6.4. Threat Of New Entrants
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Technology Landscape
    • 3.7.4. Legal Landscape
    • 3.7.5. Social Landscape

4. Cloud Computing Market: By Deployment, 2020-2030, USD (Million)

  • 4.1. Market Overview
  • 4.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 4.3. Market Segmentation
    • 4.3.1. Public Cloud
    • 4.3.2. Private Cloud
    • 4.3.3. Hybrid Cloud

5. Cloud Computing Market: By End User, 2020-2030, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 5.3. Market Segmentation
    • 5.3.1. Enterprise
      • 5.3.1.1. Small and Medium Business
      • 5.3.1.2. Large Enterprises
    • 5.3.2. Consumer

6. Cloud Computing Market: By Vertical, 2020-2030, USD (Million)

  • 6.1. Market Overview
  • 6.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 6.3. Market Segmentation
    • 6.3.1. Banking, Financial Services, and Insurance
    • 6.3.2. Consumer Goods and Retail
    • 6.3.3. Telecommunications and IT
    • 6.3.4. Healthcare and Life Sciences
    • 6.3.5. Media and Entertainment
    • 6.3.6. Government
    • 6.3.7. Others

7. Cloud Computing Market: By Service, 2020-2030, USD (Million)

  • 7.1. Market Overview
  • 7.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 7.3. Market Segmentation
    • 7.3.1. Software as a Service(Saas)
    • 7.3.2. Infrastructure as a Service(iAas)
    • 7.3.3. Platform as a service(PaaS)

8. North America Cloud Computing Market, 2020-2030, USD (Million)

  • 8.1. Market Overview
  • 8.2. Cloud Computing Market: By Deployment, 2020-2030, USD (Million)
  • 8.3. Cloud Computing Market: By End User, 2020-2030, USD (Million)
  • 8.4. Cloud Computing Market: By Vertical, 2020-2030, USD (Million)
  • 8.5. Cloud Computing Market: By Service, 2020-2030, USD (Million)
  • 8.6.Cloud Computing Market: By Region, 2020-2030, USD (Million)
    • 8.6.1.North America
      • 8.6.1.1. U.S.
      • 8.6.1.2. Canada
      • 8.6.1.3. Rest of North America

9. UK and European Union Cloud Computing Market, 2020-2030, USD (Million)

  • 9.1. Market Overview
  • 9.2. Cloud Computing Market: By Deployment, 2020-2030, USD (Million)
  • 9.3. Cloud Computing Market: By End User, 2020-2030, USD (Million)
  • 9.4. Cloud Computing Market: By Vertical, 2020-2030, USD (Million)
  • 9.5. Cloud Computing Market: By Service, 2020-2030, USD (Million)
  • 9.6.Cloud Computing Market: By Region, 2020-2030, USD (Million)
    • 9.6.1.UK and European Union
      • 9.6.1.1. UK
      • 9.6.1.2. Germany
      • 9.6.1.3. Spain
      • 9.6.1.4. Italy
      • 9.6.1.5. France
      • 9.6.1.6. Rest of Europe

10. Asia Pacific Cloud Computing Market, 2020-2030, USD (Million)

  • 10.1. Market Overview
  • 10.2. Cloud Computing Market: By Deployment, 2020-2030, USD (Million)
  • 10.3. Cloud Computing Market: By End User, 2020-2030, USD (Million)
  • 10.4. Cloud Computing Market: By Vertical, 2020-2030, USD (Million)
  • 10.5. Cloud Computing Market: By Service, 2020-2030, USD (Million)
  • 10.6.Cloud Computing Market: By Region, 2020-2030, USD (Million)
    • 10.6.1.Asia Pacific
      • 10.6.1.1. China
      • 10.6.1.2. Japan
      • 10.6.1.3. India
      • 10.6.1.4. Australia
      • 10.6.1.5. South Korea
      • 10.6.1.6. Rest of Asia Pacific

11. Latin America Cloud Computing Market, 2020-2030, USD (Million)

  • 11.1. Market Overview
  • 11.2. Cloud Computing Market: By Deployment, 2020-2030, USD (Million)
  • 11.3. Cloud Computing Market: By End User, 2020-2030, USD (Million)
  • 11.4. Cloud Computing Market: By Vertical, 2020-2030, USD (Million)
  • 11.5. Cloud Computing Market: By Service, 2020-2030, USD (Million)
  • 11.6.Cloud Computing Market: By Region, 2020-2030, USD (Million)
    • 11.6.1.Latin America
      • 11.6.1.1. Brazil
      • 11.6.1.2. Mexico
      • 11.6.1.3. Rest of Latin America

12. Middle East and Africa Cloud Computing Market, 2020-2030, USD (Million)

  • 12.1. Market Overview
  • 12.2. Cloud Computing Market: By Deployment, 2020-2030, USD (Million)
  • 12.3. Cloud Computing Market: By End User, 2020-2030, USD (Million)
  • 12.4. Cloud Computing Market: By Vertical, 2020-2030, USD (Million)
  • 12.5. Cloud Computing Market: By Service, 2020-2030, USD (Million)
  • 12.6.Cloud Computing Market: By Region, 2020-2030, USD (Million)
    • 12.6.1.Middle East and Africa
      • 12.6.1.1. GCC
      • 12.6.1.2. Africa
      • 12.6.1.3. Rest of Middle East and Africa

13. Company Profile

  • 13.1. Salesforce.com
    • 13.1.1. Company Overview
    • 13.1.2. Financial Performance
    • 13.1.3. Product Portfolio
    • 13.1.4. Strategic Initiatives
  • 13.2. Amazon Web Services
    • 13.2.1. Company Overview
    • 13.2.2. Financial Performance
    • 13.2.3. Product Portfolio
    • 13.2.4. Strategic Initiatives
  • 13.3. Microsoft
    • 13.3.1. Company Overview
    • 13.3.2. Financial Performance
    • 13.3.3. Product Portfolio
    • 13.3.4. Strategic Initiatives
  • 13.4. Oracle
    • 13.4.1. Company Overview
    • 13.4.2. Financial Performance
    • 13.4.3. Product Portfolio
    • 13.4.4. Strategic Initiatives
  • 13.5. Google
    • 13.5.1. Company Overview
    • 13.5.2. Financial Performance
    • 13.5.3. Product Portfolio
    • 13.5.4. Strategic Initiatives
  • 13.6. IBM
    • 13.6.1. Company Overview
    • 13.6.2. Financial Performance
    • 13.6.3. Product Portfolio
    • 13.6.4. Strategic Initiatives
  • 13.7. Rackspace
    • 13.7.1. Company Overview
    • 13.7.2. Financial Performance
    • 13.7.3. Product Portfolio
    • 13.7.4. Strategic Initiatives
  • 13.8. Engine Yard
    • 13.8.1. Company Overview
    • 13.8.2. Financial Performance
    • 13.8.3. Product Portfolio
    • 13.8.4. Strategic Initiatives
  • 13.9. Red Hat
    • 13.9.1. Company Overview
    • 13.9.2. Financial Performance
    • 13.9.3. Product Portfolio
    • 13.9.4. Strategic Initiatives
Product Code: 139285-09-22

List of Tables

  • TABLE 1 Global Cloud Computing Market By Deployment, 2020-2030, USD (Million)
  • TABLE 2 Global Cloud Computing Market By End User, 2020-2030, USD (Million)
  • TABLE 3 Global Cloud Computing Market By Enterprise, 2020-2030, USD (Million)
  • TABLE 4 Global Cloud Computing Market By Vertical, 2020-2030, USD (Million)
  • TABLE 5 Global Cloud Computing Market By Service, 2020-2030, USD (Million)
  • TABLE 6 North America Cloud Computing Market By Deployment, 2020-2030, USD (Million)
  • TABLE 7 North America Cloud Computing Market By End User, 2020-2030, USD (Million)
  • TABLE 8 North America Cloud Computing Market By Enterprise, 2020-2030, USD (Million)
  • TABLE 9 North America Cloud Computing Market By Vertical, 2020-2030, USD (Million)
  • TABLE 10 North America Cloud Computing Market By Service, 2020-2030, USD (Million)
  • TABLE 11 UK and European Union Cloud Computing Market By Deployment, 2020-2030, USD (Million)
  • TABLE 12 UK and European Union Cloud Computing Market By End User, 2020-2030, USD (Million)
  • TABLE 13 UK and European Union Cloud Computing Market By Enterprise, 2020-2030, USD (Million)
  • TABLE 14 UK and European Union Cloud Computing Market By Vertical, 2020-2030, USD (Million)
  • TABLE 15 UK and European Union Cloud Computing Market By Service, 2020-2030, USD (Million)
  • TABLE 16 Asia Pacific Cloud Computing Market By Deployment, 2020-2030, USD (Million)
  • TABLE 17 Asia Pacific Cloud Computing Market By End User, 2020-2030, USD (Million)
  • TABLE 18 Asia Pacific Cloud Computing Market By Enterprise, 2020-2030, USD (Million)
  • TABLE 19 Asia Pacific Cloud Computing Market By Vertical, 2020-2030, USD (Million)
  • TABLE 20 Asia Pacific Cloud Computing Market By Service, 2020-2030, USD (Million)
  • TABLE 21 Latin America Cloud Computing Market By Deployment, 2020-2030, USD (Million)
  • TABLE 22 Latin America Cloud Computing Market By End User, 2020-2030, USD (Million)
  • TABLE 23 Latin America Cloud Computing Market By Enterprise, 2020-2030, USD (Million)
  • TABLE 24 Latin America Cloud Computing Market By Vertical, 2020-2030, USD (Million)
  • TABLE 25 Latin America Cloud Computing Market By Service, 2020-2030, USD (Million)
  • TABLE 26 Middle East and Africa Cloud Computing Market By Deployment, 2020-2030, USD (Million)
  • TABLE 27 Middle East and Africa Cloud Computing Market By End User, 2020-2030, USD (Million)
  • TABLE 28 Middle East and Africa Cloud Computing Market By Enterprise, 2020-2030, USD (Million)
  • TABLE 29 Middle East and Africa Cloud Computing Market By Vertical, 2020-2030, USD (Million)
  • TABLE 30 Middle East and Africa Cloud Computing Market By Service, 2020-2030, USD (Million)

List of Figures

  • FIG. 1 Global Cloud Computing Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Cloud Computing Market: Quality Assurance
  • FIG. 5 Global Cloud Computing Market, By Deployment, 2021
  • FIG. 6 Global Cloud Computing Market, By End User, 2021
  • FIG. 7 Global Cloud Computing Market, By Vertical, 2021
  • FIG. 8 Global Cloud Computing Market, By Service, 2021
  • FIG. 9 Global Cloud Computing Market, By Geography, 2021
  • FIG. 10 Global Cloud Computing Market, By Deployment, 2021 Vs 2030, %
  • FIG. 11 Global Cloud Computing Market, By End User, 2021 Vs 2030, %
  • FIG. 12 Global Cloud Computing Market, By Vertical, 2021 Vs 2030, %
  • FIG. 13 Global Cloud Computing Market, By Service, 2021 Vs 2030, %
  • FIG. 14 U.S. Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 15 Canada Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 16 Rest of North America Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 17 UK Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 18 Germany Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 19 Spain Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 20 Italy Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 21 France Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 22 Rest of Europe Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 23 China Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 24 Japan Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 25 India Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 26 Australia Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 27 South Korea Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 28 Rest of Asia Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 29 Brazil Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 30 Mexico Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 31 Rest of Latin America Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 32 GCC Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 33 Africa Cloud Computing Market (US$ Million), 2020 - 2030
  • FIG. 34 Rest of Middle East and Africa Cloud Computing Market (US$ Million), 2020 - 2030
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