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1076140

Global Cloud Computing Market, By Service Model, By Deployment Model, By Organization Size, By Vertical, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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Global Cloud Computing Market, By Service Model, By Deployment Model, By Organization Size, By Vertical, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Published: May 6, 2022
Blueweave Consulting & Research Private Limited
Content info: 196 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Cloud Computing Market to Grow at a CAGR of 11% until 2028

The global cloud computing market is growing at a high CAGR because of the increasing adoption of advanced technologies including AI, IoT, machine learning, big data, etc., along with the increasing number of small and medium-sized enterprises significantly investing towards cloud computing adoption…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global cloud computing market was worth USD 390 billion in the year 2021 and it is projected to grow at a CAGR of around 11%, earning revenues of around USD 852 billion by the end of 2028. The global cloud computing market is flourishing at a high rate owing to the increasing adoption of advanced technologies including AI, IoT, machine learning, big data, etc., to improve business efficiency. Increasing number of small and medium-sized enterprises significantly investing towards cloud computing adoption to keep up with changing market scenario is anticipated to drive the market growth during the forecast period. However, a lack of sufficient human resources equipped with cybersecurity skills may act as a huge restraint for the cloud computing market.

Rising Adoption of Cloud Computing in SMEs is Offering Lucrative Growth Opportunities to the Market

Cloud computing is gaining significant traction among small and medium enterprises. The SMEs are utilizing cloud computing to expand their business along with keeping the cost low and boosting the overall productivity. Furthermore, cloud computing is also helpful in offering advanced data security, reduced downtime, flexible storage, better CRM management, etc. Cloud computing also proves to be cost efficient for SMEs as they only pay according to their size and financial capability. This is anticipated to drive the growth of the cloud computing market in the forecast period.

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Surging Demand for Cloud Computing in BFSI Sector is Driving Market Growth

Based on verticals, the global cloud computing market is segmented into banking, financial services, and insurance, telecommunications, IT and ITES, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, others. The banking, financial services, and insurance (BFSI) sector hold the largest market share owing to the increasing adoption of cloud services for offering financial services such as money transfer, real-time transaction details, digital wallets, etc. The manufacturing sector is also growing at a high rate owing to the adoption of advanced technologies such as AI and IoT to boost operational efficiency.

Cloud Computing Market - By Deployment Model

Based on the deployment model, the global cloud computing market is segmented into public cloud, private cloud, and hybrid. The private cloud segment accounts for the largest market share as it is predominantly used by large organizations. This deployment model offers maximum data protection compared to its counterparts, which acts as a major driving factor for this segment. The hybrid deployment is anticipated to register the highest growth rate during the forecast period due to the growing adoption among both SMEs and large organizations alike.

Cloud Computing Market - Regional Insights

Geographically, the cloud computing market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the cloud computing market. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period. The emergence of various multinational as well as cloud services startups such as Alibaba, Tata Consultancy, etc., acts as a major driving factor for its market growth. Furthermore, increasing penetration of established players such as Microsoft, Google, AWS, etc., in emerging economies due to expanding growth potential is anticipated to provide lucrative growth opportunities to the cloud computing market in the Asia-Pacific region.

Impact of COVID-19 on Cloud Computing Market

The cloud computing market significantly proliferated after the COVID-19 pandemic outbreak. The rapid shift towards work from home (WFH) culture, increasing demand for online payment platforms and tremendous surge in the internet traffic significantly boosted the growth of the cloud computing market. Furthermore, the rising demand for entertainment and media platforms such as YouTube, Twitch, Hulu, Amazon Prime, etc., during the quarantine period and post the lockdown upliftment also proved to be favorable for the market growth.

Competitive Landscape

The leading market players of the cloud computing market are Google, Adobe Inc., Workday, Inc., Alibaba Group Holding Ltd., SAP SE, Amazon Inc., Salesforce Inc., International Business Machines Corporation (IBM), Oracle Corporation, Microsoft Corporation, Databricks, Uptake Technologies Inc., Vlocity Inc., DigitalOcean, Inc., Box, Inc., Okta, Inc., Penguin Computing, Sabalcore Computing, Univa Corporation, and other prominent players.

The market is highly consolidated and dominated by multinational corporations such as Google Inc. and Amazon. The companies constantly launch new cloud offerings to expand their product portfolio and increase their product penetration. They also customize their offerings according to the size and needs of the organizations. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Don't miss the business opportunity of the cloud computing market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the cloud computing market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the cloud computing market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

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Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Cloud Computing Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. Global Cloud Computing Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Service Model
      • 5.2.1.1. Infrastructure as a Service (IaaS)
      • 5.2.1.2. Platform as a Service (PaaS)
      • 5.2.1.3. Software as a service (SaaS)
    • 5.2.2. By Deployment Mode
      • 5.2.2.1. Public Cloud
      • 5.2.2.2. Private Cloud
      • 5.2.2.3. Hybrid Cloud
    • 5.2.3. By Organization Size
      • 5.2.3.1. Large enterprises
      • 5.2.3.2. Small and medium-sized enterprises (SMEs)
    • 5.2.4. By Vertical
      • 5.2.4.1. Banking, Financial Services, and Insurance (BFSI)
      • 5.2.4.2. Telecommunications
      • 5.2.4.3. IT And ITES
      • 5.2.4.4. Government and Public Sector
      • 5.2.4.5. Retail and Consumer Goods
      • 5.2.4.6. Manufacturing
      • 5.2.4.7. Energy And Utilities
      • 5.2.4.8. Media and Entertainment
      • 5.2.4.9. Healthcare and Life Sciences
      • 5.2.4.10. Others
    • 5.2.5. By Region
      • 5.2.5.1. North America
      • 5.2.5.2. Europe
      • 5.2.5.3. The Asia Pacific
      • 5.2.5.4. Latin America
      • 5.2.5.5. The Middle East and Africa

6. North America Cloud Computing Market

  • 6.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Service Model
    • 6.2.2. By Deployment Mode
    • 6.2.3. By Organization Size
    • 6.2.4. By Vertical
    • 6.2.5. By Country
      • 6.2.5.1. United States
      • 6.2.5.2. Canada

7. Europe Cloud Computing Market

  • 7.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Service Model
    • 7.2.2. By Deployment Mode
    • 7.2.3. By Organization Size
    • 7.2.4. By Vertical
    • 7.2.5. By Country
      • 7.2.5.1. Germany
      • 7.2.5.2. United Kingdom
      • 7.2.5.3. Italy
      • 7.2.5.4. France
      • 7.2.5.5. Spain
      • 7.2.5.6. Rest of Europe

8. The Asia Pacific Cloud Computing Market

  • 8.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Service Model
    • 8.2.2. By Deployment Mode
    • 8.2.3. By Organization Size
    • 8.2.4. By Vertical
    • 8.2.5. By Country
      • 8.2.5.1. China
      • 8.2.5.2. India
      • 8.2.5.3. Japan
      • 8.2.5.4. South Korea
      • 8.2.5.5. Rest of Asia Pacific

9. Latin America Cloud Computing Market

  • 9.1. Market Size & Forecast by Value, 2018-2028
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Service Model
    • 9.2.2. By Deployment Mode
    • 9.2.3. By Organization Size
    • 9.2.4. By Vertical
    • 9.2.5. By Country
      • 9.2.5.1. Brazil
      • 9.2.5.2. Mexico
      • 9.2.5.3. Rest of Latin America

10. The Middle East & Africa Cloud Computing Market

  • 10.1. Market Size & Forecast by Value, 2018-2028
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
  • 10.3. By Service Model
  • 10.4. By Deployment Mode
  • 10.5. By Organization Size
    • 10.5.1. By Vertical
    • 10.5.2. By Country
      • 10.5.2.1. Saudi Arabia
      • 10.5.2.2. UAE
      • 10.5.2.3. South Africa
      • 10.5.2.4. Rest of Middle East & Africa

11. Competitive Landscape

  • 11.1. List of Key Players and Their Offerings
  • 11.2. Market Share Analysis, 2021
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Strategic Development (Merger, Acquisition, Partnership)

12. Impact of Covid-19 on Global Cloud Computing Market Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 13.1. Adobe Inc.
  • 13.2. Alibaba Group Holding Limited
  • 13.3. Amazon.com Inc.
  • 13.4. Google LLC
  • 13.5. International Business Machines Corporation
  • 13.6. Microsoft Corporation
  • 13.7. Oracle Corporation
  • 13.8. Salesforce.com Inc.
  • 13.9. SAP SE
  • 13.10. Workday, Inc.
  • 13.11. VMware, Inc.
  • 13.12. Apple, Inc.
  • 13.13. Rackspace, Inc.
  • 13.14. Alphabet, Inc.
  • 13.15. Other prominent players

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

  • Figure 1 Global Cloud Computing Market Segmentation
  • Figure 2 Global Cloud Computing Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 Global Cloud Computing Market Size, By Value (USD Million), 2018-2028
  • Figure 5 Global Cloud Computing Market Share, By Service Model, By Value, 2018-2028
  • Figure 6 Global Cloud Computing Market Share, By Deployment Mode, By Value, 2018-2028
  • Figure 7 Global Cloud Computing Market Share, By Organization Size, By Value, 2018-2028
  • Figure 8 Global Cloud Computing Market Share, By Vertical, By Value, 2018-2028
  • Figure 9 Global Cloud Computing Market Share, By Region, By Value, 2018-2028
  • Figure 10 North America Cloud Computing Market Size, By Value (USD Million), 2018-2028
  • Figure 11 North America Cloud Computing Market Share, By Service Model, By Value, 2018-2028
  • Figure 12 North America Cloud Computing Market Share, By Deployment Mode, By Value, 2018-2028
  • Figure 13 North America Cloud Computing Market Share, By Organization Size, By Value, 2018-2028
  • Figure 14 North America Cloud Computing Market Share, By Vertical, By Value, 2018-2028
  • Figure 15 North America Cloud Computing Market Share, By Country, By Value, 2018-2028
  • Figure 16 Europe Cloud Computing Market Size, By Value (USD Million), 2018-2028
  • Figure 17 Europe Cloud Computing Market Share, By Service Model, By Value, 2018-2028
  • Figure 18 Europe Cloud Computing Market Share, By Deployment Mode, By Value, 2018-2028
  • Figure 19 Europe Cloud Computing Market Share, By Organization Size, By Value, 2018-2028
  • Figure 20 Europe Cloud Computing Market Share, By Vertical, By Value, 2018-2028
  • Figure 21 Europe Cloud Computing Market Share, By Country, By Value, 2018-2028
  • Figure 22 Asia-Pacific Cloud Computing Market Size, By Value (USD Million), 2018-2028
  • Figure 23 Asia-Pacific Cloud Computing Market Share, By Service Model, By Value, 2018-2028
  • Figure 24 Asia-Pacific Cloud Computing Market Share, By Deployment Mode, By Value, 2018-2028
  • Figure 25 Asia-Pacific Cloud Computing Market Share, By Organization Size, By Value, 2018-2028
  • Figure 26 Asia-Pacific Cloud Computing Market Share, By Vertical, By Value, 2018-2028
  • Figure 27 Asia-Pacific Cloud Computing Market Share, By Country, By Value, 2018-2028
  • Figure 28 Latin America Cloud Computing Market Size, By Value (USD Million), 2018-2028
  • Figure 29 Latin America Cloud Computing Market Share, By Service Model, By Value, 2018-2028
  • Figure 30 Latin America Cloud Computing Market Share, By Deployment Mode, By Value, 2018-2028
  • Figure 31 Latin America Cloud Computing Market Share, By Organization Size, By Value, 2018-2028
  • Figure 32 Latin America Cloud Computing Market Share, By Vertical, By Value, 2018-2028
  • Figure 33 Latin America Cloud Computing Market Share, By Country, By Value, 2018-2028
  • Figure 34 Middle East & Africa Cloud Computing Market Size, By Value (USD Million), 2018-2028
  • Figure 35 Middle East & Africa Cloud Computing Market Share, By Service Model, By Value, 2018-2028
  • Figure 36 Middle East & Africa Cloud Computing Market Share, By Deployment Mode, By Value, 2018-2028
  • Figure 37 Middle East & Africa Cloud Computing Market Share, By Organization Size, By Value, 2018-2028
  • Figure 38 Middle East & Africa Cloud Computing Market Share, By Vertical, By Value, 2018-2028
  • Figure 39 Middle East & Africa Cloud Computing Market Share, By Country, By Value, 2018-2028

List of Tables

  • Table 1 Global Cloud Computing Market Size, By Service Model, By Value, 2018-2028
  • Table 2 Global Cloud Computing Market Size, By Deployment Mode, By Value, 2018-2028
  • Table 3 Global Cloud Computing Market Size, By Organization Size, By Value, 2018-2028
  • Table 4 Global Cloud Computing Market Size, By Vertical, By Value, 2018-2028
  • Table 5 Global Cloud Computing Market Size, By Region, By Value, 2018-2028
  • Table 6 North America Cloud Computing Market Size, By Service Model, By Value, 2018-2028
  • Table 7 North America Cloud Computing Market Size, By Deployment Mode, By Value, 2018-2028
  • Table 8 North America Cloud Computing Market Size, By Organization Size, By Value, 2018-2028
  • Table 9 North America Cloud Computing Market Size, By Vertical, By Value, 2018-2028
  • Table 10 North America Cloud Computing Market Size, By Country, By Value, 2018-2028
  • Table 11 Europe Cloud Computing Market Size, By Service Model, By Value, 2018-2028
  • Table 12 Europe Cloud Computing Market Size, By Deployment Mode, By Value, 2018-2028
  • Table 13 Europe Cloud Computing Market Size, By Organization Size, By Value, 2018-2028
  • Table 14 Europe Cloud Computing Market Size, By Vertical, By Value, 2018-2028
  • Table 15 Europe Cloud Computing Market Size, By Country, By Value, 2018-2028
  • Table 16 Asia-Pacific Cloud Computing Market Size, By Service Model, By Value, 2018-2028
  • Table 17 Asia-Pacific Cloud Computing Market Size, By Deployment Mode, By Value, 2018-2028
  • Table 18 Asia-Pacific Cloud Computing Market Size, By Organization Size, By Value, 2018-2028
  • Table 19 Asia-Pacific Cloud Computing Market Size, By Vertical, By Value, 2018-2028
  • Table 20 Asia-Pacific Cloud Computing Market Size, By Country, By Value, 2018-2028
  • Table 21 Latin America Cloud Computing Market Size, By Service Model, By Value, 2018-2028
  • Table 22 Latin America Cloud Computing Market Size, By Deployment Mode, By Value, 2018-2028
  • Table 23 Latin America Cloud Computing Market Size, By Organization Size, By Value, 2018-2028
  • Table 24 Latin America Cloud Computing Market Size, By Vertical, By Value, 2018-2028
  • Table 25 Latin America Cloud Computing Market Size, By Country, By Value, 2018-2028
  • Table 26 Middle East & Africa Cloud Computing Market Size, By Service Model, By Value, 2018-2028
  • Table 27 Middle East & Africa Cloud Computing Market Size, By Deployment Mode, By Value, 2018-2028
  • Table 28 Middle East & Africa Cloud Computing Market Size, By Organization Size, By Value, 2018-2028
  • Table 29 Middle East & Africa Cloud Computing Market Size, By Vertical, By Value, 2018-2028
  • Table 30 Middle East & Africa Cloud Computing Market Size, By Country, By Value, 2018-2028
  • Table 31 Adobe Inc. Company Overview
  • Table 32 Adobe Inc. Financial Overview
  • Table 33 Alibaba Group Holding Limited Company Overview
  • Table 34 Alibaba Group Holding Limited Financial Overview
  • Table 35 Google LLC Company Overview
  • Table 36 Google LLC Financial Overview
  • Table 37 International Business Machines Corporation Company Overview
  • Table 38 International Business Machines Corporation Financial Overview
  • Table 39 Oracle Corporation Company Overview
  • Table 40 Oracle Corporation Financial Overview
  • Table 41 SAP SE Company Overview
  • Table 42 SAP SE Financial Overview
  • Table 43 Workday, Inc. Company Overview
  • Table 44 Workday, Inc. Financial Overview
  • Table 45 VMware, Inc. Company Overview
  • Table 46 VMware, Inc. Financial Overview
  • Table 47 Apple, Inc. Company Overview
  • Table 48 Apple, Inc. Financial Overview
  • Table 49 Rackspace, Inc. Company Overview
  • Table 50 Rackspace, Inc. Financial Overview
  • Table 51 Alphabet, Inc. Company Overview
  • Table 52 Alphabet, Inc. Financial Overview