PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1866218
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1866218
Global Cloud Computing Market Introduction and Overview
According to SPER Market Research, 'Global Cloud Computing Market Size- By Service, By Workload, By Deployment, By Enterprise Size, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Cloud Computing Market is predicted to reach 4913.93 billion by 2034 with a CAGR of 20.63%.
Cloud computing is often defined as the on-demand provision of computer system resources, particularly data storage (cloud storage) and processing power, without requiring direct management by the user. Large cloud infrastructures typically distribute their functionalities across various locations, each regarded as a data center. This computing model depends on the use of shared resources to maintain coherence. Generally, it utilizes a pay-as-you-go pricing strategy, which can lower capital costs but may lead to unforeseen operational expenses for users.
RESTRAINTS: One of the escalating challenges within the cloud computing sector is the increasing complexity related to the management of interoperability and multi-cloud environments. While strategies involving multi-cloud offer enhanced flexibility and minimize reliance on a singular vendor, they bring about various technical and operational difficulties. Organizations encounter obstacles when attempting to integrate diverse platforms because of varying APIs, security protocols, data management policies, and monitoring tools. Such inconsistencies can impede data portability, lead to fragmented visibility, and amplify risks associated with compliance and vendor lock-in.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Service, By Workload, By Deployment, By Enterprise Size, By End-User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Alibaba Cloud, Amazon Web Services, Inc, CloudHesive, Coastal Cloud, DigitalOcean, Google, GroundCloud, IBM, Microsoft Azure, Oracle Cloud, Rackspace Technology, Inc, Salesforce, Inc.
Global Cloud Computing Market Segmentation:
By Service: Based on the Service, Global Cloud Computing Market is segmented as; Infrastructure as a Service, Platform as a Service, Software as a Service.
By Workload: Based on the Workload, Global Cloud Computing Market is segmented as; Application Development & Testing, Data Storage & Backup, Resource Management, Orchestration Services, Others.
By Deployment: Based on the Deployment, Global Cloud Computing Market is segmented as; Public, Private, Hybrid.
By Enterprise Size: Based on the Enterprise Size, Global Cloud Computing Market is segmented as; Small & Medium Enterprises, Large Enterprise.
By End-User: Based on End-User, Global Cloud Computing Market is segmented as; BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Healthcare, Media & Entertainment, Government & Public Sector, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.