Cloud Computing Market size was valued at USD 462.5 Billion in 2021, registering a CAGR of 16.4% during the forecast period (2022-2030), and the market is projected to be worth USD 1814.2 Billion by 2030.
A “cloud” is a paradigm or network in which software or apps run and may be accessed by several servers or devices. The introduction of new technologies such as artificial intelligence (AI) and machine learning facilitates cloud expansion by allowing organisations to tap into AI capabilities. Cloud computing technology represents a paradigm change in computing, enabling better and quicker means of offering computer solutions, infrastructure solutions, and application layers. Cloud computing is one of the most common uses in the banking, information technology, and healthcare industries. Cloud edge computing simplifies and secures the exchange of electronic medical records, increasing the sector’s efficiency.
Cloud Computing Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Deployment (Private, Hybrid, Public), By Service (Software as a Service (SaaS), Infrastructure as a Service (IaaS), Platform as a Service (PaaS)), and companies (VMware,Inc.,IBM Corporation,Alibaba Group Holding Ltd.,Dell EMC Corp.,Rackspace Inc.,Adobe Systems Inc.,SAS Institute Inc, Amazon.com Inc.,Microsoft Corporation,Alphabet Inc,Oracle Corporation,Salesforce.com,Inc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 16.4%, over the forecast period of 2022–2030.
The increased adoption of Cloud Computing in the Communication Services industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Cloud Computing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Cloud Computing in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||1814.2 Billion|
|By Deployment||Private, Hybrid, Public|
|By Service||Software as a Service (SaaS), Infrastructure as a Service (IaaS), Platform as a Service (PaaS)|
|By Workload||Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration|
|By End User||IT and Telecom, BFSI, Manufacturing, Healthcare, Retail and Consumer Goods, Media and Entertainment, Energy and Utilities|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||VMware,Inc.,IBM Corporation,Alibaba Group Holding Ltd.,Dell EMC Corp.,Rackspace Inc.,Adobe Systems Inc.,SAS Institute Inc, Amazon.com Inc.,Microsoft Corporation,Alphabet Inc,Oracle Corporation,Salesforce.com,Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Cloud Computing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
VMware,Inc.,IBM Corporation,Alibaba Group Holding Ltd.,Dell EMC Corp.,Rackspace Inc.,Adobe Systems Inc.,SAS Institute Inc, Amazon.com Inc.,Microsoft Corporation,Alphabet Inc,Oracle Corporation,Salesforce.com Inc.
Market Segment Analysis:
- Software as a Service (SaaS)
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Storage, Backup, and Disaster Recovery
- Application Development and Testing
- Database Management
- Business Analytics
- Integration and Orchestration
- Enterprise Resource Management
- Collaboration and Content Management
By End User
- IT and Telecom
- Retail and Consumer Goods
- Media and Entertainment
- Energy and Utilities
- Government and Public Sector
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Cloud Computing industries in the region.
Key Cloud Computing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Cloud Computing Market segments.
– Largest Market Share Held by Industry to Industry for Cloud Computing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Cloud Computing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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