Cloud Computing Market Research Report - Global Forecast till 2030

Cloud Computing Market Research Report: By Service Model (SaaS, PaaS IaaS), By Deployment (Public, Private and Hybrid), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Vertical (BFSI, IT & Telecommunication, Retail and Consumer Goods, Manufacturing, Healthcare & Life Sciences, Government & Public Sector, Media & Entertainment, Energy & Utility and others) - Forecast till 2030

ID: MRFR/ICT/0507-CR | February 2020 | Region: Global | 141 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 18

3.4 Market Size Estimation 18

3.5 Forecast Model 19

3.6 List Of Assumptions 20

4 Market Insights

5 Market Dynamics

5.1 Introduction 23

5.2 Drivers 24

5.2.1 Numerous Benefits Of Cloud Over On-Premise IT Systems 24

5.2.2 Increasing BYOD Trend 24

5.2.3 Drivers Impact Analysis 24

5.3 Restraints 25

5.3.1 Data Security And Privacy Concerns 25

5.3.2 Restraints Impact Analysis 25

5.4 Opportunities 25

5.4.1 Increasing Demand For AI And IoT 25

6 Market Factor Analysis

6.1 Value Chain Analysis 26

6.1.1 Cloud Service Providers (IaaS And PaaS) 26

6.1.2 SaaS Providers 27

6.1.3 Resellers/Distributors 27

6.1.4 End Users 27

6.2 Porter’s Five Forces Model 28

6.2.1 Threat Of New Entrants 28

6.2.2 Bargaining Power Of Suppliers 28

6.2.3 Threat Of Substitutes 29

6.2.4 Bargaining Power Of Buyers 29

6.2.5 Intensity Of Rivalry 29

7 Global Cloud Computing Market, By Service Model

7.1 Overview 30

7.2 Infrastructure As A Service (IaaS) 31

7.3 Platform As A Service 31

7.4 Software As A Service 31

8 Global Cloud Computing Market, By Deployment Model

8.1 Overview 33

8.2 Private Cloud 33

8.3 Public Cloud 33

8.4 Hybrid Cloud 33

9 Global Cloud Computing Market, By Organization Size

9.1 Overview 35

9.1.1 Small- And Medium-Sized Enterprises 35

9.1.2 Large Enterprises 35

10 Global Cloud Computing Market, By Vertical

10.1 Overview 37

10.2 Banking, Financial Services And Insurance (BFSI) 37

10.3 IT And Telecommunications 37

10.4 Government And Public Sector 37

10.5 Retail And Consumer Goods 38

10.6 Manufacturing 38

10.7 Energy And Utilities 38

10.8 Media And Entertainment 38

10.9 Healthcare And Life Sciences 39

10.10 Others 39

11 Global Cloud Computing Market, By Region

11.1 Overview 41

11.2 North America 42

11.2.1 US 46

11.2.2 Canada 48

11.2.3 Mexico 50

11.3 Europe 52

11.3.1 UK 56

11.3.2 Germany 58

11.3.3 France 60

11.3.4 Spain 62

11.3.5 Italy 64

11.3.6 Rest Of Europe 66

11.4 Asia-Pacific 68

11.4.1 China 72

11.4.2 Japan 74

11.4.3 India 76

11.4.4 Rest Of Asia-Pacific 78

11.5 Rest Of The World 80

11.5.1 Middle East & Africa 84

11.5.2 South America 86

12 Competitive Landscape

12.1 Competitive Overview 88

13 Company Profiles

13.1 Amazon.Com Inc. (Amazon) 90

13.1.1 Company Overview 90

13.1.2 Financial Overview 91

13.1.3 Products/Services/Solutions Offered 92

13.1.4 Key Developments 92

13.1.5 SWOT Analysis 93

13.1.6 Key Strategies 93

13.2 Microsoft Corporation 94

13.2.1 Company Overview 94

13.2.2 Financial Overview 94

13.2.3 Products/Services/Solutions Offered 95

13.2.4 Key Developments 95

13.2.5 SWOT Analysis 96

13.2.6 Key Strategies 96

13.3 Alphabet Inc. 97

13.3.1 Company Overview 97

13.3.2 Financial Overview 98

13.3.3 Products/Services/Solutions Offered 99

13.3.4 Key Developments 99

13.3.5 SWOT Analysis 100

13.3.6 Key Strategies 100

13.4 Oracle Corporation 101

13.4.1 Company Overview 101

13.4.2 Financial Overview 101

13.4.3 Products/Services/Solutions Offered 102

13.4.4 Key Developments 102

13.4.5 SWOT Analysis 102

13.4.6 Key Strategies 102

13.5 Cisco Systems, Inc. 103

13.5.1 Company Overview 103

13.5.2 Financial Overview 103

13.5.3 Products/Services/Solutions Offered 104

13.5.4 Key Developments 104

13.5.5 SWOT Analysis 105

13.5.6 Key Strategies 105

13.6 Salesforce.Com, Inc. 106

13.6.1 Company Overview 106

13.6.2 Financial Overview 106

13.6.3 Products/Services/Solutions Offered 107

13.6.4 Key Developments 107

13.6.5 SWOT Analysis 107

13.6.6 Key Strategies 108

13.7 SAP SE 109

13.7.1 Company Overview 109

13.7.2 Financial Overview 109

13.7.3 Products/Services/Solutions Offered 110

13.7.4 Key Developments 110

13.7.5 SWOT Analysis 110

13.7.6 Key Strategies 110

13.8 VMware, Inc. 111

13.8.1 Company Overview 111

13.8.2 Financial Overview 111

13.8.3 Products/Services/Solutions Offered 112

13.8.4 SWOT Analysis 112

13.8.5 Key Strategies 112

13.9 IBM Corporation 113

13.9.1 Company Overview 113

13.9.2 Financial Overview 113

13.9.3 Products/Services/Solutions Offered 114

13.9.4 Key Developments 114

13.9.5 SWOT Analysis 114

13.9.6 Key Strategies 114

13.10 Alibaba Group Holding Ltd 115

13.10.1 Company Overview 115

13.10.2 Financial Overview 115

13.10.3 Products/Services/Solutions Offered 116

13.10.4 SWOT Analysis 116

13.10.5 Key Strategies 116

13.11 Rackspace Inc. 117

13.11.1 Company Overview 117

13.11.2 Products/Services/Solutions Offered 117

13.11.3 Key Developments 117

13.11.4 SWOT Analysis 118

13.11.5 Key Strategies 118

13.12 Adobe Systems Inc. 119

13.12.1 Company Overview 119

13.12.2 Financial Overview 120

13.12.3 Products/Services/Solutions Offered 120

13.12.4 Key Developments 120

13.12.5 SWOT Analysis 121

13.12.6 Key Strategies 121

13.13 SAS Institute Inc.. 122

13.13.1 Company Overview 122

13.13.2 Products/Services/Solutions Offered 122

13.13.3 SWOT Analysis 122

13.13.4 Key Strategies 122

13.14 Dell EMC Corp. 123

13.14.1 Company Overview 123

13.14.2 Products/Services/Solutions Offered 123

13.14.3 Key Developments 123

13.14.4 SWOT Analysis 124

13.14.5 Key Strategies 124

13.15 TIBCO Software Inc. 125

13.15.1 Company Overview 125

13.15.2 Products/Services/Solutions Offered 125

13.15.3 Key Developments 125

13.15.4 Key Strategies 126

14 List Of Tables

TABLE 1 LIST OF ASSUMPTIONS 20

TABLE 2 GLOBAL CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 32

TABLE 3 GLOBAL CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 34

TABLE 4 GLOBAL CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 36

TABLE 5 GLOBAL CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 40

TABLE 6 GLOBAL CLOUD COMPUTING MARKET, BY REGION, 2020–2027 (USD MILLION) 41

TABLE 7 NORTH AMERICA: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 42

TABLE 8 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 43

TABLE 9 NORTH AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 44

TABLE 10 NORTH AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 44

TABLE 11 NORTH AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 45

TABLE 12 US: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 46

TABLE 13 US: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 46

TABLE 14 US: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 47

TABLE 15 US: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 47

TABLE 16 CANADA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 48

TABLE 17 CANADA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 48

TABLE 18 CANADA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 49

TABLE 19 CANADA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 49

TABLE 20 MEXICO: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 50

TABLE 21 MEXICO: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 50

TABLE 22 MEXICO: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 51

TABLE 23 MEXICO: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 51

TABLE 24 EUROPE: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 52

TABLE 25 EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 53

TABLE 26 EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 54

TABLE 27 EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 54

TABLE 28 EUROPE: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 55

TABLE 29 UK: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 56

TABLE 30 UK: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 56

TABLE 31 UK: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 57

TABLE 32 UK: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 57

TABLE 33 GERMANY: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 58

TABLE 34 GERMANY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 58

TABLE 35 GERMANY: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 59

TABLE 36 GERMANY: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 59

TABLE 37 FRANCE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 60

TABLE 38 FRANCE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 60

TABLE 39 FRANCE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 61

TABLE 40 FRANCE: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 61

TABLE 41 SPAIN: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 62

TABLE 42 SPAIN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 62

TABLE 43 SPAIN: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 63

TABLE 44 SPAIN: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 63

TABLE 45 ITALY: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 64

TABLE 46 ITALY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 64

TABLE 47 ITALY: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 65

TABLE 48 ITALY: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 65

TABLE 49 REST OF EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 66

TABLE 50 REST OF EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 66

TABLE 51 REST OF EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 67

TABLE 52 REST OF EUROPE: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 67

TABLE 53 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 68

TABLE 54 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 69

TABLE 55 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 70

TABLE 56 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 70

TABLE 57 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 71

TABLE 58 CHINA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 72

TABLE 59 CHINA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 72

TABLE 60 CHINA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 73

TABLE 61 CHINA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 73

TABLE 62 JAPAN: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 74

TABLE 63 JAPAN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 74

TABLE 64 JAPAN: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 75

TABLE 65 JAPAN: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 75

TABLE 66 INDIA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 76

TABLE 67 INDIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 76

TABLE 68 INDIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 77

TABLE 69 INDIA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 77

TABLE 70 REST OF ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 78

TABLE 71 REST OF ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 78

TABLE 72 REST OF ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 79

TABLE 73 REST OF ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 79

TABLE 74 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 80

TABLE 75 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 81

TABLE 76 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 82

TABLE 77 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 82

TABLE 78 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 83

TABLE 79 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 84

TABLE 80 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 84

TABLE 81 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 85

TABLE 82 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 85

TABLE 83 SOUTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 86

TABLE 84 SOUTH AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 86

TABLE 85 SOUTH AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 87

TABLE 86 SOUTH AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 87

15 List Of Figures

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 GLOBAL CLOUD COMPUTING MARKET: MARKET STRUCTURE 15

FIGURE 3 RESEARCH PROCESS OF MRFR 16

FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 19

FIGURE 5 NORTH AMERICA: CLOUD COMPUTING MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 21

FIGURE 6 EUROPE: CLOUD COMPUTING MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 21

FIGURE 7 ASIA-PACIFIC: CLOUD COMPUTING MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 22

FIGURE 8 REST OF THE WORLD: CLOUD COMPUTING MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 22

FIGURE 9 DRO ANALYSIS OF GLOBAL CLOUD COMPUTING MARKET 23

FIGURE 10 DRIVERS IMPACT ANALYSIS: CLOUD COMPUTING MARKET 24

FIGURE 11 RESTRAINTS IMPACT ANALYSIS: CLOUD COMPTUING MARKET 25

FIGURE 12 VALUE CHAIN ANALYSIS: GLOBAL CLOUD COMPUTING MARKET 26

FIGURE 14 GLOBAL CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 32

FIGURE 15 GLOBAL CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 34

FIGURE 16 GLOBAL CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 35

FIGURE 17 GLOBAL CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 39

FIGURE 18 GLOBAL CLOUD COMPUTING MARKET, BY REGION, 2020–2027 (USD MILLION) 41

FIGURE 19 NORTH AMERICA: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 42

FIGURE 20 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 43

FIGURE 21 NORTH AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 43

FIGURE 22 NORTH AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 44

FIGURE 23 NORTH AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 45

FIGURE 24 EUROPE: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 52

FIGURE 25 EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 53

FIGURE 26 EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 53

FIGURE 27 EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 54

FIGURE 28 EUROPE: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 55

FIGURE 29 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 68

FIGURE 30 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 69

FIGURE 31 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 69

FIGURE 32 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 70

FIGURE 33 ASIA-PACIFIC: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 71

FIGURE 34 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 80

FIGURE 35 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2020–2027 (USD MILLION) 81

FIGURE 36 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2020–2027 (USD MILLION) 81

FIGURE 37 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2020–2027 (USD MILLION) 82

FIGURE 38 REST OF THE WORLD: CLOUD COMPUTING MARKET, BY VERTICAL, 2020–2027 (USD MILLION) 83

FIGURE 39 VENDOR SHARE ANALYSIS: GLOBAL CLOUD COMPUTING MARKET 89

Cloud Computing Market

Cloud Computing Market size to reach USD 1738.44 billion at a 18.53% CAGR from 2018 to 2030 (forecast period).

$1738.44 billion

Market Size


18.53%

CAGR


North America

Dominating Region

2018-2030

Forecast Period

Segmentation

By Service Model Software As A Service (Saa S) Infrastructure As A Service (Iaa S) Platform As A Service (Paa S)
By Deployment Mode Private Public Hybrid Cloud
By Organization size Small And Medium Sized Enterprises Large Enterprises
By Vertical Banking Financial Services And Insurance (Bfsi) It And Telecommunications Government And Public Sector Retail And Consumer Goods Manufacturing

Key Players

  • Amazon.com Inc.
  • Microsoft Corporation
  • Alphabet Inc
  • Oracle Corporation
  • Salesforce.com
  • Inc.
  • VMware
  • Inc.
  • IBM Corporation
  • Alibaba Group Holding Ltd.
  • Dell EMC Corp.
  • Rackspace Inc.
  • Adobe Systems Inc.
  • SAS Institute Inc
  • and TIBCO Software Inc.

Drivers

  • Rising return on investment with lower infrastructure and storage costs
  • Enterprises are concerned about the initial deployment and maintenance costs of hosting data on-premises
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Cloud Computing Market Overview


Market Research Future (MRFR) predicts the Cloud Computing Market size to reach USD 1738.44 billion at an 18.53% CAGR from 2018 to 2030 (forecast period). Cloud computing is an IT service delivery model where third-party service providers provide computing resources and software tools through the Internet. In this service model, the user pays only for the usage of the computing device, along with the storage and bandwidth they consume. Cloud computing provides multiple advantages over on-premises hardware infrastructure like faster deployment, disaster recovery, low cost, scalability, mobility support, and less burden on IT staff to manage systems.


COVID-19 Impact on the Cloud Computing Market


Cloud computing has become very important in the modern era, from games to software used by institutions and offices. E-commerce is gaining a lot of popularity in the sense of a lockdown to sell food and other important supplies. Online retailers are seeing an upsurge in transactions as they use cloud hosting tools that are flexible and do not disrupt business. Cloud computing is on the rise during the pandemic since it increases the ability of businesses to review relevant data in order to ensure an improved response. Cloud computing also provides major efficiency improvements for types of work that are not suitable for telecommuting. Cloud computing improves the efficiency of operations such as online marketing, back-office work, editing, web design, engineering, and other remote work. TeamViewer, ClickMeeting, Skype, and Slack are constantly dependent on the cloud for uninterrupted and trouble-free operations.


The lockdown has had a strong impact on the cloud computing market due to employees working remotely and businesses are using robust collaborative tools to run operations smoothly. At such times, when food and medicines are of the utmost importance, cloud computing has come to the rescue as it supports telemedicine. Remotely, access to doctors and other health professionals has become increasingly important.


The need for cloud computing has become more evident in this outbreak, particularly since the national lockdown. Businesses cannot work without cloud solutions, and the integration of such solutions has ensured the stability of web-based platforms and services.


Cloud Services Industry Dynamics



  • Drivers


Rising return on investment with lower infrastructure and storage costs             


Enterprises are concerned about the initial deployment and maintenance costs of hosting data on-premises. In addition, staff costs and downtime issues are a few additional challenges for companies. Current competition and global economic situations have intensified the adoption of cost-effective measures to restructure business models. Growing market shifts towards digital transformation and accelerating customer experience are a few more factors contributing to the adoption of cloud computing services that eventually minimize enterprise costs. In addition, the cloud provides the advantage of a pay-as-you-go model that allows businesses to pay for their use of cloud services, resulting in reduced costs.



  • Restraints


Need to meet regulatory and compliance policy


In recent years, the need to meet regulatory and compliance have gradually grown due to changing market needs, rising data breaches, and cyber-attacks, and increasing data security issues. In addition, companies must aim to thrive in the market by taking steps to meet regulatory needs and prevent financial penalties, prevent customer and revenue losses and avoid exposure to legal action.


Cloud Computing Market Segmentation


Cloud Computing Industry has been segregated on the basis of Service Model, Deployment Model, Organization Size, and Vertical.


By service model, the SaaS segment to attain the highest share


The SaaS segment of the cloud computing market held the largest market share of 58% in 2018, and it is expected to exhibit a high CAGR during the forecast period.


By deployment mode, the public cloud segment to display the highest share


The public cloud segment of the cloud computing market captured the largest market share in 2018, and it is expected to post a CAGR of 20% during the forecast period.


By organization size, the large enterprise segment to lead the cloud provider market


The large enterprise segment of the cloud computing market held the larger market share in 2018, and it is expected to record a CAGR of 19% during the forecast period.


By vertical, the BFSI segment to post the highest CAGR


The BFSI segment of the cloud computing market earned the largest market share in 2018, with a market value of USD 24.8 billion, it is predicted to register a CAGR of 18.6% during the forecast period.


Cloud Computing Market Regional Analysis


North America to lead the global Cloud Services Industry


North America is an industry leader in terms of Cloud Computing market share. Some of the factors responsible for the growth of the industry include the growing need for businesses to offer their workers flexible job opportunities and better internet connectivity. In addition, the involvement of major companies such as Microsoft Corporation, Amazon Web Services Inc., Cisco Systems Inc., Google, IBM Corporation, and others is one of the driving forces for cloud computing in the region.


Europe to follow North America


Europe has been divided into the United Kingdom, Germany, France, Spain, Italy, and the rest of Europe. According to the MRFR, the UK is projected to have the largest market share, followed by Germany and France. Some of the contributing factors for the cloud computing market growth include the increasing use of cloud-based solutions. Many organizations are also employee-centric and have flexible work opportunities for their employees. Increased automation and agility are a significant market drivers in Europe.


Cloud Computing Market Competitive Landscape


Partnerships, strategic mergers, and acquisitions are expected to be the most effective way for industry players to gain fast access to emerging markets and improve their technical capabilities. Product differentiation and improvements are also expected to pave the way for the growth of companies in the cloud computing market.


Key Players


The key players in the global cloud computing industry are Amazon.com Inc., Microsoft Corporation, SAP SE, Alphabet Inc, Oracle Corporation, Cisco Systems, Inc., Salesforce.com, Inc., VMware, Inc., IBM Corporation, Alibaba Group Holding Ltd., Dell EMC Corp., Rackspace Inc., Adobe Systems Inc., SAS Institute Inc, and TIBCO Software Inc.


Recent Developments


In June 2020, Amazon launched AWS Europe (Milan) and AWS Africa (Cape Town) to extend its availability zones to 76 in 24 geographic regions worldwide. It also revealed plans for nine new availability zones and three more AWS regions in Indonesia, Japan, and Spain.


In May 2020, Microsoft released an industry-specific cloud offering for healthcare organizations and enhanced workflow efficiency and simplified interactions. Microsoft Cloud for Healthcare involves data analytics for both structured and unstructured data.


Report Overview


Cloud Computing Market research report explores critical drivers, constraints, and challenges in the global cloud computing market, regional and segment revenue estimates, and assessments. The base year is 2018; the estimated period is 2018-2024. The segmentation of the cloud computing market is represented in the following manner


Segmentation Table


By Service Model



  • Software as a Service (SaaS)

  • Infrastructure as a Service (IaaS)

  • Platform as a Service (PaaS)


By Deployment Mode



  • Private

  • Public

  • Hybrid Cloud


By Organization size



  • Small- and Medium-Sized Enterprises

  • Large Enterprises


By Vertical



  • Banking

  • Financial Services and Insurance (BFSI)

  • IT and Telecommunications

  • Government and Public Sector

  • Retail and Consumer Goods

  • Manufacturing

  • Energy and Utilities

  • Media and Entertainment

  • Healthcare and Life Sciences

  • Others

Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1738.44 billion
  CAGR   18.53% CAGR
  Base Year   2017
  Forecast Period   2018 to 2030
  Historical Data   2016
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Service Model, Organization Size
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Microsoft Corporation, SAP SE, Alphabet Inc, Oracle Corporation, Cisco Systems, Inc., Salesforce.com, Inc., VMware, Inc., IBM Corporation, Alibaba Group Holding Ltd., Dell EMC Corp., Rackspace Inc., Adobe Systems Inc., SAS Institute Inc, and TIBCO Software Inc.
  Key Market Opportunities   
  Key Market Drivers   Rising return on investment with lower infrastructure and storage costs


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Frequently Asked Questions (FAQ) :

Cloud computing has been growing exponentially in the last few years, and the market is anticipated to flourish at a robust CAGR of approximately 18.53% from 2018 to 2030.

The growing need for work-life flexibility is popularizing BYOD culture. This is expected to support the cloud computing market in North America.

Amazon.com Inc., Alphabet Inc, Microsoft Corporation, and Oracle Corporation are some well-established players that are likely to gain high traction for the global cloud computing market.

At present, the market is valued at USD 380.25 Billion.

According to MRFR study, benefits, such as faster deployment, cost-affordability, mobility support, scalability, and disaster recovery that are offered by cloud computing technology is expected to boost the cloud computing market expansion.

The technology is expansive and powerful and can offer benefits to both the customer as well as the provider over the coming years.

The technology is believed to be cost-effective. The growing return on investment with minimal storage and infrastructure costs is a significant factor boosting the cloud computing market's expansion.

The deployment and utilization of the technology are only expected to grow over the coming years. So, yes. With time cloud computing is becoming more and more prevalent across the end-use sectors.