Public Cloud Market, By Cloud Computing (Cloud Billing, Cloud Communication Platform, Cloud Access Security, Cloud High-Performance Computing and Cloud Infrastructure), By Service (SaaS, PaaS and IaaS), By Organization Size (Large Enterprises and Small & Medium Size Enterprises), By Industry (Manufacturing, BFSI, Healthcare, Retail, Government, Aerospace & Defence, IT & Telecommunication) – Forecast to 2030

Public Cloud Market Overview

Public Cloud Market is projected to display a 21.4% CAGR over the gauge time frame (2020-2030), as indicated by the experiences presented by Market Research Future (MRFR) in its most recent report. The Public Cloud Market can reach USD 1386.14 billion by 2030.

Public cloud markets are presented over the web and get to by a large number of clients for putting away relevant records and other mixed media designs. The tremendous volume of information consumed by clients and the requirement for huge measures of server farms can set off the interest for public cloud administrations.

The Public Cloud Market report assesses the potential for the market by getting to patterns, open doors, development motors, obstacles, and difficulties for assessing the development direction and income size during the gauge time frame. The COVID-19 ramifications on the business are broken down at a granular level and cover its effect on assistance, type, effect, and vertical.

The worldwide public cloud market is very serious with the business being constrained by enormous behemoth associations. Item improvement, joint efforts, and organizations are significant systems utilized by significant organizations to acquire the edge over the opposition.

The most extreme offers have a place with Amazon, Google, IBM Corporation, Microsoft Corporation, and Oracle Corporation. Among them, Amazon holds near 21% offer in the marketspace while bragging a correct list under its quill. It offers cloud administrations on a membership administration and offers more highlights according to the different variations.

COVID-19 Analysis

The COVID-19 pandemic has resulted in the shutdown of various operations globally and national governments invoking lockdowns for curbing the spread of the virus. The production and value chain of electronics hardware has been considerably affected, although on a positive note it has encourage remote working which can bode well for the public cloud market. IT resources hosted on public cloud can give uninterrupted access to organizations and employees without affecting workflow.

The increased spending on cloud services and digital transformation efforts of large and small organizations can spell good tailwinds for the Public Cloud Market. Collaboration applications have become a clarion call for public cloud services as teams unite globally on these platforms for ensuring seamless productivity. The rise of e-learning and uptick in food ordering mobile applications are evidence of the large potential of public cloud and a way for diversifying business models.

Market Dynamics

Drivers

• Cloud Computing to Push the Demand for Public Cloud Services

The penetration of smartphones, smart devices, and other consumer electronic products has pushed the demand for public cloud services. Public cloud services enable enterprises and individuals for storing pertinent data in a safe and secure manner. The large array of encryption features integrated to the cloud account for securing the data can drive the public cloud market demand significantly.

Opportunities

• SMEs to be New Niche for Cloud Computing

Small and medium enterprises (SMEs) can access data and manage operations efficiently by subscribing to pay-per-usage models. Cloud service companies are targeting SMEs owing to their ability to keep operating heads down and drive productivity. Moreover, the encouragement by nations for embracing digital services presents a prime opportunity for the public cloud market to expand its reach. The reliance on smart devices for commercial and private purposes can spur the market demand over the forecast period.

Restraints

• Data Security Threats to Impede Public Cloud Market Growth

The compromise of private and confidential data by being vulnerable to cyberattacks can impede the global market growth. But cloud offering vendors are offering advanced level encryption for its clients in order to mitigate the risk and ensure complete confidentiality.

Cumulative Growth Analysis

• CX to be Pivotal in Driving Public Cloud Market

The global public cloud market growth is set to soar at an explosive rate owing to increased spending on cloud services and shift to digitization by enterprises. The focus on customer experience and assurance of seamless security will provide a stimulus to the market. Low prices of SaaS solutions and the potential of cloud management services can bode well for the market.

Segment Overview

By Cloud Computing

Cloud Infrastructure to Rule in the Public Cloud Market till 2023 Cloud infrastructure can gain precedence in the market owing to focus of cloud providers for setting up appropriate hardware for catering to the needs of clients and corporations. The virtualization of servers and other hardware components and subsequent dip in operational costs can drive the segment growth over the forecast period.

Cloud Billing to Display Massive Growth

Cloud billing can display a CAGR of 24.99% over the forecast period owing to the need for secure methods of payment and opportunity in blockchain. It can capture a significant portion of the public cloud market share till 2023. Development of multiple applications and governance of global clients can present a prime opportunity for cloud providers.

By Service

• SaaS Segment to Buoy in the Top Position in Public Cloud Market

The Saas segment is expected to dominate and carve a sizeable share of the global public cloud market share owing to deployment of new applications without individual installation. Rising expenditure on business applications and investments on business intelligence are estimated to drive the need for public cloud.

By Organization Size

• Large Enterprises to Contribute the Maximum to Market Revenue Earnings

Large enterprises are likely to adopt public cloud owing to easy deployment of applications, time to market, collaboration, and low operating costs. They are inclined towards virtualization of hardware in light of rising operating costs and modernize business applications.

By Industry

• BFSI Industry to Register Strong Growth in Global Public Cloud Market

The BFSI industry is on the precipice of expansion owing to stimulus in economies, willingness for novel products, ease of business index in various countries, and easy transfer of funds through mobile applications. The focus on customer-centricity and rollout of new business models by enterprises for catering to customer needs can drive the demand for public cloud till the end of the forecast period.

Regional Analysis

• North America to Capture Major Portion of Global Public Cloud Market Share

North America is set to dominate the market owing to increasing digitization and adoption of cloud for storing and management of large swathes of data. This is indicated by the high adoption of the technology by major providers in the U.S. The U.S., in particular, is deemed to display a strong CAGR of 22.01% during the forecast period. Presence of various prominent vendors and inclination of companies towards data centers can drive the regional market growth.

Competitive Landscape

The global public cloud market is extremely competitive with the industry with being controlled by large behemoth organizations. Product development, collaborations, and partnerships are major strategies employed by major companies to gain the edge over the competition. The maximum shares belong to Amazon, Google, IBM Corporation, Microsoft Corporation, and Oracle Corporation. Among them, Amazon holds close to 21% share in the marketspace while boasting a prominent list of companies under its feather. It offers cloud services on a subscription service and offers more features as per the various variants.

Google has assumed the second position in the global public cloud market and holds certain influence in various sectors due to its collaborations with various reputed infrastructure providers. Recently, Google has partnered with Zenoss, Inc., for providing virtualization services to large companies. The low response time and focus on accelerating the pace of technology and launch of new services can disrupt the market positively.

List of Key Companies Covered in the Report

• Microsoft Corporation (U.S.)


• com Inc. (U.S.)


• Fujitsu Limited (Japan)


• International Business Machines Corporation (U.S.)


• Cisco Systems Inc. (U.S.)


• VMware Inc. (U.S.)


• Oracle Corporation (U.S.)


• Google Inc. (U.S.)


• Hewlett-Packard Enterprise (U.S.)


• com (U.S.)

Recent Developments

In 2020, Clear-Scale, a cloud administrations organization in the U.S., has accomplished development inferable from interest in investigation, information examination, and AI. Its cooperation with Amazon worked with its ascent and drew in top-of-the-line clients. The organization has figured out how to raise capital from Cohere Capital for extending its cloud administrations. The new send-off of overseen administration contributions by the organization for its clients dealing with AWS can help its income before very long.

IBM Corporation has consented to obtain Nord cloud Ltd, a Finland cloud oversaw administrations supplier, to handle the opposition in the public cloud marketspace. This can help the previous in acquiring the edge in framework modernization and change to the computerized Eco space.

Report Overview

By Cloud Computing

• Cloud Infrastructure


• Cloud Communication Platform


• Cloud Access Security


• Cloud High Performance Computing


• Cloud Billing

By Service

• IaaS


• SaaS


• PaaS

By Organization Size

• Large Enterprises


• Small and Medium Enterprises

By Industry

• IT & Telecommunication


• Manufacturing


• BFSI


• Retail


• Healthcare


• Government


• Aerospace and Defense


• Others

Report Scope:

Report Attribute/Metric	Details
Market Size	USD 1386.14 billion
CAGR	21.4%
Base Year	2019
Forecast Period	2020-2030
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Cloud Computing, Service, Organization Size, Industry
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	International Business Machines Corporation (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Hewlett-Packard (U.S.), Salesforce.com (U.S.), Oracle Corporation (U.S.), VMware, Inc.(U.S.) , Cisco Systems, Inc. (U.S.), Verizon Wireless (U.S.), and Rackspace Inc. (U.S.)
Key Market Opportunities	The encouragement by nations for embracing digital services.
Key Market Drivers	The penetration of smartphones, smart devices, and other consumer electronic products. Rising expenditure on business applications. Investments on business intelligence

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