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Public Cloud Market Growing At A CAGR Of 22.78% By 2023 : IBM, Amazon, Microsoft, Google, Hewlett-Packard Enterprise, Oracle, Vmware, Cisco Systems, Salesforce,Fujitsu Limited

03-28-2019 11:19 AM CET | IT, New Media & Software

Press release from: Research for Markets

Global  Public Cloud Market

Global Public Cloud Market

Cloud computing enables the provision of cloud computing services such as storage, servers, networking, analytics, and intelligence among others over the Internet via cloud. The companies offering cloud computing services constitute cloud service providers. There are three different types of cloud deployment models- public cloud, private cloud, and hybrid cloud. The cloud services that are offered over a network which is open for public use are covered under the public cloud services.
A public cloud is defined as a cloud computing model, in which a service provider makes resources available such as virtual machines (VMs), applications, and storage services to the general public over the Internet. It is available as a free or pay-per-usage model service. The public cloud market is projected to generate the highest revenue in the near future.

The global public cloud market is expected to reach approximately USD 1,132.88 billion by 2023, growing at a CAGR of 22.78% between 2017 and 2023.

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The major revenue is expected to come from infrastructure as a service (IaaS) and software as a service (SaaS). The major factors driving the public cloud market includes the adoption of public cloud services that save a significant part of their budgets and offer other benefits such as better control over data, information assets, and users.

The major drivers for the public cloud service market are various benefits of cloud technologies. The public cloud services may be offered free or on a pay-per-usage model and offers many features and benefits as ultimate scalability, cost-effective models, and reliability among others. Public cloud service market also includes professional, consulting, support, design, maintenance, and integration services. However, issues associated with data security, data compliance, and data residency may hamper the market in the forecast period.

Key Players
The key players of global public cloud market are,
International Business Machines Corporation, Amazon.com, Inc., Microsoft Corporation, Google Inc., Hewlett-Packard Enterprise, Oracle Corporation, VMware, Inc., Cisco Systems, Inc., Salesforce.com., and Fujitsu Limited

The global public cloud market is expected to grow at 22.78% CAGR during the forecast period 2017–2023. In 2016, the market was led by North America with 61.66% share, followed by Europe and Asia-Pacific with 20.17% and 11.73% market shares respectively. Owing to the increasing number of small and large-sized enterprises where the adoption of cloud computing services is gaining pace across various industry verticals is fueling the market growth in the region.
The global public cloud market has been segmented based on cloud computing, service, organization size, industry, and region.

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On the basis of cloud computing, the market has been segmented into cloud billing, cloud communication platform, cloud access security, cloud high-performance computing, and cloud infrastructure. On the basis of service, the market has been segmented into SaaS, PaaS, IaaS, and others. On the basis of organization size, the market has been bifurcated into large enterprises and small & medium-sized enterprises. On the basis of industry, the market has been segmented into manufacturing, BFSI, healthcare, retail, government, aerospace & defense, IT & telecommunication, and others. By region, the market has been segmented into North America, Asia-Pacific, Europe, and the rest of the world.

Table Of Content
Section 1 Public Cloud Definition
Section 2 Global Public Cloud Market Major Player Share and Market Overview
Section 3 Major Player Public Cloud Business Introduction
Section 4 Global Public Cloud Market Segmentation (Region Level)
Section 5 Global Public Cloud Market Segmentation (Type Level)
Section 7 Public Cloud Market Forecast
Section 8 Public Cloud Segmentation Type
Section 9 Public Cloud Segmentation Industry
Section 10 Public Cloud Cost Analysis
Section 11 Conclusion

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Key Benefits
• This study provides an in-depth analysis of the Public Cloud market with current trends and future forecasts, revealing impending investment pockets.
• This report will help you determine the dominant opportunities by providing information on current and future trends in Public Cloud market
• A comprehensive analysis of the factors limiting and regulating the growth of the Public Cloud market was provided.
• We identified factors that could help change market scenarios, increase opportunities, and identify key companies that could impact this market on a regional scale.
• Key market participants in the market are profiled in this report and strategies are thoroughly analyzed to help them understand the Public Cloud market potential of the market.

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.

Contact:
Mr. A Naidu
Research for Markets
Tel: +44 8000-4182-37 (UK)
Email: alan.naidu@researchformarkets.com

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