COVID-19 Impact on Cloud Computing Market Forecast from 2020-2026, Says QYR

In the current market, industry giants such as Alibaba Cloud and Tencent Cloud have backed up the Group's resource advantages and have jointly occupied a large share of the market. Alibaba Cloud already has a 43.0% share in the market, and Tencent Cloud has an 11.5% share.
The three main types of cloud computing include Infrastructure as a Service, Platform as a Service, and Software as a Service.

Infrastructure as a Service (IaaS)
IaaS contains the basic building blocks for cloud IT. It typically provides access to networking features, computers (virtual or on dedicated hardware), and data storage space. IaaS gives you the highest level of flexibility and management control over your IT resources. It is most similar to the existing IT resources with which many IT departments and developers are familiar.

Platform as a Service (PaaS)
PaaS removes the need for you to manage underlying infrastructure (usually hardware and operating systems), and allows you to focus on the deployment and management of your applications. This helps you be more efficient as you don't need to worry about resource procurement, capacity planning, software maintenance, patching, or any of the other undifferentiated heavy lifting involved in running your application.

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Software as a Service (SaaS)
SaaS provides you with a complete product that is run and managed by the service provider. In most cases, people referring to SaaS are referring to end-user applications (such as web-based email). With a SaaS offering, you don't have to think about how the service is maintained or how the underlying infrastructure is managed. You only need to think about how you will use that particular software.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Cloud Computing Service market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Cloud Computing Service industry.
Based on our recent survey, we have several different scenarios about the Cloud Computing Service YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Cloud Computing Service will reach US$ xx in 2026, with a CAGR of xx% from 2020 to 2026.

According to QYR estimates, in 2018, the size of China's public cloud market will be US $ 7510 million. From 2015 to 2026, the compound growth rate of China's public cloud market will reach xx%. In 2026, the market size will reach xx million US dollars; by 2026, China The market scale of public cloud IaaS, PaaS, and SaaS are USD xx million, USD xx million, and USD xx million respectively. The compound growth rates in 2018-2021 are 41.81%, 39.79%, and 34.72%, respectively. IaaS will continue to be The fastest growing market segment for public cloud.

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