Global Public Cloud Market 2020 Insights, Share, Growth and Future Trends

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 Public Cloud 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.

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This report also analyses the impact of Coronavirus COVID-19 on the Public Cloud industry.
Public Cloud refers to a computing service model used for the provisioning of storage and computational services to the general public over the internet. Public Cloud is available for anyone who need to use, may be free or sold on-demand, allowing customers to pay only per usage for the CPU cycles, storage, or bandwidth they consume.

Based on our recent survey, we have several different scenarios about the Public Cloud YoY growth rate for 2020. The probable scenario is expected to grow by a 19.6% in 2020 and the revenue will be US$190.3 billion in 2020 from US$ 159.1 billion in 2019. The market size of Public Cloud will reach US$ xx in 2026, with a CAGR of xx% from 2020 to 2026.

Based on our recent survey, we have several different scenarios about the Public Cloud YoY growth rate for 2020. The probable scenario is expected to grow by a 42.3% in 2020 and the revenue will be US$13.8 billion in 2020 from US$ 9.67 billion in 2019.

According to the type of cloud service, it is mainly divided into IaaS, PaaS, SaaS and other three types, of which SaaS has the largest share, accounting for about 54%, followed by IaaS, accounting for 35%, and has grown rapidly in recent years. PaaS has the least share.

From the perspective of downstream applications of public cloud, software and information technology are the industries that use the most public cloud services, accounting for more than 40%, followed by telecommunications and manufacturing, which account for 12.3% and 11.5%, respectively.

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In 2020, COVID-19 erupts around the world, people are isolated at home, Remote office has become the mainstream or longer-term office method, which on the other hand promotes the growth of global cloud services.

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This release was published on openPR.