Global Cloud Computing Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

Cloud computing involves the delivery of hosted services, such as software, servers, storage, analytics, intelligence, and networking over the internet. Cloud computing services are divided into three classes, such as Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). The major factors boosting the growth of the market include the rising adoption of cloud-based services and the rising number of small and medium enterprises across the globe. Rising adoption of the cloud platform is attributed to the faster deployment of new capabilities. Cloud-based platform is adopted by the enterprises across the globe as an effective medium for storing and management of the data.

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Large storage space is required for the commercial data that varies in small & medium-sized enterprises (SMEs) and large enterprises. With the increasing amount of data generated through IoT, many enterprises have shifted their data to the cloud storage by choosing service providers such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Furthermore, in the European Union, the demand for cloud-based services among enterprises has been growing significantly. For instance, according to Eurostat, 26% of EU enterprises used cloud computing in 2018, primarily for e-mails and storage of files, whereas, in 2016, 21% of EU enterprises adopted cloud computing services.

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Global Cloud Computing Market Segmentation

By Deployment Model
• Private Cloud
• Public Cloud
• Hybrid Cloud

By Component
• Hardware
• Software and Services

By Vertical
• Government
• Military & Defense
• BFSI
• Telecom & IT
• Healthcare
• Retail
• Others (Energy and Utilities, Media and Entertainment)

Regional Analysis
• North America
o US
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• Accenture PLC
• Adobe, Inc.
• Akamai Technologies, Inc.
• Alibaba Cloud International
• Amazon Web Services, Inc.
• Apple, Inc.
• AT&T, Inc.
• CenturyLink, Inc.
• Cisco Systems, Inc.
• Citrix Systems, Inc.

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