Cloud Services Market 2021 Technological Enhancement, Specification and Demand - A123 Systems, Automotive Energy Supply Corp, LG Chem, Panasonic, Samsung SDI

Cloud Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030

The cloud services market consists of sales of cloud services by entities (organizations, sole traders and partnerships) that provide cloud services used for the delivery of information technology resources and applications on-demand through an internet platform. Companies in the cloud services market provide access to servers, storage, databases and a broad set of application services managed by a hardware networking. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services. It also includes sales of public cloud services, private cloud services, hybrid cloud services and multi-cloud services offered by providers are included. The cloud services market is segmented into software as a service (SaaS); platform as a service (PaaS); infrastructure as a service (IaaS) and business process as a service (BPaaS).

The global cloud services market is expected to grow from $396.1 billion in 2020 to $467.34 billion in 2021 at a compound annual growth rate (CAGR) of 18%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $798.84 billion in 2025 at a CAGR of 14%.

Top Leading Companies mentioned are

IBM; Microsoft; Amazon; Google; Salesforce

North America was the largest region in the global cloud services market, accounting for 61% of the market in 2020. Western Europe was the second largest region accounting for 21% of the global cloud services market. Africa was the smallest region in the global cloud services market.

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Market Segmentation by Types:           

1) By Type: Software as a service (SaaS); Platform as a service (PaaS); Infrastructure as a service (IaaS); Business Process as a service (BPaaS)      

2) By End-User Industry: BFSI; Media And Entertainment; IT and Telecommunications; Energy And Utilities; Government And Public Sector; Retail And Consumer Goods; Manufacturing; Others     

3) By Application: Storage, Backup, and Disaster Recovery; Application Development and Testing; Database Management; Business Analytics; Integration and Orchestration; Customer Relationship Management; Others    

4) By Deployment Model: Public Cloud; Private Cloud; Hybrid Cloud      

5) By Organisation Size: Large Enterprises; Small And Medium Enterprises               

With technological advances in the cloud computing and continues requirement of updating in-house IT infrastructure, companies are witnessing a rising demand for public cloud platforms. A public cloud is a service based on the standard cloud computing model, in which a service provider makes resources, such as virtual machines (VMs), applications or storage, available to the general public over the Internet. Companies are increasingly opting for public cloud platforms to minimize their costs as public cloud provides services on pay-as-you-go model, the need for organizations to invest in and maintain their own in-house IT resources, and enables scalability to meet workload and user demands.

Interest rates are expected to increase in developed nations, particularly the USA and Europe, between 2018 and 2022, making it harder and more expensive for companies in capital-intensive industries such as cloud services to raise funds for investments in new technologies to deploy IoT and smart cities management. The cloud services market is characterized as requiring fair amount of capital funds to operate, renovate, innovate and expand business. Therefore, changes in the economy such as changes in interest rates are expected to greatly affect the profit margins, cost structures and expansion strategies of the companies in the cloud services market. For instance, the USA Federal Reserve is expected to increase interest rates in 2021. This will in turn hinder the operation and expansion of businesses in the cloud services market.

The outbreak of Coronavirus disease (COVID-19) is expected to drive the cloud services market in the forecast period as increasing number of people are working from home due to lockdowns imposed by governments globally that restrict gathering of people in public places. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in people working from home by accessing work related systems and applications through the cloud. Uncertainty surrounding the duration of the spread of coronavirus is expected to lead to more companies adopting cloud technology to support their employees working from home, thereby driving market growth.

Essential points covered in Global Cloud Services Market2020 Research are: -

What will the market size and the growth rate be in 2020?
What are the key factors driving the global Cloud Services market?
What are the key markets trends impacting the growth of the global Cloud Services market?
What are the challenges to market growth?
Who are the key vendors in the global Cloud Services market?
What are the market opportunities and threats faced by the vendors in the global Cloud Services market?
What are the key outcomes of the five forces analysis of the global Cloud Services market?

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This independent 300 pages report guarantees you will remain better informed than your competition. With over figures examining the Cloud Services market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Cloud Services in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Cloud Services market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Lithium-Ion Batteries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Cloud Services on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Cloud Services Market and assist manufacturers and Cloud Services organization to better grasp the development course of Cloud Services Market.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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