Press release
Cloud Computing Market 2021 Net Worth is US$ 791.48 billion and Forecasts by 2028 | With Top Key Players: Amazon Web Services (AWS), Oracle Corporation, IBM Corporation, Alibaba Group Holding Limited, Microsoft Corporation...
Cloud Computing Market 2021-2028
New study report " Cloud Computing Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.
Market Overview:
The global cloud computing market size was USD 219.00 billion in 2020. The market is projected to reach from USD 250.04 billion in 2021 to USD 791.48 billion in 2028 at a CAGR of 17.9% during the 2021-2028 period.
This information is presented by Fortune Business Insights, in its report, titled, “Cloud Computing Market, 2021-2028.”
According to our researchers, the market growth is majorly navigated by the increasing employment of progressive technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the growing fluctuation of enterprises towards cloud-based solutions.
List of Key Players Profiled in the Report:
Amazon Web Services (AWS) (Washington, U.S.)
Oracle Corporation (California, U.S.)
IBM Corporation (New York, U.S.)
Alibaba Group Holding Limited (Hangzhou, China)
Microsoft Corporation (New Mexico, U.S.)
VMware, Inc. (California, U.S.)
Alphabet Inc. (Google LLC) (California, U.S.)
Rackspace Technology, Inc. (Texas, U.S.)
SAP SE (Walldorf, Germany)
Apple Inc. (California, U.S.)
Request Sample Copy @ https://www.fortunebusinessinsights.com/enquiry/sample/cloud-computing-market-102697
COVID-19 Impact:
Multiplying Cloud-based Solutions amid COVID-19 Pandemic to Support Growth
The ongoing coronavirus pandemic has affected majority countries across the globe. Government and organizations across numerous industries are broadly reliant on IT-associated solutions and services.
Recently, there is a significant upsurge in the demand for online live streaming platforms, such as Netflix, Amazon, Hulu, Spotify, and others, as most of the labor force is following the newly inflicted working schedule of ‘Work From Home’ (WFH) owing to lockdown limitations.
Competitive Landscape:
Key Companies Focus on Inventive Cloud Computing Solutions to Reinforce Competition
Prime players such as Microsoft Corporation, IBM Corporation, Alibaba Group Holding Limited, Oracle Corporation, Amazon Web Services, and Apple, Inc. are fixated on advancing their prevailing product portfolio.
Moreover, these companies are now emerging and delivering cloud-based solutions with inventive technologies such as AI, ML, and others to refine their products and offer augmented solutions to their users.
Segmentation:
On the basis of type, the cloud computing market is fragmented into private cloud, hybrid cloud, and public cloud.
By service, the market is classified into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS).
In terms of industry, the market is categorized into banking, financial services, & insurance (BFSI), government, IT & telecommunications, healthcare, consumer goods & retail, manufacturing, and others. Among the segments, IT & telecommunications is projected to show the largest share during the study period.
Geographically, the market is segmented across five major regions: North America, Latin America, the Middle East & Africa, Asia Pacific, and Europe.
Regional Insights:
North America held the maximum market share in 2020, which was worth USD 78.28 billion and is expected to dominate the market in terms of revenue during the forecast period.
Asia Pacific is probable to exhibit sudden growth during the predicted period. The growth is owing to the increasing demand for cloud-based solutions across production and healthcare industries.
Europe is estimated to display a considerable CAGR during the forecast period. The growth is accredited to the growing start-ups, digital government ventures and supervisory environment, and rising adoption of cloud-based technologies.
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Table Of Content:
Introduction
Definition, By Segment
Research Methodology/Approach
Data Sources
Key Takeaways
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Global Market Share Analysis and Matrix, 2020
Key Market Insights and Analysis, By Segments
Continue….
Also Read As: https://marketresearchreportsfbi.wordpress.com/2021/11/17/cloud-computing-market-industry-analysis-size-share-growth-trends-and-segmentation-2021-to-2028/
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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