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Distributed Cloud Market is estimated to gain USD 11.2 billion by 2027

09-23-2022 09:43 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Distributed Cloud Market

Distributed Cloud Market

According to MarketsandMarkets, the global Distributed Cloud Market size is expected to grow from USD 4.4 billion in 2022 to USD 11.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.6% during the forecast period.

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Browse in-depth TOC on "Distributed Cloud Market"
211 - Tables
55 - Figures
208 - Pages

Data storage service type to hold largest market share of Distributed cloud in 2022.

The distributed cloud enables business data transfer of any size without any additional fee. It can protect the sovereignty of data in full compliance with GDPR. It offers an AI-powered data lake to keep data in one place by raising the quality of predictive analytics. It is applicable for various use cases using manufacturing, IoT, machine learning, and imaging.

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Small and medium enterprises are likely to adopt distributed cloud solutions at a higher rate during the forecast period.

Cloud solutions offer scalable infrastructure and capabilities for SMEs to meet a sudden demand. SMEs face stiff competition due to a lack of technical skill sets and IT budgets. To overcome these challenges, SMEs are adopting the pay-as-you-go model, which offers the flexibility to manage the IT infrastructure as per their requirement. SMEs are focusing on adopting the hybrid cloud solution, which enables the quick transfer of workload to the public cloud per the requirements, which is likely to drive the adoption of the distributed cloud market.

North America holds the largest market size in 2022

The global distributed cloud market is expected to be dominated by North America, which is considered the most advanced region with regard to the adoption of cloud computing solutions and associated services. The distributed cloud market is expected to observe major growth in the North American region due to increased cloud enablement activities and trends in cloud marketplaces.

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Key Players

The major players for Distributed Cloud Market include Google (US), IBM (US), Microsoft (US), AWS (US), VMware (US), Alibaba Cloud (China), Teradata (US), F5 (US), Cohesity (US), Oracle (US) Commvault (US), SCC (UK) Wind River Systems (US), Cubbit (Italy), PhoenixNAP (US), Pluribus Networks (US), Anyscale(US), Panzura (US), Platform9 (US), Zededa (US), and Hazelcast (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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