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Cloud Computing Market - Demand, Investment Feasibility and Forecast 2028 by Top Leading Key Companies are Adobe Inc., Alphabet Inc. (Google Inc.), Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise, IBM Corp., Microsoft Corp., Oracle Corp.,

01-05-2023 08:42 AM CET | IT, New Media & Software

Press release from: The Market Insights

Cloud Computing Market

Cloud Computing Market

The global cloud computing market is estimated to exhibit a CAGR of over 15% during the forecast period. The market growth is attributed to the growing demand for cloud-based business continuity tools and services, increasing inclination of enterprises towards automation and agility, and increased return on investment with lower infrastructure and storage costs. Moreover, the proliferation of digital content and upsurge in internet usage also gives a boost to the market growth. As per the International Telecommunication Union (ITU), the proportion of individuals using the internet globally has increased significantly from 43% in 2016 to 63% in 2021. This has led to an increase in the flow of data, which in turn has significantly driven the demand for cloud computing across the globe.
Market Segmentation

The global cloud computing market has been analyzed on the basis of service model, deployment model, end-use, and region. Based on the service model, the market is segmented into Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). The Software as a Service (SaaS) segment accounted for a prominent share in the market. Based on deployment model, the market is segmented into public, private, and hybrid. The hybrid deployment model is estimated to dominate the global cloud computing market.
Further, on the basis of end-use, the market covers the analysis of BFSI, IT & telecommunication, government & public sector, retail & consumer goods, manufacturing, energy & utilities, media & entertainment, healthcare & life sciences, and others. Among these, BFSI segment is estimated to hold a prominent share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Market Structure and Competition Landscape

The growth of the global cloud computing market is characterized by the presence of players operating in the market. Some of the prominent players that contribute significantly to the market growth include Adobe Inc., Alphabet Inc. (Google Inc.), Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise, IBM Corp., Microsoft Corp., Oracle Corp., Salesforce, Inc., SAP SE, and VMware, Inc., among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Acquisitions and product launches are among the key strategies adopted by major industry players. For instance:-

In February 2022, IBM Corp. acquired Neudesic, an application development, and cloud computing services company. Neudesic has been integrated into the Consulting segment of IBM. The acquisition would further enable strengthening of the IBM's cloud computing solutions offerings.
In September 2021, Health Cloud 2.0 platform was launched by Salesforce. Health Cloud 2.0 facilitates the delivery of enhanced safety to the employees and customers of the company using various modules, including Dreampass, and Contact Tracing. The new product launch would reinforce the revenue stream of Salesforce by broadening product and service offerings.

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Table of Content

Chapter One: Market Introduction

1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation

Chapter Two: Assumptions and Acronyms

Chapter Three: Executive Summary

3.1. Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends

Chapter Four: Research Methodology

Report Customization available as per requirements Request Customization@ https://www.themarketinsights.com/request-customization/265091

Chapter Five: Analysis of COVID-19 Impact and Road Ahead

Chapter Six: Market Indicators and Background

6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, cloud computing adoption, economic conditions, corporate spending, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis

Chapter Seven: Global and Regional Market Dynamics
7.1. Drivers
7.2. Restraints
7.3. Trends
7.4. Opportunities

Chapter Eight: Segmental Analysis

8.1. Global Cloud Computing Market by Service Model
8.1.1. Segment Overview
8.1.1.1. Infrastructure-as-a-Service (IaaS)
8.1.1.2. Platform-as-a-Service (PaaS)
8.1.1.3. Software-as-a-Service (SaaS)
8.2. Global Cloud Computing Market by Deployment Model
8.2.1. Segment Overview
8.2.1.1. Public
8.2.1.2. Private
8.2.1.3. Hybrid
8.3. Global Cloud Computing Market by End-Use
8.3.1. Segment Overview
8.3.1.1. Banking, Financial Services, and Insurance (BFSI)
8.3.1.2. IT & Telecommunications
8.3.1.3. Government and Public Sector
8.3.1.4. Retail and Consumer Goods
8.3.1.5. Manufacturing
8.3.1.6. Energy and Utilities
8.3.1.7. Media and Entertainment
8.3.1.8. Healthcare and Life Sciences
8.3.1.9. Others (Education, Travel and Hospitality, and Transportation and Logistics)
8.4. Global Cloud Computing Market by Region
8.4.1. North America
8.4.2. Latin America
8.4.3. Western Europe
8.4.4. Eastern Europe
8.4.5. Asia Pacific
8.4.6. Middle East & Africa
Chapter Nine: Regional Analysis

Contact us

Jessica Joyal
Contact No. +16146022897
Email: sales@themarketinsights.com
Website: www.themarketinsights.com

About us

Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.

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