Public Cloud Market Projected to reach USD 1875.2 Billion Market by 2030 | Riding on Digital Transformation and Data Surge

Digital transformation propels the exponential growth of the Public Cloud Market by harnessing the power of big data, internet penetration, and mobile device proliferation. influx of big data, AI, and ML fuels market expansion by facilitating data monitoring, analysis, and visualization.

The SNS Insider report forecasts a robust trajectory for the Public Cloud Market, indicating a valuation of USD 523.2 billion in 2022, poised to escalate to USD 1875.2 billion by 2030. This surge signifies a staggering Compound Annual Growth Rate (CAGR) of 17.3% between 2023 and 2030.

Market Report Scope:

The public cloud, offered by third-party providers, delivers computing resources via the Internet, operating on a pay-as-you-go model, enabling scalable infrastructure without hefty capital investments. Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure, among others, offer varied services from computing power to intricate analytics tools. Leveraging this technology enhances scalability, flexibility, and efficiency, freeing businesses to focus on core activities while necessitating stringent security and privacy measures.

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Key Players:

The major key players in the Public Cloud Market are Alibaba Group Holding Limited, Amazon Inc., Adobe Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc., SAP SE, Workday Inc., and other players.

Market Analysis:

The rapid evolution of big data, AI, and ML technologies continues to shape the Public Cloud Market, enabling robust data monitoring, analysis, and visualization. This transformative fusion facilitates enhanced accessibility, usability, and visualization of complex data, driving businesses to adopt cloud-based solutions. AI and ML's integration with cloud services streamlines data utilization, bolstering productivity, decision-making, and cost reduction. Market players emphasize R&D, product innovation, and upgrades to leverage this synergy, evident in Microsoft's Azure Health Data Services catering exclusively to PHI. As businesses increasingly adopt AI, ML, and big data, the public cloud market stands poised for expansive growth, revolutionizing digital landscapes.

Segment Analysis:

Software as a Service (SaaS) dominates due to flexible costs and easy maintenance, with PaaS witnessing significant growth, bolstered by technologies like machine learning and IoT. Small and medium enterprises lead cloud adoption, while large enterprises exploit cloud advantages for core business modernization. In end-user segments, BFSI thrives due to secure data management, while manufacturing and healthcare benefit from seamless operations and enhanced services respectively.

Market Segmentation and Sub-Segmentation Included Are:

By Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises

By Service model:
• Infrastructure as a Service
• Platform as a Service
• Software as a Service

By End-User:
• BFSI
• Healthcare
• Retail
• Manufacturing
• Government
• IT
• Telecom
• Others

Key Regional Development:

North America leads in early technology adoption and vendor presence, while Europe attracts substantial cloud investments, especially in the financial sector. The Asia Pacific emerges as the fastest-growing region propelled by China, India, and regional players like Alibaba Group, with hyper scale cloud providers establishing data centers to meet government data sovereignty needs.

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Key Takeaways:

• Digital Transformation Driver: Public cloud's ascendancy rides on digital transformation, harnessing big data and AI for business evolution.
• Market Segment Dynamics: SaaS dominance, SMEs leading adoption, and BFSI's stronghold signal diverse market forces.
• Regional Footholds: North America's tech prowess, Europe's financial cloud hub, and Asia Pacific's rapid growth sculpt market landscapes.

Recent Developments:

• Adobe's AI integration in Experience Cloud
• Microsoft's ESG data management skills expansion
• SAP's cloud transformation support for Apollo Tyres
• IBM's expanded IBM Cloud VPC with vGPUs
• Workday's industry initiative for customer cloud transformations

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Table of Contents:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Public Cloud Market, By Organization Size
9. Public Cloud Market, by Service Model
10. Public Cloud Market, by End-User
11. Regional Analysis
12. Company Profile
13. Competitive Landscape
14. USE Cases and Best Practices
15. Conclusion

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