Press release
Cloud Services Market 2024 Share, Size, Trends And Opportunities 2033
Cloud Services Market
The Business Research Company presents an extensive market research report on the Cloud Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The cloud services market size has grown steadily in recent years. It will grow from $452.59 billion in 2023 to $475.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increased internet penetration, growing adoption of cloud in smes, technological development, emphasis on reducing it infrastructure costs, government initiatives, and low-interest rate environment.
The cloud services market size is expected to see strong growth in the next few years. It will grow to $666.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rising adoption of cloud services in developing regions, internet of things (iot), covid-19 outbreak, increasing smart cities, and rising penetration of e-commerce. Major trends in the forecast period include increasing focus on virtual desktop solutions, implementing artificial intelligence (ai), collaborating with other cloud service providers, research and development in quantum computing, including public cloud platform in their offerings, investing in research and development for innovations, and building green data centers or outsource cloud services with green data centers to save costs.
Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=3569&type=smp
Key Market Players:
Major companies operating in the cloud services market report are Amazon, Microsoft Corporation, IBM Corporation, Oracle Corporation, Dell Technologies Inc., Salesforce, SAP, Alphabet Inc., Alibaba Group Holding Limited, Nippon Telegraph And Telephone Corp, Kingsoft Corporation, UCloud Information Technology, Tencent Cloud, KingCloud, Fujitsu Ltd., Hitachi Ltd., KDDI Corporation, Infosys Technologies Ltd., Tata Consultancy Services, Cisco Systems, Zenith Infotech Limited, DigitalOcean, Inc., Wipro Ltd, NetApp India Pvt Ltd., SAVVIS Australia Pty Ltd, OVH, CloudSigma AG, Capgemini SE, Castleton Technology PLC, Caretower Ltd, Niu Solutions, HPE United Kingdom, SiteGround, CROC Incorporated, Servionica, Comarch, Onlanta Ltd., Red Hat, Inc., Google LLC, Adobe Inc., Claro, Locaweb, AllCloud Platforms Ltd, Commtouch, Visual Tao, Libox, LiveRoute
Market Drivers:
Growing adoption of online gaming is expected to propel the growth of the cloud services market going forward. Online gaming refers to video games that are played over the internet or any other computer network available. Cloud services are used in online gaming to provide platform-independent gaming, accessibility, scalability, cost-effectiveness, convenience, and an improved gaming experience. For instance, in March 2023, according to a blog shared by CyberCrew UK, a UK-based online audio and video media company, the number of gamers in the UK had grown by 63% since the 2021 lockdown. Consumers who play video games spent $5.2 billion on them in 2020. It is the first-time video game sales in the UK have surpassed $5 billion. By 2025, revenue might reach $7.6 million. Therefore, growing adoption of online gaming is driving the growth of the cloud services market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/cloud-services-global-market-report
The cloud services market covered in this report is segmented -
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 Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organisation Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Other Applications
5) By End-User Industry: BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Other End User Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cloud Services Market 2024 Share, Size, Trends And Opportunities 2033 here
News-ID: 3375961 • Views: …
More Releases from The Business research company
Top Players and Competitive Environment in the Carbon Dioxide Recycling Methanol …
The carbon dioxide recycling methanol market is poised for remarkable expansion as the world intensifies efforts toward sustainability and carbon neutrality. With increasing emphasis on reducing greenhouse gas emissions and boosting renewable energy sources, this market is set to play a pivotal role in the global transition to cleaner fuels and circular carbon economies. Here's a detailed look at its projected growth, influential players, emerging trends, and segmentation.
Forecasted Market Growth…
Emerging Sub-Segments Transforming the Caprolactam Market Landscape
The caprolactam market is set for significant expansion in the coming years, driven by evolving industrial needs and sustainability initiatives. This report delves into the anticipated growth, key players, emerging trends, and detailed market segmentation to offer a comprehensive view of the sector's future trajectory.
Caprolactam Market Size Forecast Through 2030
The caprolactam market is projected to reach a value of $24.38 billion by 2030, growing at a compound annual…
Emerging Growth Patterns Driving Expansion in the Butyl Acrylate Market
The butyl acrylate market is gaining considerable attention as industries increasingly seek versatile chemical compounds to enhance their products. With its broad utility across coatings, adhesives, and textiles, the market is set for significant growth in the coming years. Let's explore the current market size, the main players, key trends, and segment insights shaping this industry.
Projected Market Size and Growth in Butyl Acrylate
The butyl acrylate market is poised…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Bo …
Boron nitride coatings are gaining increased attention due to their versatile applications and enhanced protective qualities. As industries like automotive, aerospace, and electronics evolve, the demand for advanced coating solutions that can withstand extreme conditions is rising. This overview explores the current market size, key players, important trends, and dominant segments shaping the boron nitride coatings market.
Strong Market Growth Expected for Boron Nitride Coatings by 2030
The boron nitride…
More Releases for Cloud
Government Service Cloud Market SWOT Analysis by Leading Key Players: Google Clo …
HTF MI just released the Global Government Service Cloud Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Government Service Cloud Market are:
Amazon Web…
Cloud Model Hosting Platform Market Size, Status, Global Outlook 2025 To 2033 | …
New Jersey, United States: The latest research study by Infinity Business Insights, titled 'Global Cloud Model Hosting Platform Market,' 118 analysis on business strategies adopted by key and emerging industry players. It provides insights into current market developments, trends, technologies, drivers, opportunities, and overall market outlook. Understanding various segments is crucial for identifying the factors that drive market growth. Some of the major companies featured in this report include Amazon Web…
AI Supercomputing Cloud Market to Witness Huge Growth by 2029 | AWS, Oracle, Mic …
The AI Supercomputing Cloud Market a detailed study added to provide most recent insights about critical reports of the Global AI Supercomputing Cloud market. This report provides a detailed overview of key factors in the AI Supercomputing Cloud Market and factors such as driver, limitation, past and current trends, guiding scenarios, and technology development. In addition, AI Supercomputing Cloud Market attractiveness according to country, end-user, and other measures is also…
Open Cloud Services Market Size in 2023 To 2029 | Google Cloud - T-Systems - IBM …
The Open Cloud Services market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing manufacturers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6778415
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝…
Mini Program Development Services Market Size in 2023 To 2029 | Tencent Cloud, A …
The Mini Program Development Services market report provides valuable insights for new entrants and stakeholders, offering a comprehensive understanding of market dynamics. It analyzes the competitive landscape and future market scenarios using tools like Porter's five forces and parent/peer market analysis. The report evaluates the product portfolios and services of key market players in detail. It also examines the impact of government regulations during the Covid-19 pandemic and provides market…
Customized Cloud Service Market May See a Big Move | IBM Cloud, Oracle Cloud, Al …
Global Customized Cloud Service Market Growth (Status and Outlook) 2023-2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Customized Cloud Service Market. Some of the key players profiled in the study are Google…
