Public Cloud Service Market Latest Trends Analysis, Progression Status, Revenue and Forecast to 2030

Public Cloud Service Market size was valued at USD 570.49 Billion in 2023 and the Public Cloud Service Market revenue is expected to reach USD 1447.80 Billion by 2030, at a CAGR of 14.23 % over the forecast period.

Public Cloud Service Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Public Cloud Service industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Public Cloud Service Market Dynamics

Digital transformation in a time to support the expansion of the public cloud services market

Digital transformation efforts are being implemented by organisations globally with the aim of modernising their IT infrastructure, augmenting agility, and improving operational efficiency. By providing scalable, adaptable, and affordable options for managing data, delivering cutting-edge services, and installing apps, public cloud services lay the groundwork for digital transformation. Unmatched flexibility and scalability are provided by public cloud services, enabling companies to quickly scale up or down in response to changing needs and demand fluctuations. Because of its elasticity, businesses may adapt swiftly to changing market conditions, grow with the company, and maximise resource use without having to make large upfront infrastructure investments, which in turn propels the growth of the public cloud service industry.

In order to meet changing consumer demands, industry-specific regulations, and emerging trends, public cloud providers constantly develop and launch new services, features, and capabilities. Organisations may drive innovation, uncover new revenue streams, and get a competitive edge in the public cloud service market by utilising cutting-edge technologies like AI, ML, IoT, and serverless computing. In order to safeguard client data and maintain regulatory compliance, public cloud providers make significant investments in security infrastructure. They provide strong encryption, identity and access control, threat detection, and compliance certifications. Organisations may improve their security posture, reduce risks, and fulfil compliance needs more efficiently than they could with on-premises solutions by utilising the knowledge and resources of cloud providers.

Public Cloud Service Market Segmentation

Public Cloud Service Market, by Delivery Model

Software as a Service (SaaS)
Platform as a Service (PaaS)
Infrastructure as a Service (IaaS)
Others

The market is divided into four segments based on the Delivery Model: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Others. The market was dominated by the Software as a Service (SaaS) segment in 2023, and over the forecast period, it is anticipated to hold the greatest share in the public cloud services market. Within the larger public cloud service sector, Software as a Service (SaaS) is a subset that provides hosted and distributed software applications via the internet. Under this architecture, customers can access apps through an API or web browser, negating the need for intricate on-premises installations or infrastructure management.

Public Cloud Service Market, by Industry

Telecommunications and IT
Retail
Government and Education
Manufacturing
Healthcare
Others

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Public Cloud Service Market Key Players

North America:
1. Amazon Web Services (AWS): Seattle, Washington, United States
2. Microsoft Azure: Redmond, Washington, United States
3. Google Cloud Platform (GCP): Mountain View, California, United States
4. IBM Cloud: Armonk, New York, United States
5. Oracle Cloud: Redwood City, California, United States
6. Salesforce: San Francisco, California, United States
7. VMware Cloud: Palo Alto, California, United States
8. Rackspace Technology: San Antonio, Texas, United States
9. Digital Ocean: New York City, New York, United States
10. Adobe Experience Cloud: San Jose, California, United States
11. Service Now: Santa Clara, California, United States
12. Red Hat OpenShift: Raleigh, North Carolina, United States
13. Cisco Cloud: San Jose, California, United States
14. Dropbox Business: San Francisco, California, United States
15. Nutanix Xi Cloud: San Jose, California, United States
16. Box Platform: Redwood City, California, United States
17. Zendesk Sunshine: San Francisco, California, United States
18. Workday Cloud Platform: Pleasanton, California, United States
19. Akamai Cloud Security: Cambridge, Massachusetts, United States
20. Twilio Cloud Communications: San Francisco, California, United States

Asia Pacific:
21. Alibaba Cloud: Hangzhou, Zhejiang, China
22. Tencent Cloud: Shenzhen, Guangdong, China
23. Baidu Cloud: Beijing, China
24. Huawei Cloud: Shenzhen, Guangdong, China

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Table of content for the Public Cloud Service Market includes:

Part 01: Executive Summary

Part 02: Scope of the Public Cloud Service Market Report

Part 03: Global Public Cloud Service Market Landscape

Part 04: Global Public Cloud Service Market Sizing

Part 05: Global Public Cloud Service Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

While North America remains a dominant force in the Public Cloud Service Market, regions such as Europe, Asia-Pacific, and Latin America are witnessing rapid growth. North America benefits from technological innovation and extensive digital transformation initiatives, driving cloud adoption across industries. Meanwhile, Asia-Pacific is poised for exponential growth, driven by increasing air passenger traffic and investments in airport infrastructure.

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