Cloud Computing Market worth $1,414.98 billion by 2030, growing at a CAGR of 15.22% - Exclusive Report by 360iResearch

The "Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Solution (Collaboration & Productivity Suites, Customer Relationship Management, Human Capital Management), Infrastructure, Workload, Deployment, Organization Size, Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Cloud Computing Market to grow from USD 524.76 billion in 2023 to USD 1,414.98 billion by 2030, at a CAGR of 15.22%.

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Cloud computing refers to computing services, including servers, storage, databases, networking, software, analytics, and artificial intelligence, over the Internet. Cloud computing enables organizations to access and utilize IT resources efficiently and effectively. Cloud computing transforms the way businesses operate by offering flexibility, cost savings, enhanced collaboration, and improved security. The increase in digitalization across various end-use sectors and the inclination of businesses toward cloud-based solutions due to their cost-effectiveness and scalability are accelerating the use of cloud computing solutions. Implementing advanced technologies and automation across industrial verticals propels the demand for cloud computing services. However, interoperability issues between different platforms and a lack of technical expertise in managing complex cloud environments may impede their adoption by organizations worldwide. In addition, expanding cloud infrastructure through increased investment from private and government entities is anticipated to encourage the deployment of cloud computing solutions across businesses globally.

The adoption of cloud computing solutions is increasing in the Americas, primarily due to the presence of major providers driving innovation and expanding their infrastructure capacity to cater to rising demands from industries such as finance, healthcare, retail, and government entities. Furthermore, regulatory compliance requirements encourage businesses to adopt private or hybrid cloud solutions in the Americas region. The APAC region is witnessing significant adoption of cloud computing solutions owing to the rapid digital transformation, increasing internet penetration, and a growing number of SMEs leveraging technology-based services. Local governments' initiatives to promote digital infrastructure development serve as a catalyst for market growth in this region. The inclination of industries and business organizations toward Industry 4.0 in EMEA has stimulated strong demand for advanced IT resources and data storage capacities that can be delivered through cloud services. The presence of major IT companies provides the potential for organizations in the EMEA region to adopt cloud computing solutions seamlessly. Additionally, the growing emphasis of countries worldwide on economic diversification strategies has increased investments in data center construction projects, amplifying the potential for cloud computing expansion.

Market Segmentation & Coverage:

This research report categorizes the Cloud Computing Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Service Model, market is studied across Infrastructure as a Service, Platform as a Service, and Software as a Service. The Platform as a Service commanded largest market share of 42.31% in 2023, followed by Infrastructure as a Service.

Based on Solution, market is studied across Collaboration & Productivity Suites, Customer Relationship Management, Human Capital Management, and Supply Chain Management. The Collaboration & Productivity Suites commanded largest market share of 43.51% in 2023, followed by Customer Relationship Management.

Based on Infrastructure, market is studied across Archiving, Computing, Disaster Recovery & Backup, and Primary Storage. The Computing commanded largest market share of 34.77% in 2023, followed by Disaster Recovery & Backup.

Based on Workload, market is studied across Application Development & Testing, Business Analytics, Collaboration & Content Management, Database Management, Enterprise Resource Management, Hypervisor & Edge computing, Integration & Orchestration, and Storage, Backup & Disaster Recovery. The Storage, Backup & Disaster Recovery commanded largest market share of 17.22% in 2023, followed by Application Development & Testing.

Based on Deployment, market is studied across Hybrid Cloud, Private cloud, and Public cloud. The Public cloud commanded largest market share of 42.11% in 2023, followed by Private cloud.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium-sized Enterprises. The Large Enterprises commanded largest market share of 61.83% in 2023, followed by Small & Medium-sized Enterprises.

Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. The Banking, Financial Services & Insurance commanded largest market share of 13.24% in 2023, followed by Information Technology.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Georgia, Illinois, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Washington. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 35.81% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Cloud Computing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Cloud Computing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Cloud Computing Market, highlighting leading vendors and their innovative profiles. These include Adobe Inc., Alibaba Group Holding Limited, Amazon Web Services, Inc., AT&T Inc., Atos SE, Box, Inc., Broadcom Inc., Cisco Systems, Inc., Citrix Systems, Inc., Cockroach Labs, Inc., Dassault Systèmes SE, Dell Inc., DigitalOcean Holdings, Inc., DreamHost, LLC, Dropbox, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Intel Corporation, International Business Machines Corporation, Lenovo Group Limited, Microsoft Corporation, NEC Corporation, NetApp, Inc., NTT Communications Corporation, Nutanix, Inc., NVIDIA Corporation, Oracle Corporation, Rackspace Technology, Inc., Rubrik International, Inc., Salesforce Inc., SAP SE, ServiceNow, Inc., SoftBank Group, Tencent Holdings Ltd., Workday, Inc., and Zoho Corporation Pvt. Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cloud Computing Market, by Service Model
7. Cloud Computing Market, by Solution
8. Cloud Computing Market, by Infrastructure
9. Cloud Computing Market, by Workload
10. Cloud Computing Market, by Deployment
11. Cloud Computing Market, by Organization Size
12. Cloud Computing Market, by Industry
13. Americas Cloud Computing Market
14. Asia-Pacific Cloud Computing Market
15. Europe, Middle East & Africa Cloud Computing Market
16. Competitive Landscape
17. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Cloud Computing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cloud Computing Market?
3. What is the competitive strategic window for opportunities in the Cloud Computing Market?
4. What are the technology trends and regulatory frameworks in the Cloud Computing Market?
5. What is the market share of the leading vendors in the Cloud Computing Market?
6. What modes and strategic moves are considered suitable for entering the Cloud Computing Market?

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