Distributed Cloud Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Distributed Cloud Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.78 billion In 2028 At A CAGR Of 21.3% :

The distributed cloud market size has grown rapidly in recent years. It will grow from $4.17 billion in 2023 to $4.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to growth in edge computing and iot applications, demand for low latency and high-performance computing, expansion of 5g networks, adoption of hybrid and multi-cloud strategies, emphasis on data sovereignty and regulatory compliance
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The distributed cloud market size is expected to see exponential growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to increasing integration of artificial intelligence in distributed cloud, increased adoption in edge computing environments, growth in remote work and decentralized operations, expansion of distributed cloud for augmented reality (ar) and virtual reality (vr), emphasis on edge security and privacy in distributed cloud. Major trends in the forecast period include development of edge-native and cloud-native applications, integration of containerization and orchestration technologies, rise of decentralized cloud marketplaces and ecosystems, adoption of serverless computing in distributed cloud environments, focus on sustainability and green computing in distributed cloud solutions.

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Distributed Cloud Market Major Segments
The distributed cloud market covered in this report is segmented -

1) By Type: Public-Resource Computing, Volunteer Cloud Computing
2) By Service Type: Data Security, Data Storage, Networking, Autonomy, Other Service Types
3) By Enterprise Size: Large Enterprises, Small and Medium-Sized Enterprises
4) By Application: Edge Computing, Content Delivery, Intelligent Transportation, Other Applications
5) By Industry Vertical: Banking, Financial Services and Insurance, Government and Defence, Retail and E-Commerce, Healthcare, IT and Telecom, Manufacturing, Media and Entertainment, Other Industry Verticals

Key Driver - Growing Adoption Of Distributed Cloud Services Drives Market Expansion

The adoption of distributed cloud by end-user industries is expected to boost the growth of the distributed cloud market going forward. A distributed cloud service is a public cloud that operates in multiple locations. This distribution of services enables an organization to satisfy extreme specific requirements for response time and performance, regulatory or governance compliance mandate, or other demands requiring cloud infrastructure to be situated anywhere other than the cloud provider's typical availability zones. It offers benefits including increased compliance and uptime, scalability & flexibility, and faster processing, and performance. These advantages encourage organizations to adopt distributed cloud computing. For instance, in January 2023, according the data released by Google Cloud Platform a US-based provider of cloud platform for enterprises, 26% of enterprises reported using multiple public clouds in 2022, up from 21% in 2021. Therefore, the adoption of distributed cloud by end-user industries will drive the distributed cloud market.

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Prominent Trend - Innovation Drives Growth In The Distributed Cloud Market

Technological innovation is a key trend gaining popularity in the distributed cloud market. Major companies operating in the distributed cloud market are focused on providing innovative solutions to strengthen their position. For instance, in February 2022, F5, Inc., a US-based company specializing in application security, multi-cloud management, online fraud prevention, and application delivery networking (ADN) launched a Distributed Cloud Web Application and API Protection (WAAP), an innovative software as a service (SaaS) offering that safeguards apps and APIs distributed across clouds and edge sites. Distributed Cloud WAAP is a multi-layered solution that offers web application firewall (WAF) capabilities with distributed denial-of-service (DDoS) mitigation, bot defense, and API protection. It provides strong security capabilities and a streamlined set of controls to manage the capabilities to protect apps and APIs from a variety of threats and fraud by merging formerly disparate features into a conveniently deployed as-a-service solution. Customers can deploy, protect, and run their applications in a cloud-native environment wherever it is required in a data center, across several clouds, in a hybrid cloud, or at the enterprise edge, using the F5 Distributed Cloud Platform.

Distributed Cloud Market Players
Major companies operating in the distributed cloud market report are Alibaba Cloud, Amazon Web Services Inc., CloudSigma AG, DigitalOcean LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Technology, Salesforce Inc., VMware Inc., Google Inc., Pivotal Inc., SAP SE, Verizon Communications Inc., F5 Inc., Axway Inc., Akamai Technologies Inc., Atos SE, BT Group plc, Capgemini SE, Lumen Technologies Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., Cognizant Technology Solutions India Pvt Ltd., DXC Technology Company, Fujitsu Ltd., Hewlett Packard Enterprise, Infosys Limited, NEC Corporation, NTT Communications Corporation, OpenText Corporation, Red Hat Inc., ServiceNow Inc., Siemens AG, Tata Consultancy Services, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, Unisys Corporation, Wipro Limited, Workday Inc., Zoho Corporation., Zscaler Inc., Zuora Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the distributed cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Distributed Cloud Market Report Structure
3. Distributed Cloud Market Trends And Strategies
4. Distributed Cloud Market - Macro Economic Scenario
5. Distributed Cloud Market Size And Growth
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27. Distributed Cloud Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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