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Distributed Cloud Global Market Report 2024 To 2033 | Alibaba Cloud, Amazon Web Services Inc., CloudSigma AG, DigitalOcean LLC, International Business Machines Corporation
Distributed Cloud Market Share
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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., Accenture* plc, 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.
Distributed Cloud Market 2024 Key Insights:
• 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%.
• Growing Adoption Of Distributed Cloud Services Drives Market Expansion
• Innovation Drives Growth In The Distributed Cloud Market
• North America was the largest region in the distributed cloud market in 2023
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