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Public Cloud Market Poised for 21 % Growth, Set to Hit $1766.26 Billion by 2029
Public Cloud Global Market Report 2025
The growth of the public cloud market is projected to be spurred by the escalating usage of 5G technology. The fifth generation of mobile networks, 5G, is designed to connect virtually everyone and everything, including devices, machines, and objects. This revolutionary technology boosts businesses by providing quicker speeds, decreased latency, and increased capacity, thereby lending support to sophisticated applications such as edge computing, IoT, and AR/VR. Moreover, it improves reliable access to cloud services and virtual computers via mobile devices. For example, a report from 5G Americas, a trade organization in the US comprising leading telecom service professionals and manufacturers, revealed that there were 1.05 billion 5G wireless connections globally in 2022, marking a 76% surge from the previous year's end. This tally is anticipated to climb to 1.9 billion by the close of 2023 and reach 5.9 billion by the end of 2027. Consequently, the increased reliance on 5G is stimulating the expansion of the public cloud market.
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What Is the projected market size and growth rate for the public cloud market?
The size of the public cloud market has seen a swift expansion in the past few years. It's estimated that the worth will increase from $688.33 billion in 2024 to $813.15 billion in 2025, marking a compound annual growth rate (CAGR) of 18.1%. Factors such as enhanced computational abilities, progress in the entertainment sector, product design and prototype development, automobile design and trials, as well as training, education and cost efficiency have all contributed to this historical growth period.
In the coming years, the public cloud market is projected to experience an exponential rise, reaching a value of "$1766.26 billion by 2029, with a compound annual growth rate (CAGR) of 21.4%. The predicted expansion during this period can be credited to the progression in gaming and entertainment demands, progression in autonomous vehicles, advancements in healthcare simulations, environmental simulations and scientific studies. The imminent future is expected to witness significant trends such as industry 4.0 and digital twins, rendering services based on the cloud, cross-industry cooperation, the application of AI and machine learning, and the provision of realism and high-definition graphics.
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What new trends are reshaping the public cloud market and its opportunities?
The primary businesses in the public cloud sector are concentrating on creating technology-forward solutions, such as public cloud platforms. These platforms aim to amplify scalability, flexibility, and cost effectiveness for enterprises. Public cloud platforms are cloud computing services delivered by third-party providers through internet, enabling users to avail and utilize shared utilities including computing power, storage, and connectivity. For example, in September 2024, the American technology firm, Avaya LLC, introduced its Experience Platform (AXP) Public Cloud in India. This platform provides an array of sophisticated customer experience solutions, designed specifically for diverse fields, such as healthcare and telecommunications. Noteworthy features comprise digital access powered by LivePerson integration, AI-based self-service facilities via the Virtual Agent Ready framework, as well as comprehensive customer support facilitated by the AI assistant 'Avaya Ada'. Additionally, the platform brings to table analytics instruments through collaborations with Microsoft's Power BI and Calabrio aimed at enhancing workforce engagement.
What major market segments define the scope and growth of the public cloud market?
The public cloud market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Service: Business Process Services (BPaaS), Application Infrastructure Services (PaaS), Application Services, Management And Security Services, Systems Infrastructure Services (IaaS), Advertising
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Discrete Manufacturing, Professional Services, Banking, Process Manufacturing, Retail, Other End-Users
Subsegments:
1) By Hardware: Servers, Storage Devices, Networking Equipment
2) By Software: Cloud Management Software, Virtualization Software, Security Software, Analytics And Monitoring Software
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Which region dominates the public cloud market?
North America was the largest region in the public cloud market in 2024. It is expected to be the fastest-growing region in the global public cloud market during the forecast period. The regions covered in the public cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the public cloud industry growth?
Major companies operating in the public cloud market include International Business Machines Corporation, Amazon Web Services Inc., Salesforce Inc., Oracle Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc., VMware Inc., Verizon Wireless Inc., SAP SE, Rackspace Technology Inc., Fujitsu Limited, CenturyLink Inc., Alibaba Group, NTT Communications Corporation, Workday Inc., Faction Global Infotech Pvt. Ltd., DigitalOcean Holdings Inc., Vultr, Linode LLC, OVH Groupe SA, Joyent Inc., Virtustream Inc., Interoute Communications Ltd., BT Group, Sungard Availability Services, NaviSite Inc., Expedient, Lunavi Inc., Phoenix NAP LLC
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What Is Covered In The Public Cloud Global Market Report?
• Market Size Forecast: Examine the public cloud market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the public cloud market for a structured understanding.
• Key Players Overview: Analyze major players in the public cloud market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the public cloud market.
• Segment Contributions: Evaluate how different segments drive overall growth in the public cloud market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the public cloud market.
• Industry Challenges: Identify potential risks and obstacles affecting the public cloud market.
• Competitive Landscape: Review strategic developments in the public cloud market, including expansions, agreements, and new product launches.
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