openPR Logo
Press release

Cloud Computing Market Size to Be Valued at US$ 1,370.7 Bn by 2031 - Persistence Market Research

03-19-2025 11:13 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

Cloud Computing Market

Cloud Computing Market

Cloud computing has emerged as a fundamental technology reshaping industries across the globe. According to Persistence Market Research's projections, the cloud computing market was estimated at US$ 534.5 Bn in 2024 and is expected to be valued at US$ 1,370.7 Bn by 2031. The market is anticipated to achieve a robust CAGR of 14.4% from 2024 to 2031. The increasing adoption of cloud services across enterprises, advancements in artificial intelligence (AI), and the growing need for scalable IT infrastructure are key factors driving market growth.

Among different service models, Software as a Service (SaaS) dominates the market due to its ease of deployment and cost-effectiveness. Geographically, North America leads the global cloud computing market, owing to the strong presence of cloud service providers and increasing investments in digital transformation initiatives.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): www.persistencemarketresearch.com/samples/34660

■ Key Highlights from the Report

• The global cloud computing market is projected to reach US$ 1,370.7 Bn by 2031, growing at a CAGR of 14.4% from 2024 to 2031.
• North America remains the dominant regional market, driven by large-scale cloud adoption.
• SaaS continues to be the largest segment in cloud computing, accounting for a significant revenue share.
• Increasing demand for hybrid and multi-cloud environments is fueling market expansion.
• AI-driven cloud solutions and edge computing are emerging as major growth trends.
• Regulatory compliance and data security concerns remain challenges for cloud adoption.

■ Market Segmentation

➢ By Service Type

Cloud computing services are categorized into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). SaaS holds the largest market share, as businesses increasingly shift from on-premises solutions to cloud-based applications. IaaS is also growing steadily, fueled by the rising need for scalable storage and computing resources.

➢ By End-User

The cloud computing market serves various industries, including IT & telecom, BFSI, healthcare, retail, manufacturing, and government. The IT & telecom sector is a major contributor, leveraging cloud solutions to optimize data management, enhance collaboration, and improve service delivery. Healthcare is also experiencing rapid cloud adoption, driven by the need for secure patient data storage and telemedicine applications.

■ Regional Insights

➢ North America: North America remains the largest market for cloud computing, with the U.S. leading in cloud adoption. The presence of key players such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, along with a tech-savvy business environment, supports the region's dominance.

➢ Asia-Pacific: Asia-Pacific is witnessing rapid growth in cloud computing, driven by increasing digital transformation efforts in countries like China, India, and Japan. Government initiatives to promote cloud adoption and a growing number of startups utilizing cloud infrastructure are key drivers in this region.

■ Market Drivers, Restraints, and Opportunities.

✅Market Drivers

The growing adoption of cloud-based solutions by enterprises to enhance operational efficiency and reduce IT costs is a primary market driver. The expansion of remote work and increasing investments in AI and machine learning (ML) capabilities further propel the demand for cloud services.

✅Market Restraints

Despite rapid growth, data security concerns and regulatory compliance challenges hinder market expansion. Organizations handling sensitive data must navigate complex data protection laws, which can slow down cloud adoption.

✅Market Opportunities

The increasing integration of AI, IoT, and edge computing with cloud platforms presents significant growth opportunities. Additionally, the shift towards hybrid cloud models, which offer greater flexibility and security, is expected to drive demand in the coming years.

■ Reasons to Buy the Report

✔ Gain in-depth insights into market trends, growth drivers, and challenges.
✔ Understand the competitive landscape and key players in the cloud computing industry.
✔ Explore regional market trends and opportunities in emerging economies.
✔ Access comprehensive segmentation analysis based on service type and end-user industries.
✔ Receive strategic recommendations for investment and business expansion.

■ Frequently Asked Questions (FAQs)

(1) How Big is the Market?
(2) Who are the Key Players in the Global Market for Cloud Computing?
(3) What is the Projected Growth Rate of the Market?
(4) What is the Market Forecast for 2031?
(5) Which Region is Estimated to Dominate the Industry through the Forecast Period?

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): www.persistencemarketresearch.com/samples/34660

■ Company Insights

Key Players

• Amazon Web Services (AWS)
• Microsoft Azure
• Google Cloud
• IBM Cloud
• Oracle Cloud
• Alibaba Cloud
• Salesforce
• SAP

■ Recent Developments

• AWS announced expanded AI-powered cloud services to enhance automation capabilities for businesses.

• Google Cloud introduced a new security framework aimed at improving data protection across hybrid cloud environments.

■ Conclusion

The cloud computing market is poised for substantial growth, driven by increasing enterprise cloud adoption, advancements in AI and IoT, and the rise of hybrid cloud models. North America continues to lead, while Asia-Pacific emerges as a high-growth region. With ongoing innovations and investments, cloud computing will remain a transformative force across industries in the coming years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cloud Computing Market Size to Be Valued at US$ 1,370.7 Bn by 2031 - Persistence Market Research here

News-ID: 3924172 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Cloud

Government Service Cloud Market SWOT Analysis by Leading Key Players: Google Clo …
HTF MI just released the Global Government Service Cloud Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major companies profiled in Government Service Cloud Market are: Amazon Web
Cloud Model Hosting Platform Market Size, Status, Global Outlook 2025 To 2033 | …
New Jersey, United States: The latest research study by Infinity Business Insights, titled 'Global Cloud Model Hosting Platform Market,' 118 analysis on business strategies adopted by key and emerging industry players. It provides insights into current market developments, trends, technologies, drivers, opportunities, and overall market outlook. Understanding various segments is crucial for identifying the factors that drive market growth. Some of the major companies featured in this report include Amazon Web
AI Supercomputing Cloud Market to Witness Huge Growth by 2029 | AWS, Oracle, Mic …
The AI Supercomputing Cloud Market a detailed study added to provide most recent insights about critical reports of the Global AI Supercomputing Cloud market. This report provides a detailed overview of key factors in the AI Supercomputing Cloud Market and factors such as driver, limitation, past and current trends, guiding scenarios, and technology development. In addition, AI Supercomputing Cloud Market attractiveness according to country, end-user, and other measures is also
Open Cloud Services Market Size in 2023 To 2029 | Google Cloud - T-Systems - IBM …
The Open Cloud Services market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing manufacturers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6778415 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝
Mini Program Development Services Market Size in 2023 To 2029 | Tencent Cloud, A …
The Mini Program Development Services market report provides valuable insights for new entrants and stakeholders, offering a comprehensive understanding of market dynamics. It analyzes the competitive landscape and future market scenarios using tools like Porter's five forces and parent/peer market analysis. The report evaluates the product portfolios and services of key market players in detail. It also examines the impact of government regulations during the Covid-19 pandemic and provides market
Customized Cloud Service Market May See a Big Move | IBM Cloud, Oracle Cloud, Al …
Global Customized Cloud Service Market Growth (Status and Outlook) 2023-2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Customized Cloud Service Market. Some of the key players profiled in the study are Google