Market Overview:
The global cloud computing market is expected to grow from USD 191.01 Billion in 2018 to USD 461.51 Billion by 2030, at a CAGR of 14.1% during the forecast period. The growth of this market can be attributed to the increasing demand for cloud-based services due to the growing need for agility and flexibility in business operations, and rising concerns about data security and privacy. Based on type, the global cloud computing market is segmented into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). IaaS is expected to hold the largest share of the global cloud computing market in 2018 owing to its ability to provide on-demand compute resources that help reduce capital expenditure (CAPEX) and operating expenses (OPEX) for organizations. PaaS offers an efficient way for enterprises to develop, test, deploy, manage, and scale their applications without managing hardware or software infrastructure components themselves; thus it is projectedto grow atthe highest CAGR duringthe forecast period.
Product Definition:
Cloud computing is the ability to access information and applications over the Internet. The importance of cloud computing is that it allows users to access information from any device with an Internet connection, regardless of where they are in the world.
Infrastructure as a service (IaaS):
Infrastructure as a service (IaaS) is an infrastructure model in which the physical hardware devices are replaced by software-based solutions. It provides various benefits such as increased flexibility, scalability and rapid deployment of applications. The IaaS market has been growing at a significant pace owing to its wide adoption in small and medium businesses (SMBS).
Platform as a Service (PaaS):
Platform as a service (PaaS) is an infrastructure-as-a-service model that enables developers to focus on application development while providing cloud providers with the flexibility of deploying applications across multiple environments. PaaS eliminates the need for users to manage their own computing platforms and provides all necessary resources in a single, convenient location. It also offers greater control over costs and utilization rates by allowing enterprises to utilize only those resources they need.
Application Insights:
The large enterprises segment accounted for the largest revenue share of over 40% in 2017. The large enterprise sector can be further divided into public and private institutions. Public institutions include federal agencies, national laboratories, and government-owned corporations; whereas, the private institutions comprise of hospitals and other organizations. These organizations require a high level of security to protect their data as well as comply with various regulations such as the Health Insurance Portability And Accountability Act (HIPAA). As a result, they opt for cloud computing solutions that offer enhanced security against cyberattacks while ensuring regulatory compliance.
The small & medium sized enterprises (SMEs) segment is anticipated to exhibit significant growth over the forecast period owing to increasing demand from this industry's key players such as retail companies and internet service providers among others who require an elastic IT infrastructure on which they can rely during peak hours without having to invest heavily in hardware or software maintenance costs.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to various factors such as increasing investments by governments for developing innovative technologies, presence of major technology players, and high adoption rate of cloud computing solutions among enterprises. Moreover, technological advancements such as Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA) are driving demand for cloud-based services in this region.
Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing to increasing awareness about benefits offered by cloud computing solutions among enterprises and consumers alike. Furthermore, growing penetration of internet users will boost demand for online services which will subsequently drive growth over the forecast period. Additionally, rising government initiatives aimed at promoting digitalization are also expected contribute towards regional growth during the same period (Cloud Computing Journal Report 2016).
Growth Factors:
- Increased demand for cloud-based services from small and medium businesses (SMBs) due to the growing trend of cloud-first strategy among these businesses.
- Proliferation of new cloud service providers, especially in the IaaS market, which is resulting in increased price competition and driving down the cost of using cloud services.
- Rapid adoption of public clouds by large enterprises due to the benefits it offers such as scalability, flexibility, and agility.
- Emergence of new technologies such as artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) that are fueling demand for cloud computing services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Computing Market Research Report
By Type
Infrastructure as a service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
By Application
Government, Small and Medium sized enterprises, Large enterprises,
By Companies
Amazon Web Services, Microsoft Azure, IBM, Aliyun, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, Vmware, DELL, EMC,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Computing Market Report Segments:
The global Cloud Computing market is segmented on the basis of:
Types
Infrastructure as a service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Small and Medium sized enterprises, Large enterprises,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amazon Web Services
- Microsoft Azure
- IBM
- Aliyun
- Google Cloud Platform
- Salesforce
- Rackspace
- SAP
- Oracle
- Vmware
- DELL
- EMC
Highlights of The Cloud Computing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Infrastructure as a service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- By Application:
- Government
- Small and Medium sized enterprises
- Large enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Computing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud computing is a model for enabling ubiquitous, on-demand access to a shared pool of resources that can be used by multiple users simultaneously. Cloud computing allows organizations to reduce the costs and increase the flexibility of their IT infrastructure by leveraging services provided by third-party providers.
Some of the major players in the cloud computing market are Amazon Web Services, Microsoft Azure, IBM, Aliyun, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, Vmware, DELL, EMC.
The cloud computing market is expected to grow at a compound annual growth rate of 14.1%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud Computing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cloud Computing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cloud Computing Market - Supply Chain
4.5. Global Cloud Computing Market Forecast
4.5.1. Cloud Computing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cloud Computing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cloud Computing Market Absolute $ Opportunity
5. Global Cloud Computing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cloud Computing Market Size and Volume Forecast by Type
5.3.1. Infrastructure as a service (IaaS)
5.3.2. Platform as a Service (PaaS)
5.3.3. Software as a Service (SaaS)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cloud Computing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cloud Computing Market Size and Volume Forecast by Application
6.3.1. Government
6.3.2. Small and Medium sized enterprises
6.3.3. Large enterprises
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cloud Computing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cloud Computing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cloud Computing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cloud Computing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cloud Computing Demand Share Forecast, 2019-2026
9. North America Cloud Computing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cloud Computing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cloud Computing Market Size and Volume Forecast by Application
9.4.1. Government
9.4.2. Small and Medium sized enterprises
9.4.3. Large enterprises
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cloud Computing Market Size and Volume Forecast by Type
9.7.1. Infrastructure as a service (IaaS)
9.7.2. Platform as a Service (PaaS)
9.7.3. Software as a Service (SaaS)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cloud Computing Demand Share Forecast, 2019-2026
10. Latin America Cloud Computing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cloud Computing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cloud Computing Market Size and Volume Forecast by Application
10.4.1. Government
10.4.2. Small and Medium sized enterprises
10.4.3. Large enterprises
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cloud Computing Market Size and Volume Forecast by Type
10.7.1. Infrastructure as a service (IaaS)
10.7.2. Platform as a Service (PaaS)
10.7.3. Software as a Service (SaaS)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cloud Computing Demand Share Forecast, 2019-2026
11. Europe Cloud Computing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cloud Computing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cloud Computing Market Size and Volume Forecast by Application
11.4.1. Government
11.4.2. Small and Medium sized enterprises
11.4.3. Large enterprises
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cloud Computing Market Size and Volume Forecast by Type
11.7.1. Infrastructure as a service (IaaS)
11.7.2. Platform as a Service (PaaS)
11.7.3. Software as a Service (SaaS)
11.8. Basis Poit Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cloud Computing Demand Share, 2019-2026
12. Asia Pacific Cloud Computing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cloud Computing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cloud Computing Market Size and Volume Forecast by Application
12.4.1. Government
12.4.2. Small and Medium sized enterprises
12.4.3. Large enterprises
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cloud Computing Market Size and Volume Forecast by Type
12.7.1. Infrastructure as a service (IaaS)
12.7.2. Platform as a Service (PaaS)
12.7.3. Software as a Service (SaaS)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cloud Computing Demand Share, 2019-2026
13. Middle East & Africa Cloud Computing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cloud Computing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cloud Computing Market Size and Volume Forecast by Application
13.4.1. Government
13.4.2. Small and Medium sized enterprises
13.4.3. Large enterprises
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cloud Computing Market Size and Volume Forecast by Type
13.7.1. Infrastructure as a service (IaaS)
13.7.2. Platform as a Service (PaaS)
13.7.3. Software as a Service (SaaS)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cloud Computing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cloud Computing Market: Market Share Analysis
14.2. Cloud Computing Distributors and Customers
14.3. Cloud Computing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Amazon Web Services
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Microsoft Azure
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aliyun
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Google Cloud Platform
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Salesforce
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rackspace
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SAP
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Oracle
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vmware
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DELL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. EMC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
