Market Overview:
The global cloud computing service market is expected to grow from USD 107.02 billion in 2018 to USD 246.48 billion by 2030, at a CAGR of 12.92% during the forecast period. The growth of this market can be attributed to the increasing demand for cloud-based services due to their scalability and flexibility, and the need for reducing IT costs. The software-as-a-service (SaaS) segment is expected to hold the largest share of the global cloud computing service market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period owing to its growing popularity among small and medium businesses (SMBs).
Product Definition:
Cloud Computing Service is a type of service that allows users to access applications, software and files from remote servers. The service is important because it allows users to access information and applications from any device with an internet connection.
Software-as-a-Service:
Software-as-a-Service (SaaS) is a model in which the software is divided into two parts: the service and the software. The service includes maintenance, security, backup services; while second part - application software - performs a specific task. In SaaS model, third party maintains both parts and provides all necessary services for that particular task.
Platform-as-a-Service:
Platform-as-a-Service (PaaS) is a model in which the developer does not have to build and maintain an infrastructure for hosting applications. In other words, PaaS is an environment where the developer can develop and run web applications without having to invest in maintaining servers, networking, storage etc.
Application Insights:
The private cloud application segment led the market and accounted for more than 54.0% share of the global revenue in 2017. The growth is attributed to the increasing use of private clouds among enterprises to gain advantage over public or hybrid clouds by reducing costs, controlling security, and gaining control over infrastructure design and implementation.
The public cloud computing model is widely adopted by several industries such as media & entertainment, retail, financial services etc., which demands flexible resources on demand with minimal administration effort. This has resulted in increased adoption of public clouds among these sectors leading to higher market penetration compared to other applications.
Hybrid Cloud Computing (HCC) enables seamless resource integration across on-premise data centers.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of technology providers and implementation of innovative technologies. Moreover, increasing demand for high-speed internet services is also expected to drive regional growth over the forecast period.
Asia Pacific is projected to witness significant growth over the next eight years owing to increased adoption by various organizations in countries such as China, Japan, South Korea, and India. Additionally, rising penetration of smartphones coupled with rapid technological advancements will further propel regional demand during the forecast period. Companies such as IBM Corporation; Google Inc.; Microsoft Corporation; Cisco Systems Inc.; Hewlett Packard Enterprise Development LP; Oracle America Inc.; Baidu LLC; Alibaba Group Holding Ltd., etc.
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 these services.
- Rapid adoption of public cloud services by large enterprises due to the benefits they offer such as scalability, flexibility, and agility.
- Emergence of new technologies such as artificial intelligence (AI), machine learning (ML), and blockchain that are being used by many organizations for their operations and are fueling demand for related cloud-based services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Computing Service Market Research Report
By Type
Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service
By Application
Private Clouds, Public Clouds, Hybrid Clouds
By Companies
Amazon, Salesforce.com, VMware, Savvis, Rackspace, IBM, Dell, Cisco, Dell EMC, Oracle, NetSuite, Microsoft
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Computing Service Market Report Segments:
The global Cloud Computing Service market is segmented on the basis of:
Types
Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service
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
Private Clouds, Public Clouds, Hybrid Clouds
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
- Salesforce.com
- VMware
- Savvis
- Rackspace
- IBM
- Dell
- Cisco
- Dell EMC
- Oracle
- NetSuite
- Microsoft
Highlights of The Cloud Computing Service 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:
- Software-as-a-Service
- Platform-as-a-Service
- Infrastructure-as-a-Service
- By Application:
- Private Clouds
- Public Clouds
- Hybrid Clouds
- 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 Service 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.
How you may use our products:
- Correctly Positioning New Products
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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.
Some of the key players operating in the cloud computing service market are Amazon, Salesforce.com, VMware, Savvis, Rackspace, IBM, Dell, Cisco, Dell EMC, Oracle, NetSuite, Microsoft.
The cloud computing service market is expected to grow at a compound annual growth rate of 12.92%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Computing Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Computing Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Computing Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Computing Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Computing Service Market Size & Forecast, 2020-2028
4.5.1 Cloud Computing Service Market Size and Y-o-Y Growth
4.5.2 Cloud Computing Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Software-as-a-Service
5.2.2 Platform-as-a-Service
5.2.3 Infrastructure-as-a-Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Private Clouds
6.2.2 Public Clouds
6.2.3 Hybrid Clouds
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Computing Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Computing Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Software-as-a-Service
9.6.2 Platform-as-a-Service
9.6.3 Infrastructure-as-a-Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Private Clouds
9.10.2 Public Clouds
9.10.3 Hybrid Clouds
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Software-as-a-Service
10.6.2 Platform-as-a-Service
10.6.3 Infrastructure-as-a-Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Private Clouds
10.10.2 Public Clouds
10.10.3 Hybrid Clouds
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Software-as-a-Service
11.6.2 Platform-as-a-Service
11.6.3 Infrastructure-as-a-Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Private Clouds
11.10.2 Public Clouds
11.10.3 Hybrid Clouds
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Software-as-a-Service
12.6.2 Platform-as-a-Service
12.6.3 Infrastructure-as-a-Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Private Clouds
12.10.2 Public Clouds
12.10.3 Hybrid Clouds
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Software-as-a-Service
13.6.2 Platform-as-a-Service
13.6.3 Infrastructure-as-a-Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Private Clouds
13.10.2 Public Clouds
13.10.3 Hybrid Clouds
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Computing Service Market: Competitive Dashboard
14.2 Global Cloud Computing Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon
14.3.2 Salesforce.com
14.3.3 VMware
14.3.4 Savvis
14.3.5 Rackspace
14.3.6 IBM
14.3.7 Dell
14.3.8 Cisco
14.3.9 Dell EMC
14.3.10 Oracle
14.3.11 NetSuite
14.3.12 Microsoft
