Cloud Computing Market

Report Code TC 1228
Published in Dec, 2023, By MarketsandMarkets™
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Cloud Computing Market by Service Model (IaaS, PaaS, SaaS), Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Vertical (BFSI, Telecommunications, Manufacturing, Retail & Consumer Goods) and Region - Global Forecast to 2028

Overview

The global cloud computing market is expected to grow from USD 626.4 billion in 2023 to USD 1,266.4 billion by 2028 at a CAGR of 15.1% during the forecast period. The growth of the cloud computing market is the growing demand of the retail & consumer goods and healthcare & life sciences industries. It has witnessed the fastest growth owing to the increasing adoption of AI, ML, Big Data, edge computing, and 5G technologies. The key reasons for adopting these technologies are that cloud computing can support SaaS, PaaS, and IaaS service models. Cloud computing has become an indispensable part of modern business operations, offering a wide range of benefits driving its rapid adoption. The versatility of cloud computing has led to its adoption across various industries and diverse use cases. Cloud storage services like Amazon S3, Microsoft Azure Blob Storage, and Google Cloud Storage provide scalable and secure storage for data of all types, including documents, images, videos, and files; this eliminates the need for businesses to invest in and maintain on-premises storage infrastructure. PaaS provides developers with a cloud-based platform for building, deploying, and managing applications; this eliminates the need for businesses to invest in and maintain development infrastructure. These are driving factors of the cloud computing market.

Attractive Opportunities in the cloud computing market

ASIA PACIFIC:

Backup and disaster recovery are two of the most popular and important uses of the IaaS service model. Backup involves creating extra copies of data to keep it secure, while disaster recovery involves strategy and procedures for speedily restoring access to IT resources, such as apps and data, following an outage. Backup and disaster recovery applications protect enterprise application data during disasters.

India is expected to be one of the fastest-growing markets for adopting cloud computing, solutions. Enterprises in India are also witnessing the long-term benefits of migrating companies’ workloads to the cloud, further boosting the adoption of cloud technology in the country.

Siemens offers cloud-based predictive maintenance solutions for the power industry, helping utilities extend asset lifespan and reduce maintenance costs. The Singapore government is using hybrid cloud that combines on-premises infrastructure with cloud services to meet its requirements.

China is the fastest-growing economy in Asia Pacific. It has laid its foundation in the development of cloud computing services. China's growing economy and increasing technological developments in various verticals offer high growth potential for cloud computing vendors.

The Asia Pacific cloud computing market is expected to be worth USD XX billion by 2028, growing at CAGR of XX% during the forecast period. Many countries in the Asia Pacific region were actively pursuing, digital transformation initiatives. This includes modernizing and upgrading their technology infrastructure, adopting Al, ML, IoT, 5G and integrating digital solutions.

Global cloud computing market Dynamics

Drivers: Accelerated spending on cloud

Businesses aim to expand quickly and capture a significant market share. Achieving this goal entails streamlining operations by ensuring data is readily available at every touchpoint. Cloud computing services facilitate business functionalities by providing access to information across all devices anytime and from anywhere. As businesses evolve to meet customers’ needs, the demand for cloud computing services is growing, and their reliability is improving. During the first quarter of 2020, cloud spending rose 37% to USD 29 billion. The increasing need for scalable, secure, dependable, and affordable resources off-premises is driving the demand for cloud computing services. Despite the expected economic slowdown due to the pandemic, cloud spending increased by 19% in 2020, even though IT spending will decline by 8%. According to recent data, corporate spending on cloud computing is growing at double-digit rates as chief information officers and other tech leaders choose cutting-edge features such as artificial intelligence that are more expensive than standard business apps. Due to the current macroeconomic conditions, cloud leaders are increasingly using cloud-based services (42%), planning to migrate from legacy software to cloud-based tools (33%), and migrating on-premises workloads to the cloud (32%).

Restraint: Lack of technical knowledge and expertise

Organizations require staff with technical skills and knowledge to implement, process, analyze, and secure cloud solutions. However, there is a severe scarcity of technical skills among IT workers, particularly in cloud computing. This lack of expertise is causing companies to miss out on the benefits of the cloud and emerging technologies, ultimately leading to a loss of market share and revenue. Companies struggle to find suitable candidates due to challenges, including rapid hiring processes, high wages for experienced cloud workers, and difficulty finding individuals who align with the organization’s culture. If the shortage of cloud workers continues, the company’s growth engines could sputter. Despite 80% of IT leaders recognizing that the lack of skilled workers prevents companies from expanding their modern software engineering and cloud environments, over 90% plan to achieve this goal.

Opportunities: Adoption of IoT and connected devices

The technological landscape evolves with innovations added every day. Two of the closely related future internet technologies are IoT and cloud computing. IoT provides a foundation for cloud computing to succeed. IoT devices produce data that must be collected and processed locally or remotely on a server. In many IoT applications, remote data hosting and analytics are more practical and cost-effective solutions. As IoT and cloud computing continue to expand, there is also a growing interest in edge computing. Edge computing can help reduce the demand for cloud storage by pre-filtering data and sending only some of it to distant servers.Moreover, edge computing has enormous promise for real-time data analytics. In the future, it is likely to work in conjunction with IoT devices and cloud computing, providing an even better framework for the constantly growing data streams from massive IoT applications. However, moving all data processing and storage back to the edge is impractical for most businesses.

Challenges: High complexity due to the adoption of multi-cloud model

Lean IT teams are facing new challenges in addressing their current difficulties. Businesses have traditionally focused on cost control, efficiency improvement, and process optimization. However, the pandemic has forced them to prioritize deployments, leading to a rush towards public cloud solutions without adequate due diligence; this has resulted in increased complexity, higher costs, and less flexibility, with little focus on achieving strategic business goals. According to a recent study, 87% of respondents agree that managing mixed-cloud infrastructures is essential for multi-cloud success. As multi-cloud deployments become more common, organizations face various challenges in managing cloud resources. Cloud computing operates at multiple levels, each with its best practices and deployment rules, making it difficult to use in multi-cloud scenarios. The complexity of managing cloud resources increases with each additional cloud environment used. The management burden also increases with the number of public cloud vendors used, as no industry standards exist. Therefore, it is crucial to review the security measures of each vendor and understand the breadth of their security measures before signing up for multi-cloud services.

Global cloud computing market Ecosystem Analysis

Based on the deployment model, the hybrid cloud segment significantly contributes the highest CAGR to the cloud computing market during the forecast period. Hybrid cloud in cloud computing refers to an IT architecture incorporating some degree of workload portability, orchestration, and management across two or more environments, including on-premises data centers, private clouds, and public clouds. The hybrid cloud model allows organizations to take advantage of the benefits of both private and public clouds, providing greater flexibility, scalability, and optimization of resources. A hybrid cloud will enable organizations to move applications and workloads between private and public clouds based on specific needs. This flexibility is valuable for managing varying demands and optimizing costs. A hybrid cloud provides the capability to have redundant and backup systems across different environments. In case of a failure or disaster in one location, workloads can be shifted to another environment, ensuring business continuity. A hybrid cloud allows organizations to optimize costs by choosing the most cost-effective platform for each workload. It also enables a pay-as-you-go model for resources consumed from public clouds.

Based on the vertical, the BFSI segment holds a significant cloud computing market share during the forecast period.

Payment gateways, online fund transfers, digital wallets, and unified customers play a significant role in the BFSI industry, facilitating the transition to cloud deployment. BFSI companies have started using Infinity Distribution Services, a suite of cloud-based banking distribution services launched by Switzerland-based company Temenos. The company leverages AI to modernize its legacy systems into digital platforms. These platforms would enable banks to offer digital onboarding services, fund authorization, marketing, and other services that banks of any size can deploy in any pandemic. Additionally, MACIF Group, a French mutual insurance provider, has deployed Microsoft’s G Suite for over 8,000 employees to ensure business continuity. This deployment has allowed employees to shift from in-person to more than 1,300 Google Meet video meetings daily. Regulatory Compliance and Reporting- Cloud-based compliance solutions help banks manage and maintain compliance with complex and ever-changing regulatory requirements. These solutions automate compliance tasks, provide real-time reporting, and ensure adherence to data privacy regulations. Mobile Payments and Transfers- Cloud-based solutions facilitate secure and convenient mobile payments, money transfers, and bill payments, enabling customers to manage their finances seamlessly from their smartphones or tablets.

ASIA PACIFIC Region Holds the Largest Share of the cloud computing market.

The adoption of advanced technologies, such as IoT and AI, edge computing, and 5G across verticals will drive the growth of the cloud computing market in the Asia Pacific. The increasing investments from private sectors, robust government support, and availability of a vast population drive the growth of new and emerging technologies in the Asia Pacific. Many countries in the Asia-Pacific region are embracing AI and machine learning technologies across industries, including finance, healthcare, retail, and manufacturing. Japan is one of the most advanced countries in terms of ICT development. It has always been a frontrunner in adopting advanced technologies like IoT, LTE, SDN, and AI. With the expansion in public cloud technologies, many enterprises in Japan want to switch their core applications to the cloud. With migration toward the cloud over the next five years, IaaS and PaaS are likely to surpass the growth of the SaaS model, which would increase the adoption rate of cloud computing in the region. According to secondary data, the country has been ranked second on the Global Cloud Computing Scoreboard. Therefore, Japanese companies are the main reason for promoting R&D investments for technological advancements. The expansion of the cloud computing market in Australia is due to the prevalence of numerous channel partners in the region, including VAR distributors, and their ongoing efforts to assist customers in switching to the cloud. The country presents attractive opportunities for cloud-based technologies due to the availability of advanced and reliable cloud infrastructure. Most MSPs in Australia are helping enterprises navigate various cloud options and migrate the existing workloads to multiple cloud environments, leading to the growing adoption of the multi-cloud strategy in Australia.

Recent Developments of cloud computing market industry

  • In January 2023, the Apsara Developer Community, a new center developed to help worldwide developers through an increased offering of different developer tools and services, was unveiled by Alibaba Cloud. It aspires to foster the continued expansion of the developer community while facilitating the advancement of the digital economy across markets. In October 2023, BT and Google Cloud launched a new relationship centered on a more substantial commitment to cybersecurity innovation. BT would become a managed services delivery partner for Google’s Autonomic Security Operations (ASO) product based on Google Chronicle as part of the partnership.
  • In June 2023, IBM acquired Agyla SAS. To extend IBM Consulting’s localized cloud expertise for French clients, IBM bought Agyla SAS, a leading cloud professional services provider in France. The acquisition will broaden IBM’s hybrid multi-cloud services portfolio and enhance the company’s hybrid cloud and AI ambitions in the region.

Key Market Players

KEY PLAYERS IN THE cloud computing market INCLUDE

  • AWS (US)
  • Microsoft (US)
  • IBM (US)
  • Google (US)
  • Alibaba Cloud (China)
  • SAP (Germany)
  • Salesforce (US)
  • Oracle (US)
  • Adobe (US)
  • Workday (US)
  • Fujitsu (Japan)
  • VMware (US)
  • Rackspace (US)
  • DXC (US)
  • Tencent Cloud (China)
  • NEC (Japan)
  • DigitalOcean (US)
  • Joyent (US)
  • Skytap (US)
  • OVH (France)
  • Navisite (US)
  • CenturyLink (US)
  • Infor (US)
  • Sage (UK)
  • Intuit (US)
  • OpenText (Canada)
  • Cisco (US)
  • Box (US)
  • Zoho (US)
  • Citrix (US)
  • Epicor (US)
  • Upland Software (US)
  • ServiceNow (US)
  • IFS (Sweden)
  • App Maisters (US)
  • Zymr (US)
  • JDV Technologies (India)
  • Tudip Technologies (India)
  • Visartech (US)
  • Cloudflex (Nigeria)
  • Cloudways (Malta)
  • Vultr (US)
  • pCloud (Switzerland)

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Scope of the Report

Report Attribute Details
Market size available for years 2018–2028
Base year considered 2022
Forecast period 2023–2028
Forecast units Billion (USD)
Segments Covered Service Model, Deployment Model, Organization Size, Vertical, and Region
Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Skytap (US), OVH (France), Navisite (US), CenturyLink (US), Infor (US), Sage (UK), Intuit (US), OpenText (Canada), Cisco (US), Box (US), Zoho (US), Citrix (US), Epicor (US), Upland Software (US), ServiceNow (US), IFS (Sweden), App Maisters (US), Zymr (US), JDV Technologies (India), Tudip Technologies (India), Visartech (US), Cloudflex (Nigeria), Cloudways (Malta), Vultr (US), and pCloud (Switzerland).

Key Questions Addressed by the Report

How big is the cloud computing market?
The global cloud computing market size is expected to grow from USD 626.4 Billion in 2023 to USD 1,266.4 Billion by 2028 at a CAGR of 15.1% during the forecast period.
Which region has the highest market share in the cloud computing market?
North America has the highest market share in the cloud computing market.
What is the market definition of the cloud computing market?
Cloud computing is the on-demand delivery of IT resources over the Internet with pay-as-you-go pricing. Instead of buying, owning, and maintaining physical data centers and servers, users can access technology services, such as computing power, storage, and databases, on an as-needed basis from a cloud provider.
Who are the major vendors in the cloud computing market?
AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), are some of the key vendors in the market.
What are the drivers in the cloud computing market?
Many organizations are adopting AI to train machines, optimize resource utilization, and achieve better results. However, they often lack the expertise to implement this technology in their business functions. Cloud technology is accelerating the deployment of AI on a large scale, resulting in increased spending on AI. Cloud computing services provide automated tools that offer enhanced scalability and agility, enabling organizations to achieve appropriate automation levels. These services automate repetitive tasks and allow employees to perform other essential business tasks. Analysts and tech companies predict future AI applications with various use cases in many industries. Cloud computing and delivery strategies will play a crucial role in shaping the utilization of AI use cases. So, the demand for AI is driving the growth of the market.
What are some challenges in the cloud computing market?
One of the most challenging difficulties is the risk of vendor lock-in. The lack of industry standards has made vendor lock-in a significant obstacle to adopting cloud computing. Technological solutions and initiatives are trying to address this issue. However, the complexity of the problem is not realized due to limited research. As a result, many clients are unaware of proprietary standards that prevent them from quickly moving their applications and data from one vendor to another.

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
31
RESEARCH METHODOLOGY
38
EXECUTIVE SUMMARY
54
PREMIUM INSIGHTS
60
MARKET OVERVIEW AND INDUSTRY TRENDS
63
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Accelerated spending on cloud
    - Rising demand for AI
    - Personalized customer experience
    - Need for disaster recovery and contingency plans
    RESTRAINTS
    - Data security and privacy concerns
    - Lack of technical knowledge and expertise
    OPPORTUNITIES
    - Increasing government initiatives
    - Adoption of IoT and connected devices
    CHALLENGES
    - High complexity due to adoption of multi-cloud model
    - Risk of vendor lock-in
  • 5.3 CASE STUDY ANALYSIS
    CASE STUDY 1: ZEOTAP IMPLEMENTED DEVOPS ARCHITECTURE TO IMPROVE PROCESS OPTIMIZATION
    CASE STUDY 2: GHOST TEAM IMPLEMENTED DIGITALOCEAN’S APP TO MEET ITS CLOUD COMPUTING REQUIREMENTS
    CASE STUDY 3: CITRIX CLOUD ENABLED AUTODESK TO ENHANCE ITS DIGITIZATION
    CASE STUDY 4: AWS CLOUD HELPED SIMSCALE SIMULATE COST-EFFECTIVE DESIGNS AND MAKE BETTER-INFORMED DECISIONS
    CASE STUDY 5: ACCENTURE DIGITAL EXPERIENCE REVOLUTIONIZED MINNA BANK
  • 5.4 SUPPLY CHAIN ANALYSIS
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY SOLUTION
    INDICATIVE PRICING ANALYSIS OF CLOUD COMPUTING SOLUTIONS
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGY
    - Containerization
    - Virtualization
    COMPLIMENTARY TECHNOLOGY
    - Internet of Things (IoT)
    - Cybersecurity
    - DevOps
    ADJACENT TECHNOLOGY
    - Artificial Intelligence (AI)
    - Big data
    - Data analytics
    - Machine Learning (ML)
    - 5G
  • 5.9 PATENT ANALYSIS
  • 5.10 TRENDS/DISRUPTIONS IMPACTING BUYERS
  • 5.11 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    - Regulatory implications and industry standards
    - General Data Protection Regulation
    - SEC Rule 17a-4
    - ISO/IEC 27001
    - System and Organization Controls 2 Type II compliance
    - Financial Industry Regulatory Authority
    - Freedom of Information Act
    - Health Insurance Portability and Accountability Act
    REGULATIONS, BY REGION
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.13 KEY CONFERENCES AND EVENTS
  • 5.14 BUSINESS MODEL ANALYSIS
    PAY-AS-YOU-GO
    SUBSCRIPTION MODEL
    FREEMIUM
    CUSTOM PRICING AGREEMENT
CLOUD COMPUTING MARKET, BY SERVICE MODEL
97
  • 6.1 INTRODUCTION
    SERVICE MODEL: CLOUD COMPUTING MARKET DRIVERS
  • 6.2 INFRASTRUCTURE-AS-A-SERVICE (IAAS)
    HIGH FLEXIBILITY AND SCALABILITY TO ALLOW FOR EASY UPGRADES WITHOUT INCURRING LOSSES
    - Primary storage
    - Disaster recovery & backup
    - Archiving
    - Compute
  • 6.3 PLATFORM-AS-A-SERVICE (PAAS)
    PAAS ENABLING QUICK CREATION OF NEW SOFTWARE BY PROVIDING COMPUTATION AND STORAGE INFRASTRUCTURES
    - Application development & platforms
    - Application testing & quality
    - Analytics & reporting
    - Integration & orchestration
    - Data management
  • 6.4 SOFTWARE AS A SERVICE (SAAS)
    SAAS ENSURING ENHANCED SECURITY AND ELIMINATING NEED FOR HARDWARE EXPENDITURE
    - Customer relationship management
    - Enterprise resource management
    - Human capital management
    - Content management
    - Collaboration & productivity suites
    - Supply chain management
    - Other SaaS service models
CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL
124
  • 7.1 INTRODUCTION
    DEPLOYMENT MODEL: MARKET DRIVERS
  • 7.2 PUBLIC CLOUD
    PUBLIC CLOUD TO HELP ORGANIZATIONS MEET THEIR SCALABILITY DEMAND
  • 7.3 PRIVATE CLOUD
    PRIVATE CLOUD TO REDUCE RISKS, SECURITY ISSUES, AND REGULATORY HURDLES ASSOCIATED WITH CLOUD ADOPTION.
  • 7.4 HYBRID CLOUD
    HYBRID CLOUD TO ALLOW MOVING APPLICATIONS AND WORKLOADS BETWEEN PRIVATE AND PUBLIC CLOUDS BASED ON SPECIFIC NEEDS
CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE
131
  • 8.1 INTRODUCTION
    ORGANIZATION SIZE: MARKET DRIVERS
  • 8.2 LARGE ENTERPRISES
    INCREASE IN ADOPTION OF CLOUD COMPUTING IN LARGE ENTERPRISES TO IMPROVE PRODUCTIVITY AND EFFICIENCY
  • 8.3 SMALL AND MEDIUM-SIZED ENTERPRISES
    IMPLEMENTATION OF CLOUD COMPUTING TO REDUCE ADMINISTRATIVE OVERHEAD AND IMPROVED BUSINESS EFFICIENCY FOR SMES
CLOUD COMPUTING MARKET, BY VERTICAL
136
  • 9.1 INTRODUCTION
    VERTICALS: MARKET DRIVERS
  • 9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
    NEED TO DECREASE EXPENSES, ENCOURAGE INNOVATION, AND INCREASE FLEXIBILITY
    BFSI: APPLICATION AREAS
    - Core banking systems
    - Online & mobile banking
    - Risk management & compliance
    - Other BFSI services
  • 9.3 ENERGY & UTILITIES
    ADDRESSING ISSUES RELATED TO CRUDE OIL, STORAGE, AND TRANSPORTATION
    ENERGY & UTILITIES: APPLICATION AREAS
    - Smart grid management
    - Energy monitoring & management
    - Renewable energy forecasting
    - Other energy & utility services
  • 9.4 GOVERNMENT & PUBLIC SECTOR
    NEED FOR GOVERNMENT AGENCIES TO GAIN GREATER VISIBILITY AND FASTER DATA ANALYSIS TO DRIVE MARKET
    GOVERNMENT & PUBLIC SECTOR: APPLICATION AREAS
    - Government infrastructure migration
    - Digital government & e-government services
    - Open data & transparency
    - Other government & public sector services
  • 9.5 TELECOMMUNICATIONS
    DEMAND FOR GREATER NETWORK REACH ACROSS TELECOM PROVIDERS
    TELECOMMUNICATIONS: APPLICATION AREAS
    - Network function virtualization (NFV)
    - Software-defined networking (SDN)
    - Edge computing
    - Other telecommunication services
  • 9.6 IT & ITES
    INVESTMENT IN NEW TECHNOLOGIES TO SPUR INNOVATION AND ATTRACT CONSUMERS
    IT & ITES: APPLICATION AREAS
    - DevOps
    - Big data & analytics
    - IT security & compliance
    - Other IT & ITeS services
  • 9.7 RETAIL & CONSUMER GOODS
    DEMAND FOR BETTER STORAGE, BACKUP, AND SECURITY SERVICES
    RETAIL & CONSUMER GOODS: APPLICATION AREAS
    - eCommerce & online marketplaces
    - Customer relationship management (CRM)
    - Point of sale (PoS) systems
    - Other retail & consumer goods services
  • 9.8 MANUFACTURING
    SEAMLESS DATA MANAGEMENT AND REAL-TIME VISIBILITY OFFERED BY CLOUD COMPUTING SERVICES
    MANUFACTURING: APPLICATION AREAS
    - Supply chain management
    - Product lifecycle management
    - Manufacturing execution systems (MES)
    - Other manufacturing services
  • 9.9 MEDIA & ENTERTAINMENT
    HYBRID OR MULTI-CLOUD DEPLOYMENTS TO ALLOW WORKLOADS TO BE SHIFTED ACROSS PUBLIC AND PRIVATE INFRASTRUCTURES
    MEDIA & ENTERTAINMENT: APPLICATION AREAS
    - Content storage & distribution
    - Media streaming
    - Content production & post-production
    - Other media & entertainment services
  • 9.10 HEALTHCARE & LIFE SCIENCES
    INCREASED FOCUS ON MANAGING PATIENTS’ RECORDS
    HEALTHCARE & LIFE SCIENCES: APPLICATION AREAS
    - Electronic health records (EHRs)
    - Telemedicine & remote patient monitoring
    - Genomic sequencing & bioinformatics
    - Other healthcare & life science services
  • 9.11 OTHER VERTICALS
CLOUD COMPUTING MARKET, BY REGION
166
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    NORTH AMERICA: MARKET DRIVERS
    NORTH AMERICA: RECESSION IMPACT
    US
    - Presence of several cloud computing providers to drive market
    CANADA
    - Presence of knowledgeable and skilled workforce to boost market
  • 10.3 EUROPE
    EUROPE: CLOUD COMPUTING MARKET DRIVERS
    EUROPE: RECESSION IMPACT
    UK
    - Increase in digitalization and rapid surge in mobile devices to accelerate market growth
    GERMANY
    - Need for data governance and high levels of security to fuel market growth
    FRANCE
    - Increase in expansion of cloud-based businesses to drive market
    SPAIN
    - Expansion plans and road maps of "hyper scalars" to drive market
    ITALY
    - Smart city initiatives and digital transformation to fuel market growth
    NETHERLANDS
    - Increase in focus on international trade and favorable regulations to boost market
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    ASIA PACIFIC: CLOUD COMPUTING MARKET DRIVERS
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Low costs and enhanced business efficiencies to boost demand for cloud-based technologies
    JAPAN
    - High involvement of SMEs in cloud adoption to drive market
    AUSTRALIA
    - Rapid technological advancements and high degree of R&D to foster market growth
    SINGAPORE
    - Balanced approach to protecting personal information and facilitating innovation to accelerate market growth
    INDIA
    - Broad customer base and rapid adoption of new technologies to drive market
    SOUTH KOREA
    - Increasing number of vendors and attractive kick-start packages to accelerate market growth
    REST OF ASIA PACIFIC
  • 10.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET DRIVERS
    MIDDLE EAST & AFRICA: RECESSION IMPACT
    GULF CORPORATION COUNCIL (GCC)
    - Quick IT resource deployment, low-cost storage services, and resource monitoring to drive adoption of cloud computing
    - Saudi Arabia
    - Large mobile workforce and growing economy to drive market
    - UAE
    - Qatar
    - Rest of GCC countries
    SOUTH AFRICA
    - High adoption of cloud services by startups due to low costs and operational benefits to propel market
    REST OF MIDDLE EAST & AFRICA
  • 10.6 LATIN AMERICA
    LATIN AMERICA: CLOUD COMPUTING MARKET DRIVERS
    LATIN AMERICA: RECESSION IMPACT
    BRAZIL
    - Need to modernize infrastructure and greater speed in catering to business demands to boost market
    MEXICO
    - Need to enhance employee experience and increase organizational productivity to drive market
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
246
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN
  • 11.3 REVENUE ANALYSIS
  • 11.4 MARKET SHARE ANALYSIS
  • 11.5 PRODUCT/BRAND COMPARISON
  • 11.6 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS
  • 11.7 COMPANY EVALUATION MATRIX
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 11.8 STARTUP/SME EVALUATION MATRIX
    PROGRESSIVE COMPANIES
    RESPONSIVE VENDORS
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING OF STARTUPS/SMES
  • 11.9 COMPANY FINANCIAL METRICS
  • 11.10 KEY MARKET DEVELOPMENTS
    PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
    DEALS
COMPANY PROFILES
268
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYERS
    AWS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MICROSOFT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GOOGLE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ALIBABA CLOUD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IBM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SALESFORCE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ORACLE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SAP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ADOBE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TENCENT CLOUD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 12.3 OTHER PLAYERS
    WORKDAY
    FUJITSU
    VMWARE
    RACKSPACE
    DXC
    NEC
    JOYENT
    DIGITALOCEAN
    SKYTAP
    OVH
    NAVISITE
    CENTURYLINK
    INFOR
    SAGE
    INTUIT
    OPENTEXT
    CISCO
    BOX
    ZOHO
    CITRIX
    EPICOR
    UPLAND SOFTWARE
    SERVICENOW
    IFS
  • 12.4 STARTUPS/SMES
    APP MAISTERS
    ZYMR
    JDV TECHNOLOGIES
    TUDIP TECHNOLOGIES
    VISARTECH
    CLOUDFLEX
    CLOUDWAYS
    VULTR
    PCLOUD
ADJACENT AND RELATED MARKETS
335
  • 13.1 INTRODUCTION
    RELATED MARKETS
  • 13.2 EDGE COMPUTING MARKET
  • 13.3 CLOUD APPLICATIONS MARKET
  • 13.4 FINANCE CLOUD MARKET
APPENDIX
338
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2018–2022
  • TABLE 2 FACTOR ANALYSIS
  • TABLE 3 CLOUD COMPUTING MARKET SIZE AND GROWTH, 2018–2022 (USD BILLION, Y-O-Y %)
  • TABLE 4 MARKET SIZE AND GROWTH, 2023–2028 (USD BILLION, Y-O-Y %)
  • TABLE 5 MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 6 MARKET: AVERAGE PRICING LEVELS (USD)
  • TABLE 7 INDICATIVE PRICING ANALYSIS OF CLOUD COMPUTING SOLUTIONS
  • TABLE 8 TOP TEN PATENT OWNERS
  • TABLE 9 PATENTS GRANTED TO VENDORS IN MARKET
  • TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRY VERTICALS
  • TABLE 15 KEY BUYING CRITERIA FOR TOP INDUSTRY VERTICALS
  • TABLE 16 CLOUD COMPUTING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2023–2024
  • TABLE 17 MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
  • TABLE 18 MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
  • TABLE 19 IAAS: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 20 IAAS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 21 MARKET, BY IAAS, 2018–2022 (USD BILLION)
  • TABLE 22 MARKET, BY IAAS, 2023–2028 (USD BILLION)
  • TABLE 23 PRIMARY STORAGE: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 24 PRIMARY STORAGE: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 25 DISASTER RECOVERY & BACKUP: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 26 DISASTER RECOVERY & BACKUP: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 27 ARCHIVING: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 28 ARCHIVING: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 29 COMPUTE: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 30 COMPUTE: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 31 PAAS: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 32 PAAS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 33 MARKET, BY PAAS, 2018–2022 (USD BILLION)
  • TABLE 34 MARKET, BY PAAS, 2023–2028 (USD BILLION)
  • TABLE 35 APPLICATION DEVELOPMENT & PLATFORMS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 36 APPLICATION DEVELOPMENT & PLATFORMS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 37 APPLICATION TESTING & QUALITY: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 38 APPLICATION TESTING & QUALITY: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 39 ANALYTICS & REPORTING: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 40 ANALYTICS & REPORTING: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 41 INTEGRATION & ORCHESTRATION: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 42 INTEGRATION & ORCHESTRATION: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 43 DATA MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 44 DATA MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 45 SAAS: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 46 SAAS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 47 MARKET, BY SAAS, 2018–2022 (USD BILLION)
  • TABLE 48 MARKET, BY SAAS, 2023–2028 (USD BILLION)
  • TABLE 49 CUSTOMER RELATIONSHIP MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 50 CUSTOMER RELATIONSHIP MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 51 ENTERPRISE RESOURCE MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 52 ENTERPRISE RESOURCE MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 53 HUMAN CAPITAL MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 54 HUMAN CAPITAL MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 55 CONTENT MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 56 CONTENT MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 57 COLLABORATION & PRODUCTIVITY SUITES: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 58 COLLABORATION & PRODUCTIVITY SUITES: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 59 SUPPLY CHAIN MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 60 SUPPLY CHAIN MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 61 OTHER SAAS SERVICE MODELS: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 62 OTHER SAAS SERVICE MODELS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 63 MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 64 MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 65 PUBLIC CLOUD: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 66 PUBLIC CLOUD: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 67 PRIVATE CLOUD: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 68 PRIVATE CLOUD: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 69 HYBRID CLOUD: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 70 HYBRID CLOUD: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 71 MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 72 MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 73 LARGE ENTERPRISES: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 74 LARGE ENTERPRISES: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 75 SMES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 76 SMES: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 77 MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
  • TABLE 78 MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 79 BFSI: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 80 BFSI: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 81 ENERGY & UTILITIES: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 82 ENERGY & UTILITIES: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 83 GOVERNMENT & PUBLIC SECTOR: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 84 GOVERNMENT & PUBLIC SECTOR: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 85 TELECOMMUNICATIONS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 86 TELECOMMUNICATIONS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 87 IT & ITES: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 88 IT & ITES: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 89 RETAIL & CONSUMER GOODS: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 90 RETAIL & CONSUMER GOODS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 91 MANUFACTURING: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 92 MANUFACTURING: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 93 MEDIA & ENTERTAINMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 94 MEDIA & ENTERTAINMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 95 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 96 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 97 OTHER VERTICALS: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 98 OTHER VERTICALS: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 99 MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 100 MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 101 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
  • TABLE 102 NORTH AMERICA: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
  • TABLE 103 NORTH AMERICA: MARKET, BY IAAS, 2018–2022 (USD BILLION)
  • TABLE 104 NORTH AMERICA: MARKET, BY IAAS, 2023–2028 (USD BILLION)
  • TABLE 105 NORTH AMERICA: MARKET, BY PAAS, 2018–2022 (USD BILLION)
  • TABLE 106 NORTH AMERICA: MARKET, BY PAAS, 2023–2028 (USD BILLION)
  • TABLE 107 NORTH AMERICA: MARKET, BY SAAS, 2018–2022 (USD BILLION)
  • TABLE 108 NORTH AMERICA: MARKET, BY SAAS, 2023–2028 (USD BILLION)
  • TABLE 109 NORTH AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 110 NORTH AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 111 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 112 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 113 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
  • TABLE 114 NORTH AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 115 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
  • TABLE 116 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
  • TABLE 117 US: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 118 US: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 119 US: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 120 US: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 121 CANADA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 122 CANADA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 123 CANADA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 124 CANADA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 125 EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
  • TABLE 126 EUROPE: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
  • TABLE 127 EUROPE: MARKET, BY IAAS, 2018–2022 (USD BILLION)
  • TABLE 128 EUROPE: MARKET, BY IAAS, 2023–2028 (USD BILLION)
  • TABLE 129 EUROPE: MARKET, BY PAAS, 2018–2022 (USD BILLION)
  • TABLE 130 EUROPE: MARKET, BY PAAS, 2023–2028 (USD BILLION)
  • TABLE 131 EUROPE: MARKET, BY SAAS, 2018–2022 (USD BILLION)
  • TABLE 132 EUROPE: MARKET, BY SAAS, 2023–2028 (USD BILLION)
  • TABLE 133 EUROPE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 134 EUROPE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 135 EUROPE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 136 EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 137 EUROPE: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
  • TABLE 138 EUROPE: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 139 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
  • TABLE 140 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
  • TABLE 141 UK: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 142 UK: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 143 UK: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 144 UK: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 145 GERMANY: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 146 GERMANY: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 147 GERMANY: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 148 GERMANY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 149 FRANCE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 150 FRANCE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 151 FRANCE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 152 FRANCE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 153 SPAIN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 154 SPAIN: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 155 SPAIN: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 156 SPAIN: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 157 ITALY: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 158 ITALY: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 159 ITALY: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 160 ITALY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 161 NETHERLANDS: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 162 NETHERLANDS: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 163 NETHERLANDS: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 164 NETHERLANDS: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 165 REST OF EUROPE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 166 REST OF EUROPE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 167 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 168 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 169 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
  • TABLE 170 ASIA PACIFIC: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
  • TABLE 171 ASIA PACIFIC: MARKET, BY IAAS, 2018–2022 (USD BILLION)
  • TABLE 172 ASIA PACIFIC: MARKET, BY IAAS, 2023–2028 (USD BILLION)
  • TABLE 173 ASIA PACIFIC: MARKET, BY PAAS, 2018–2022 (USD BILLION)
  • TABLE 174 ASIA PACIFIC: MARKET, BY PAAS, 2023–2028 (USD BILLION)
  • TABLE 175 ASIA PACIFIC: MARKET, BY SAAS, 2018–2022 (USD BILLION)
  • TABLE 176 ASIA PACIFIC: MARKET, BY SAAS, 2023–2028 (USD BILLION)
  • TABLE 177 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 178 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 179 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 180 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 181 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
  • TABLE 182 ASIA PACIFIC: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 183 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
  • TABLE 184 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
  • TABLE 185 CHINA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 186 CHINA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 187 CHINA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 188 CHINA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 189 JAPAN: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 190 JAPAN: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 191 JAPAN: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 192 JAPAN: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 193 AUSTRALIA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 194 AUSTRALIA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 195 AUSTRALIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 196 AUSTRALIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 197 SINGAPORE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 198 SINGAPORE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 199 SINGAPORE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 200 SINGAPORE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 201 INDIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 202 INDIA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 203 INDIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 204 INDIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 205 SOUTH KOREA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 206 SOUTH KOREA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 207 SOUTH KOREA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 208 SOUTH KOREA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 209 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 210 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 211 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 212 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 213 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
  • TABLE 214 MIDDLE EAST & AFRICA: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
  • TABLE 215 MIDDLE EAST & AFRICA: MARKET, BY IAAS, 2018–2022 (USD BILLION)
  • TABLE 216 MIDDLE EAST & AFRICA: MARKET, BY IAAS, 2023–2028 (USD BILLION)
  • TABLE 217 MIDDLE EAST & AFRICA: MARKET, BY PAAS, 2018–2022 (USD BILLION)
  • TABLE 218 MIDDLE EAST & AFRICA: MARKET, BY PAAS, 2023–2028 (USD BILLION)
  • TABLE 219 MIDDLE EAST & AFRICA: MARKET, BY SAAS, 2018–2022 (USD BILLION)
  • TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY SAAS, 2023–2028 (USD BILLION)
  • TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 222 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 224 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 225 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
  • TABLE 226 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 227 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2018–2022 (USD BILLION)
  • TABLE 228 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 229 GCC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 230 GCC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 231 GCC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 232 GCC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 233 GCC: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
  • TABLE 234 GCC: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
  • TABLE 235 SAUDI ARABIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 236 SAUDI ARABIA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 237 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 238 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 239 UAE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 240 UAE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 241 UAE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 242 UAE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 243 QATAR: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 244 QATAR: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 245 QATAR: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 246 QATAR: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 247 REST OF GCC COUNTRIES: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 248 REST OF GCC COUNTRIES: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 249 REST OF GCC COUNTRIES: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 250 REST OF GCC COUNTRIES: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 251 SOUTH AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 252 SOUTH AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 253 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 254 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 255 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 256 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 257 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 258 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 259 LATIN AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
  • TABLE 260 LATIN AMERICA: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
  • TABLE 261 LATIN AMERICA: MARKET, BY IAAS, 2018–2022 (USD BILLION)
  • TABLE 262 LATIN AMERICA: MARKET, BY IAAS, 2023–2028 (USD BILLION)
  • TABLE 263 LATIN AMERICA: MARKET, BY PAAS, 2018–2022 (USD BILLION)
  • TABLE 264 LATIN AMERICA: MARKET, BY PAAS, 2023–2028 (USD BILLION)
  • TABLE 265 LATIN AMERICA: MARKET, BY SAAS, 2018–2022 (USD BILLION)
  • TABLE 266 LATIN AMERICA: MARKET, BY SAAS, 2023–2028 (USD BILLION)
  • TABLE 267 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 268 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 269 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 270 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 271 LATIN AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
  • TABLE 272 LATIN AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 273 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
  • TABLE 274 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
  • TABLE 275 BRAZIL: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 276 BRAZIL: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 277 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 278 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 279 MEXICO: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 280 MEXICO: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 281 MEXICO: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 282 MEXICO: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 283 REST OF LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
  • TABLE 284 REST OF LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
  • TABLE 285 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
  • TABLE 286 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
  • TABLE 287 CLOUD COMPUTING MARKET: DEGREE OF COMPETITION
  • TABLE 288 BRANDS COMPARISON/VENDOR PRODUCT LANDSCAPE
  • TABLE 289 COMPANY REGION FOOTPRINT
  • TABLE 290 COMPANY SERVICE MODEL FOOTPRINT
  • TABLE 291 COMPANY DEPLOYMENT MODEL FOOTPRINT
  • TABLE 292 COMPANY VERTICAL FOOTPRINT
  • TABLE 293 COMPANY FOOTPRINT
  • TABLE 294 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 295 STARTUP/SME FOOTPRINT, BY REGION
  • TABLE 296 STARTUP/SME FOOTPRINT, BY SERVICE
  • TABLE 297 STARTUP/SME FOOTPRINT
  • TABLE 298 MARKET: PRODUCT LAUNCHES
  • TABLE 299 MARKET: DEALS
  • TABLE 300 AWS: COMPANY OVERVIEW
  • TABLE 301 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 302 AWS: PRODUCT LAUNCHES
  • TABLE 303 AWS: DEALS
  • TABLE 304 MICROSOFT: COMPANY OVERVIEW
  • TABLE 305 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 306 MICROSOFT: PRODUCT LAUNCHES
  • TABLE 307 MICROSOFT: DEALS
  • TABLE 308 GOOGLE: COMPANY OVERVIEW
  • TABLE 309 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 310 GOOGLE: PRODUCT LAUNCHES
  • TABLE 311 GOOGLE: DEALS
  • TABLE 312 ALIBABA CLOUD: COMPANY OVERVIEW
  • TABLE 313 ALIBABA CLOUD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 314 ALIBABA CLOUD: PRODUCT LAUNCHES
  • TABLE 315 ALIBABA CLOUD: DEALS
  • TABLE 316 IBM: COMPANY OVERVIEW
  • TABLE 317 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 318 IBM: PRODUCT LAUNCHES
  • TABLE 319 IBM: DEALS
  • TABLE 320 SALESFORCE: COMPANY OVERVIEW
  • TABLE 321 SALESFORCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 322 SALESFORCE: PRODUCT LAUNCHES
  • TABLE 323 SALESFORCE: DEALS
  • TABLE 324 ORACLE: COMPANY OVERVIEW
  • TABLE 325 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 326 ORACLE: PRODUCT LAUNCHES
  • TABLE 327 ORACLE: DEALS
  • TABLE 328 SAP: COMPANY OVERVIEW
  • TABLE 329 SAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 330 SAP: PRODUCT LAUNCHES
  • TABLE 331 SAP: DEALS
  • TABLE 332 ADOBE: COMPANY OVERVIEW
  • TABLE 333 ADOBE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 334 ADOBE: PRODUCT LAUNCHES
  • TABLE 335 ADOBE: DEALS
  • TABLE 336 TENCENT CLOUD: COMPANY OVERVIEW
  • TABLE 337 TENCENT CLOUD: PRODUCT/SOLUTIONS/SERVICES OFFERED
  • TABLE 338 TENCENT CLOUD: PRODUCT LAUNCHES
  • TABLE 339 TENCENT CLOUD: DEALS
  • TABLE 340 EDGE COMPUTING MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
  • TABLE 341 EDGE COMPUTING MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
  • TABLE 342 CLOUD APPLICATIONS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
  • TABLE 343 FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION)
  • TABLE 344 FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 MARKET: RESEARCH DESIGN
  • FIGURE 2 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
  • FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET: RESEARCH FLOW
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): ILLUSTRATION OF VENDOR REVENUE ESTIMATION
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  • FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM SUPPLY SIDE, COLLECTIVE REVENUE OF VENDORS
  • FIGURE 9 DEMAND-SIDE APPROACH: MARKET
  • FIGURE 10 CLOUD COMPUTING MARKET: DATA TRIANGULATION
  • FIGURE 11 GLOBAL MARKET TO WITNESS SIGNIFICANT GROWTH
  • FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2023
  • FIGURE 13 FASTEST-GROWING SEGMENTS OF MARKET
  • FIGURE 14 RISE OF REMOTE WORK AND GLOBALIZATION TO DRIVE MARKET GROWTH
  • FIGURE 15 SAAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 16 PUBLIC CLOUD DEPLOYMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 18 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
  • FIGURE 19 ASIA PACIFIC EXPECTED TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
  • FIGURE 20 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 21 ENTERPRISE SECURITY ISSUES
  • FIGURE 22 PROGNOSIS OF WORLDWIDE SPENDING ON INTERNET OF THINGS (IOT) FROM 2018 TO 2023 (BILLION USD)
  • FIGURE 23 CLOUD COMPUTING MARKET: SUPPLY CHAIN
  • FIGURE 24 MARKET: ECOSYSTEM
  • FIGURE 25 MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 26 NUMBER OF PATENTS PUBLISHED, 2012–2023
  • FIGURE 27 TOP FIVE PATENT OWNERS (GLOBAL)
  • FIGURE 28 MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
  • FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRY VERTICALS
  • FIGURE 30 KEY BUYING CRITERIA FOR TOP INDUSTRY VERTICALS
  • FIGURE 31 BUSINESS MODEL: CLOUD COMPUTING MARKET
  • FIGURE 32 SAAS SEGMENT TO ACCOUNT FOR LARGEST SIZE DURING FORECAST PERIOD
  • FIGURE 33 COMPUTE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
  • FIGURE 34 DATA MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
  • FIGURE 35 CUSTOMER RELATIONSHIP MANAGEMENT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 36 PUBLIC CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
  • FIGURE 37 LARGE ENTERPRISES TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 38 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 39 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 40 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 41 ASIA PACIFIC: REGIONAL SNAPSHOT
  • FIGURE 42 OVERVIEW OF STRATEGIES ADOPTED BY KEY CLOUD COMPUTING VENDORS
  • FIGURE 43 HISTORICAL FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF KEY CLOUD COMPUTING PROVIDERS
  • FIGURE 44 MARKET SHARE ANALYSIS, 2022
  • FIGURE 45 CLOUD COMPUTING MARKET: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS
  • FIGURE 46 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE
  • FIGURE 47 COMPANY EVALUATION MATRIX
  • FIGURE 48 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
  • FIGURE 49 STARTUP/SME EVALUATION MATRIX
  • FIGURE 50 VALUATION AND FINANCIAL METRICS OF CLOUD COMPUTING VENDORS
  • FIGURE 51 AWS: COMPANY SNAPSHOT
  • FIGURE 52 MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 53 GOOGLE: COMPANY SNAPSHOT
  • FIGURE 54 ALIBABA CLOUD: COMPANY SNAPSHOT
  • FIGURE 55 IBM: COMPANY SNAPSHOT
  • FIGURE 56 SALESFORCE: COMPANY SNAPSHOT
  • FIGURE 57 ORACLE: COMPANY SNAPSHOT
  • FIGURE 58 SAP: COMPANY SNAPSHOT
  • FIGURE 59 ADOBE: COMPANY SNAPSHOT
  • FIGURE 60 TENCENT CLOUD: COMPANY SNAPSHOT

 

The study involved four major activities in estimating the market size for cloud computing. Exhaustive secondary research helped to collect information on the market, peer, and parent markets. The next step was to validate these assumptions, findings, and sizing with the industry experts across the value chain through primary research. Both bottom-up and top-down approaches were employed to estimate the complete market size. After that, we used market breakup and data triangulation to assess the overall market size of segments and sub-segments.

Secondary Research

We determined the market size of companies offering cloud computing solutions and services based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.

In the secondary research process, we referred to various secondary sources for identifying and collecting information for this study. The secondary sources include press releases, annual reports, & investor presentations, white papers, certified publications, articles from recognized associations, and government publishing sources.

We used secondary research mainly to obtain the critical information related to the industry’s value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to offerings of the major players, industry trends related to service model, verticals, and regions, and the key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related executives from cloud computing vendors, industry associations, and independent consultants; and key opinion leaders.

We conducted primary interviews to gather insights, such as market statistics, the latest trends disrupting the market, new use cases implemented, data on revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various technology trends, service models, end users, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and digital initiatives project teams, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current use, which would affect the overall cloud computing market.

Cloud Computing Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

We used the top-down and bottom-up approaches to calculate the cloud computing market and subsegments. We finalized the vendors in the market via secondary research and their segment shares in regions/ countries through extensive market research. This procedure included studying major market players’ annual reports and extensive interviews with industry leaders.

  • We identified key players in the market through secondary market analysis and their revenue contributions in respective regions through primary and secondary research.
  • This procedure included studying top market players’ financial reports and interviews for key insights from experts.
  • All percentage breakups were determined using secondary sources and verified through primary inputs.

Primary research has accounted for and verified all possible market parameters affecting the market. MarketsandMarkets consolidated the data with detailed inputs and analysis.

Bottom-Up Approach

In the bottom-up approach, we identified the adoption trend of cloud computing in key countries concerning regions contributing to most of the market share. The adoption trend of cloud computing and different use cases concerning their business segments was identified and extrapolated for cross-validation. Weightage was given to the use cases identified in other areas for the calculation. We prepared an exhaustive list of all vendors offering solutions and services in the cloud computing market. The revenue contribution of all vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. We considered vendors with cloud computing offerings to evaluate the market size.

We determined the geographic split with primary and secondary sources based on these numbers. The procedure included an analysis of the cloud computing market’s region-wise penetration. Various factors considered are – ICT spending and strategic vendor analysis of system integration service providers. Other factors analyzed were the socioeconomic analysis of each country and local and global players’ organic and inorganic business strategies.

With the data triangulation process and data validation via primaries, this study determined and confirmed the exact values of the overall cloud computing market and its segments’ market size.

Cloud Computing Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Top-Down Approach

The top-down approach prepared a detailed list of vendors offering solutions and services in the cloud computing market. The revenue contribution for all vendors in the market was estimated through annual reports, PRs, investor presentations, funding, paid databases, and expert interviews. We evaluated players based on their offerings. The summation of all companies’ revenues was extrapolated to reach the overall market size. Each subsegment was further studied and analyzed for its global market size and regional penetration. The primary procedure included obtaining critical insights from industry leaders, such as VPs, CEOs, directors, and marketing executives. We derived the cloud computing market from cloud computing subscriptions adopted by different verticals. We triangulated the market numbers with the existing MarketsandMarkets KS repository for validation.

Cloud Computing Market Top Down Approach

Data Triangulation

A research technique called data triangulation uses two or more methods to confirm findings and outcomes. It is employed to verify the findings’ integrity and ensure that the data support the hypothesis. Data triangulation, used frequently in qualitative research, entails confirming data by those who collected and analyzed it. With the data triangulation process and data validation through primaries, we established the exact values of the overall cloud computing market and its segments’ market size.

Market Definition

Cloud computing is an on-demand delivery of a virtual environment, which includes a pool of resources, such as computing, storage, application, database, and network, through pay-as-you-go pricing service models, which enable enterprises to host their workloads.

Key Stakeholders

  • Cloud Service Providers (CSPs)
  • Networking companies
  • Information Technology (IT) infrastructure providers
  • Consultants/Consultancies/Advisory firms
  • Component providers
  • Telecom service providers
  • System Integrators (SI)
  • Support and maintenance service providers
  • Support service providers
  • Third-party providers
  • Government organizations and standardization bodies
  • Datacenter providers
  • Regional associations
  • Independent hardware and software vendors
  • Value-added resellers and distributors

Report Objectives

  • To define, describe, and forecast the global cloud computing market based on the service model, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), deployment model, organization size, verticals, and region
  • To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the cloud computing market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the cloud computing market
  • To forecast the market size concerning five regions - North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
  • To profile the key players of the cloud computing market and comprehensively analyze their market size and core competencies
  • To track and analyze the competitive developments, such as product enhancements and product launches, acquisitions, and partnerships and collaborations, in the cloud computing market globally

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company’s requirements. The following customization options are available for the report:

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of five additional market players

Previous Versions of this Report

Cloud Computing Platform Market by Service Model (IaaS, PaaS, and SaaS), by Deployment Model, Organization Size, Vertical (BFSI, Retail and Consumer Goods, Telecommunications, IT and ITeS, and Manufacturing), and Region - Global Forecast to 2027

Report Code TC 1228
Published in Nov, 2022, By MarketsandMarkets™

Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public and Private), Organization Size, Vertical, and Region - Global Forecast to 2026

Report Code TC 1228
Published in Oct, 2021, By MarketsandMarkets™

Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public and Private), Organization Size, Vertical, and Region - Global Forecast to 2025

Report Code TC 1228
Published in Jul, 2020, By MarketsandMarkets™

Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public, Private, and Hybrid), Organization Size, Workload, Vertical, and Region - Global Forecast to 2023

Report Code TC 1228
Published in Feb, 2019, By MarketsandMarkets™

Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public, Private, and Hybrid), Organization Size, Workload, Vertical, and Region - Global Forecast to 2023

Report Code TC 1228
Published in Oct, 2010, By MarketsandMarkets™

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