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Cloud Computing Services: Global Strategic Business Report

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    Report

  • 354 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1227772
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Global Cloud Computing Services Market to Reach $2.1 Trillion by 2030

The global market for Cloud Computing Services estimated at US$718.2 Billion in the year 2022, is projected to reach a revised size of US$2.1 Trillion by 2030, growing at a CAGR of 14.7% over the analysis period 2022-2030. Software as a Service (SaaS), one of the segments analyzed in the report, is projected to record 14.3% CAGR and reach US$1.3 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Infrastructure as a Service (IaaS) segment is readjusted to a revised 17.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $195.7 Billion, While China is Forecast to Grow at 20.8% CAGR

The Cloud Computing Services market in the U.S. is estimated at US$195.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$547.2 Billion by the year 2030 trailing a CAGR of 20.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 12.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.

Select Competitors (Total 203 Featured) -

  • Acquia Inc.
  • Adobe Inc.
  • Akamai Technologies, Inc.
  • Alibaba Cloud
  • Amazon Web Services, Inc.
  • CA Technologies, Inc.
  • Dell Inc.
  • ENKI Corporation
  • Fujitsu Limited
  • Google, Inc.
  • Hewlett-Packard Development Company, L.P.
  • IBM Corp.
  • Microsoft Corp.
  • NTT DATA Corporation
  • Oracle Corporation
  • OVH
  • Salesforce.com, Inc.
  • SAP SE
  • ServiceNow, Inc.
  • Virtustream, Inc.
  • Workday Inc.
  • Zoho Corporation Pvt. Ltd.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Cloud Computing: A Technology Storm Wiping Out Old School ICT
  • Cloud Computing: A Logical Technology Choice for Budget Constrained Enterprises in a Slow Growing Global Economy
  • Cloud Computing Qualifies as the World’s Most Disruptive Technology
  • Recent Market Activity
  • VC Investments in Cloud Computing Continues to Grow Strong
  • Virtualization Enables the Multi-Tenancy Concept of Public Clouds
  • Increased Adoption of Cloud Data Center Services Expands the Addressable Opportunity for Public Cloud Services
  • Data No Longer Lives in In-House Datacenters
  • Convergence of Enterprise Mobility and Cloud Computing Throws Up Lucrative Opportunities for Revenue Growth in Cloud Computing Services Market
  • Focus on Green IT & Sustainable ICT Throws the Spotlight On the “Cloud
  • Pure Private Clouds Become Less of a Threat to Public Cloud Services
  • Robust Growth of Hybrid Cloud Helps Increase Consumption of Public Cloud Services
  • Emergence of Cloud Brokerage Services Eliminates the Drawbacks of Vendor Lock-In Associated with Public Cloud
  • Developments in Internet Infrastructure Lays the Foundation for the Proliferation of Low Latency Cloud Computing Services
  • Cloud Advertising Services: The Largest Market Segment
  • SaaS: One of the Largest Segments of the Cloud Computing Services Market
  • Growing Organizational Need to Embrace Digital Transformation Fuels SaaS Growth
  • SaaS CRM Helps Companies Master the Art of Customer Relationships
  • Customization and Security Concerns Associated with SaaS Based CRM Drives Focus on Adapting PaaS for CRM Applications
  • Two Tired ERP Strategies Gain Prominence
  • The Need to Move Beyond Personal Productivity to Team Productivity Drives Demand for Cloud Based Office Productivity Software
  • IaaS: The Fastest Growing Segment of the Cloud Computing Services Market
  • Big Data Drives Demand for Storage as a Service (STaaS)
  • IaaS Print Set for Long Term Growth
  • “Apps Run the World”: Strong Growth in Application Development Drives Demand for aPaaS
  • How the Cloud Transforms the Approaches to Application Development
  • Mushrooming of SMBs Spur Adoption of Cloud Computing Services
  • Comprehensive SLAs: A Solution to Overcome Ambiguity in Cloud Services
  • High Cloud Readiness Index Brings Developing Countries as Focal Points for Future Growth
  • Competition Heats Up
  • Commonly Encountered Challenges to Public Cloud Deployment
  • Migration Onto the Cloud: Not So Easy As it Seems
  • Legal, Regulatory, and Business Risks: The Three Most Peskiest Issues
  • Lack of Interoperability
  • Inadequate Knowledge of Implementation
  • Inability of SLAs to Guarantee System Availability
  • Unchecked Cloud Deployments Threatens Cloud Sprawl
  • Managing the Cloud: Companies Doing It the Wrong Way
  • Market Outlook
  • Cloud Computing Services - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Acquia Inc. (USA)
  • Adobe Systems Incorporated (USA)
  • Akamai Technologies, Inc. (USA)
  • Alibaba Cloud (China)
  • Amazon Web Services, Inc. (USA)
  • CA Technologies, Inc. (USA)
  • Dell Inc. (USA)
  • ENKI Corporation (USA)
  • FUJITSU (Japan)
  • Google, Inc. (USA)
  • Hewlett-Packard Development Company, L.P. (USA)
  • IBM Corporation (USA)
  • Microsoft Corporation (USA)
  • NTT DATA Corporation (Japan)
  • Oracle Corporation (USA)
  • OVH (France)
  • Rackspace Hosting, Inc. (USA)
  • Salesforce.com, Inc. (USA)
  • SAP SE (Germany)
  • ServiceNow, Inc. (USA)
  • Virtustream, Inc. (USA)
  • Workday Inc. (USA)
  • Zoho Corporation Pvt. Ltd (India)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Cloud Computing Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Cloud Computing Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Cloud Computing Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Software as a Service (SaaS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Software as a Service (SaaS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Software as a Service (SaaS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Infrastructure as a Service (IaaS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Infrastructure as a Service (IaaS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Infrastructure as a Service (IaaS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Platform as a Service (PaaS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Platform as a Service (PaaS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Platform as a Service (PaaS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Public Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Public Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Public Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Hybrid Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Hybrid Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Hybrid Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Private Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Private Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Private Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Retail & Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Retail & Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Retail & Consumer Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Media & Entertainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Media & Entertainment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 37: World Recent Past, Current & Future Analysis for Energy & Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 38: World Historic Review for Energy & Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 39: World 16-Year Perspective for Energy & Utilities by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 40: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 41: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 42: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 43: World Cloud Computing Services Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Cloud Computing Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acquia Inc.
  • Adobe Inc.
  • Akamai Technologies, Inc.
  • Alibaba Cloud
  • Amazon Web Services, Inc.
  • CA Technologies, Inc.
  • Dell Inc.
  • ENKI Corporation
  • Fujitsu Limited
  • Google, Inc.
  • Hewlett-Packard Development Company, L.P.
  • IBM Corp.
  • Microsoft Corp.
  • NTT DATA Corporation
  • Oracle Corporation
  • OVH
  • Salesforce.com, Inc.
  • SAP SE
  • ServiceNow, Inc.
  • Virtustream, Inc.
  • Workday Inc.
  • Zoho Corporation Pvt. Ltd.

Table Information

Report AttributeDetails
No. of Pages354
PublishedApril 2024
Forecast Period2020 - 2027
Estimated Market Value ( USD ) in 2020 $ 507.6 Billion
Forecasted Market Value ( USD ) by 2027 $ 1400 Billion
Compound Annual Growth Rate15.6%
Regions CoveredGlobal

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