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Cloud Computing Services: Global Strategic Business Report

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    Report

  • 354 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1227772

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

Frequently Asked Questions about the Global Market for Cloud Computing Services

What is the estimated value of the Global Market for Cloud Computing Services?

The Global Market for Cloud Computing Services was estimated to be valued at $507.6 Billion in 2020.

What is the growth rate of the Global Market for Cloud Computing Services?

The growth rate of the Global Market for Cloud Computing Services is 15.6%, with an estimated value of $1400 Billion by 2027.

What is the forecasted size of the Global Market for Cloud Computing Services?

The Global Market for Cloud Computing Services is estimated to be worth $1400 Billion by 2027.

Who are the key companies in the Global Market for Cloud Computing Services?

Key companies in the Global Market for Cloud Computing Services include Acquia Inc., Adobe Inc., Akamai Technologies, Inc., Alibaba Cloud, Amazon Web Services, Inc., CA Technologies, Inc., Dell Inc., ENKI Corporation, Fujitsu Limited and Google, Inc..

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

A selection of companies mentioned in this report includes:

  • 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.