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Global Cloud Computing Market, By Deployment Type, By Service Model, Platform as a Service, Software as a Service, By Industry Vertical & By Region - Forecast and Analysis 2022 - 2028

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    Report

  • 127 Pages
  • May 2022
  • Region: Global
  • SkyQuest Technology Consulting
  • ID: 5597514
The Global Cloud Computing Market was valued at USD 442.89 Billion in 2021, and it is expected to reach a value of USD 1369.50 Billion by 2028, at a CAGR of more than 17.50% over the forecast period (2022 - 2028). Cloud computing is the delivery of hosted services over the internet, including software, servers, storage, analytics, intelligence, and networking. Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS) are three types of cloud computing services (PaaS). The expanding usage of cloud-based services and the growing number of small and medium businesses around the world are the important drivers driving the market growth. Enterprises all over the world are embracing cloud-based platforms as a cost-effective way to store and manage data. Commercial data demands a lot of storage space. With the growing volume of data generated, many businesses have moved their data to cloud storage, using services like Amazon Web Services, Microsoft Azure, and Google Cloud Platform.



The growing need to regulate and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), as well as the increasing volume of data generated in websites and mobile apps, are a few drivers driving the growth of emerging technologies. Emerging technologies like big data, artificial intelligence (AI), and machine learning (ML) are gaining traction, resulting in the global cloud computing industry growth. The cloud computing market is also driven by major factors such as data security, Faster Disaster Recovery (DR), and meeting compliance standards.

Top-down and bottom-up approaches were used to estimate and validate the size of the global cloud computing market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report


The global cloud computing market is segmented on the basis of deployment type, service model, and industry vertical. Based on the deployment type, the market is segmented as: private cloud, public cloud, and hybrid cloud. Based on the service model, the market is segmented as: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Based on industry vertical, the market is segmented as: Government, Military & Defense, Telecom & IT, Healthcare, Retail, and Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

  • The key aspect driving the market growth includes the increased RoI with lower storage and infrastructure costs. Enterprises are concerned about the expenses of data hosting on-premises, both in terms of implementation and maintenance. Electricity prices, employee expenses, and downtime issues are a few other concerns for companies. The current competitive environment and global economic conditions have hastened the use of cost-effective business model restructuring measures. This has significantly encouraged the use of cloud-based services, in turn, contributing to the growth of the market.

Restraint

  • The major factor that negatively impacts the growth of the market includes the need to manage regulatory and compliance policy needs. Due to changing business needs, increasing data breaches and cyber-attacks, and expanding data security concerns, the need to meet regulatory and compliance requirements is continually increasing; which is challenging the market growth.

Key Market Trends

  • The key trend driving cloud computing services is the increasing shift of businesses toward digital transformation and the enhancement of customer experience. These are just a few more factors that are driving the adoption of cloud computing services and, as a result, lowering enterprise costs.
  • The cloud offers the pay-as-you-go approach, which allows businesses to pay for cloud services based on how often they use them, resulting in lower prices. Due to the sheer benefits of cloud services, such as on-demand availability and low cost, companies are increasingly adopting them. This thus contributes to the growth of cloud computing market growth.
  • The outbreak of COVID-19 has also been a growth driver for the market. In May 2020, to address COVID-19 problems, Microsoft announced Microsoft Cloud for Healthcare. For healthcare enterprises, Microsoft developed industry-specific cloud products, enhanced workflow efficiency, and streamlined interactions. Data analytics for both structured and unstructured data are included in Microsoft Cloud for Healthcare. Hence, such growth strategies adopted by the key player in the market are likely to aid the industry growth during the forecast period.
Frequently Asked Questions about the Global Cloud Computing Market

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

The Global Cloud Computing Market was estimated to be valued at $442.89 Billion in 2021.

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

The growth rate of the Global Cloud Computing Market is 17.5%, with an estimated value of $1369.5 Billion by 2028.

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

The Global Cloud Computing Market is estimated to be worth $1369.5 Billion by 2028.

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

Key companies in the Global Cloud Computing Market include Accenture plc, Adobe, Inc., Alibaba Cloud International, Amazon Web Services, Inc., Apple, Inc., At&T, Inc., Cisco Systems, Inc., Citrix Systems, Inc. and Google LLC.

Table of Contents

Executive Summary
Market overview
  • Exhibit: Executive Summary - Chart on Market Overview
  • Exhibit: Executive Summary - Data Table on Market Overview
  • Exhibit: Executive Summary - Chart on Global Cloud computing Characteristics
  • Exhibit: Executive Summary - Chart on Market by Geography
  • Exhibit: Executive Summary - Chart on Market Segmentation
  • Exhibit: Executive Summary - Chart on Incremental Growth
  • Exhibit: Executive Summary - Data Table on Incremental Growth
  • Exhibit: Executive Summary - Chart on Vendor Market Positioning

Parent Market AnalysisMarket overview
Market size
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS
  • Technology Analysis
  • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
  • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
  • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
  • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
  • Exhibit: Parent Market Ecosystem Market Analysis
  • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
  • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
  • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
  • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
  • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
  • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
  • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT
  • Introduction
  • Impact On Economy - scenario Assessment
  • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
  • Exhibit: Data Table on Global Cloud computing size and forecast 2021-2028 ($ Billion)
  • Impact Of COVID On Key Segments
  • Exhibit: Data Table on Segment Market size and forecast 2021-2028 ($ Billion)
  • COVID Strategies By Company
  • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK
  • Market Dynamics
  • Exhibit: Impact analysis of DROC, 2021
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
  • Competitive rivalry
  • Exhibit: Competitive rivalry Impact of key factors, 2021
  • Threat of substitute products
  • Exhibit: Threat of Substitute Products Impact of key factors, 2021
  • Bargaining power of buyers
  • Exhibit: buyers bargaining power Impact of key factors, 2021
  • Threat of new entrants
  • Exhibit: Threat of new entrants Impact of key factors, 2021
  • Bargaining power of suppliers
  • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Special insights on future disruptions
  • Political Impact
  • Economic impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact

Global Cloud Computing by Deployment Type
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Private Cloud
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Public Cloud
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Hybrid Cloud
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Global Cloud Computing by Service Model
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Infrastructure as a Service (IaaS)
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Platform as a Service (PaaS)
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Software as a Service (SaaS)
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Global Cloud Computing by Industry Vertical
  • Market segments
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Data table on Market share 2021-2028 (%)
  • Government
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Military & Defense
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Telecom & IT
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Healthcare
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Retail
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Others
  • Market Estimates & Forecast, 2021-2028
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)

Market Size by Region
  • Chart on Market share by geography 2021-2028 (%)
  • Data Table on Market share by geography 2021-2028(%)
  • North America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • USA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Canada
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Europe
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Germany
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Spain
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • France
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • UK
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of Europe
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Asia Pacific
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • China
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • India
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Japan
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • South Korea
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of Asia Pacific
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Latin America
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • Brazil
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of South America
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Middle East & Africa (MEA)
  • Chart on Market share by country 2021-2028 (%)
  • Data Table on Market share by country 2021-2028(%)
  • GCC Countries
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • South Africa
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)
  • Rest of MEA
  • Exhibit: Chart on Market share 2021-2028 (%)
  • Exhibit: Market size and forecast 2021-2028 ($ Billion)

KEY COMPANY PROFILES
  • Competitive Landscape
  • Total number of companies covered
  • Exhibit: companies covered in the report, 2021
  • Top companies market positioning
  • Exhibit: company positioning matrix, 2021
  • Top companies market Share
  • Exhibit: Pie chart analysis on company market share, 2021(%)
  • Accenture PLC (Ireland)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Adobe, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Alibaba Cloud International (China)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Amazon Web Services, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Apple, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • AT&T, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Cisco Systems, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Citrix Systems, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Dell, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Google LLC (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Hewlett Packard Enterprise Development LP (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • IBM Corp. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Intel Corp. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Microsoft Corp. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • NetSuite, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Oracle Corp. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Salesforce.com, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • SAP SE (Germany)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Verizon Enterprise Solutions (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments
  • Yahoo, Inc. (US)
  • Exhibit Company Overview
  • Exhibit Business Segment Overview
  • Exhibit Financial Updates
  • Exhibit Key Developments

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accenture plc
  • Adobe, Inc.
  • Alibaba Cloud International
  • Amazon Web Services, Inc.
  • Apple, Inc.
  • At&T, Inc.
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • Dell, Inc.
  • Google LLC
  • Hewlett Packard Enterprise Development Lp
  • IBM Corp.
  • Intel Corp.
  • Microsoft Corp.
  • Netsuite, Inc.
  • Oracle Corp.
  • Salesforce.Com, Inc.
  • Sap Se
  • Verizon Enterprise Solutions
  • Yahoo, Inc.