Cloud Computing Market - Opportunities, Statistics to 2024

Cloud Computing Global Market – Segments:

The Global Cloud Computing Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Service Type: Comprises Software as a service (SaaS), Platform as a service (PaaS), and Infrastructure as a service (IaaS) among others.

Segmentation By Application: Comprises Government, Banking and Healthcare among others.

Segmentation By Cloud Type: Comprises Private cloud, Public cloud, Hybrid cloud and Community cloud among others.

Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

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Key Players:

Akamai Technologies Inc. (U.S.), Amazon Web Services LLC (U.S.), CA Technologies (U.S.), Dell Inc. (U.S.), Flexiant Ltd. (U.K.), Google Inc. (U.S.), Hewlett-Packard Development Company L.P. (U.S.), IBM Corporation (U.S.), Joyent Inc. (U.S.), and Microsoft Corporation (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Cloud Computing Market.

Cloud Computing Global Market – Overview:

Cloud is already been considered as the future of Commuting. Cloud Computing offers a comprehensive set of services that allow IT professionals to create and manage applications through a vast global network, Cloud Computing is perfect for developers and data scientists. The Global Cloud Computing Market is experiencing the rising traction owing to the augmented uptake of cloud based data storage services in small, medium and large business setups across the globe. Considering the heightened market expansion and size of Cloud Computing, Market Research Future recently published a in depth study report, giving out the complete market insights for the period 2016 – 2027. According to which, globally, the market has increased its market value tremendously in recent years and is expected to grow rapidly further during the forecast period. The global Cloud Computing market is forecasted to witness a thriving growth by 2027, surpassing its previous growth records in terms of value with a staggering CAGR during the anticipated period.

The Cloud Computing Market is predominantly driven by the factors such as growing demand for technologically upgraded services, growing expansion of professional and managed services and increasing awareness about cost-effective cloud services among others. Additionally, as the ubiquitous technology, Cloud Computing offers significant cost effective solutions in comparison with traditional in-house systems for data storage, cloud based data storage services are increasingly adopted in all sort of enterprises across the industries, worldwide this in turn is fostering the market traction of Cloud Computing Market.

On the other hand, factors such Data Security coupled with the possible challenges presented during the migration to cloud like incompatibility with legacy systems, may pose some challenges to the market growth during the anticipated period. Adversely, widespread broadband adoptions coupled with burgeoning 3G and 4G wireless technology will ensure the required impetus to the market growth.  

Cloud Computing Global Market   – Competitive Analysis:

Characterized by the presence of several major well-established players, the global Market of Cloud Computing appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. These Players invest heavily in the R&D to develop a technology that is completely on a different level compared to their competition. Players compete against each other based on factors such as the product and technology launch, quality, reliability, and cost. Marketers are tapping the growing markets for expansions.

Industry/ Innovation/ Related News:

Nov 12, 2017 IBM released IBM Cloud Private, a Hybrid Cloud Computing Platform Using Kubernetes and Cloud Foundry. IBM Cloud Private, a platform designed to enable companies to create on-premises cloud capabilities similar to public clouds, with the goal of accelerating “cloud native” application development and supporting modernisation of existing applications running on IBM technology such as WebSphere Liberty, Db2 and MQ. The new platform is built on the open source Kubernetes-based container platform, and supports deployment of applications as Docker containers within all of the offering price tiers, and the deployment of applications via Cloud Foundry using the optional add-on within the “Cloud Native” and “Enterprise” tiers.

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