The global cloud engineering market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The cloud engineering market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above-mentioned factors. The players in the cloud engineering market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.
The worldwide cloud engineering market has been split into six equal segments. These include, deployment, end-users, types, geographies, enterprise sizes and intended audience.
The deployment section is further divided into public, hybrid and private.
On the basis of end users, the market is fragmented into IT & telecommunications, government, BFSI, retail, healthcare and energy & utilities.
On account of types the market is segmented into design, cloud storage, consulting, integration, cloud security, training, integration and migration.
Region-wise, the market is branched across various places like North America, Europe, Asia Pacific and Rest of the World.
When it comes to enterprise sizes the market is further sub-segmented into large, small and medium.
Lastly the intended audience segment comprises of network operators, suppliers, device manufacturers, vendors, software developers, semiconductor manufacturers, end-user sectors technology investors, research firms, commercial banks and software developers
The global cloud engineering market is expected to grow significantly over the forecast period, 2017-2023. Retail segment of cloud engineering market globally drives the market majorly due to increasing demand for better solutions for brand image and customer satisfaction. The market is expected to have higher growth rate as compared to the previous years. The global cloud engineering market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Retail segments hold a largest share in the North-American region. The reason is attributed to as the enterprises are shifting towards cloud-based solutions and services with the increasing adoption of better business strategies. Also, consumers are looking for better shopping experiences in this region. Therefore, retail segment of cloud engineering market accounted for the largest market share.
Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of manufacturers, stringent government regulations, growing advancement and increasing adoption of high end technology in the field of measurement equipment are boosting the growth of card connector market in this region.
The key players in the global cloud engineering market include- Trianz (US), Sogeti (Europe), GFT Technologies SE (Europe), Aricent Inc. (US), Rapidvalue Solutions Inc. (US), Engineering Ingegneria Informatica SpA (Europe), ITC Infotech India Ltd. (India), Calsoft Inc. (US), Nitor Infotech (India), VVDN Technologies (India) , Softcrylic LLC (US) and Searce Inc. (US), among others.
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