Cloud Computing Market Analysis By Product Type(Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)), By Applications(Government, Small and Medium enterprise, and Large Enterprise) & Forecast 2024-2035
- PUBLISHED ON
- 2/24/2023
- NO OF PAGES
- 289
- CATEGORY
- Information Technology
Overview:
The global Cloud Computing Market is anticipated to grow from 500.2 billion in 2022 to 1,200.2 billion by 2030. Cloud computing refers to a list of computing services that includes servers, storage, databases, networking, software, analytics, and intelligence over the cloud. Cloud computing market is anticipated to grow at a significant rate owing to the features that offer faster innovation, flexible resources, and economies of scale. With cloud computing, users need to pay only for cloud services that they use, helping to lower operating costs, run infrastructure smoothly, and scale business changes. Cloud computing has enabled a rapid shift from the traditional way businesses think about IT resources. Organizations nowadays are using the cloud computing for a wide variety of use cases, such as data backup, disaster recovery, email, virtual desktops, software development and testing, big data analytics, and other applications. Companies across the globe are using the cloud computing services to develop more personalized treatments for patients in the healthcare sector. Further, financial companies and institutions are leveraging the features of cloud to power real-time fraud detection and prevention. Thus, growing demand for efficient online services is paving way for the growth of the global cloud computing market.
Drivers:
Cloud computing market is anticipated to grow owing to a wide range of beneficial features. Cloud computing provides users with easy access to a broad range of technologies, thereby enabling faster innovation. Users can spin up resources ranging from infrastructure services, such as compute, storage, and databases, to Internet of Things, machine learning, data lakes and analytics, and much more. Service deployments and implementation are a matter of minutes. Cloud computing gives users the freedom to experiment, and test new ideas to differentiate customer experiences. Organizations can scale resources up or down to instantly grow and shrink capacity for required changes. The cloud allows businesses to only pay for IT as they consume it. Such factors are estimated to advance the growth of the global cloud computing market.
Segmentation:
On the basis of product type, the global Cloud Computing Market is segmented Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS). On the basis of application, the global Cloud Computing Market is segmented into Government, Small and Medium enterprise, and Large enterprise.
Geography:
On the basis of region, the global Cloud Computing Market is segmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. North America is projected to capture a substantial revenue share in the global Cloud Computing Market over 2022-2030. The growth is attributable to the existence of multiple tech giants and the early adoption of the new technology in regions of US, Canada, and Mexico.
Impact of COVID-19 on the global Cloud Computing Market:
The Covid-19 pandemic significantly increased the adoption of IT Technologies across the globe. The crisis negatively impacted various businesses and disrupted the global supply chain. However, as the economies started to recover from the adverse impacts, technology deployments witnessed a rapid acceleration. In the post COVID-19 scenario automation and efficiency of industries are rapidly improving for business that are actively embracing cloud computing. The pandemic has encouraged global businesses to rely on industry 4.0 technologies, most importantly cloud to increase productivity. Data management, and continuity are some of the major factors that is bolstering the growth of the Cloud Computing Market in the post pandemic era.
Impact of the Russia-Ukraine War on the global Cloud Computing Market:
The global supply chains are disrupted by the Russia-Ukraine conflict in the same way as the it did when the COVID-19 pandemic first surfaced. There has been a significant rise in the transportation costs, gas prices, and electricity rates as a result of the Russia Ukraine war. Due to the increased energy costs, companies are forced to raise prices. The supply of commodities is substantially disrupted in regions such as US, Europe, and China. The conflict has accelerated the chip shortage and raw materials such as neon and palladium used in semiconductor manufacturing. Russia and Ukraine are the two major producers and produce more than 50% of the aforementioned raw materials. Due to the war the industries that are completely dependent on Russia and Ukraine are incurring huge losses and are unable to find an alternative supplier soon. The continuation of the conflict is likely to further delay IT hardware production and sales which is anticipated to slow down the accelerated deployment of the cloud based solutions. This is estimated to negatively impact the global market growth.
Company Profiles:
The key market players in the global Cloud Computing Market are Amazon Web Services, Microsoft Azure, IBM, Aliyun, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, Vmware, DELL, and EMC.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Cloud Computing market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Cloud Computing would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Cloud Computing Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1 Cloud Computing Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Cloud Computing
1.3 Cloud Computing Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Cloud Computing Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Cloud Computing
1.4.2 Applications of Cloud Computing
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Cloud Computing Industry Trends
1.5.2 Cloud Computing Drivers
1.5.3 Cloud Computing Market Challenges
1.5.4 Cloud Computing Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Cloud Computing Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Cloud Computing Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Cloud Computing Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Cloud Computing
2.2.1 Major Players Manufacturing Base of Cloud Computing in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Cloud Computing Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Cloud Computing
2.3.3 Labor Cost of Cloud Computing
2.4 Market Channel Analysis of Cloud Computing
2.5 Major Down Stream Customers by Application
3 Global Cloud Computing Market, by Type
3.1 Global Cloud Computing Revenue and Market Share by Type (2016-2021)
3.2 Global Cloud Computing Production and Market Share by Type (2016-2021)
3.3 Global Cloud Computing Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Cloud Computing Revenue and Growth Rate of Software
3.3.2 Global Cloud Computing Revenue and Growth Rate of Infrastructure
3.3.3 Global Cloud Computing Revenue and Growth Rate of Platform
3.4 Global Cloud Computing Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Cloud Computing Market, by Application
4.1 Downstream Market Overview
4.2 Global Cloud Computing Consumption and Market Share by Application (2016-2021)
4.3 Global Cloud Computing Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Cloud Computing Consumption and Growth Rate of Banking, Financial Services, and Insurance (BFSI) (2016-2021)
4.3.2 Global Cloud Computing Consumption and Growth Rate of IT and Telecommunications (2016-2021)
4.3.3 Global Cloud Computing Consumption and Growth Rate of Government and Public Sector (2016-2021)
4.3.4 Global Cloud Computing Consumption and Growth Rate of Retail and Consumer Goods (2016-2021)
4.3.5 Global Cloud Computing Consumption and Growth Rate of Healthcare and Life Sciences (2016-2021)
4.3.6 Global Cloud Computing Consumption and Growth Rate of Energy and Utilities (2016-2021)
4.3.7 Global Cloud Computing Consumption and Growth Rate of Media and Entertainment (2016-2021)
4.3.8 Global Cloud Computing Consumption and Growth Rate of Manufacturing (2016-2021)
4.3.9 Global Cloud Computing Consumption and Growth Rate of Others (2016-2021)
5 Global Cloud Computing Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Cloud Computing Revenue and Market Share by Region (2016-2021)
5.2 Global Cloud Computing Consumption and Market Share by Region (2016-2021)
5.3 Global Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Cloud Computing Market Under COVID-19
5.4.2 North America Cloud Computing SWOT Analysis
5.5 Europe Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Cloud Computing Market Under COVID-19
5.5.2 Europe Cloud Computing SWOT Analysis
5.6 China Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Cloud Computing Market Under COVID-19
5.6.2 China Cloud Computing SWOT Analysis
5.7 Japan Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Cloud Computing Market Under COVID-19
5.7.2 Japan Cloud Computing SWOT Analysis
5.8 Middle East and Africa Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Cloud Computing Market Under COVID-19
5.8.2 Middle East and Africa Cloud Computing SWOT Analysis
5.9 India Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Cloud Computing Market Under COVID-19
5.9.2 India Cloud Computing SWOT Analysis
5.10 South America Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Cloud Computing Market Under COVID-19
5.10.2 South America Cloud Computing SWOT Analysis
5.11 South Korea Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Cloud Computing Market Under COVID-19
5.11.2 South Korea Cloud Computing SWOT Analysis
5.12 Southeast Asia Cloud Computing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Cloud Computing Market Under COVID-19
5.12.2 Southeast Asia Cloud Computing SWOT Analysis
6 Global Cloud Computing Production by Top Regions (2016-2021)
6.1 Global Cloud Computing Production by Top Regions (2016-2021)
6.2 North America Cloud Computing Production and Growth Rate
6.3 Europe Cloud Computing Production and Growth Rate
6.4 China Cloud Computing Production and Growth Rate
6.5 Japan Cloud Computing Production and Growth Rate
6.6 India Cloud Computing Production and Growth Rate
7 Global Cloud Computing Consumption by Regions (2016-2021)
7.1 Global Cloud Computing Consumption by Regions (2016-2021)
7.2 North America Cloud Computing Consumption and Growth Rate
7.3 Europe Cloud Computing Consumption and Growth Rate
7.4 China Cloud Computing Consumption and Growth Rate
7.5 Japan Cloud Computing Consumption and Growth Rate
7.6 Middle East & Africa Cloud Computing Consumption and Growth Rate
7.7 India Cloud Computing Consumption and Growth Rate
7.8 South America Cloud Computing Consumption and Growth Rate
7.9 South Korea Cloud Computing Consumption and Growth Rate
7.10 Southeast Asia Cloud Computing Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 Oracle Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Cloud Computing Product Profiles, Application and Specification
8.2.3 Oracle Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 VMware Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Cloud Computing Product Profiles, Application and Specification
8.3.3 VMware Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 AWS Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Cloud Computing Product Profiles, Application and Specification
8.4.3 AWS Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 NTT Communications Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Cloud Computing Product Profiles, Application and Specification
8.5.3 NTT Communications Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Adobe Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Cloud Computing Product Profiles, Application and Specification
8.6.3 Adobe Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 IBM Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Cloud Computing Product Profiles, Application and Specification
8.7.3 IBM Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Salesforce Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Cloud Computing Product Profiles, Application and Specification
8.8.3 Salesforce Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Microsoft Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Cloud Computing Product Profiles, Application and Specification
8.9.3 Microsoft Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Alibaba Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Cloud Computing Product Profiles, Application and Specification
8.10.3 Alibaba Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Verizon Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Cloud Computing Product Profiles, Application and Specification
8.11.3 Verizon Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 CenturyLink Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Cloud Computing Product Profiles, Application and Specification
8.12.3 CenturyLink Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Rackspace Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Cloud Computing Product Profiles, Application and Specification
8.13.3 Rackspace Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 SAP Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Cloud Computing Product Profiles, Application and Specification
8.14.3 SAP Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
8.15 Google Market Performance Analysis
8.15.1 Company Profiles
8.15.2 Cloud Computing Product Profiles, Application and Specification
8.15.3 Google Sales, Revenue, Price, Gross Margin 2016-2021
8.15.4 Company Recent Development
8.15.5 Strategies for Company to Deal with the Impact of COVID-19
8.16 Fujitsu Market Performance Analysis
8.16.1 Company Profiles
8.16.2 Cloud Computing Product Profiles, Application and Specification
8.16.3 Fujitsu Sales, Revenue, Price, Gross Margin 2016-2021
8.16.4 Company Recent Development
8.16.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Cloud Computing Market Analysis and Forecast by Type and Application
9.1 Global Cloud Computing Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Software Market Revenue and Volume Forecast (2021-2026)
9.1.2 Infrastructure Market Revenue and Volume Forecast (2021-2026)
9.1.3 Platform Market Revenue and Volume Forecast (2021-2026)
9.2 Global Cloud Computing Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Banking, Financial Services, and Insurance (BFSI) Market Revenue and Volume Forecast (2021-2026)
9.2.2 IT and Telecommunications Market Revenue and Volume Forecast (2021-2026)
9.2.3 Government and Public Sector Market Revenue and Volume Forecast (2021-2026)
9.2.4 Retail and Consumer Goods Market Revenue and Volume Forecast (2021-2026)
9.2.5 Healthcare and Life Sciences Market Revenue and Volume Forecast (2021-2026)
9.2.6 Energy and Utilities Market Revenue and Volume Forecast (2021-2026)
9.2.7 Media and Entertainment Market Revenue and Volume Forecast (2021-2026)
9.2.8 Manufacturing Market Revenue and Volume Forecast (2021-2026)
9.2.9 Others Market Revenue and Volume Forecast (2021-2026)
10 Cloud Computing Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Cloud Computing Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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