Our comprehensive research on the Global Cloud Services Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global cloud services market was US$ 432.8 billion in 2021. The global cloud services market is expected to grow to US$ 1341.1 billion by 2030, registering a compound annual growth rate (CAGR) of 11.8% during the study period from 2022 to 2030.
Cloud computing is a model or network in which a program or application can be accessed by multiple devices or servers simultaneously. Cloud computing technology is a shift in computing history that has resulted in newer and faster methods of providing computing solutions, infrastructure solutions, and application layers.
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Factors Influencing the Market
Entrepreneurs with small and medium-sized businesses have increased dramatically over the last few decades. Cloud computing services are in high demand because of factors like cost savings and business flexibility. Moreover, start-ups are growing rapidly and adopting cloud services in order to operate in a safe environment without the need for proper infrastructure. Thus, it will drive the growth of the cloud services market during the analysis period.
The growing adoption of cloud services in developing regions is expected to bring ample growth opportunities for the global market. In emerging nations like India, China, and Brazil, the adoption of cloud computing is growing steadily. Moreover, the growing need for cost-efficient solutions is expected to benefit the market. Further, companies are fast migrating to high technologies, including cloud computing services, which will increase the growth prospects of the market during the forecast timeframe.
Competitors in the Market
• Alibaba Group Holding Limited
• Amazon Web Services, Inc
• Cisco Systems, Inc
• Dell, Technologies Inc
• Google LLC
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• Rackspace Hosting, Inc
• Other Prominent Players
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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Cloud Services industry experienced notable growth in its workforce. Starting in January, employment within the Cloud Services sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Cloud Services output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Cloud Services output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Cloud Services market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Cloud Services market.
Market Segmentation
The global cloud services market segmentation focuses on Type, Deployment, Organization, Application, Industry Vertical, and Region.
By Type
• Infrastructure as a Service (Iaas)
• Platform as a Service (Paas)
• Software as a Service (Saas)
• Others
By Deployment Model
• Private Cloud
• Public Cloud
• Hybrid Cloud
By Organization Size
• Large Enterprises
• Smes
By Application
• Asset Management
• Customer Relationship Management (Crm)
• Enterprise Resource Management (Erm)
• Supply Chain Management (Scm)
• Project & Portfolio Management
• Business Intelligence
• Others
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By Industry Vertical
• BFSI
• It & Telecommunications
• Government
• Media & Entertainment
• Healthcare
• Manufacturing
• Oil & Gas
• Metals & Mining
• Petrochemicals
• Energy & Utilities
• Pulp & Paper
• Agriculture
• Others
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Cloud Services Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Cloud Services Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Cloud Services Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Cloud Services Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Cloud Services market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Cloud Services market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Cloud Services business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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