In-Depth Exploration of the Public Cloud Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global Public Cloud Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global Public Cloud Market is valued at approximately USD 277.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.6% over the forecast period 2022-2029.
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Public Cloud is a deployment cloud model where public cloud service providers make computing and storage, development and deployment, and applications accessible on demand to individuals and organizations over the public internet. In this model, the computing resources are operated and owned by the provider itself and are then shared via the internet. The emerging adoption of IoT techniques, artificial intelligence (AI), machine learning (ML) and edge computing among several industries is boosting the market demand. Additionally, the increasing trend of digitalization among industries and rising penetration of the internet is driving the demand of the Public Cloud market.
The increasing digitalization among industries is fueling the demand for public cloud. For instance, the worldwide spending on digital transformation in 2022 is USD 1.6 trillion and is projected to reach nearly USD 3.4 trillion by 2026. The boost in this computing technology is due to the rising adoption of Artificial Intelligence (AI) and Machine Learning (ML), as AI and ML complement Public Cloud. The demand for Public Cloud services continues due to the rising penetration of the Internet. India was ranked 2nd in terms of internet users. The internet penetration rate went up from 4% in 2007 to 47% in 2021. Therefore, public cloud services enable individuals and organizations to store and secure their data safely over the Internet. Moreover, the continuous advancements and formulation, and increasing adoption of cloud computing technologies by several industries are playing a major role in surging the demand for Public Cloud globally. However, the high data security threats and privacy concerns stifle market growth of Public Cloud throughout the forecast period of 2022-2029.
The key regions considered for the Global Public Cloud Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market for Public Cloud services with a total share of 49%. The adoption of new technologies by various market players is boosting the demand in this region. The increasing digitalization and adoption of cloud storage services are driving the market demand. Companies such as Microsoft Corporation, Amazon.com Inc, and IBM Corporation are helping this region in maintaining this position. Asia-Pacific is anticipated to be the fastest-growing region over the forecast region. Changing lifestyles, urbanization and increasing penetration of internet among the users are fueling the market demand.
Major market players included in this report are:
- Alibaba Group Holding Limited
- Amazon.com Inc.
- Adobe Inc.
- Google LLC
- The International Business Machines Corporation (IBM) Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce, Inc.
- RiverMeadow Software Inc.
- Workday, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Service:
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
By Enterprise:
Large Enterprise
Small & Medium Enterprise
By End-use:
BFSI
IT & Telecom
Retail & Consumer Goods
Manufacturing
Energy & Utilities
Healthcare
Media & Entertainment
Government & Public Sector
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Key Questions Addressed
- Growth Potential: Our report delves into the potential for growth in the Public Cloud market, highlighting the promising opportunities that lie ahead.
- Product Dominance: We analyze the product segments within the market to identify which one is likely to dominate, shedding light on its potential trajectory.
- Regional Leadership: The report examines regional markets to predict which one is poised to emerge as a frontrunner in the future, backed by insightful data and analysis.
- Application Growth: We identify the application segment that is expected to experience strong growth, helping stakeholders direct their focus effectively.
- Growth Opportunities: The report pinpoints potential growth opportunities within the Public Cloud industry, enabling market participants to strategize for expansion.
- Challenges Ahead: By highlighting major challenges, we offer a holistic view of potential obstacles that the Public Cloud market may face in the future.
- Leading Companies: Our analysis presents leading companies within the Public Cloud market, offering an overview of their strategies, sales volume, and revenue performance.
- Positive Trends: We identify key trends that are positively impacting market growth, aiding stakeholders in understanding shifting dynamics.
- Growth Strategies: The report sheds light on growth strategies considered by market players to sustain their positions, fostering a competitive edge.
Research Methodology and Structure
Our robust research methodology ensures the accuracy and reliability of the information presented in this report. As you navigate through its chapters, you will find:
- Introduction and Overview: An in-depth introduction sets the stage for our comprehensive industry analysis, offering readers a comprehensive perspective.
- Chapter-wise Guidance: Our report offers chapter-wise guidance, allowing you to navigate specific areas of interest seamlessly.
- In-depth Analysis: Over 200 pages of in-depth analysis encompass the latest research findings and insights, providing a comprehensive understanding of the market.
- Regional Insights: An updated regional analysis, presented graphically, showcases market size, share, and emerging trends within each region.
- List of Tables and Figures: A comprehensive list of tables and figures supports the information presented, enhancing the clarity of the report.
- Top Market Players: We extensively analyze the leading market players, offering insights into their business strategies, sales volume, and revenue analysis.
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