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Pulished Date April, 2021
ID: 10258
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Global Cloud Computing Market By Service Model (SaaS, PaaS IaaS), By Deployment (Public, Private and Hybrid), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Vertical (BFSI, IT & Telecommunication, Retail and Consumer Goods, Manufacturing, Healthcare & Life Sciences, Government & Public Sector, Media & Entertainment, Energy & Utility and others) and Region - Forecast till 2026

Pulished: April, 2021
ID: 10258
Pages: 150

Global Cloud Computing Market Size (2020 – 2025)

The global cloud computing market size is foreseen to extend from $ 371.4 billion in 2020 to $ 832.1 billion by 2025, at a compound annual growth rate (CAGR) of 17.5% over the conjecture period.

Cloud computing is an IT service delivery model in which third party service providers provide IT resources and software tools over the Internet. In this service model, the user pays only for the use of the computing device as well as the storage and bandwidth it consumes. Cloud computing offers many advantages over local hardware infrastructure, such as faster deployment, lower cost, scalability, mobility support, disaster recovery and less burden on staff. computer systems to maintain.

Recent Developments:

  • In June 2020, Amazon opened AWS Europe (Milan) and AWS Africa (Cape Town), expanding its Availability Zones to 76 in 24 geographic regions around the world. It also announced plans for nine additional Availability Zones and three additional AWS Regions in Indonesia, Japan and Spain.
  • In May 2020, Microsoft launched an industry-specific cloud offering for healthcare organizations, improving workflow efficiency and streamlining interactions. Microsoft Cloud for Healthcare includes data analytics for structured and unstructured data.
  • In May 2019, Microsoft Corp. launched a series of new Azure development technologies and services with advanced capabilities spanning AI, mixed reality, IoT and blockchain in the hands of developers. The company is expected to share these and other advancements in hybrid cloud and edge computing at its Microsoft Build conference.
  • In November 2018, IBM Corporation launched the IBM Talent and Transformation service to help businesses and their employees effectively acquire artificial intelligence (AI) capabilities.

Impact of Covid-19 on Cloud Computing Market:

Many industry verticals have embraced the work-from-home model to protect employee well-being and maintain operational efficiency, increasing the demand for Software-as-a-Service (SaaS) collaboration solutions. For example, the number of users of the Microsoft Team platform has grown to 44 million worldwide due to the high demand for collaboration solutions. While the standalone 8x8 video conferencing cloud solution saw a more than 300% increase in the number of registered users during the last week of February in around 150 countries. Other popular SaaS collaboration tools that are gaining traction include Google Hangouts, Cisco Webex, Slack, Zoom, Ding Talk, WeChat Work, and Tencent Meeting, among others.

In June 2020, Google announced a partnership with Telefónica. As part of the partnership, Google plans to launch a cloud region in Spain that will take advantage of the infrastructure of the Madrid region of Telefónica. This alliance was also aimed at the economic recovery of the post-COVID-19 country by promoting the digitization of businesses and supporting the Spanish public administration.

In May 2020, Microsoft announced Microsoft Cloud for Healthcare to address the challenges of COVID-19. Microsoft has introduced industry-specific cloud offerings for healthcare organizations, improved workflow efficiency, and streamlined interactions. Microsoft Cloud for healthcare includes data analytics for structured and unstructured data.

Market growth and trends:

The increased mobility of users and resources, the continuous migration of applications to the cloud, and the emergence of more sophisticated threats are pushing organizations towards hybrid cloud adoption. Industries, such as healthcare, BFSI and government, which prioritize compliance, security and customer experience, are opting for the hybrid deployment model. Leading cloud providers are focused on improving their presence in the hybrid cloud space; for example, in October 2018, IBM acquired Red Hat. This acquisition helped IBM gain access to a larger customer base and a broad portfolio of Red Hat cloud services.

Organizations with 1 to 999 employees are classified in the SME segment. Cloud computing services are quickly adopted by SMEs, due to the ease and flexibility they offer, increasing business demand during the forecast period. Benefits such as seamless scalability, flexibility, a pay-as-you-go model, reduced operating costs, and offerings tailored to business needs, facilitate cloud service adoption among SMBs.

Market Drivers and Restraints:

Key factors in the growth of the global cloud computing market are the increasing trend of BYOD, as well as several advantages that cloud computing offers over the local computing system. Data security is the biggest obstacle to the growth of the cloud computing services market, as companies believe that their data is more secure in internal data centers than in a virtual cloud network. Importantly, small and medium-sized businesses are more sceptical of cloud technology, which leads to the low rate of technology adoption. The biggest challenge for the growth in the adoption rate of cloud computing technology is increasing awareness of its security aspects.

Market Segmentation:

The global cloud computing market has been segmented based on service model, deployment model, organization size, and region.

  • Based on the service model, the market has been segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). The SaaS segment accounted for the largest market share of 58% in 2018, and is expected to post a high CAGR over the forecast period.
  • Depending on the mode of deployment, the market has been segmented into private, public and hybrid cloud. The public cloud segment accounted for the largest market share in 2018 and is expected to record a CAGR of 20% over the forecast period.
  • Depending on the size of the organization, the market has been divided into small and medium-sized companies and large companies. The large enterprise segment accounted for the largest market share in 2018 and is expected to record a CAGR of 19% over the forecast period.
  • Based on the vertical, the market is segmented into Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Personal Care, Healthcare and Life Sciences and others.

Regional Analysis:

Geographically, the global cloud computing industry has been segmented into Asia Pacific, North America, Europe, the Middle East, and Africa and South America.

North America leads the market in terms of revenue share. Some of the factors responsible for the growth of the market include the growing need for companies to offer flexible work options to their employees, as well as better Internet connectivity. Furthermore, the presence of large companies such as Microsoft Corporation, Cisco Systems Inc., Google, IBM Corporation, Amazon Web Services Inc. and others is one of the driving factors for cloud computing in this region.

Europe has been segmented into the United Kingdom, Germany, France, Spain, Italy and the rest of Europe. Of these, the UK is expected to get the largest market share, followed by Germany and France. Some of the factors responsible for the growth of the market include the increasing use of cloud-based solutions. Additionally, many companies are employee-focused and offer flexible work options for their employees. Greater automation and agility is an important factor driving the market in Europe

Key Market Players:

The major players in the global cloud computing industry are Amazon.com Inc., Microsoft Corporation, Alphabet Inc, Oracle Corporation, Cisco Systems, Inc., Salesforce.com, Inc., SAP SE, VMware, Inc., IBM Corporation, Alibaba Group Holding Ltd., Rackspace Inc., Adobe Systems Inc., SAS Institute Inc., Dell EMC Corp., and TIBCO Software Inc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cloud Computing Market, By Service Model                

                                6.1.1 SaaS           

                                6.1.2 PaaS           

                                6.1.3 IaaS            

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Cloud Computing Market, By Deployment                   

                                6.2.1 Public        

                                6.2.2 Private      

                                6.2.3 Hybrid       

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Cloud Computing Market, By Organization Size                          

                                6.3.1 Large Enterprises 

                                6.3.2 Small & Medium Enterprises           

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Cloud Computing Market, By Vertical                             

                                6.4.1 BFSI            

                                6.4.2 IT & Telecommunication   

                                6.4.3 Retail and Consumer Goods            

                                6.4.4 Manufacturing      

                                6.4.5 Healthcare & Life Sciences               

                                6.4.6 Government & Public Sector           

                                6.4.7 Media & Entertainment    

                                6.4.8 Energy & Utility     

                                6.4.9 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.10 Y-o-Y Growth Rate Analysis           

                                6.4.11 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Service Model 

                                7.2.3 By Deployment     

                                7.2.4 By Organization Size            

                                7.2.5 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Service Model 

                                7.3.3 By Deployment     

                                7.3.4 By Organization Size            

                                7.3.5 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Service Model 

                                7.4.3 By Deployment     

                                7.4.4 By Organization Size            

                                7.4.5 By Vertical               

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Service Model 

                                7.5.3 By Deployment     

                                7.5.4 By Organization Size            

                                7.5.5 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Service Model 

                                7.6.3 By Deployment     

                                7.6.4 By Organization Size            

                                7.6.5 By Vertical               

8. Key Player Analysis                                    

                8.1 Amazon.com Inc                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Microsoft Corporation                           

                8.3 Alphabet Inc                              

                8.4 Oracle Corporation                  

                8.5 Cisco Systems Inc                     

                8.6 Salesforce.com, Inc                 

                8.7 SAP SE                          

                8.8 VMWare, Inc                             

                8.9 IBM Corporation                      

                8.10 SAS Institute Inc                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Service Model, Deployment, Organization Size, Vertical along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Cloud Computing Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cloud Computing Market By Service Model, From 2020-2025 ( USD Billion )
  3. Global SaaS Market By Region, From 2020-2025 ( USD Billion )
  4. Global PaaS Market By Region, From 2020-2025 ( USD Billion )
  5. Global IaaS Market By Region, From 2020-2025 ( USD Billion )
  6. Global Cloud Computing Market By Deployment, From 2020-2025 ( USD Billion )
  7. Global Public Market By Region, From 2020-2025 ( USD Billion )
  8. Global Private Market By Region, From 2020-2025 ( USD Billion )
  9. Global Hybrid Market By Region, From 2020-2025 ( USD Billion )
  10. Global Cloud Computing Market By Organization Size, From 2020-2025 ( USD Billion )
  11. Global Large Enterprises Market By Region, From 2020-2025 ( USD Billion )
  12. Global Small & Medium Enterprises Market By Region, From 2020-2025 ( USD Billion )
  13. Global Cloud Computing Market By Vertical, From 2020-2025 ( USD Billion )
  14. Global BFSI Market By Region, From 2020-2025 ( USD Billion )
  15. Global IT & Telecommunication Market By Region, From 2020-2025 ( USD Billion )
  16. Global Retail and Consumer Goods Market By Region, From 2020-2025 ( USD Billion )
  17. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  18. Global Healthcare & Life Sciences Market By Region, From 2020-2025 ( USD Billion )
  19. Global Government & Public Sector Market By Region, From 2020-2025 ( USD Billion )
  20. Global Media & Entertainment Market By Region, From 2020-2025 ( USD Billion )
  21. Global Energy & Utility Market By Region, From 2020-2025 ( USD Billion )

 

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