The distributed cloud global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Distributed Cloud Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The distributed cloud market size has grown rapidly in recent years. It will grow from $4.17 billion in 2023 to $4.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to growth in edge computing and iot applications, demand for low latency and high-performance computing, expansion of 5g networks, adoption of hybrid and multi-cloud strategies, emphasis on data sovereignty and regulatory compliance.
The distributed cloud market size is expected to see exponential growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to increasing integration of artificial intelligence in distributed cloud, increased adoption in edge computing environments, growth in remote work and decentralized operations, expansion of distributed cloud for augmented reality (ar) and virtual reality (vr), emphasis on edge security and privacy in distributed cloud. Major trends in the forecast period include development of edge-native and cloud-native applications, integration of containerization and orchestration technologies, rise of decentralized cloud marketplaces and ecosystems, adoption of serverless computing in distributed cloud environments, focus on sustainability and green computing in distributed cloud solutions.
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Scope Of Distributed Cloud Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The adoption of distributed cloud by end-user industries is expected to boost the growth of the distributed cloud market going forward. A distributed cloud service is a public cloud that operates in multiple locations. This distribution of services enables an organization to satisfy extreme specific requirements for response time and performance, regulatory or governance compliance mandate, or other demands requiring cloud infrastructure to be situated anywhere other than the cloud provider’s typical availability zones. It offers benefits including increased compliance and uptime, scalability & flexibility, and faster processing, and performance. These advantages encourage organizations to adopt distributed cloud computing. For instance, in January 2023, according the data released by Google Cloud Platform a US-based provider of cloud platform for enterprises, 26% of enterprises reported using multiple public clouds in 2022, up from 21% in 2021. Therefore, the adoption of distributed cloud by end-user industries will drive the distributed cloud market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The distributed cloud market covered in this report is segmented –
1) By Type: Public-Resource Computing, Volunteer Cloud Computing
2) By Service Type: Data Security, Data Storage, Networking, Autonomy, Other Service Types
3) By Enterprise Size: Large Enterprises, Small and Medium-Sized Enterprises
4) By Application: Edge Computing, Content Delivery, Intelligent Transportation, Other Applications
5) By Industry Vertical: Banking, Financial Services and Insurance, Government and Defence, Retail and E-Commerce, Healthcare, IT and Telecom, Manufacturing, Media and Entertainment, Other Industry Verticals
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Regional Insights –
North America was the largest region in the distributed cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the distributed cloud market report are Alibaba Cloud, Amazon Web Services Inc., CloudSigma AG, DigitalOcean LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Technology, Salesforce Inc., VMware Inc., Google Inc., Pivotal Inc., SAP SE, Verizon Communications Inc., F5 Inc., Axway Inc., Accenture plc, Akamai Technologies Inc., Atos SE, BT Group plc, Capgemini SE, Lumen Technologies Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., Cognizant Technology Solutions India Pvt Ltd., DXC Technology Company, Fujitsu Ltd., Hewlett Packard Enterprise, Infosys Limited, NEC Corporation, NTT Communications Corporation, OpenText Corporation, Red Hat Inc., ServiceNow Inc., Siemens AG, Tata Consultancy Services, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, Unisys Corporation, Wipro Limited, Workday Inc., Zoho Corporation., Zscaler Inc., Zuora Inc.
Table of Contents
1. Executive Summary
2. Distributed Cloud Market Characteristics
3. Distributed Cloud Market Trends And Strategies
4. Distributed Cloud Market – Macro Economic Scenario
5. Global Distributed Cloud Market Size and Growth
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31. Global Distributed Cloud Market Competitive Benchmarking
32. Global Distributed Cloud Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Distributed Cloud Market
34. Distributed Cloud Market Future Outlook and Potential Analysis
35. Appendix
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