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.
Get Free Exclusive PDF Sample Copy of This Research: https://analyticsmarketresearch.com/sample-request/cloud-computing-market/59148/
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
To Know More, Click here: https://analyticsmarketresearch.com/reports/cloud-computing-market/59148/
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
