The Cloud Services Global Market Report 2021-31 by The Business Research Company describes and explains the global cloud services market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Cloud Services Global Market Report 2022 covers cloud services market drivers, cloud services market trends, cloud services market segments, cloud services market growth rate, cloud services market major players, and cloud services market size.
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The cloud services market report provides in-depth analysis of the impact of COVID-19 on the global cloud services industry along with revised market numbers due to the effects of the coronavirus and the expected cloud services market growth numbers for 2022-2031.
The global cloud services market size is expected to grow from $394.70 billion in 2021 to $455.70 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cloud service market share is expected to reach $776.13 billion in 2026 at a CAGR of 14.2%.
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Cloud Services Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the cloud services market segments-
1) By Type: Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Business Process as a Service (BPaaS)
2) By End-User Industry: BFSI, Media and Entertainment, IT and Telecommunications, Energy and Utilities, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Others
3) By Application: Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Others
4) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
5) By Organization Size: Large Enterprises, Small and Medium Enterprises
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