The Public Cloud Global Market Report 2023, provides comprehensive information on the public cloud market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Public Cloud Market’s Growth:
https://www.thebusinessresearchcompany.com/report/public-cloud-global-market-report
As per The Business Research Company’s Public Cloud Global Market Report 2023, the global public cloud market size is expected to grow from $492.39 billion in 2022 to $588.53 billion in 2023 at a compound annual growth rate (CAGR) of 19.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global public cloud market size is expected to reach $1188.6 billion in 2027 at a CAGR of 19.2%.
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Technological advancements are a key trend gaining popularity in public cloud market. Major companies involved in the public cloud market are focused on innovating new products to sustain their position in the market. For instance, in April 2021, RiverMeadow Software Inc., US-based provider of Cloud Migration and Disaster Recovery Software and Services, announced the addition of new capability to its market-leading Cloud Migration Platform to allow customers the option to carry out VM-based or OS-based migrations to any cloud. This makes RiverMeadow the only Multi-Cloud Migration Platform in the market to offer customers the choice of how they migrate to Public Clouds, including Microsoft Azure, Google Cloud Platform (GCP) or Amazon Web Services (AWS). It facilitates migration from public cloud to private or on-premises cloud, as well as migration between any public cloud.
The public cloud market is segmented:
1) By Service: Business Process Services (BPaaS), Application Infrastructure Services (PaaS), Application Services, Management And Security Services, Systems Infrastructure Services (IaaS), Advertising
2) By Component: Hardware, Software
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Discrete Manufacturing, Professional Services, Banking, Process Manufacturing, Retail, Other End-Users
North America was the largest region in the public cloud market in 2022.
The table of contents in TBRC’s public cloud market report includes:
- Executive Summary
- Public Cloud Market Characteristics
- Public Cloud Market Trends And Strategies
- Public Cloud Market – Macro Economic Scenario
- Public Cloud Market Size And Growth
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- Africa Public Cloud Market
- Public Cloud Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Public Cloud Market
- Public Cloud Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- International Business Machines Corporation
- Amazon Web Services Inc
- Salesforce Inc
- Oracle Corporation
- Microsoft Corporation
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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