According to TechSci Research, United Kingdom cloud computing market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to expanding cloud computing services in demand in the country. Incorporation of artificial intelligence (AI) and the machine learning that enables the growth of the industries as well as the economy of the country further drives the growth of the United Kingdom cloud computing market in the upcoming five years. Multiple businesses and corporates adopted the use of cloud computing during the pandemic years that is further expected to aid the growth of the United Kingdom cloud computing market in the next five years. Further encouragement and investments in the development of the IT infrastructure also influences the growth of the United Kingdom cloud computing market in the future five years.
Cloud computing is a process of using network of remote servers hosted on the internet to store, manage, and process data, rather than a local server or a personal computer. In simpler terms, the process of cloud computing is the delivery of computing services through server storage, databases, networking, software, analytics, and intelligence. The storage of the data is done online and thus called as cloud computing. Through the online storage of the data, faster innovation, flexible resources, and economies of scale can easily be achieved.
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Increasing Internet Penetration Drives Market Growth
Growing usage of internet and its adoption in various internet of things is actively driving the growth of the United Kingdom cloud computing market in the upcoming five years. With the use of internet, the demand for the data security has also expanded. Data stored on cloud is at high risk of data theft due to certain notorious entities. The government actively thrives for the internet security with the online financial activities and growing businesses on the online platform, thereby supporting the growth of the United Kingdom cloud computing market in the future five years.
The United Kingdom accounts for 16.8% of the European cloud computing industry. With consumers highly inclined toward the usage of smart phones, smart devices with the incorporation of the artificial intelligence and internet of things, would also manifest the growth of the United Kingdom cloud computing market in the next five years.
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Market Segmentation
The United Kingdom cloud computing market is segmented by service model, deployment model, organization size, vertical, competitional landscape, and regional distribution. Based on service model, the market is further segmented into infrastructure as a service, platform as a service and software as a service. By deployment model, the market is differentiated between public and private. Based on organization size, the market is distinguished between large enterprises and small & medium-sized enterprises. By vertical, the market is fragmented into BFSI, IT & telecom, government, retail, manufacturing, energy & utilities, healthcare, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
Company Profile
Amazon Web Services, Microsoft Corporation, IBM, Salesforce Inc., Google Inc., Oracle Corporation, SAP SE, Alibaba Cloud, Fujitsu, Zoho Corporation, among others is a partial list of major market players of the companies responsible for the growth of United Kingdom cloud computing market.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Service Model · Deployment Model · Organization Size · Vertical |
| Regional scope | London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside |
| Key companies profiled | Amazon Web Services, Microsoft Corporation, IBM, Salesforce Inc., Google Inc., Oracle Corporation, SAP SE, Alibaba Cloud, Fujitsu, Zoho Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, United Kingdom cloud computing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United Kingdom cloud computing market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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