Global Cloud Services Market
Information Technology

Global Cloud Services Market Overview And Prospects

Learn about the global cloud services market through The Business Research Company, which provides information on cloud services market size, cloud services market drivers and restraints, cloud services market players, the COVID-19 impact on the cloud services market, and more.

 

The global cloud services market reached a value of nearly $396,103.3 million in 2020, having increased at a compound annual growth rate (CAGR) of 12.5% since 2015. The cloud services market is expected to grow from $396,103.3 million in 2020 to $ 798,843.9 million in 2025 at a rate of 15.1%. The growth is mainly due to the IoT technology adoption by manufacturing, transportation services, and other industries. The cloud services market is expected to grow from $798,843.9 million in 2025 to $1,429,672.6 million in 2030 at a CAGR of 12.3%.

Going forward, rising adoption of cloud services in developing regions, internet of things (IoT), COVID-19 outbreak, increasing smart cities, and rising penetration of e-commerce are expected to drive the cloud services market.

 

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The cloud services market consists of sales of cloud services by entities (organizations, sole traders, and partnerships) that provide the delivery of information technology resources and applications on-demand through an internet platform. Companies in the cloud services industry provide access to servers, storage, databases, and a broad set of application services through the internet. The cloud services market includes sales of storage servers that are used to store, access, secure, and manage digital data, files, and services. In this report, sales of public cloud services, private cloud services, hybrid cloud services, and multi-cloud services offered by providers are included.

 

Global Cloud Services Market Segments Include:
By Type: Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS), Business Process as a service (BPaaS)
By End-User Industry: BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Others
By Application: Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Others
By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
By Enterprise Size: Large Enterprises, Small And Medium Enterprises
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global cloud services market, accounting for 60.9% of the market in 2020.

 

Virtual cloud desktops is an emerging trend in the cloud services market. Enterprises in the cloud services industry are increasingly focusing on virtual desktop solutions, owing to the disruption of manual operations after the pandemic. Virtual cloud desktop also known as cloud-hosted virtual desktop refers to a virtual environment where the entire desktop operating system with other software applications, are encapsulated into a software package and run as an instance on any compatible computer/server using virtual machine software. these desktops can be run on a single physical server and can be moved from one host to another. Users can get a centralized cloud platform for efficient data sharing and reduces the capital expenses and can work from anywhere.

 

TBRC’s cloud services market report covers:

Major Market Players: Amazon, Microsoft Corporation, IBM Corporation, Oracle Corporation, Dell Technologies Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

 

The Cloud Services Global Market Report 2022: Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides cloud services market overviews, analyses and forecasts market size, share, cloud services market players, cloud services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s cloud services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches

 

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