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Adoption of cloud-based solutions in developing economies such as India, China, Brazil, and Africa will drive the growth of the market, as per The Business Research Company’s cloud services market opportunities and strategies report.

The cloud services market is expected to grow from $0.79 trillion in 2025 to $1.42 trillion in 2030 at a CAGR of 12.3%.

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Major players in the cloud services market include Amazon, Microsoft Corporation, IBM Corporation, Oracle Corporation, Dell Technologies Inc.

Cloud service providers are increasingly using artificial intelligence to increase the efficiency and speed of cloud computing services. Artificial intelligence leverages computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. Using AI in cloud services can increase productivity and efficiency while automating repetitive tasks and supporting human capabilities. The advantages of using AI for cloud based services include lowering adoption costs, facilitates co-creation and innovation and driving AI-powered transformation for enterprises. Cloud service providers can use AI-powered network security tools to track and evaluate network traffic.

The Global Cloud Services Market Is Segmented:
By Type: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS), Business Process As A Service (BPaaS)

By End-Use Industry: BFSI (Banking, Financial Services, And Insurance), Media And Entertainment, IT & Telecom, Manufacturing, Retail, Education, Healthcare, Others

By Application: Storage, Backup, And Disaster Recovery, Application Development And Testing, Database Management, Business Analytics, Integration And Orchestration, Customer Relationship Management (CRM), Others

By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud

By Enterprise Size: Small & Medium Enterprises (SMEs), Large Enterprises

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s Cloud Services Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Cloud Services 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 thorough cloud services market research, analyzes and forecasts cloud services market size, cloud services market share, cloud services market players, cloud services market trends, cloud services market segmentation 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.

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.

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