The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing adoption of 5G technology is likely to stimulate innovation in public cloud manufacturing, propelling the market during the forecast period.

The global public cloud market 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 global public cloud market size is expected to reach $1188.6 billion in 2027 at a CAGR of 19.2%.

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Global Public Cloud Market Segments Include:

• By Service: Business Process Services (BPaaS), Application Infrastructure Services (PaaS), Application Services, Management And Security Services, Systems Infrastructure Services (IaaS), Advertising
• By Component: Hardware, Software
• By Organization Size: Small And Medium Enterprises, Large Enterprises
• By End-User: Discrete Manufacturing, Professional Services, Banking, Process Manufacturing, Retail, Other End-Users
• 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 is the largest region in the global public cloud market in 2021.

Major Market Players in the public cloud market include International Business Machines Corporation, Amazon Web Services Inc., Salesforce Inc., Oracle Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc., VMware Inc.

Technological developments are a crucial trend that is gaining traction in the public cloud industry. To maintain their market position, major players in the public cloud market are focusing on developing new solutions. For example, RiverMeadow Software Inc., a US-based provider of Cloud Migration and Disaster Recovery Software and Services, announced in April 2021 the addition of a new capability to its market-leading Cloud Migration Platform that will allow customers to perform VM-based or OS-based migrations to any cloud. RiverMeadow is the first Multi-Cloud Migration Platform on the market that gives customers the option of migrating to Public Clouds such as Microsoft Azure, Google Cloud Platform (GCP), or Amazon Web Services (AWS). It makes it easier to migrate from public cloud to private or on-premises cloud, as well as between any public cloud.

The Public Cloud Global Market Report 2023  provides a public cloud market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The public cloud market forecast analyzes public cloud market size, public cloud market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A public cloud is a type of cloud computing in which third-party computer services and infrastructure are provided to several consumers via the internet. It is a fully virtualized system that supports on-demand computing and self-service provisioning.

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