Cloud Computing Market

All businesses today, regardless of their size or scope, adhere to the widely accepted trend of cloud computing across a range of industrial sectors. The practicality of a work-from-home configuration to ensure uninterrupted operations was assisted by cloud networks, especially during the Covid when remote working was the sole option. In addition to storing data online, the cloud also helps to do away with the need to maintain databases or physical records.

Additionally, the global market for public cloud solutions is expanding at a rate of 21% per year and is anticipated to reach USD 600 billion in 2023.

Cloud computing technologies include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS) solution that will handle more than 60% of the workload.

However, every cutting-edge technology has its drawbacks. Cloud-based data storage is not completely safe. The data may or may not be properly secured by the small businesses offering cloud services. So, industry can embrace greater security in the future to stop cyberattacks. Some of big market players are providing better security protections and balancing techniques to stop cyberattacks. Nonetheless, this will propel the cloud computing sector across a range of end-use verticals.

Global Cloud Computing Market Segmentation:

By Deployment

• Private Cloud
• Hybrid Cloud
• Public Cloud

By Service

• Software as a Service (SaaS)
  • Customer Relationship Management (CRM)
  • Enterprise Resource Management (ERM)
  • Human Capital Management (HCM)
  • Content Management
  • Collaboration and Productive Suites
  • Supply Chain Management (SCM)
  • Others (Business Intelligence (BI) and Analytics, PPM and operations and manufacturing applications)
• Infrastructure as a Service (IaaS)
  • Primary Storage
  • Disaster Recovery and Backup
  • Archiving
  • Compute
• Platform as a Service (PaaS)
  • Application Development and Platforms
  • Application Testing and Quality
  • Analytics and Reporting
  • Integration and Orchestration
  • Data Management

By Organization Size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By End User

• IT and Telecom
• BFSI
• Manufacturing
• Healthcare
• Retail and Consumer Goods
• Media and Entertainment
• Energy and Utilities
• Government and Public Sector
• Others

 To Key Players Global Cloud Computing Market

• Amazon.com Inc.
• Microsoft Corporation
• Alphabet IncOracle Corporation
• Salesforce.com
• VMwareInc.
• IBM Corporation
• Alibaba Group Holding Ltd.
• Dell EMC Corp.
• Rackspace Inc.
• Adobe Systems Inc.
• SAS Institute Inc
• TIBCO Software Inc.