Cloud Computing Market Growing at 15% CAGR with Amazon Web Services, Google, IBM, HP, Dell, Akamai, CA Technologies
Global Cloud Computing Market research report by cloud service type (SaaS, PaaS, IaaS), deployment model (private cloud, public cloud, hybrid cloud, community cloud), application (government, banking, healthcare) – Forecast till 2023
Pune, India – July 30, 2018 /MarketersMedia/ —
Cloud Computing Market
According to Market Research Future analysis, cloud computing market is anticipated to grow at a significant rate over the forecast period, 2017-2023.
Traditional business applications have always been very complicated and expensive. The amount and variety of hardware and software required to run them are daunting. They need a whole team of experts to install, configure, test, run, secure, and update them. Through cloud computing organizations can spin up compute resources for almost any type of workload on demand. This eliminates the traditional need for IT administrators to provision and manage compute resources.
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The market for global cloud computing market is segmented on the basis of cloud service type, deployment model and application. On the basis of cloud service type the segment is further classified into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS). IaaS providers, such as Amazon Web Services (AWS), supply a virtual server instance and storage, as well as APIs that enable users to migrate workloads to a VM. Users have an allocated storage capacity and can start, stop, access and configure the VM and storage as desired. IaaS providers offer small, medium, large, extra-large and memory- or compute-optimized instances, in addition to customized instances, for various workload needs.
In the PaaS model, cloud providers host development tools on their infrastructures. Users access these tools over the internet using APIs, web portals or gateway software. PaaS is used for general software development, and many PaaS providers host the software after it’s developed. Common PaaS providers include Salesforce’s Force.com, AWS Elastic Beanstalk and Google App Engine. SaaS is a distribution model that delivers software applications over the internet; these applications are often called web services. Users can access SaaS applications and services from any location using a computer or mobile device that has internet access. One common example of a SaaS application is Microsoft Office 365 for productivity and email services.
Regional Analysis
North-America dominated the Global Cloud Computing Market with the largest market share due to availability of large IT market and developed cloud data centers in the region and is expected to grow through the forecast period. Japan is expected to increase their spending on tech goods and services in coming years, which is the largest among all Asia Pacific countries. China is not far behind and will grow much faster. India is a distant third but will have the fastest growth.
Some of the major players in Global Cloud Computing Market include Akamai Technologies Inc. (U.S.), Amazon Web Services LLC (U.S.), CA Technologies (U.S.), Dell Inc. (U.S.), Flexiant Ltd. (U.K.), Google Inc. (U.S.), Hewlett-Packard Development Company L.P. (U.S.), IBM Corporation (U.S.), Joyent Inc. (U.S.), and Microsoft Corporation (U.S.) among others.
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List Of Figures
FIGURE 1 Global Cloud Computing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Cloud Computing Market
FIGURE 4 Value Chain Of Global Cloud Computing Market
FIGURE 5 Share Of Global Cloud Computing Market In 2017, By Country (In %)
FIGURE 6 Global Cloud Computing Market, 2017-2023,
FIGURE 7 Sub Segments Of Cloud Service Type
FIGURE 8 Global Cloud Computing Market Size By Cloud Service Type, 2017
FIGURE 9 Share Of Global Cloud Computing Market By Cloud Service Type, 2017 TO 2023
FIGURE 10 Global Cloud Computing Market Size By Deployment Model, 2017 TO 2023
FIGURE 11 Share Of Global Cloud Computing Market By Deployment Model, 2017 TO 2023
FIGURE 12 Global Cloud Computing Market Size By Application, 2017 TO 2023
FIGURE 13 Share Of Global Cloud Computing Market By Application, 2017 TO 2023
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