Public Cloud Market 2018 Global Industry Analysis by Size, Share, Development Strategy, Historical Analysis, Opportunity Assessment and Regional Forecast to 2023
Market Research Future published a research report on “Public Cloud Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – March 18, 2019 /MarketersMedia/ —
Market Snapshot
The global market for public cloud to expedite at a compound annual growth rate (CAGR) of 22.78% during the projection period (2017-2023). Cloud computing facilitates a range of services that involve robust server efficiency, networking, analytics etc. The number of cloud service providers is growing at a rapid pace owing to the element of lucrativeness that the technology currently holds. As more and more enterprises and micro business entities shift towards digitization, cloud services find new opportunities. Such factors are expected to play a crucial role in guiding the course of the global Public Cloud Market over the next couple of years. Moreover, expansion of the internet-of-things (IoT) is reflecting favorably on cloud deployments. Policymakers, particularly in fast-developing countries are introducing new frameworks to boost digitization and facilitate low-cost internet services for citizens. As public cloud services are usually free, their popularity continues to rise in countries such as India, Brazil and China. The outlook remains positive for the public cloud market, with new avenues of growth likely to emanate in the near future.
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Report Overview
The MRFR report delivers a commentary on the current market trends and the prospects of public cloud over the next five years. A detailed analysis of key market elements has been offered in the report. It also includes a comprehensive discussion on the macro and micro-economic aspects likely to influence public cloud deployments during the review period. The scope of the discussion also covers various cloud computing branches such as cloud billing, cloud communication platform, cloud access security, cloud high-performance computing, and cloud infrastructure. For market sizing, all the important public cloud services were also considered – SaaS, PaaS, and IaaS. The report also covers deployments based on organization size that includes large, small and medium enterprises. End-use industries considered in the report include manufacturing, BFSI, healthcare, retail, government, aerospace and defense, and IT & telecommunication. Valuations for all the submarkets are also available under five major regions – North America, Europe, Latin America, Asia Pacific and the Middle East & Africa (MEA), with the respective country-level market sizing.
Key Players:
International Business Machines Corporation, Amazon.com, Inc., Microsoft Corporation, Google Inc., Hewlett-Packard Enterprise, Oracle Corporation, VMware, Inc., Cisco Systems, Inc., Salesforce.com, and Fujitsu Limited.
Segmentation
The global public cloud market has been segmented on the basis of cloud computing, industry, organization size, service, and lastly, region. Based on cloud computing, this market has been segmented into cloud access security, cloud billing, cloud communication platform, cloud high performance computing, and cloud infrastructure. The industry-based segmentation segments the market into aerospace & defense, Banking, Financial Services and Insurance (BFSI), government, healthcare, Information Technology (IT) & telecommunication, manufacturing, retail, and others.
As per the organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises. The service-based segmentation of this market covers Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a service (IaaS).
Regional Analysis
The regional segmentation of the global public cloud market segments the market into continent-based regional markets known as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa (MEA). North America is the leading the global market due to technological advancement, the growing adoption as well as sales of smart devices and bring your own device (BYOD). Other factors responsible for market growth in this region include the availability of public cloud services with reduced implementation costs, data compliance issues, complexities & data security related to data residency, good internet speed, and rising demand due to greater scalability & manageability of cloud-based services. The United States of America (USA), had generated revenue worth the US $ 148.71 bn in 2017. By the end of the forecast period, the US market is likely to develop with rising 22.01% CAGR. Other relevant country-specific markets in this region are Canada and Mexico. Many key market players are based in North America, especially in the USA.
Europe is the second largest regional market because, after North America, it has the highest technological advancement. The United Kingdom (UK) has generated a high revenue worth the US $ 27.14 bn in 2017 which by the end of forecast period, can grow with fastest growing 25.07% CAGR. Other influential country-specific markets in this region are France, Germany, Italy, the Netherlands, and Spain, followed by the rest of Europe.
Asia Pacific region can emerge as a strong market due to the strong IT industry of India and China. Japan is the most technologically advanced country in this region because of which, it has the potential of being a strong market. Apart from China, India, and Japan, South Korea is another important country-specific market, followed by the rest of the Asia Pacific region. In Latin America, the strong economies that can be ideal markets are Argentina and Brazil, followed by the rest of Latin America.
The MEA region shows limited market slow and steady growth. The reasons for the slow market growth in this region are lack of awareness, lack of education, lack of technological development, political instability.
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Intended Audience
• Cloud providers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrators
• Government Organizations
• Research/Consultancy firms
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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 493085
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