GLOBAL FORECAST TO 2025 FOR CLOUD COMPUTING MARKET
GLOBAL FORECAST TO 2025 FOR CLOUD COMPUTING MARKET BY SERVICE MODEL (INFRASTRUCTURE AS A SERVICE (IAAS), PLATFORM AS A SERVICE (PAAS), AND SOFTWARE AS A SERVICE (SAAS), DEPLOYMENT MODEL (PUBLIC AND PRIVATE), ORGANIZATION SIZE, VERTICAL, AND REGION
The work-from-home (WFH) initiative has had a positive impact on the cloud market in verticals such as IT, telecom, BFSI, and media and entertainment. Owing to the need to stay at home during lockdowns, employees are increasingly depending on cloud collaboration platforms for communication and consuming OTT streaming services. During the projected period, the worldwide cloud computing market is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 17.5 percent, from USD 371.4 billion in 2020 to USD 832.1 billion in 2025.
VALUATION OF GLOBAL CLOUD ENGINEERING MARKET AS IT STANDS
The global cloud engineering market was valued at USD 12.92 billion in 2020 and is expected to grow to USD 14.92 billion in 2021, with a CAGR of 15.75 percent to reach USD 31.10 billion by 2026. Because of the COVID-19 pandemic, digital business transformation has become more difficult and urgent. As a result of the pandemic’s economic impact, global powerhouses are providing customers with cost-effective and productive digital solutions. The demand for cloud solutions and services has increased as a result of the sudden closures of offices, schools, and businesses.
COMPETITIVE STRATEGIC WINDOW
The Competitive Strategic Window examines the competitive landscape in terms of markets, applications, and geographies to assist the vendor in determining a fit or alignment between their capabilities and future growth opportunities. It describes the best or most advantageous fit for vendors to implement successive merger and acquisition strategies, geographic expansion strategies, research and development strategies, and new product introduction strategies to execute further business expansion and growth over a forecast period.
MARKET SHARE ANALYSIS
The Market Share Analysis examines suppliers in terms of their contribution to the market as a whole. It indicates how much money it generates in comparison to other suppliers in the sector. It gives information on how suppliers compare to one another in terms of revenue creation and client base. For the base year, knowing market share gives you a sense of the size and competitiveness of the suppliers. It displays the market’s accumulation, fragmentation, dominance, and amalgamation features.
IAAS ENHANCES PERFORMANCE BY LOWERING THE COST OF ESTABLISHING IT INFRASTRUCTURE AND HARDWARE
IaaS allows businesses to take advantage of their IT infrastructure without having to pay for the physical infrastructure. It also improves cooperation and gives flexibility, mobility, and quick, scalable access to apps, allowing organizations to focus on their core operations. The growing use of smartphones and other devices to access the internet has accelerated the digitalization trend among businesses that create significant amounts of data regularly. These reasons have heightened worries among businesses about losing emphasis on core company operations and satisfying consumer demand. IaaS lowers the cost of establishing IT infrastructure, hardware, and recruiting trained personnel. As a result of these advantages, IaaS usage is projected to increase.
DURING THE PROJECTION PERIOD, THE RETAIL AND CONSUMER GOODS VERTICAL TO INCREASE AT THE FASTEST RATE
In terms of the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital shops, and social networks, the retail and consumer goods sector is one of the fastest-growing verticals. The growing spending power of consumers, as well as the need to meet customer expectations, are driving this adoption. This results in existing customer retention and new client acquisition. The retail and consumer products industries have been severely impacted by online shopping and cloud technology, resulting in the widespread use of cloud computing, mostly for storage, backup, and security services.
DURING THE PROJECTION PERIOD, NORTH AMERICA TO HAVE THE GREATEST MARKET SIZE, AND ASIA PACIFIC (APAC) TO GROW AT THE FASTEST RATE
Owing to numerous reasons, such as the existence of many companies with modern IT infrastructure and the availability of technical talent, North America is the most developed market in terms of cloud computing services adoption. During the projected period, APAC is likely to offer substantial growth prospects for cloud computing suppliers. Many companies have adopted cloud computing services as a result of rapid developments in new technologies, IT infrastructure services, and the Internet of Things (IoT).
SALIENT FEATURES OF THE REPORT
The research divides the worldwide cloud computing industry into three service models: IaaS, SaaS, and PaaS. Primary storage, disaster recovery, backup, archiving, and computation are all part of the IaaS paradigm. Application development and platforms, application testing and quality, analytics and reporting, integration and orchestration, and data management are all part of the PaaS concept.
The following pointers are discussed in the report:
1. Market Penetration: Provides detailed market information from the major competitors.
2. Market Development: Provides in-depth information on profitable developing markets, as well as an analysis of market penetration in existing areas.
3. Market Diversification: Provides in-depth information on new product releases, underserved areas, current developments, and investment opportunities.
4. Competitive Assessment & Intelligence: Provides an in-depth analysis of the top competitors’ market shares, strategy, products, certification, regulatory approvals, patent landscape, and production capacities.
5. Product Development & Innovation: Provides insightful information about future technologies, research and development efforts, and game-changing product innovations.
The paper provides solutions to queries like:
1. What is the global market size and forecast for cloud engineering?
2. What are the restraining factors and COVID-19’s influence on the Global Cloud Engineering Market during the projected period?
3. Which products/segments/applications/areas in the Global Cloud Engineering Market should you invest in during the projected period?
4. What is the global cloud engineering market’s competitive strategic window for opportunities?
5. What are the global cloud engineering market’s technology trends and regulatory frameworks?
6. What is the main vendor’s market share in the global cloud engineering market?
7. What are the best ways to enter the global cloud engineering market and what strategic actions should you make?
The report profiles the following companies:
1. AWS (US)
2. Microsoft (US)
3. Google (US)
4. Alibaba (China)
5. SAP (Germany)
6. IBM (US)
7. Oracle (US)
8. VMware (US)
9. Rackspace (US)
10. Salesforce (US)
11. Adobe (US)
12. CenturyLink (US)
13. Fujitsu (Japan)
14. Workday (US)
15. Infor (US)
16. Sage Group (UK)
17. Intuit (US)
18. Epicor (US)
19. IFS (Sweden)
20. ServiceNow (US)
21. OpenText (US)
22. Cisco (US)
23. Box (US)
24. Zoho (US)
25. Citrix (US)
26. Upland Software (US)
27. DigitalOcean (US)
28. Bluelock (US)
29. OVH (France)
30. Joyent (US)
31. Skytap (US)
32. Virtuestream (US)
33. Tencent (China)
34. DXC (US)
35. NEC (Japan)
Navisite (US)For more information about this report visit: https://www.researchandmarkets.com/r/d0bf9k