Cloud Computing Services Market is Growing at a CAGR of 18.5% During the Forecast Period 2017-2025

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The Growth of Infrastructure and Platform as a Service Has Significantly Expanded Cloud Computing Market in Past Few Years

According to Goldstein Research, growing awareness and familiarity with public cloud services are significantly contributing to the development of public cloud services market and its worldwide acceptance. For instance, in 2014, General Electric shifted over 90 percent of their applications in a public cloud environment. Global cloud computing market outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for the significant expansion of business in developed and as well as in developing countries across the globe.

Further, According to our study, SaaS will account for 60% of all cloud-based workloads—a 12% escalation over 2017 estimates. PaaS (Platform as a Solution) will experience a modest five percent growth rate, while IaaS solutions are also set to grow. However, data privacy and security is a delicate matter which is continuously creating challenges for the growth of cloud computing business.

Market Segmentation

On the basis of our in-depth analysis, global cloud computing market can be segmented as follows:

  • Based on Mode of Deployment
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • Based on Cloud Service
    • Infrastructure as a service (IaaS)
    • Platform as a service (PaaS)
    • Software as a service (SaaS)
  • By End Users
    • Manufacturing Sector
    • Banking & Finance Service Sector
    • Government Sector
    • Private Organizations
    • Healthcare Sectors
    • Consumer Electronics
    • Other Sectors (Education)
  • By Geography
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

 

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Cloud Computing Industry Insights & Challenges

“Global Cloud computing market outlook 2024” contains a detailed overview of the global cloud computing market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by deployment, by cloud services, and by end users.

Further, for the in-depth analysis, Global Cloud Computing Industry Analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Rackspace, VMware, Oracle, General Electric, Google Inc. and Akamai, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global cloud computing market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Hardware and ICT industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in a rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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