New York, NY, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Cloud Computing Market By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), By Deployment Model (Public, Private, and Hybrid), By Organization Size(Small and Medium-sized Enterprises, and Large Enterprises), and By Vertical (Banking, Financial Services, and Insurance (BFSI), Telecom & IT, Government and Public Sector, Retail, Healthcare, Energy, Media and Entertainment, Manufacturing, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
“According to the research study, the global Cloud Computing Market was estimated at USD 321 Billion in 2019 and is expected to reach USD 1025.9 Billion by 2026. The global Cloud Computing Market is expected to grow at a compound annual growth rate (CAGR) of 18% from 2019 to 2027”.
Cloud computing is an information technology service delivery model where computing resources and software tools are offered by third-party service providers through the Internet network. Cloud computing provides various advantages over on-site hardware infrastructure, such as fast installation, scalability, low cost, mobile support, and lower network maintenance.
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Our Free Sample Report Includes:
• 2020 Updated Report Introduction, Overview, and In-depth industry analysis
• 190+ Pages Research Report (Inclusion of Updated Research)
• Provide Chapter-wise guidance on Request
• 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes Updated List of table & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Cloud Computing Market?
2) What is the market size, share of the Cloud Computing Market?
3) Who are the top market players in Cloud Computing Market?
4) What will be the future market of the Cloud Computing Market?
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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The rise in the adoption of cloud-based solutions over the past few years is driving the cloud computing market globally. The hybrid deployment is gaining popularity owing to its scalability, flexibility, multi-cloud space, and security assurance to organizations. Moreover, the growth in digital disruptions has raised cloud computing businesses. However, the rising concerns regarding security have hindered the market growth. In future years, increasing the BYOD trend and several competitive advantages of cloud computing over an on-premise IT system will fuel the global market growth.
Top Market Players
Some of the essential players operating in the cloud computing market, but not restricted to include SAS Institute Inc., Microsoft Corporation, Alphabet Inc., Oracle Corporation, Cisco Systems, Inc., Amazon.com Inc., SAP SE, VMware, Inc., IBM, Salesforce.com, Inc., Rackspace Inc., Adobe Systems Inc., Dell EMC Corp., and TIBCO Software Inc. amongst others.
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The cloud computing market is segmented based on the service model, deployment model, organization size, and vertical. On the basis of service model segmentation, the market is classified into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). In terms of deployment model segmentation, the market is bifurcated into public, private, and hybrid. The hybrid cloud holds the largest market share owing to its increased adoption for various benefits such as it provides data security, and large storage spaces to reduce capital investments by deploying a combined solution of the public and private cloud model. On the basis of organization size, the market has been segmented into small, large, and medium-sized enterprises. Large enterprises hold the major market share in 2019.
Furthermore, the vertical segment has been bifurcated into banking, financial services, and insurance (BFSI), IT & telecom, government & public sector, retail, healthcare, energy and utilities, media and entertainment, and manufacturing amongst others. The BFSI segment dominated the overall cloud computing market in recent years and is expected to maintain its position over the analysis period owing to the increased adoption of hybrid cloud as it aids banks in managing costs with greater flexibility.
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The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the cloud computing industry. The cloud computing market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the cloud computing sector. Key strategic developments in the cloud computing market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the cloud computing market are appropriately highlighted in the report.
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Cloud computing is an information technology service delivery model where computing resources and software tools are offered by third-party service providers through the Internet network. Cloud computing provides various advantages over on-site hardware infrastructure, such as fast installation, scalability, low cost, mobile support, and lower network maintenance.
Regional Analysis: Cloud Computing Market
In terms of geography, the cloud professional service market is classified into North America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. In 2019, North America is dominating the regional markets for cloud computing owing to its high adoption of cloud-based solutions in developed economies such as the U.S. and Canada. The Asia Pacific is expected to be the fastest-growing market due to the increasing availability of expert professionals and the rise in the number of small and medium enterprises in countries like India, China, and Brazil among others. As a result, the growing adoption of cloud services will fuel the global cloud computing market. The five major considered regions are further analyzed into major countries such as U.S., Mexico, Germany, UK, Canada, South Korea, Italy, India, Japan, Brazil, UAE, Egypt, France, China, South Africa, and Kuwait among others.
Browse the full “Cloud Computing Market By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), By Deployment Model (Public, Private, and Hybrid), By Organization Size(Small and Medium-sized Enterprises, and Large Enterprises), and By Vertical (Banking, Financial Services, and Insurance (BFSI), Telecom & IT, Government and Public Sector, Retail, Healthcare, Energy, Media and Entertainment, Manufacturing, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/cloud-computing-market-by-service-model-infrastructure-as-1145
This report segments the Cloud Computing market as follows:
Global Cloud Computing Market: By Service Model Segmentation Analysis
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
Global Cloud Computing Market: By Deployment Model Segmentation Analysis
- Public
- Private
- Hybrid
Global Cloud Computing Market: By Organization Size Segmentation Analysis
- Small and Medium-sized Enterprises
- Large Enterprises
Global Cloud Computing Market: By Vertical Segmentation Analysis
- Banking, Financial Services, and Insurance (BFSI)
- Telecom & IT
- Government and Public Sector
- Retail
- Healthcare
- Energy and Utilities
- Media and Entertainment
- Manufacturing
- Others
Key Insights from Primary Research
- As per our primary respondents, the global cloud computing market is set to grow annually at a rate of around 18%
- It was established through primary research that the cloud computing market was valued at around USD 321 Billion in 2019.
- North America held the largest market share in 2019, owing to the high adoption of cloud-based solutions in developed economies such as the U.S. and Canada.
- On basis of the deployment model segment, ‘hybrid’ dominated the global cloud computing market in 2019
- Based on various applications, the global cloud computing market was led by ‘BFSI’ in 2019.
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