Public Cloud Market Global Market Size, Share, Trends, Growth Factors, and Regional Outlook To 2027 | Impact of COVID-19

 Market Overview:

With the increasing use of cloud computing, the market for public cloud is destined to increase. Market Research Future (MRFR) has published a research report regarding the global public cloud market that estimates massive growth for this market with 22.78% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, this market is expected to be worth the US $ 1,132.88 bn during the forecast period.

The key factors driving the global Public Cloud Market include more enterprises and micro business entities shifting towards digitization, expansion of the internet-of-things (IoT), and the introduction of new frameworks to boost digitization and frameworks to facilitate low-cost internet services for citizens in countries with speedy development.

Key Players:

The key players in the global public cloud market include Amazon.com Inc. (USA), Cisco Systems Inc. (USA), Fujitsu Limited (Japan), Google Inc. (USA), Hewlett-Packard Enterprise (USA), International Business Machines Corporation {IBM (USA)}, Microsoft Corporation (USA), Oracle Corporation (USA), Salesforce.com (USA), and VMware Inc. (USA).

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Segmental Analysis

The public cloud market is segmented on the basis of service, cloud computing, industry, organization size, and region. The cloud computing segment of the market consists of cloud communication platform, cloud billing, cloud high-performance computing, cloud access security, and cloud infrastructure. The leading segment in cloud computing is Cloud Infrastructure which is expanding at a CAGR of 23.98 percent in the forecast period. By service, the market segment consists of SaaS, IaaS, and PaaS. Software as a service (SaaS) is dominating the market in the service segment in 2017 and is likely to grow with the fastest CAGR of 22.53 percent during the forecast period. The segmentation on the basis of organization size comprises of small, medium enterprises and large enterprises. Large enterprises were leading the market in 2017 and is projected to develop at a robust CAGR of 21.22 percent during the forecast period. The industry based segmentation of the market comprises of manufacturing, BFSI, healthcare, retail, government, aerospace and defense, IT & telecommunication, and others. The BFSI is leading the market in 2017 and is projected to expand with a rapidly increasing CAGR of 23.44 percent through the forecast period.

Detailed Regional Analysis

The regional market for public cloud market consists of regions such as Europe, North America, Asia Pacific, and Rest of the World. The North American region is the principal market for the public cloud market. In the North America region, the growing adoption of smart devices and bring your own device (BYOD) has had an enormous effect on the public cloud services as they come with reduced implementation costs. U.S. had generated revenue worth USD 148.71 Billion in 2017 and is anticipated to develop with rising 22.01 percent CAGR during the forecast period. The factors that are impeding the demand for public cloud are data compliance issues, complexities and data security related to data residency. The region is also witnessing a higher demand owing to greater scalability, availability, and manageability of cloud based services. The European region is the next major market for public cloud. U.K. has generated a high revenue valued at USD 27.14 Billion in 2017 and is projected to grow with fastest growing 25.07% CAGR during the forecast period.

Latest Industry News

·        Accenture has helped Carlsberg transition with its IT infrastructure to the public cloud. 16 NOV 2018

·        NiceLabel, a global developer of label design software and label management systems, has launched the first public cloud label management system. This system has been developed to allow businesses to transform their factory and warehouse labeling process digitally. 15 NOV 2018

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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

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

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Market Research Future

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Magarpatta Road, Hadapsar,

Pune - 411028

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