According to the report, Increasing adoption of 5G technologies, and use of advance technologies such as artificial intelligence, machine learning is one of the primary growth factors for the market. High Demand for Public Cloud Services
is also expected to contribute significantly to the Public Cloud market. Overall, Manufacturing
applications of Public Cloud, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Components, such as Hardware, is boosting the Public Cloud market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as Small Enterprises, is boosting the Public Cloud market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Public Cloud market identified that the demand is rising in many different parts of the world as "The growing penetration of smartphones, smart devices, and other consumer electronic products". Furthermore, some recent industry insights like "In December 2020 the Salesforce United States-based company launches in India a public cloud-based Hyperforce. Adoption of this new architecture will also allow Salesforce to tap into sectors like banking and finance, telecom, and the public sector in India that have strict data compliance requirements." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Public Cloud market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Public Cloud market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.