The global Cloud Computing market is expected to witness high demand in the forecasted period due to growth in requirement for delivering enhanced customer experience, increased automation and agility, and increased cost-savings and return on investment. Cloud computing is the on-demand delivery of IT resources over the Internet with pay-as-you-go pricing. the implementation of cloud services to support flexible access to enterprise resources by the employees is slated to act as a major driver for the growth of the global cloud computing market. "The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total USD 214.3 billion, up from USD 182.4 billion in 2018, according to Gartner, Inc." According to the study, 90 percent of companies are using the cloud. Amazon’s cloud computing division has been the leader in the cloud industry market for several years now. When it was launched in 2006, it provided only one service. Now the company offers more than 140 services to its clients. SaaS remains the largest segment in cloud computing, IaaS is picking up speed, in terms of revenue.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||AWS (United States), Microsoft (United States), Google (United States), IBM (United States), Oracle (United States), SAP (Germany), VMware (United States), Alibaba (China), Adobe (United States), Verizon (United States) and Rackspace (United States)|
This growth is primarily driven by Increasing Adoption due to Several Benefits That Cloud Computing Offers Over On-Premise IT System.
Globally, a noticeable market trend is evident High Demand due to Increasing BYOD Trend
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AWS (United States), Microsoft (United States), Google (United States), IBM (United States), Oracle (United States), SAP (Germany), VMware (United States), Alibaba (China), Adobe (United States), Verizon (United States) and Rackspace (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th October 2019, Microsoft Corp. has announced new capabilities that further simplify the customer journey and deliver highly secured IoT solutions. These solutions help customers embrace IoT as a core strategy to drive better business outcomes, improve safety and address social issues by predicting and preventing equipment failures, optimizing smart buildings for space utilization and energy management, improving patient outcomes and worker safety, tracking assets across a supply chain, and more.
On 20th September 2019, After the huge success of Azure Open Source Summit and Week of AI, Microsoft has announced the launch of ‘Microsoft Cloud Summit’. a week-long virtual immersive technology conference from September 23-27, 2019. The largest cloud summit of its kind in India, it will skill over 50,000 participants in cloud computing through more than 36 sessions addressed by specialists. and On 16th September 2019, to support its customers around the world, Oracle has announced that it plans to launch 20 new Oracle Cloud regions by the end of 2020, for a total of 36 Oracle Cloud Infrastructure regions.
In May 2019, The VMware and Amazon Web Services (AWS) partnership paves a faster, easier path to more efficient and reliable hybrid cloud data services. Their jointly engineered solutions provide services when and where need them by leveraging the, global scale from the largest provider of public cloud and the leading vendor for, private cloud. Improve the service experience with more options to develop, test, run and or migrate applications across on-premises and in the cloud.
High Demand due to Increasing BYOD Trend and Increasing Demand for The Public Cloud
Market Growth Drivers:
Increasing Adoption due to Several Benefits That Cloud Computing Offers Over On-Premise IT System
The Increasing Concern of Data Security and Privacy
Growing Adoption from Developing Countries Such as APAC and Rising Demand From Various Industry Verticals
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud Computing Market
- Analysis about New Entrants in Cloud Computing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud Computing Study Sheds Light on
The Cloud Computing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud Computing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Computing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.