What is Public Cloud Market Scope?
A public cloud is a model of computing in which a service provider offers resources obtainable to the populace through the internet. Resources differ by provider but may include storage capabilities, applications or virtual machines. The public cloud allows for scalability and resource distribution that would not differently be possible for a single organization to achieve. Public clouds can also be expanded quicker than on-premises infrastructures and with an almost infinitely scalable platform. With the use of it helps the employee of an organization to use the same application from various location and access the internet.
The Public Cloud market study is being classified by Type (Platform as a Service, Software as a Service, Infrastructure as a Service and Business Process as a Service), by Application (Manufacturing, BFSI, Healthcare, Retail, Government, Aerospace & Defence and IT & Telecommunication) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Public Cloud market throughout the predicted period.
AWS (United States), Microsoft(United States), Google (United States), Alibaba (China), IBM(United States), Salesforce (United States), Rackspace (United States), Tencent (China), VMWare (United States), Cisco(United States), Oracle(United States) and SAP (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Verizon(United States), Apprenda(United States) and Fujitsu (Japan).
Analyst at AMA have segmented the market study of Global Public Cloud market by Type, Application and Region.
On the basis of geography, the market of Public Cloud has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In December 2020, United States-based IBM to acquire Nordcloud for its public cloud. Nordcloud, on top of serving corporations with cloud management responsibility, also gives application development services and supports customers to move existing workloads to the cloud. The company is certified to take on projects across all three major infrastructure-as-a-service platforms.
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.
Influencing Market Trend
- Increasing adoption of 5G technologies, and use of advance technologies such as artificial intelligence, machine learning
- High Demand for Public Cloud Services
- Increased resource, user mobility and ongoing migration of applications over the cloud
- The growing penetration of smartphones, smart devices, and other consumer electronic products
- Data Security Threats to Impede Public Cloud Market Growth
- Issues associated with the network bandwidth
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Public Cloud Providers, Government Regulatory and Research Organizations and End-Use Industry
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