Cloud Computing Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Cloud computing has brought about a paradigm shift in the way businesses were performed traditionally in the information technology arena. Undoubtedly, cloud computing services have drastically reduced the costs of IT services to their customers and that has led to an increasing number of small and medium enterprises availing the benefits of cloud services. The delivery of computing services through the internet that comprises of storage, servers, networking, database, software, and analytics, etc. define the arena for cloud computing services market. Ease of scaling the services up or down, costs, increased productivity, security, increased performance, and higher speeds are some of the advantages offered by cloud computing services to the customers.

MARKET DYNAMICS

The need for a more efficient automated computing service coupled with demands for higher efficiencies in the IT-based operations is anticipated to be a major driver for the cloud computing services market. Also, an increasing number of small and medium enterprises availing the cloud services owing to the lower total cost of ownership (TCO) would further propel the cloud computing services market. Concerns around the security of the data in the cloud services still hinder the growth of the cloud computing services market. Strengthening internet infrastructures in the majority of the developing economies and a strong emphasis on the cloud-based services laid down by organizations would provide good opportunities to the players operating in the cloud computing services market.

MARKET SCOPE

The "Global Cloud Computing Services Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cloud computing services market with detailed market segmentation by type, deployment model, enterprise size, end-user industry, and geography. The global cloud computing services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cloud computing services market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global cloud computing services market is segmented on the basis of type, deployment model, enterprise size, and end-user industry. Based on type, the cloud computing services market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). On the basis of deployment model, the cloud computing services market is segmented into public cloud, private cloud, and hybrid cloud. Further, the cloud computing services market is segmented on the basis of enterprise size into small and medium enterprises (SMEs) and large enterprises. The cloud computing services market on the basis of the end-user industry is classified into BFSI, IT and Telecommunication, Government and Public Sector, consumer goods and retail, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cloud computing services market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloud computing services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the cloud computing services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cloud computing services in these regions.

MARKET PLAYERS

The reports cover key developments in the cloud computing services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from cloud computing services market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud computing services in the global market. Below mentioned is the list of few companies engaged in the cloud computing services market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cloud computing services market. In addition, the report focuses on leading industry players with information such as company profiles, types, and services offered, financial information of the last 3 years, the key development in the past five years.

• Akamai Technologies
• Amazon Web Services
• Cisco Systems, Inc.
• Google, Inc.
• IBM Corporation
• Microsoft Corporation
• Netsuite Inc.
• Oracle Corporation
• VMWare Corporation
• Yahoo, Incorporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cloud Computing Services Report Scope