In this rapidly changing environment, many businesses have adopted cloud technologies. The cloud service that is offered over a public network is defined as the public cloud service. Public cloud service has many benefits as flexibility, cost effectiveness, reliability and many more. Rapid IT modernization, investment in technological developments and other are the key factors driving public cloud service market.
Recently it has been studied that cyber security threat is increasing and this is considered as the major restraint in Public Cloud Service Market. Apart from cyber security internet downtime and limited control of infrastructure are also some of the restraining factor in public cloud service market. Government organizations from many countries are recently taking interest in complete integration with cloud technologies.
Public Cloud Service Market is growing rapidly over 4% of CAGR and is expected to reach at USD 249 billion by the end of forecast period.
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Major Key Players in Cloud Service Market are:
- Google (U.S.),
- Amazon.com, Inc. (U.S.),
- Microsoft Corporation (U.S.),
- International Business Machines Corporation (U.S.),
- Hewlett-Packard (U.S.),
- Salesforce.com (U.S.),
- Oracle Corporation (U.S.),
- VMware, Inc. (U.S.),
- Cisco Systems, Inc. (U.S.),
- Verizon Wireless (U.S.),
- Rackspace Inc. (U.S.)
Public Cloud Service Market Segmentation
Public Cloud Service Market has been segmented on the basis of delivery model, vertical and end user. Looking through the delivery model it has been observed that software as a service (SaaS) has shown a substantial increase in Public Cloud Service sector. Considering the vertical of public cloud service the IT sector is the leading in Public Cloud Service market. Industries such as telecommunication, banking and insurance are showing a positive growth towards Public Cloud Service. The study reveals that Public Cloud Service Market is more at an enterprise level but the market trend shows that there would be an increase in small and medium businesses by the forecast period.
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 110 numbers of pages of the project report “Public Cloud Service Market – Forecast 2022”
Study Objectives of Public Cloud Service Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Public Cloud Service market.
- To provide insights about factors affecting the market growth.
- To analyze the Public Cloud Service market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, technology and end user.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Public Cloud Service
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LIST OF TABLES
TABLE 1 PUBLIC CLOUD SERVICE MARKET, BY DELIVERY MODEL
TABLE 2 PUBLIC CLOUD SERVICE MARKET, BY VERTICAL
TABLE 3 PUBLIC CLOUD SERVICE MARKET, BY END-USER
TABLE 4 PUBLIC CLOUD SERVICE MARKET, BY REGIONS
TABLE 5 NORTH AMERICA PUBLIC CLOUD SERVICE MARKET, BY DELIVERY MODEL
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