Cloud Computing Market Size, Emerging Opportunities, Key Vendors, Business Growth, Competitive Landscape, Sales Revenue and Global Trends by Forecast 2023

“Cloud Computing Market”
Global Cloud Computing Market research report by cloud service type (SaaS, PaaS, IaaS), deployment model (private cloud, public cloud, hybrid cloud, community cloud), application (government, banking, healthcare) – Forecast till 2023

Market Highlights

Cloud computing is the virtualization and central management of data center resources as software-defined pools. The key advantage is the ability to apply abstracted compute, storage, and network resources to workloads as needed and tap into an abundance of pre-built services.


The major growth driver of Cloud Computing Market includes growing demand for technologically upgraded services, growing expansion of professional and managed services and increasing awareness about cost-effective cloud services among others.


With cloud computing the greater concern is the integration of security policy and identity management between customers and public cloud providers. In addition, government regulation may forbid customers from allowing sensitive data off premises. Other concerns include the risk of outages and the long-term operational costs of public cloud services.


The global cloud computing market is expected to grow at 15% CAGR through the forecast period


Key Players

Some of the major players in Global Cloud Computing Market include Akamai Technologies Inc. (U.S.), Amazon Web Services LLC (U.S.), CA Technologies (U.S.), Dell Inc. (U.S.), Flexiant Ltd. (U.K.), Google Inc. (U.S.), Hewlett-Packard Development Company L.P. (U.S.), IBM Corporation (U.S.), Joyent Inc. (U.S.), and Microsoft Corporation (U.S.) among others.


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Regional Analysis

The market for global cloud computing market is being led by North America followed by Europe and Asia Pacific. IBM Corporation announced that select commercial clients and research labs will be working directly with the company to advance quantum computing. The 12 organizations which include companies like JPMorgan Chase, Daimler AG and Samsung as well as regional research hubs such as Oak Ridge National Lab, Oxford University and the University of Melbourne. The collaboration aims to advance quantum computing and foster a quantum computing ecosystem based on IBM’s open source quantum software and developer tools. Members of the IBM Q Network will have cloud-based access to the 20-qubit IBM Q system and eventually to the company’s 50-qubit prototype processor. They will also be able to tap into quantum engineers, developers and consultants focusing initially in logistics and modelling use cases for mining, banking, life sciences and electronics applications.


In Asia Pacific cloud computing has been adopted by healthcare sector at a large scale. In Thailand, a hospital moved to the cloud and enabled various users in the hospital to customise and configure to their needs. It has increased the accuracy in medication and test ordering, as well as reduce duplications of X-rays and other imaging. The private cloud that the information system is hosted on is a key part of the solution. Instead of having many in-house IT professionals looking after the systems, the hospital now relies on a company with a high level of expertise to do the job, bringing flexibility and cost savings to the hospital.


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List of Tables

Table 1 Global Cloud Computing Market: By Region, 2017-2023

Table 2 North America Cloud Computing Market: By Country, 2017-2023

Table 3 Europe Cloud Computing Market: By Country, 2017-2023

Table 4 Asia-Pacific Cloud Computing Market: By Country, 2017-2023

Table 5 Middle East & Africa Cloud Computing Market: By Country, 2017-2023

Table 6 Latin America Cloud Computing Market: By Country, 2017-2023

Table 7 Global Cloud Computing by Cloud Service Type Market: By Regions, 2017-2023

Table 8 North America Cloud Computing by Cloud Service Type Market: By Country, 2017-2023

Table 9 Europe Cloud Computing by Cloud Service Type Market: By Country, 2017-2023

Table10 Asia-Pacific Cloud Computing by Cloud Service Type Market: By Country, 2017-2023



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