Cloud Computing Market by Service Model, Solution, Infrastructure, Workload, Deployment, Organization Size, Industry

Description

List of Tables

[194 Pages Report] The Cloud Computing Market size was estimated at USD 524.76 billion in 2023 and expected to reach USD 604.16 billion in 2024, at a CAGR 15.22% to reach USD 1,414.98 billion by 2030.

Cloud computing refers to computing services, including servers, storage, databases, networking, software, analytics, and artificial intelligence, over the Internet. Cloud computing enables organizations to access and utilize IT resources efficiently and effectively. Cloud computing transforms the way businesses operate by offering flexibility, cost savings, enhanced collaboration, and improved security. The increase in digitalization across various end-use sectors and the inclination of businesses toward cloud-based solutions due to their cost-effectiveness and scalability are accelerating the use of cloud computing solutions. Implementing advanced technologies and automation across industrial verticals propels the demand for cloud computing services. However, interoperability issues between different platforms and a lack of technical expertise in managing complex cloud environments may impede their adoption by organizations worldwide. In addition, expanding cloud infrastructure through increased investment from private and government entities is anticipated to encourage the deployment of cloud computing solutions across businesses globally.

KEY MARKET STATISTICS
Base Year [2023]	USD 524.76 billion
Estimated Year [2024]	USD 604.16 billion
Forecast Year [2030]	USD 1,414.98 billion
CAGR (%)	15.22%

Service Model: Growing digitalization inclining businesses toward cloud-based solutions

Infrastructure as a Service (IaaS) allows enterprises to rent infrastructure components such as storage, networking, and servers on-demand and is suitable for organizations with fluctuating workloads. Platform as a Service (PaaS) offers a higher level of abstraction by providing a platform for developers to deploy and manage cloud applications. It includes pre-configured runtime environments and tools that support multiple programming languages. PaaS is ideal for rapid application development in organizations with limited IT staff expertise in managing infrastructure tasks. Software as a Service (SaaS) delivers functional applications to end-users through web browsers or dedicated client applications. The SaaS model eliminates the need for customers to manage software installation or upgrades on their local devices. SaaS is subscription-based pricing where users pay per seat or based on usage metrics, and its primary benefits are cost reduction, ease of use, and seamless updates for end users. IaaS is ideal for businesses requiring customizable infrastructure with scalable resources, while PaaS enables rapid application development without the burden of managing underlying systems, and SaaS provides ready-made software solutions that require minimal user intervention to update or maintain software applications.

Solution: Collaboration & productivity suites have emerged as an essential tools for improving team communication and efficiency

Collaboration & productivity suites are essential for businesses to enhance teamwork, communication, and task management. These tools enable organizations to streamline their operations and improve overall efficiency. Customer relationship management solutions help businesses manage customer data, interactions, sales pipelines, and marketing campaigns more effectively. Human capital management software helps organizations manage employee performance, talent acquisition, benefits administration, learning management systems (LMS), and payroll processing, among others. Supply chain management systems help businesses manage inventory, procurement, manufacturing, logistics, and forecasting.

Infrastructure: Infrastructure services address specific needs of organizations including data preservation and data protection

Archiving refers to the process of securing and storing data for long-term retention and compliance purposes. In cloud computing, archiving services deliver cost-effective storage solutions that ensure data preservation without sacrificing accessibility and security. Computing services are fundamental in cloud environments as they provide the processing power needed to run applications and manage workloads effectively. Disaster recovery and backup services help organizations protect their data and applications against unforeseen events such as system failures, natural disasters, or cyber-attacks. Cloud-based disaster recovery solutions ensure business continuity by providing reliable offsite backups and quick restoration capabilities. Primary storage solutions are critical for storing active data frequently accessed by applications and users. In cloud environments, primary storage services offer high-performance and scalable options that cater to diverse needs, such as block storage, file storage, and object storage.

Workload: Extensive popularity of hypervisor & edge computing, storage, backup & disaster recovery across end-user industries

Cloud computing solutions have drastically transformed application development and testing by offering improved scalability and cost-effectiveness. The demand for cloud-based business analytics tools has soared due to the exponential growth of big data. Collaboration and content management services have experienced a surge in the adoption of new and enhanced features that facilitate efficient remote work. Businesses are increasingly shifting to cloud-based enterprise resource planning (ERP) systems such as SAP S/4HANA, Oracle ERP Cloud, and Microsoft Dynamics 365, offering streamlined business processes and cost-effectiveness. Integration and orchestration services play a crucial role in connecting cloud services with on-premises systems, ensuring seamless operations and data flow. Additionally, storage, backup, and disaster recovery providers offer scalable solutions that seamlessly integrate with existing IT infrastructure. The cloud computing landscape has revolutionized application development and testing by providing scalability, cost-effectiveness, and enhanced business analytics capabilities. The adoption of collaboration tools, cloud-based ERP systems, integration services, and scalable storage solutions has become increasingly prevalent, driving businesses toward greater efficiency and success.

Deployment: Integration of private cloud for enabling users to control data privacy and security

A hybrid cloud integrates on-premise infrastructure (private) with off-premise resources (public) and enables organizations to process sensitive data in-house while leveraging the extensive resources of the public cloud for non-sensitive operations. The hybrid cloud model provides flexibility, scalability, and cost-effectiveness while maintaining control over critical data. A private cloud is a dedicated infrastructure owned and managed by an organization or hosted by a third party. A private cloud allows complete control over data privacy and security while enabling the customization of resources based on unique requirements. Private clouds are suitable for organizations with strict compliance requirements or those handling highly sensitive information. Public clouds are maintained by third-party providers that offer computing resources such as storage or applications on a pay-as-you-go basis and are ideal for non-sensitive workloads requiring resource allocation flexibility. Hybrid cloud emerges as a preferred choice for organizations seeking cost-efficiency, flexibility, and security compared to private and public cloud.

Organization Size: Emerging use of cloud computing by small & medium enterprises worldwide to ensure secure storage of data

Large enterprises generally require robust infrastructure, extensive customization options, high availability, and stringent security measures to manage vast data. These organizations have international operations with multiple interconnected data centers, which require advanced large-scale cloud computing. SMEs typically have limited budgets compared to larger corporations but require reliable cloud computing services that ensure cost-effective scalability without sacrificing performance or security. Additionally, SMEs are more focused on cost-effectiveness and ease of implementation as they have limited IT resources and budgets. Moreover, large enterprises aim to optimize resources while maintaining security protocols through hybrid deployments; meanwhile, SMEs seek to benefit from various provider strengths while mitigating risks associated with single-provider reliance.

Industry: Shift of the healthcare and BFSI industry to cloud computing due to its high scalability

Cloud computing solutions are gaining traction in the BFSI and government sectors owing to their ability to improve operational efficiencies, reduce costs, and enhance security. The consumer goods & retail, and manufacturing industries require robust cloud-based solutions for supply chain management, inventory tracking, demand forecasting, and customer engagement. Educational institutions are increasingly adopting cloud computing for e-learning platforms, content management systems (CMS), student information systems (SIS), and research purposes. Energy companies rely on cloud-based solutions for managing complex infrastructure networks spanning across power generation facilities to end-user distribution points. Healthcare organizations require cloud solutions that adhere to strict regulatory standards, such as the Health Insurance Portability and Accountability Act (HIPAA) in the U.S. or the General Data Protection Regulation (GDPR) in Europe. The media industry relies heavily on cloud-based platforms for content creation, distribution, and management due to their scalability and cost-effectiveness compared to traditional systems.

Regional Insights

The adoption of cloud computing solutions is increasing in the Americas, primarily due to the presence of major providers driving innovation and expanding their infrastructure capacity to cater to rising demands from industries such as finance, healthcare, retail, and government entities. Furthermore, regulatory compliance requirements encourage businesses to adopt private or hybrid cloud solutions in the Americas region. The APAC region is witnessing significant adoption of cloud computing solutions owing to the rapid digital transformation, increasing internet penetration, and a growing number of SMEs leveraging technology-based services. Local governments' initiatives to promote digital infrastructure development serve as a catalyst for market growth in this region. The inclination of industries and business organizations toward Industry 4.0 in EMEA has stimulated strong demand for advanced IT resources and data storage capacities that can be delivered through cloud services. The presence of major IT companies provides the potential for organizations in the EMEA region to adopt cloud computing solutions seamlessly. Additionally, the growing emphasis of countries worldwide on economic diversification strategies has increased investments in data center construction projects, amplifying the potential for cloud computing expansion.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cloud Computing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cloud Computing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cloud Computing Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Adobe Inc., Alibaba Group Holding Limited, Amazon Web Services, Inc., AT&T Inc., Atos SE, Box, Inc., Broadcom Inc., Cisco Systems, Inc., Citrix Systems, Inc., Cockroach Labs, Inc., Dassault Systemes SE, Dell Inc., DigitalOcean Holdings, Inc., DreamHost, LLC, Dropbox, Inc., Fujitsu Limited, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Intel Corporation, International Business Machines Corporation, Lenovo Group Limited, Microsoft Corporation, NEC Corporation, NetApp, Inc., NTT Communications Corporation, Nutanix, Inc., NVIDIA Corporation, Oracle Corporation, Rackspace Technology, Inc., Rubrik International, Inc., Salesforce Inc., SAP SE, ServiceNow, Inc., SoftBank Group, Tencent Holdings Ltd., Workday, Inc., and Zoho Corporation Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Cloud Computing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Service Model
- Infrastructure as a Service
- Platform as a Service
- Software as a Service

Solution
- Collaboration & Productivity Suites
- Customer Relationship Management
- Human Capital Management
- Supply Chain Management

Infrastructure
- Archiving
- Computing
- Disaster Recovery & Backup
- Primary Storage

Workload
- Application Development & Testing
- Business Analytics
- Collaboration & Content Management
- Database Management
- Enterprise Resource Management
- Hypervisor & Edge computing
- Integration & Orchestration
- Storage, Backup & Disaster Recovery

Deployment
- Hybrid Cloud
- Private cloud
- Public cloud

Organization Size
- Large Enterprises
- Small & Medium-sized Enterprises

Industry
- Aerospace & Defense
- Automotive & Transportation
- Banking, Financial Services & Insurance
- Building, Construction & Real Estate
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Information Technology
- Manufacturing
- Media & Entertainment
- Telecommunication
- Travel & Hospitality

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Georgia
    - Illinois
    - Massachusetts
    - New Jersey
    - New York
    - North Carolina
    - Ohio
    - Pennsylvania
    - Texas
    - Washington
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cloud Computing Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cloud Computing Market?

3. What are the technology trends and regulatory frameworks in the Cloud Computing Market?

4. What is the market share of the leading vendors in the Cloud Computing Market?

5. Which modes and strategic moves are suitable for entering the Cloud Computing Market?

Product Code: MRR-035DDD321A32

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising shift to remote work and the need for seamless collaboration tools
  - 5.1.1.2. Government initiatives supporting cloud computing technologies and services
  - 5.1.1.3. Increasing use of IoT and big data propelling generation of high volume data
- 5.1.2. Restraints
  - 5.1.2.1. Technical complexities caused by downtime and issues of vendor lock-in period
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of advanced hybrid, edge, and multi-cloud strategies in IT environments
  - 5.1.3.2. New investments in large-scale cloud computing data centers worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with data security and privacy breach
5.2. Market Segmentation Analysis
- 5.2.1. Service Model: Growing digitalization inclining businesses toward cloud-based solutions
- 5.2.2. Solution: Collaboration & productivity suites have emerged as an essential tools for improving team communication and efficiency
- 5.2.3. Infrastructure: Infrastructure services address specific needs of organizations including data preservation and data protection
- 5.2.4. Workload: Extensive popularity of hypervisor & edge computing, storage, backup & disaster recovery across end-user industries
- 5.2.5. Deployment: Integration of private cloud for enabling users to control data privacy and security
- 5.2.6. Organization Size: Emerging use of cloud computing by small & medium enterprises worldwide to ensure secure storage of data
- 5.2.7. Industry: Shift of the healthcare and BFSI industry to cloud computing due to its high scalability
5.3. Market Trend Analysis
- 5.3.1. Technological advancements and vigorous competition among market giants supported by the government initiatives augment cloud computing across the Americas
- 5.3.2. Rapid digitization efforts supported by government programs to create opportunities for cloud computing providers to cater to businesses from small-scale startups to large-scale enterprises
- 5.3.3. Expansion of global cloud computing companies across EMEA backed by public-private support and an evolving regulatory landscape
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Cloud Computing Market, by Service Model

6.1. Introduction
6.2. Infrastructure as a Service
6.3. Platform as a Service
6.4. Software as a Service

7. Cloud Computing Market, by Solution

7.1. Introduction
7.2. Collaboration & Productivity Suites
7.3. Customer Relationship Management
7.4. Human Capital Management
7.5. Supply Chain Management

8. Cloud Computing Market, by Infrastructure

8.1. Introduction
8.2. Archiving
8.3. Computing
8.4. Disaster Recovery & Backup
8.5. Primary Storage

9. Cloud Computing Market, by Workload

9.1. Introduction
9.2. Application Development & Testing
9.3. Business Analytics
9.4. Collaboration & Content Management
9.5. Database Management
9.6. Enterprise Resource Management
9.7. Hypervisor & Edge computing
9.8. Integration & Orchestration
9.9. Storage, Backup & Disaster Recovery

10. Cloud Computing Market, by Deployment

10.1. Introduction
10.2. Hybrid Cloud
10.3. Private cloud
10.4. Public cloud

11. Cloud Computing Market, by Organization Size

11.1. Introduction
11.2. Large Enterprises
11.3. Small & Medium-sized Enterprises

12. Cloud Computing Market, by Industry

12.1. Introduction
12.2. Aerospace & Defense
12.3. Automotive & Transportation
12.4. Banking, Financial Services & Insurance
12.5. Building, Construction & Real Estate
12.6. Consumer Goods & Retail
12.7. Education
12.8. Energy & Utilities
12.9. Government & Public Sector
12.10. Healthcare & Life Sciences
12.11. Information Technology
12.12. Manufacturing
12.13. Media & Entertainment
12.14. Telecommunication
12.15. Travel & Hospitality

13. Americas Cloud Computing Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Cloud Computing Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Cloud Computing Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. Microsoft announces USD 3.2 billion investment in Australia's AI and cloud computing infrastructure
- 16.3.2. Google Cloud Partners With Decentralized Oracle
- 16.3.3. Crusoe Announces Significant Expansion of Cloud Business with New Capacity and USD 200M in New Financing
- 16.3.4. Blockchain mining platform Pacminer has announced a collaborative investment of USD 50 million to enhance substantial mining pools and cloud computing infrastructure within the Ghanaian region.
- 16.3.5. Nuvepro partners with upGrad; claims to empower 50,000 students with Cloud Computing education
- 16.3.6. Google Launches Three New Cloud Storage Options: Cloud Storage FUSE, Parallelstore, NetApp Volumes
- 16.3.7. NetApp and Google Cloud Introduce Managed Storage Service to Revolutionize Enterprise Workloads in the Cloud
- 16.3.8. Broadcom's USD 69 Billion Acquisition of VMware Approved by UK Regulators
- 16.3.9. Digiboxx Launches New Cloud Storage Solution for Enterprises, Individuals
- 16.3.10. Akamai launches new sites, services and capabilities
- 16.3.11. Ideal Integrations Expands Cloud Computing and Cybersecurity Portfolio with Acquisition of thinkCSC
- 16.3.12. DigitalOcean acquires cloud computing startup Paperspace for USD 111M in cash
- 16.3.13. AWS commits USD 12.7 billion investment in Indian Cloud Infrastructure, plans to create over 130,000 jobs
- 16.3.14. American Cloud Debuts Launch With Plans to Reshape Modern Cloud Computing
- 16.3.15. Kyndryl and Cisco to Collaborate on Network and Edge Computing Solutions for Enterprise Customers
- 16.3.16. Fluence Announces Cloud Computing Services Agreement with Amazon Web Services
- 16.3.17. Cloud computing and virtualization company Citrix to be acquired for USD 16.5 billion

17. Competitive Portfolio

17.1. Key Company Profiles
17.2. Key Product Portfolio