PUBLISHER: Value Market Research | PRODUCT CODE: 1542459
PUBLISHER: Value Market Research | PRODUCT CODE: 1542459
The global demand for Cloud Computing Market is presumed to reach the market size of nearly USD 2015.29 Billion by 2032 from USD 551.79 Billion in 2023 with a CAGR of 15.48% under the study period 2024-2032.
Cloud Computing is fundamentally a provision of various facilities over the internet. The resources include servers, data storage instruments and apps, networking, database, and software. Instead of maintaining files on a local storage device or a hard disk, the client can use cloud-based storage, which allows a remote database to save them. As long as the person has access to the internet by an electronic device, users can access the information and operating software programs. Cloud Computing has become a common choice for individuals due to its advantages like cost savings, effectiveness, safety, and enhanced productivity.
Rising demand for cloud computing and increased cloud services adoption are the key driving factors for the cloud computing market to grow. Cloud services help firms minimizing the overall capital expenditure. The market is also propelled by the rise in edge computing, which improves server response time and reduces latency. Rapid adoption and shift towards serverless computing are also factors to boost cloud computing development in the technological industry. However, System integration issues, network connectivity and latency issues, and vendor-related issues can impede the cloud computing industry growth over the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Cloud Computing. The growth and trends of Cloud Computing industry provide a holistic approach to this study.
This section of the Cloud Computing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Cloud Computing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Cloud Computing market include Salesforce Inc., Microsoft, IBM, Oracle, Amazon Web Services Inc., Edgio, Akamai Technologies, AWS, Intel Corporation, Fujitsu, Google, Cloudflare Inc., Lumen Technologies, Deutsche Telekom AG, Fastly Inc, AT&T, Citrix Systems Inc., Rackspace Technology, NTT Communications Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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