Cloud Services Market
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Cloud Services Market Overview
The report is titled ‘Cloud Services Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the cloud services market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cloud services market is expected to grow at a significant rate in the near future.
The global cloud services market is estimated to reach at a value of US$ 372.9 Bn by the end of 2020 and expected to reach at a value of US$ 1,251.8 Bn by 2028 with a significant CAGR of 16.4%
Cloud Services Introduction
Cloud Computing is a multifaceted and accomplished technology that carries the potential to support a wide range of applications. The compelling scaling as well as low-priced cloud computing provides it as an innovation driver for small-scale companies, specifically in the developing region.
Cloud computing locus administers a great resilience and accessibility of computing resources at an economical cost. The emerging technology of cloud computing and services unfastens a new era of e-services in various disciplines.
Basically, the term ‘Cloud’ refers to an Internet or Network. To put it in another way, it can be said that Cloud can be perceived as something, which exists at an obscure location. Cloud offers its services over networks, for instance, on private networks or on public networks, in particular, LAN, WAN, or VPN.
Cloud provides applications such as web conferencing, e-mail messages, customer relationship management (CRM). Cloud computing can be referred to as setting up, maneuvering, and obtaining applications online. It provides online data storage, application, and infrastructure as well.
Initially, the idea of Cloud Computing had its origins in the year 1950 with the enforcement of host computers, accessible through static/thin clients. Ever since cloud computing has developed from stagnant clients to dynamic ones from software to services.
Cloud Services Market Dynamics
One of the primary factors that is majorly driving the growth of the global cloud services Market is the surging adoption of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), as well as the growing conviction of several industries on cloud-based solutions. In addition, the economical storage and infrastructure costs yet make the cloud computing services cost-effective and popular among several industries across the world, thus further boosting the growth of the global cloud services market in the forthcoming years.
Remarkably, cloud computing technology is a huge transition in the culture of computing, which has offered state-of-the-art and accelerated methods to render infrastructure solutions, computing solutions, and application layers.
Moreover, it also provides a benchmarking analysis of cloud computing technology with traditional technology and explains the way cloud computing technology gains an upper hand than conventional technology. Attributing to which, the global cloud services Market is projected to climb higher in the years to come.
Other than that, various sectors adopting the advanced cloud computing services, including healthcare & medical, educational sector, banking, financial services & insurance and many more, with the assistance of several different deployment models also helps identify the purview of growth of the global cloud services Market over the forecast period.
In addition to that, several government organizations are also positively embracing and taking up cloud services owing to various technological automation in different government processes comprising passports. ID, and citizen records, as a result, held the biggest market share in the year 2019. The banking, financial services & insurance (BFSI) sector possessed the second biggest market share in 2019 owing to the implementation of cloud computing services to elucidate and streamline the complicated procedures that are strictly confidential. Owing to such factors, the global cloud services market is expected to rise higher in the near future.
However, the increasing needs to fulfill all the regulatory and compliance requirements owing to the rising security concerns may act as a restraining factor for the growth of the global cloud services market in the upcoming years. Furthermore, the rising incidences of data breaches and cyberattacks is also likely to lower the confidence of various industries in cloud services, which could further hold the growth of the global cloud services market to the limits in the coming years.
Cloud Services Market Segmentation
The global cloud services market is segmented on the basis of the service model, deployment, organization size, vertical, and region. On the basis of the service models, the cloud services Market is segmented into SaaS, PaaS, IaaS. The deployment segment is divided into Public, Private, and Hybrid. Furthermore, the organization size segment is divided into Large Enterprises, Small & Medium Enterprises. On the basis of vertical, the market is segmented into BFSI, IT & Telecommunication, Retail and Consumer Goods, Manufacturing, Healthcare & Life Sciences, Government & Public Sector, Media & Entertainment, Energy & Utility, and others.
Cloud Services Market Key Players
The global cloud services market is dominated by Amazon.com Inc., Microsoft Corporation, Alphabet Inc, Oracle Corporation, Cisco Systems, Inc., Salesforce.com, Inc., SAP SE, VMware, Inc., IBM Corporation, Alibaba Group Holding Ltd., Rackspace Inc., Adobe Systems Inc., SAS Institute Inc, Dell EMC Corp.and TIBCO Software Inc., among others.
MMC Overview on Cloud Services Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the cloud services market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Cloud Services
Advantages of Cloud Services
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Cloud Service Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Cloud Service Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Cloud Service Market Snapshot
2.4. Global Cloud Service Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Cloud Service Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Cloud Service Technology Assessment and Analysis
3.1. Actions to encourage use of Cloud Service Technology
3.2. Cloud Service Promotional Strategy Recommendation
3.3. Road Map Analysis
3.4. GAP Analysis
3.5. Potential Analysis
4. Covid-19 Impact on Cloud Service Market in 2020
4.1. Impact Analysis of Covid-19 on the global Cloud Service market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation In Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Cloud Service Market, By Service Model
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Service Model
5.1.2. BPS Analysis, By Service Model
5.2. Market Revenue (US$Mn) Forecast, By Service Model
5.2.1. SaaS
5.2.2. PaaS
5.2.3. IaaS
5.3. Global Cloud Service Market Attractiveness Index, By Service Model
6. Global Cloud Service Market, By Deployment
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Deployment
6.1.2. BPS Analysis, By Deployment
6.2. Market Revenue (US$Mn) Forecast, By Deployment
6.2.1. Public
6.2.2. Private
6.2.3. Hybrid
6.3. Global Cloud Service Market Attractiveness Index, By Deployment
7. Global Cloud Service Market, By Organization Size
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Organization Size
7.1.2. BPS Analysis, By Organization Size
7.2. Market Revenue (US$Mn) Forecast, By Organization Size
7.2.1. Large Enterprises
7.2.2. Small & Medium Enterprises
7.3. Global Cloud Service Market Attractiveness Index, By Organization Size
8. Global Cloud Service Market, By Vertical
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Vertical
8.1.2. BPS Analysis, By Vertical
8.2. Market Revenue (US$Mn) Forecast, By Vertical
8.2.1. BFSI
8.2.2. IT & Telecommunication
8.2.3. Retail and Consumer Goods
8.2.4. Manufacturing
8.2.5. Healthcare & Life Sciences
8.2.6. Government & Public Sector
8.2.7. Media & Entertainment
8.2.8. Energy & Utility
8.2.9. Others
8.3. Global Cloud Service Market Attractiveness Index, By Vertical
9. Global Cloud Service Market, By Region
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Region
9.1.2. BPS Analysis, By Region
9.2. Market Revenue (US$Mn) Forecast, By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East
9.2.6. Africa
9.3. Global Cloud Service Market Attractiveness Index, By Region
10. North America Cloud Service Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) Forecast, By Country
10.2.1. U.S. Cloud Service Market
10.2.2. Canada Cloud Service Market
10.3. North America Cloud Service Market, By Service Model
10.3.1. SaaS
10.3.2. PaaS
10.3.3. IaaS
10.4. North America Cloud Service Market Revenue (US$Mn) Forecast, By Deployment
10.4.1. Public
10.4.2. Private
10.4.3. Hybrid
10.5. North America Cloud Service Market Revenue (US$Mn) Forecast, By Organization Size
10.5.1. Large Enterprises
10.5.2. Small & Medium Enterprises
10.6. North America Cloud Service Market Revenue (US$Mn) Forecast, By Vertical
10.6.1. BFSI
10.6.2. IT & Telecommunication
10.6.3. Retail and Consumer Goods
10.6.4. Manufacturing
10.6.5. Healthcare & Life Sciences
10.6.6. Government & Public Sector
10.6.7. Media & Entertainment
10.6.8. Energy & Utility
10.6.9. Others
10.7. North America Cloud Service Market Attractiveness Index
10.7.1. By Country
10.7.2. By Service Model
10.7.3. By Organization Size
10.7.4. By Vertical
10.7.5. By Deployment
11. Latin America Cloud Service Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. Brazil Cloud Service Market
11.2.2. Mexico Cloud Service Market
11.2.3. Argentina Cloud Service Market
11.2.4. Rest Of Latin America Cloud Service Market
11.3. North America Cloud Service Market, By Service Model
11.3.1. SaaS
11.3.2. PaaS
11.3.3. IaaS
11.4. North America Cloud Service Market Revenue (US$Mn) Forecast, By Deployment
11.4.1. Public
11.4.2. Private
11.4.3. Hybrid
11.5. North America Cloud Service Market Revenue (US$Mn) Forecast, By Organization Size
11.5.1. Large Enterprises
11.5.2. Small & Medium Enterprises
11.6. North America Cloud Service Market Revenue (US$Mn) Forecast, By Vertical
11.6.1. BFSI
11.6.2. IT & Telecommunication
11.6.3. Retail and Consumer Goods
11.6.4. Manufacturing
11.6.5. Healthcare & Life Sciences
11.6.6. Government & Public Sector
11.6.7. Media & Entertainment
11.6.8. Energy & Utility
11.6.9. Others
11.7. North America Cloud Service Market Attractiveness Index
11.7.1. By Country
11.7.2. By Service Model
11.7.3. By Organization Size
11.7.4. By Vertical
11.7.5. By Deployment
12. Europe Cloud Service Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. U.K. Cloud Service Market
12.2.2. Germany Cloud Service Market
12.2.3. Italy Cloud Service Market
12.2.4. France Cloud Service Market
12.2.5. Spain Cloud Service Market
12.2.6. Russia Cloud Service Market
12.2.7. Poland Cloud Service Market
12.2.8. BENELUX Cloud Service Market
12.2.9. NORDIC Cloud Service Market
12.2.10. Rest Of Europe Cloud Service Market
12.3. North America Cloud Service Market, By Service Model
12.3.1. SaaS
12.3.2. PaaS
12.3.3. IaaS
12.4. North America Cloud Service Market Revenue (US$Mn) Forecast, By Deployment
12.4.1. Public
12.4.2. Private
12.4.3. Hybrid
12.5. North America Cloud Service Market Revenue (US$Mn) Forecast, By Organization Size
12.5.1. Large Enterprises
12.5.2. Small & Medium Enterprises
12.6. North America Cloud Service Market Revenue (US$Mn) Forecast, By Vertical
12.6.1. BFSI
12.6.2. IT & Telecommunication
12.6.3. Retail and Consumer Goods
12.6.4. Manufacturing
12.6.5. Healthcare & Life Sciences
12.6.6. Government & Public Sector
12.6.7. Media & Entertainment
12.6.8. Energy & Utility
12.6.9. Others
12.7. North America Cloud Service Market Attractiveness Index
12.7.1. By Country
12.7.2. By Service Model
12.7.3. By Organization Size
12.7.4. By Vertical
12.7.5. By Deployment
13. Asia Pacific Cloud Service Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. China Cloud Service Market
13.2.2. India Cloud Service Market
13.2.3. Japan Cloud Service Market
13.2.4. Australia and New Zealand Cloud Service Market
13.2.5. South Korea Cloud Service Market
13.2.6. ASEAN Cloud Service Market
13.2.7. Rest of Asia Pacific Cloud Service Market
13.3. North America Cloud Service Market, By Service Model
13.3.1. SaaS
13.3.2. PaaS
13.3.3. IaaS
13.4. North America Cloud Service Market Revenue (US$Mn) Forecast, By Deployment
13.4.1. Public
13.4.2. Private
13.4.3. Hybrid
13.5. North America Cloud Service Market Revenue (US$Mn) Forecast, By Organization Size
13.5.1. Large Enterprises
13.5.2. Small & Medium Enterprises
13.6. North America Cloud Service Market Revenue (US$Mn) Forecast, By Vertical
13.6.1. BFSI
13.6.2. IT & Telecommunication
13.6.3. Retail and Consumer Goods
13.6.4. Manufacturing
13.6.5. Healthcare & Life Sciences
13.6.6. Government & Public Sector
13.6.7. Media & Entertainment
13.6.8. Energy & Utility
13.6.9. Others
13.7. North America Cloud Service Market Attractiveness Index
13.7.1. By Country
13.7.2. By Service Model
13.7.3. By Organization Size
13.7.4. By Vertical
13.7.5. By Deployment
14. Middle East Cloud Service Market, By Region
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. GCC Countries Cloud Service Market
14.2.2. Israel Cloud Service Market
14.2.3. Oman Cloud Service Market
14.2.4. Rest Of Middle East Cloud Service Market
14.3. North America Cloud Service Market, By Service Model
14.3.1. SaaS
14.3.2. PaaS
14.3.3. IaaS
14.4. North America Cloud Service Market Revenue (US$Mn) Forecast, By Deployment
14.4.1. Public
14.4.2. Private
14.4.3. Hybrid
14.5. North America Cloud Service Market Revenue (US$Mn) Forecast, By Organization Size
14.5.1. Large Enterprises
14.5.2. Small & Medium Enterprises
14.6. North America Cloud Service Market Revenue (US$Mn) Forecast, By Vertical
14.6.1. BFSI
14.6.2. IT & Telecommunication
14.6.3. Retail and Consumer Goods
14.6.4. Manufacturing
14.6.5. Healthcare & Life Sciences
14.6.6. Government & Public Sector
14.6.7. Media & Entertainment
14.6.8. Energy & Utility
14.6.9. Others
14.7. North America Cloud Service Market Attractiveness Index
14.7.1. By Country
14.7.2. By Service Model
14.7.3. By Organization Size
14.7.4. By Vertical
14.7.5. By Deployment
15. Africa Cloud Service Market, By Region
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. South Africa Cloud Service Market
15.2.2. Egypt Cloud Service Market
15.2.3. North Africa Cloud Service Market
15.2.4. Rest Of Africa Cloud Service Market
15.3. North America Cloud Service Market, By Service Model
15.3.1. SaaS
15.3.2. PaaS
15.3.3. IaaS
15.4. North America Cloud Service Market Revenue (US$Mn) Forecast, By Deployment
15.4.1. Public
15.4.2. Private
15.4.3. Hybrid
15.5. North America Cloud Service Market Revenue (US$Mn) Forecast, By Organization Size
15.5.1. Large Enterprises
15.5.2. Small & Medium Enterprises
15.6. North America Cloud Service Market Revenue (US$Mn) Forecast, By Vertical
15.6.1. BFSI
15.6.2. IT & Telecommunication
15.6.3. Retail and Consumer Goods
15.6.4. Manufacturing
15.6.5. Healthcare & Life Sciences
15.6.6. Government & Public Sector
15.6.7. Media & Entertainment
15.6.8. Energy & Utility
15.6.9. Others
15.7. North America Cloud Service Market Attractiveness Index
15.7.1. By Country
15.7.2. By Service Model
15.7.3. By Organization Size
15.7.4. By Vertical
15.7.5. By Deployment
16. Recommendation
16.1. Market Strategy
17. Competitive Landscape
17.1. Competition Dashboard
17.2. List and Company Overview of Global Key Players
17.3. Company Profiles
17.3.1. Amazon.com Inc.
17.3.1.1. Company Overview
17.3.1.2. Financial Overview
17.3.1.3. Product Portfolio
17.3.1.4. SWOT Analysis
17.3.1.5. Key Developments
17.3.1.6. Business Strategies
17.3.2. Microsoft Corporation
17.3.3. Alphabet Inc,
17.3.4. Oracle Corporation
17.3.5. Cisco Systems, Inc.
17.3.6. Salesforce.com, Inc.
17.3.7. SAP SE
17.3.8. VMware, Inc.
17.3.9. IBM Corporation
17.3.10. Alibaba Group Holding Ltd.
17.3.11. Rackspace Inc.
17.3.12. Adobe Systems Inc.
17.3.13. SAS Institute Inc.
17.3.14. Dell EMC Corp.
17.3.15. TIBCO Software Inc.
18. Acronyms
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Frequently Asked Questions
The global cloud services market is estimated to reach at a value of US$ 372.9 Bn by the end of 2020 and expected to reach at a value of US$ 1,251.8 Bn by 2028 with a significant CAGR of 16.4%
Surging adoption of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), as well as the growing conviction of several industries on cloud-based solutions are the key factors driving the growth of market
The global cloud services market is segmented on the basis of the service model, deployment, organization size, vertical, and region.
Amazon.com Inc., Microsoft Corporation, Alphabet Inc, Oracle Corporation, Cisco Systems, Inc., Salesforce.com, Inc., SAP SE, VMware, Inc., IBM Corporation, Alibaba Group Holding Ltd., Rackspace Inc., Adobe Systems Inc., SAS Institute Inc, Dell EMC Corp.and TIBCO Software Inc., among others are the key participating players in the market