Cloud Services Market

Category : Information & Communication Technology Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 212

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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



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