Cloud Computing Market Introduction
Cloud computing technology has a significant influence of the IT strategy roadmap of frontrunner end-user industries. It allows large or mid enterprises to avail on-demand self-services and access broad network and enable them to respond to business opportunity. Widespread adoption of cloud computing technology will have transformative effect on all types of organizations and government bodies. This technology has the ability to spur innovations, provide flexibility and scalability to end user organizations, reduce time to market, and deliver new customer engagement solutions.
End user organizations across major verticals such as BFSI, manufacturing, retail, and energy & utilities are rapidly shifting towards cloud computing technology to reduce cost associated with IT staff and infrastructure. Additionally, enhanced storage capacity, scalability, and flexibility offered by cloud computing technology is expected to encourage enterprises to embrace this technology. This, in turn, is projected to fuel growth of the cloud computing market across the globe. In contrast, major issues associated with data security and privacy is impeding adoption of IaaS and SaaS models, hindering growth of the cloud computing market. Further, lack of control over data and regulatory compliances are other factors hampering the market growth to some extent.
The global cloud computing market has been segmented into type, deployment model and end-user industry. Based on the type, the market is bifurcated into platform as a service (PaaS), infrastructure as a service (IaaS), software as a service (SaaS), and other services. The cloud computing market is segmented based on deployment model into private cloud, public cloud and hybrid cloud. Public cloud model is gaining traction among end-user vertical than other deployment model. The end-user industries analyzed in the research study are BFSI, manufacturing, energy & utility, government & education, retail, healthcare, media & entertainment, IT & telecom, Transportation, and other end users.
The global cloud computing market study takes in major regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa. Of these, North America was the dominant regional market in terms of spending on IaaS, PaaS, and SaaS in 2016. Major end-user industries such as manufacturing, BFSI and healthcare are investing substantial amount on cloud computing technologies. Western Europe and Asia Pacific are the other attractive regional markets for cloud computing services providers. Growing awareness and enhanced data security services offered by third party service providers are fueling growth of cloud computing market in these regions.
Cloud Computing Market Competitive Landscape
Prominent players operating in the global cloud computing market are Amazon Web Services, Inc., Google Inc., salesforce.com, Inc., Microsoft Corporation, VMWare, Inc., SAP SE, Cisco Systems, Inc., Oracle Corporation, IBM Corporation, Software AG, and Hewlett Packard Enterprise. These players are focused towards offering tailored and cost-effective services to end user organizations to remain ahead in the competition in long run.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on cloud computing market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.