Market Insights

The Public Cloud market was valued at USD 264.32 Billion in 2022, and it is expected to reach a value of USD 971.49 Billion by 2027, at a CAGR of 20.40% over the forecast period (2022 - 2027).

Industry business models and operational procedures are changing as a result of digital transformation. Communication with external partners, other sectors, and consumers is becoming more important, and the public cloud is the ideal platform for building an open inter-company network. Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) service suppliers will offer and install more processing capacity than enterprise data centers.

Segmental Analysis

A public cloud is one in which the provider owns and manages the physical infrastructure. They can offer a dedicated or shared operating environment, as well as the capacity to scale up and down on demand and the assurance of responsibility. These services include limitless capacity, potentially appealing prices resulting from large-scale infrastructures and related operating methods, and a pay-as-you-go pricing approach, making upfront server purchases unnecessary.

This report provides in-depth analysis of Global Public Cloud market. We have analyzed 20+ data points that include product price trends, consumer purchase patterns, company annual sales performance, COVID-19 impact on distribution channels, parent industry performance, regional trends, and technological innovations, for tracking the Global market size and performance in the recent years.

Global Public Cloud Market Segmentation

The Global Public Cloud market is segmented based on End-User,, and Region. Based on End-User it is categorized into: Cloud Business Process Services (BPaaS), Cloud Application Infrastructure Services (PaaS), Cloud Application Services (SaaS), Cloud Management and Security Services, Cloud System Infrastructure Services (IaaS), Desktop as a Service (DaaS). Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Regional Insights

Global Public Cloud Market: Impact of COVID 19

The COVID-19 pandemic has led to the closure of numerous operations throughout the world, as well as national governments enacting lockdowns to prevent the virus from spreading. The production and value chain of electronics gear has been significantly impacted, but on a bright note, it has encouraged remote working, which is good for the public cloud market. Organizations and workers can have uninterrupted access to IT resources housed in the public cloud without disrupting their operations..

Key Trends in Global Public Cloud Market

• Millions of people utilize public cloud services to save important documents and other multimedia types over the internet. Customer demand for enormous amounts of data and the requirement for a large number of data centers may lead to a surge in demand for public cloud services. The Public Cloud Market study assesses the market's potential by looking at trends, opportunities, growth engines, roadblocks, and challenges to estimate market growth and revenue size during the projected period.

• Smartphones, gadgets, and other consumer electronic devices have increased the demand for public cloud services. Enterprises and individuals may use public cloud services to store important data safely and securely. The huge number of encryption technologies integrated into the cloud account for data security might considerably increase the demand for public cloud services.

• Subscribing to pay-per-use models allows small and medium businesses (SMEs) to have access to data and efficiently manage operations. Because of their potential to keep operating costs low and increase productivity, cloud service firms are focusing on SMEs. Furthermore, governments' promotion of the use of digital services provides a significant possibility for the public cloud industry to grow. Over the projection period, the dependence on smart devices for business and personal uses might boost market demand.

Global Public Cloud Market: Regional Dynamics

In terms of geography, the public cloud market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Over the projected period, Asia Pacific is expected to be the fastest expanding region in the market. In recent years, the fast expansion of China and India, as well as the emergence of regional companies like Alibaba Group, has had a favorable influence on regional market growth.

Market Dynamics

Global Public Cloud Market: Competitive Landscape

The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. Some of their recent developments are as follows:

• In 2021, Alibaba Cloud unveiled four enterprise-class container services and offered its knowledge of the cloud-native operating system's evolution.

• In 2020, IBM launched AI for IT. AI for IT refers to the capabilities that enable every CIO and every technologist to automate their IT infrastructure to save money and improve resilience right away. A product named Watson AIOps is an important element of this.

• In 2019, Accenture has announced the Accenture Cloud-Native Core Solution to help businesses get the most out of the public cloud.

Key players in Public Cloud market are:

• International Business Machines Corporation

• Adobe Inc.

• Alibaba Group Holding Limited.

• Amazon.com Inc.

• Google LLC.

• IBM Corporation.

• Microsoft Corporation

• Oracle Corporation

• Salesforce.com Inc.

• SAP SE

• Workday, Inc.

Scope of the Report

The study provides an analysis of the Global Public Cloud Market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value.