Global Cloud Computing Market Trends, Size, Forecast - 2019-2025
Global Cloud Computing Market Trends, Size, Forecast - 2019-2025
Cloud computing involves the delivery of hosted services, such as software, servers, storage, analytics, intelligence, and networking over the internet. Cloud computing services are divided into three classes, such as Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). The major factors boosting the growth of the market include the rising adoption of cloud-based services and the rising number of small and medium enterprises across the globe. Rising adoption of the cloud platform is attributed to the faster deployment of new capabilities. Cloud-based platform is adopted by the enterprises across the globe as an effective medium for storing and management of the data.
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Large storage space is required for the commercial data that varies in small & medium-sized enterprises (SMEs) and large enterprises. With the increasing amount of data generated through IoT, many enterprises have shifted their data to the cloud storage by choosing service providers such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Furthermore, in the European Union, the demand for cloud-based services among enterprises has been growing significantly. For instance, according to Eurostat, 26% of EU enterprises used cloud computing in 2018, primarily for e-mails and storage of files, whereas, in 2016, 21% of EU enterprises adopted cloud computing services.
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Global Cloud Computing Market Segmentation
By Deployment Model
Private Cloud
Public Cloud
Hybrid Cloud
By Component
Hardware
Software and Services
By Vertical
Government
Military & Defense
BFSI
Telecom & IT
Healthcare
Retail
Others (Energy and Utilities, Media and Entertainment)
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Accenture PLC
Adobe, Inc.
Akamai Technologies, Inc.
Alibaba Cloud International
Amazon Web Services, Inc.
Apple, Inc.
AT&T, Inc.
CenturyLink, Inc.
Cisco Systems, Inc.
Citrix Systems, Inc.
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