Cloud Computing Market Size, Share and Global Market Forecast to 2027 | COVID-19 Impact Analysis

Cloud Computing Market Business Model Analysis 2020-2027 Better Ideas...Better Solutions !!

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Cloud Computing Market Size 20202027 Europe

North America

Asia Pacific

Middle East and Africa Latin America

Market Size 2019

USD 297.81 Billion

Market Size 2027

USD 1,092.48 Billion

CAGR

17.7 %

Leading Region

North America

Market Overview:

Major development of next-generation industrial solutions is supposed to be cloud based and will need a cloud platform for showcasing their digital business capabilities. Increase in the adoption of Machine Learning (ML), usage of real-time analytics that is enabled by Artificial Intelligence (AI), 5G and edge computing, Internet of Things (IoT) is expected to further boost the utility of the computing technology amongst various organizations.

At regional level, market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America was the largest regional market in 2019 with revenue share of about 48.3%. The presence of various key vendors like IBM Corporation, Amazon.com Inc., Oracle Corporation, Microsoft Corporation and similar companies having a higher inclination in adopting new technologies is expected to aid this region to strengthen its market share further.

Market Drivers, Restraint, Opportunities: Market Drivers

Market Restraint

• Inclination of enterprises toward automation and agility

• Cyberattacks damaging business operations and critical data loss

• Rise in demand for cloud-based business continuity tools and services

• Limited technical expertise among enterprises in technologically developing geographies

• Enhanced customer experience with personalization and collaboration • Surging demand for remote workspaces with COVID-19 outbreak

Market Opportunities • Boosting the adoption of edge technologies •

Increase in adoption of hybrid cloud services

By Service

By Deployment

Market Segmentation

By Organization Size

All the segments are evaluated by taking into consideration the historic and future trends. All the segments with the dominating & fastest growing subsegments and the factors responsible for the same are studied and are mentioned in the report.

By Region

Cloud Computing Market Segmentation Analysis 01

By Service: (Software as a service, Platform as a Service, Infrastructure as a Service)

02

By Deployment: (Public, Private, Hybrid)

03

By Organization Size: (SMEs, Large Enterprises)

04

By Regional (North America, Europe, Asia Pacific, Latin America Middle East and Africa)

Key Features of the Report Market structure:

Overview, industry life cycle analysis, supply chain analysis Market environment analysis:

Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis Competitive landscape and dynamics:

Market share, product portfolio, product launches, etc.

Key Player Analysis

Company Share & Revenue, Strategy, Product Portfolio

Key Players Analysis

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