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Cloud Computing Market Size Estimated 18% CAGR Rise and Will Reach USD 1025.9 Billion by 2026: Facts & Factors

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Cloud Computing Market Size Estimated 18% CAGR Rise and Will Reach USD 1025.9 Billion by 2026: Facts & Factors

July 06
18:55 2021
Cloud Computing Market Size Estimated 18% CAGR Rise and Will Reach USD 1025.9 Billion by 2026: Facts & Factors
[195+ Pages Report] According to Facts and Factors Market Research, the global cloud computing market in 2019 was approximately USD 321 Billion. The market is expected to grow at a CAGR of 18% and is anticipated to reach around USD 1025.9 Billion by 2026.

[195+ Pages Report] According to Facts and Factors Market Research, the global cloud computing market in 2019 was approximately USD 321 Billion. The market is expected to grow at a CAGR of 18% and is anticipated to reach around USD 1025.9 Billion by 2026.

Cloud computing is an information technology service delivery model where computing resources and software tools are offered by third-party service providers through the Internet network. Cloud computing provides various advantages over on-site hardware infrastructure, such as fast installation, scalability, low cost, mobile support, and lower network maintenance.

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Cloud Computing Market: Report Overview

Cloud computing is an information technology service delivery model where computing resources and software tools are offered by third-party service providers through the Internet network. Cloud computing provides various advantages over on-site hardware infrastructure, such as fast installation, scalability, low cost, mobile support, and lower network maintenance.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the cloud computing industry. The report analyzes and declares the historical and current trends analysis of the cloud computing industry and subsequently recommends the projected trends anticipated to be observed in the cloud computing market during the upcoming years.

The cloud computing market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire cloud computing market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Million) from FY 2016 – 2026.

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Cloud Computing Market: Top Companies in the Market

  • Amazon.com Inc.
  • Microsoft Corporation
  • Alphabet Inc.
  • Oracle Corporation
  • Cisco Systems Inc.
  • Salesforce.com Inc.
  • SAP SE
  • VMware Inc.
  • IBM
  • Rackspace Inc.
  • Adobe Systems Inc.
  • SAS Institute Inc.
  • Dell EMC Corp.
  • TIBCO Software Inc.

 

Cloud Computing Market: Growth Driving Factors Analysis

The rise in the adoption of cloud-based solutions over the past few years is driving the cloud computing market globally. The hybrid deployment is gaining popularity owing to its scalability, flexibility, multi-cloud space, and security assurance to organizations. Moreover, the growth in digital disruptions has raised cloud computing businesses. However, the rising concerns regarding security have hindered market growth. In future years, increasing the BYOD trend and several competitive advantages of cloud computing over an on-premise IT system will fuel the global market growth.

Cloud Computing Market: Key Segments Analysis

The cloud computing market is segmented based on the service model, deployment model, organization size, and vertical.  On the basis of service model segmentation, the market is classified into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). In terms of deployment model segmentation, the market is bifurcated into public, private, and hybrid. The hybrid cloud holds the largest market share owing to its increased adoption for various benefits such as it provides data security, and large storage spaces to reduce capital investments by deploying a combined solution of the public and private cloud model. On the basis of organization size, the market has been segmented into small, large, and medium-sized enterprises. Large enterprises hold the major market share in 2019. Furthermore, the vertical segment has been bifurcated into banking, financial services, and insurance (BFSI), IT & telecom, government & public sector, retail, healthcare, energy and utilities, media and entertainment, and manufacturing amongst others. The BFSI segment dominated the overall cloud computing market in recent years and is expected to maintain its position over the analysis period owing to increased adoption of hybrid cloud as it aids banks in managing costs with greater flexibility.

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(We customize your report according to your research need. Ask our sales team for report customization.)

Cloud Computing Market: Regional Analysis

In terms of geography, the cloud professional service market is classified into North America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. In 2019, North America is dominating the regional markets for cloud computing owing to its high adoption of cloud-based solutions in developed economies such as the U.S. and Canada. The Asia Pacific is expected to be the fastest-growing market due to the increasing availability of expert professionals and the rise in the number of small and medium enterprises in countries like India, China, and Brazil among others. As a result, the growing adoption of cloud services will fuel the global cloud computing market. The five major considered regions are further analyzed into major countries such as U.S., Mexico, Germany, UK, Canada, South Korea, Italy, India, Japan, Brazil, UAE, Egypt, France, China, South Africa, and Kuwait among others.

Browse detail report with in-depth TOC @ https://www.fnfresearch.com/cloud-computing-market-by-service-model-infrastructure-as-1145

The taxonomy of the cloud computing industry by its scope and segmentation is as follows:

Global Cloud Computing Market: By Service Model Segmentation Analysis

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

 

Global Cloud Computing Market: By Deployment Model Segmentation Analysis

  • Public
  • Private
  • Hybrid

 

Global Cloud Computing Market: By Organization Size Segmentation Analysis

  • Small and Medium-sized Enterprises
  • Large Enterprises

 

Global Cloud Computing Market: By Vertical Segmentation Analysis

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecom & IT
  • Government and Public Sector
  • Retail
  • Healthcare
  • Energy and Utilities
  • Media and Entertainment
  • Manufacturing
  • Others

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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