According to Goldstein Research, “Cloud computing technology play a vital role in reshaping the business and adoption of cloud services by several organization is giving an edge for growth of cloud computing market across the globe. Emerging trend such as hybridization, optimization of cloud costs, artificial intelligence and machine learning are gaining traction in the cloud computing technology. Companies such as Microsoft, AWS, Google and IBM are providing machine-learning and artificial-intelligence-based cloud services. These trends are expected to accelerate the growth of cloud computing market in the near future.”
Global cloud computing market is segmented on the basis of mode of deployment, by cloud services and by end user. Cloud services segment is further bifurcated into Infrastructure as a service (IaaS), Platform as a service (PaaS) and Software as a service (SaaS). Among these segments infrastructure as a service (IaaS) is the dominating segment and held nearly 44% revenue share of global cloud computing market in 2016 and is projected to reach USD 210 billion in 2024.
Asia-Pacific is the fastest growing region for cloud computing market. Asia-Pacific cloud computing market valued USD 25.2 billion in 2016, and is anticipated to grow at a remarkable CAGR of 20.0% during the forecast period. Huge investment on cloud services by government in countries such as China, Japan, South Korea, Australia and India are expected to propel the cloud computing market in Asia-Pacific region.
Machine Learning & AI: Unveiling Opportunities for Cloud Services
Machine learning, hybridization and artificial intelligence are becoming a common trend which is flourishing the cloud computing market across the globe. For instance, Amazon Web Services introduced Amazon Macie services which provides public cloud service mixed with artificial intelligence cloud for securing customer data in more efficient way. Microsoft’s Azure is providing more than 20 cognitive services to their clients. Further, various organizations are adopting containerization for cloud services. Leading vendors such as Amazon Web Services, and Google Cloud, Microsoft Azure are also promoting containers to provide the portability between cloud services. Kubernetes is gaining immense popularity for managing container networking, storage and security.
“Global Cloud Computing Market Outlook 2024” contains detailed overview of the global cloud computing market in terms of market segmentation by mode of deployment, by cloud services and by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global cloud computing market also provides competitive outlook of some of the major players of global cloud computing market which includes profiling of companies such as Amazon Web Services, Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Rackspace, VMware, Oracle, General Electric, Google Inc., Akamai, Fujitsu Ltd., Red Hat, Salesforce.com, HP, NTT Data Corporation, SAP, Dell Inc., Caspio Inc., Skytap, Accenture, Capgemini, ENKI LLC, Flexiant Ltd. and CA Technologies Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global cloud computing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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