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Market Research Report

Global Cloud Computing Market Outlook 2019-2035: Growth Opportunities | COVID-19 Impact Analysis | Latest Edition

Published Date :

2021-01-29

Report Pages :

537

Format :

PDF

Region Covered :

Global

Global Cloud Computing Market Overview, 2019-2035

Cloud Computing Market is changing in today's world and lot has happened over the yester years. With the advent of modernization and urbanization different technologies have come into today’s world for better improvement of lives of people. Cloud computing has not only been a patios in the IT sector but now also is in use in different sectors such as banking, finance, education, real estate, utilities, air lines and telecom. On the other hand we can see that many e-commerce firms are using cloud applications in one way or the other. People are generally confused with the very concept of cloud computing but things can be made easy by understanding the definition of cloud computing. The best way to understand this is to say this that it signifies the entire IT industry being transformed from a physical world towards a virtual world. It is not just an incremental change but it is profound transformation for the entire IT industry. The increasing volume of data generation in websites and mobile applications, rising focus on delivering customer-centric applications for driving customer satisfaction, and growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are a few factors driving the growth of the emerging technologies. The emerging technologies such as big data, artificial intelligence are gaining importance which is leading the growth of cloud computing market globally. Moreover, the other factors which are considered to be the major factors such as data security, disaster recovery are growing factors of the cloud computing market. The need to mitigate the risk, store data reduces storage and infrastructure complexities, increase business efficiency are leading the growth of cloud computing market globally. The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion up from $182.40 billion in 2018. The fastest growing market segment will be the cloud system infrastructure services or IAAS and second highest will be PAAS or cloud application infrastructure. Research after the analysis shows that there are no vendors or service providers whose business models offerings and revenue growth are not only influenced by the increasing adoption of cloud strategies in organizations. Research also projects that growth in the sector would be three times much more than the growth of overall IT services globally. Cloud happens to be one of the three most initiating sector for investment out of the other IT sectors. Technology is shifting from cloud first to cloud only technology. Organizations need cloud related services to go public and their budget is allocated to spend on public cloud. And also transform operations into public cloud services. Cloud happens to be the mainstream within the most of the organizations, to deliver their services through cloud.

Enabling Technologies

The following precursor technologies enabled cloud computing as it exists today:

  • SaaS
  • Inexpensive storage
  • Inexpensive and plentiful client CPU bandwidth to support significant client computation
  • Sophisticated client algorithms, including HTML, CSS, AJAX, REST
  • Client broadband
  • SOA (service-oriented architectures)
  • Large infrastructure implementations from Google, Yahoo, Amazon, and others that provided real-world, massively scalable, distributed computing
  • Commercial virtualization.

Cloud computing can be divided into three areas:

  • SaaS (software-as-a-service). WAN-enabled application services (e.g., Google Apps, Salesforce.com, WebEx)
  • PaaS (platform-as-a-service). Foundational elements to develop new applications (e.g., Cog head, Google Application Engine)
  • IaaS (infrastructure-as-a-service). Providing computational and storage infrastructure in a centralized, location-transparent service (e.g., Amazon)

Market Dynamics

Growth Drivers

  • Increased Automation and Agility- The system has become too autonomous with the advent of cloud services. Cloud services are automated and the systems have become really complex. The system is growing into complexity and there is need for more sophisticated technology.
  • Need For Delivering Enhanced Customer Experience- There is need for delivering enhanced customer services to the organizations for their betterment. With the advent of cloud services there is need for good customer services. The technologies are so complex that we require much forced customer service.
  • Increased Cost-Savings and Return On Investment-Research after the analysis shows that there is a huge amount of cost savings and return on investment when it comes to cloud services. There a huge profit margin both for the parent company and the home country.

Restraints

  • Data Prone to Cyber-Attacks- There is a serious threat of cybercrime and cyber-attacks on such kind of development. Hackers may try to attack their information and data, which is the main reason why cloud market is not advancing to a great extent.
  • Lack of Skilled Labor- The technologies are so skilled and complex which is required, hence there is serious lack of skilled labors in the economy globally. Few countries in the world have that kind of skilled labor such as North America (United States and Canada) but the other developing countries do not have such resources to initiate the cloud services in the country.

Opportunities

  • Increase in Adoption of Hybrid Cloud Services- Research after the analysis shows that there is increased adoption of Hybrid cloud services in the economy as a whole. Out of all the cloud services, hybrid is in great demand.
  • Rise in Number of Small and Medium-Sized Enterprises to Create New Revenue Opportunities for Cloud Vendors- With the advent of cloud services there is a whole lot of opportunities for rise in the number of small enterprises and medium enterprises. Increased cloud services will not only increase the number of small and medium scale enterprises will also generate revenue which in turn will create job opportunities for the people.

Challenges

  • Increased Need to Manage Regulatory and Compliance Policy Needs-There is a challenge when implementing cloud services which is compliance and regulatory policy needs. The laws are so strict when it comes to cloud services.
  • Compatibility Issues with Legacy Systems- There are compatibility issues with the legacy systems when it comes to cloud computing. There are systems which have grown old and they are really not compatible with the new systems.

Geographical Market (Dominate Market, Target Opportunities, etc)

Region Wise Cloud Computing Market Analysis

  • North America has accounted for more than half of the world's cloud computing market share; mainly due to the United States.
  • APAC is anticipated to offer significant growth possibilities for cloud computing market. A few variables driving the implementation of cloud computing in this region are the growing availability of skilled labor and the keen concentrate given by SMEs and big companies to enter and develop in this region. The region is developing and may develop in the near future as well.
  • Northern European companies are approaching 50% adoption rates, with single-figure adoption rates for companies in Central and Eastern Europe. Cloud computing market growth in Europe is gaining ground slowly.

Retail and consumer goods vertical to grow at the highest rate during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, Dev Ops, digital stores, and social networks.

Various factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations leading to the existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services.

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Merger & Acquisition Activities

Red Hat is a 25-year-old company that’s most popular for its Red Hat Enterprise Linux and   open source technology used in datacenters. Red Hat was valued at $20.5 billion before IBM acquired it for a massive $34 billion. This deal is the largest ever made by Big Blue, and Red Hat is part of IBM’s hybrid cloud division. Together, both companies will provide an open approach to the cloud, providing users with remarkable security and portability across various clouds. Announced in October 2018, this effort puts IBM at the No. 1 rank in the hybrid cloud market. As for Red Hat, it will continue its open source venture while drawing on IBM’s hybrid cloud to expand globally. IBM plans to stay committed to Red Hat’s open source model and empower its vast developer ecosystem. Together, they will continue in building partnerships with major cloud vendors including Amazon Web Services, Microsoft Azure, Google Cloud, and others. There is hesitation among enterprises to move towards the cloud because of the proprietary nature of the cloud market. IBM and Red Hat plan on providing unique and seamless solutions that will make portability across different clouds easier.

Salesforce is a big name in the cloud market and is sprinting to the top as a cloud vendor. This customer relations management (CRM) software helps users manage interactions with customers that can help businesses grow. Salesforce acquired Mulesoft, which went public in 2017, for $6.5 billion in the spring of 2018. Mulesoft helps customers link their databases, applications, and IT infrastructure in a single, unified system. Mulesoft had incurred losses in business since it went public.In a need to grow and expand, Salesforce will embed Mulesoft in its Salesforce Integration Cloud so that customers have easy access to corporate data. This comes after Salesforce’s plans to acquire LinkedIn in order to have easy access to corporate data were quashed by Microsoft when it bought LinkedIn a few years ago. Salesforce plans on using this data to grow its AI endeavor called Einstein.

Players Specific Data (Product Launch, international or domestic players dominance, Sales Distribution, etc)

Product Launch - MailStore Server is one of the world’s leading solutions for email archiving. Easy to install, reliable and low-maintenance. The software creates 1:1 copies of all emails in a central email archive to ensure the security and availability of large amounts of data. Users can still access their email using Microsoft Outlook, MailStore Web Access, or mobile devices such as tablets or smartphones, and search through them at breathtaking speed.

The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. The infrastructure-as-a-service wars have been largely decided, with the spoils going to Amazon Web Services, Microsoft Azure, and Google Cloud Platform, but new technologies such as artificial intelligence and machine learning have opened the field up to other players.

Meanwhile, the cloud computing market in 2019 has a decidedly multi-cloud spin, as the hybrid shift by players such as IBM, which acquired Red Hat, could change the landscape. This year's edition of the top cloud computing providers also features software-as-a-service giants that will increasingly run more of your enterprise's operations via expansion.

One thing to note about the cloud in 2019 is that the market isn't zero sum. Cloud computing is driving IT spending overall. For instance, Gartner predicts that 2019 global IT spending will increase 3.2 percent to $3.76 trillion with as-a-service models fueling everything from data center spending to enterprise software.

In fact, it's quite possible that a large enterprise will consume cloud computing services from every vendor in this guide. The real cloud innovation may be from customers that mix and match the following public cloud vendors in unique ways.

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for Global Cloud Computing Market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Reasons to buy this market study
  • Facilitate decision-making based on strong historic and forecast data for Global Cloud Computing Market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Global Cloud Computing Market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitor’s business structure, strategy and prospects’s growth potential



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Global Cloud Computing Market Outlook 2019-2035: Growth Opportunities | COVID-19 Impact Analysis | Latest Edition

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