Cloud Computing Market

Cloud Computing Market by Service Model (IaaS, PaaS, SaaS), Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Vertical (BFSI, Telecommunications, Manufacturing, Retail & Consumer Goods) and Region - Global Forecast to 2028

Report Code: TC 1228 Dec, 2023, by marketsandmarkets.com

[346 Pages Report] The global cloud computing market is expected to grow from USD 626.4 billion in 2023 to USD 1,266.4 billion by 2028 at a CAGR of 15.1% during the forecast period.

The growth of the cloud computing market is the growing demand of the retail & consumer goods and healthcare & life sciences industries. It has witnessed the fastest growth owing to the increasing adoption of AI, ML, Big Data, edge computing, and 5G technologies. The key reasons for adopting these technologies are that cloud computing can support SaaS, PaaS, and IaaS service models.

Cloud computing has become an indispensable part of modern business operations, offering a wide range of benefits driving its rapid adoption. The versatility of cloud computing has led to its adoption across various industries and diverse use cases. Cloud storage services like Amazon S3, Microsoft Azure Blob Storage, and Google Cloud Storage provide scalable and secure storage for data of all types, including documents, images, videos, and files; this eliminates the need for businesses to invest in and maintain on-premises storage infrastructure. PaaS provides developers with a cloud-based platform for building, deploying, and managing applications; this eliminates the need for businesses to invest in and maintain development infrastructure. These are driving factors of the cloud computing market.

Cloud Computing Market

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Cloud Computing Market Opportunities

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Drivers: Accelerated spending on cloud

Businesses aim to expand quickly and capture a significant market share. Achieving this goal entails streamlining operations by ensuring data is readily available at every touchpoint. Cloud computing services facilitate business functionalities by providing access to information across all devices anytime and from anywhere. As businesses evolve to meet customers’ needs, the demand for cloud computing services is growing, and their reliability is improving. During the first quarter of 2020, cloud spending rose 37% to USD 29 billion. The increasing need for scalable, secure, dependable, and affordable resources off-premises is driving the demand for cloud computing services. Despite the expected economic slowdown due to the pandemic, cloud spending increased by 19% in 2020, even though IT spending will decline by 8%. According to recent data, corporate spending on cloud computing is growing at double-digit rates as chief information officers and other tech leaders choose cutting-edge features such as artificial intelligence that are more expensive than standard business apps. Due to the current macroeconomic conditions, cloud leaders are increasingly using cloud-based services (42%), planning to migrate from legacy software to cloud-based tools (33%), and migrating on-premises workloads to the cloud (32%).

Restraint: Lack of technical knowledge and expertise

Organizations require staff with technical skills and knowledge to implement, process, analyze, and secure cloud solutions. However, there is a severe scarcity of technical skills among IT workers, particularly in cloud computing. This lack of expertise is causing companies to miss out on the benefits of the cloud and emerging technologies, ultimately leading to a loss of market share and revenue. Companies struggle to find suitable candidates due to challenges, including rapid hiring processes, high wages for experienced cloud workers, and difficulty finding individuals who align with the organization’s culture. If the shortage of cloud workers continues, the company’s growth engines could sputter. Despite 80% of IT leaders recognizing that the lack of skilled workers prevents companies from expanding their modern software engineering and cloud environments, over 90% plan to achieve this goal.

Opportunities: Adoption of IoT and connected devices

The technological landscape evolves with innovations added every day. Two of the closely related future internet technologies are IoT and cloud computing. IoT provides a foundation for cloud computing to succeed. IoT devices produce data that must be collected and processed locally or remotely on a server. In many IoT applications, remote data hosting and analytics are more practical and cost-effective solutions. As IoT and cloud computing continue to expand, there is also a growing interest in edge computing. Edge computing can help reduce the demand for cloud storage by pre-filtering data and sending only some of it to distant servers.

Moreover, edge computing has enormous promise for real-time data analytics. In the future, it is likely to work in conjunction with IoT devices and cloud computing, providing an even better framework for the constantly growing data streams from massive IoT applications. However, moving all data processing and storage back to the edge is impractical for most businesses.

Challenges: High complexity due to the adoption of multi-cloud model

Lean IT teams are facing new challenges in addressing their current difficulties. Businesses have traditionally focused on cost control, efficiency improvement, and process optimization. However, the pandemic has forced them to prioritize deployments, leading to a rush towards public cloud solutions without adequate due diligence; this has resulted in increased complexity, higher costs, and less flexibility, with little focus on achieving strategic business goals. According to a recent study, 87% of respondents agree that managing mixed-cloud infrastructures is essential for multi-cloud success. As multi-cloud deployments become more common, organizations face various challenges in managing cloud resources. Cloud computing operates at multiple levels, each with its best practices and deployment rules, making it difficult to use in multi-cloud scenarios. The complexity of managing cloud resources increases with each additional cloud environment used. The management burden also increases with the number of public cloud vendors used, as no industry standards exist. Therefore, it is crucial to review the security measures of each vendor and understand the breadth of their security measures before signing up for multi-cloud services.

Ecosystem

Top Companies in Cloud Computing Market

Based on the deployment model, the hybrid cloud segment significantly contributes the highest CAGR to the cloud computing market during the forecast period.

Hybrid cloud in cloud computing refers to an IT architecture incorporating some degree of workload portability, orchestration, and management across two or more environments, including on-premises data centers, private clouds, and public clouds. The hybrid cloud model allows organizations to take advantage of the benefits of both private and public clouds, providing greater flexibility, scalability, and optimization of resources. A hybrid cloud will enable organizations to move applications and workloads between private and public clouds based on specific needs. This flexibility is valuable for managing varying demands and optimizing costs. A hybrid cloud provides the capability to have redundant and backup systems across different environments. In case of a failure or disaster in one location, workloads can be shifted to another environment, ensuring business continuity. A hybrid cloud allows organizations to optimize costs by choosing the most cost-effective platform for each workload. It also enables a pay-as-you-go model for resources consumed from public clouds.

Based on the vertical, the BFSI segment holds a significant cloud computing market share during the forecast period.

Payment gateways, online fund transfers, digital wallets, and unified customers play a significant role in the BFSI industry, facilitating the transition to cloud deployment. BFSI companies have started using Infinity Distribution Services, a suite of cloud-based banking distribution services launched by Switzerland-based company Temenos. The company leverages AI to modernize its legacy systems into digital platforms. These platforms would enable banks to offer digital onboarding services, fund authorization, marketing, and other services that banks of any size can deploy in any pandemic. Additionally, MACIF Group, a French mutual insurance provider, has deployed Microsoft’s G Suite for over 8,000 employees to ensure business continuity. This deployment has allowed employees to shift from in-person to more than 1,300 Google Meet video meetings daily. Regulatory Compliance and Reporting- Cloud-based compliance solutions help banks manage and maintain compliance with complex and ever-changing regulatory requirements. These solutions automate compliance tasks, provide real-time reporting, and ensure adherence to data privacy regulations. Mobile Payments and Transfers- Cloud-based solutions facilitate secure and convenient mobile payments, money transfers, and bill payments, enabling customers to manage their finances seamlessly from their smartphones or tablets.

Asia Pacific Cloud Computing Market Size, and Share

Asia Pacific to grow at the highest CAGR during the forecast period.

The adoption of advanced technologies, such as IoT and AI, edge computing, and 5G across verticals will drive the growth of the cloud computing market in the Asia Pacific. The increasing investments from private sectors, robust government support, and availability of a vast population drive the growth of new and emerging technologies in the Asia Pacific. Many countries in the Asia-Pacific region are embracing AI and machine learning technologies across industries, including finance, healthcare, retail, and manufacturing. Japan is one of the most advanced countries in terms of ICT development. It has always been a frontrunner in adopting advanced technologies like IoT, LTE, SDN, and AI. With the expansion in public cloud technologies, many enterprises in Japan want to switch their core applications to the cloud. With migration toward the cloud over the next five years, IaaS and PaaS are likely to surpass the growth of the SaaS model, which would increase the adoption rate of cloud computing in the region. According to secondary data, the country has been ranked second on the Global Cloud Computing Scoreboard. Therefore, Japanese companies are the main reason for promoting R&D investments for technological advancements. The expansion of the cloud computing market in Australia is due to the prevalence of numerous channel partners in the region, including VAR distributors, and their ongoing efforts to assist customers in switching to the cloud. The country presents attractive opportunities for cloud-based technologies due to the availability of advanced and reliable cloud infrastructure. Most MSPs in Australia are helping enterprises navigate various cloud options and migrate the existing workloads to multiple cloud environments, leading to the growing adoption of the multi-cloud strategy in Australia.

Key Players

AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Skytap (US), OVH (France), Navisite (US), CenturyLink (US), Infor (US), Sage (UK), Intuit (US), OpenText (Canada), Cisco (US), Box (US), Zoho (US), Citrix (US), Epicor (US), Upland Software (US), ServiceNow (US), IFS (Sweden), App Maisters (US), Zymr (US), JDV Technologies (India), Tudip Technologies (India), Visartech (US), Cloudflex (Nigeria), Cloudways (Malta), Vultr (US), and pCloud (Switzerland) are the key players in the cloud computing market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Billion (USD)

Segments Covered

Service Model, Deployment Model, Organization Size, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Skytap (US), OVH (France), Navisite (US), CenturyLink (US), Infor (US), Sage (UK), Intuit (US), OpenText (Canada), Cisco (US), Box (US), Zoho (US), Citrix (US), Epicor (US), Upland Software (US), ServiceNow (US), IFS (Sweden), App Maisters (US), Zymr (US), JDV Technologies (India), Tudip Technologies (India), Visartech (US), Cloudflex (Nigeria), Cloudways (Malta), Vultr (US), and pCloud (Switzerland).

This research report categorizes the Cloud Computing market based on Service Model, Deployment Model, Organization Size, Vertical, and Region.

Based on the service model, the Cloud Computing market segments are as follows:
  • Infrastructure as a Service (IaaS)
    • Primary storage
    • Disaster Recovery & Backup
    • Archiving
    • Compute
  • Platform as a Service (PaaS)
    • Application Development & platforms
    • Application Testing & Quality
    • Analytics & Reporting
    • Data Management
  • Software as a Service (SaaS)
    • Customer Relationship Management
    • Enterprise Resource Management
    • Human Capital Management
    • Content Management
    • Collaboration & Productivity Suites
    • Supply Chain Management
    • Other SaaS service models
Based on the deployment model, the Cloud Computing market segments are as follows:
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
Based on organization size, the Cloud Computing market segments are as follows:
  • Large Enterprises
  • Small & Medium Enterprises
Based on vertical, the Cloud Computing market segments are as follows:
  • BFSI
  • Energy & Utilities
  • Government & Public Sector
  • Telecommunications
  • IT & ITeS
  • Retail & Consumer Goods
  • Manufacturing
  • Media & Entertainment
  • Healthcare & Life Sciences
  • Other Verticals
Based on regions, the Cloud Computing market segments are as follows:
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • Singapore
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • Gulf Cooperation Council (GCC)
      • UAE
      • Saudi Arabia
      • Qatar
      • The rest of the GCC Countries (Bahrain, Oman, and Kuwait)
    • South Africa
    • Rest of the Middle East & Africa

Recent Developments

  • In January 2023, the Apsara Developer Community, a new center developed to help worldwide developers through an increased offering of different developer tools and services, was unveiled by Alibaba Cloud. It aspires to foster the continued expansion of the developer community while facilitating the advancement of the digital economy across markets.
  • In October 2023, BT and Google Cloud launched a new relationship centered on a more substantial commitment to cybersecurity innovation. BT would become a managed services delivery partner for Google’s Autonomic Security Operations (ASO) product based on Google Chronicle as part of the partnership.
  • In June 2023, IBM acquired Agyla SAS. To extend IBM Consulting’s localized cloud expertise for French clients, IBM bought Agyla SAS, a leading cloud professional services provider in France. The acquisition will broaden IBM’s hybrid multi-cloud services portfolio and enhance the company’s hybrid cloud and AI ambitions in the region.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2018–2022
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH APPROACH 
           FIGURE 1 CLOUD COMPUTING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET FORECAST 
           TABLE 2 FACTOR ANALYSIS
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 2 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    FIGURE 5 MARKET: RESEARCH FLOW
           2.3.3 MARKET ESTIMATION APPROACHES
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): ILLUSTRATION OF VENDOR REVENUE ESTIMATION
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM SUPPLY SIDE, COLLECTIVE REVENUE OF VENDORS
                    FIGURE 9 DEMAND-SIDE APPROACH: CLOUD COMPUTING MARKET
    2.4 DATA TRIANGULATION 
           FIGURE 10 MARKET: DATA TRIANGULATION
    2.5 IMPACT OF RECESSION ON GLOBAL MARKET 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 54)
    TABLE 3 CLOUD COMPUTING MARKET SIZE AND GROWTH, 2018–2022 (USD BILLION, Y-O-Y %) 
    TABLE 4 MARKET SIZE AND GROWTH, 2023–2028 (USD BILLION, Y-O-Y %) 
    FIGURE 11 GLOBAL MARKET TO WITNESS SIGNIFICANT GROWTH 
    FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2023 
    FIGURE 13 FASTEST-GROWING SEGMENTS OF MARKET 
 
4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 OVERVIEW OF CLOUD COMPUTING MARKET 
           FIGURE 14 RISE OF REMOTE WORK AND GLOBALIZATION TO DRIVE MARKET GROWTH
    4.2 MARKET, BY SERVICE MODEL 
           FIGURE 15 SAAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.3 MARKET, BY DEPLOYMENT MODEL 
           FIGURE 16 PUBLIC CLOUD DEPLOYMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 MARKET, BY ORGANIZATION SIZE 
           FIGURE 17 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.5 MARKET, BY VERTICAL 
           FIGURE 18 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
    4.6 MARKET: REGIONAL SCENARIO 
           FIGURE 19 ASIA PACIFIC EXPECTED TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 63)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 CLOUD COMPUTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Accelerated spending on cloud
                               FIGURE 21 GLOBAL PUBLIC CLOUD INFRASTRUCTURE-AS-A-SERVICE (IAAS) END-USER SPENDING (BILLION USD)
                    5.2.1.2 Rising demand for AI
                               FIGURE 22 AVERAGE NUMBER OF AI OR ML PROJECTS DEPLOYED
                    5.2.1.3 Personalized customer experience
                    5.2.1.4 Need for disaster recovery and contingency plans
           5.2.2 RESTRAINTS
                    5.2.2.1 Data security and privacy concerns
                               FIGURE 23 ENTERPRISE SECURITY ISSUES
                    5.2.2.2 Lack of technical knowledge and expertise
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing government initiatives
                    5.2.3.2 Adoption of IoT and connected devices
                               FIGURE 24 PROGNOSIS OF WORLDWIDE SPENDING ON INTERNET OF THINGS (IOT) FROM 2018 TO 2023 (BILLION USD)
           5.2.4 CHALLENGES
                    5.2.4.1 High complexity due to adoption of multi-cloud model
                    5.2.4.2 Risk of vendor lock-in
    5.3 CASE STUDY ANALYSIS 
           5.3.1 CASE STUDY 1: ZEOTAP IMPLEMENTED DEVOPS ARCHITECTURE TO IMPROVE PROCESS OPTIMIZATION
           5.3.2 CASE STUDY 2: GHOST TEAM IMPLEMENTED DIGITALOCEAN’S APP TO MEET ITS CLOUD COMPUTING REQUIREMENTS
           5.3.3 CASE STUDY 3: CITRIX CLOUD ENABLED AUTODESK TO ENHANCE ITS DIGITIZATION
           5.3.4 CASE STUDY 4: AWS CLOUD HELPED SIMSCALE SIMULATE COST-EFFECTIVE DESIGNS AND MAKE BETTER-INFORMED DECISIONS
           5.3.5 CASE STUDY 5: ACCENTURE DIGITAL EXPERIENCE REVOLUTIONIZED MINNA BANK
    5.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 25 CLOUD COMPUTING MARKET: SUPPLY CHAIN
    5.5 ECOSYSTEM ANALYSIS 
           FIGURE 26 MARKET: ECOSYSTEM
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 27 MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 PRICING ANALYSIS 
           5.7.1 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY SOLUTION
                    TABLE 6 CLOUD COMPUTING MARKET: AVERAGE PRICING LEVELS (USD)
           5.7.2 INDICATIVE PRICING ANALYSIS OF CLOUD COMPUTING SOLUTIONS
                    TABLE 7 INDICATIVE PRICING ANALYSIS OF CLOUD COMPUTING SOLUTIONS
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 KEY TECHNOLOGY
                    5.8.1.1 Containerization
                    5.8.1.2 Virtualization
           5.8.2 COMPLIMENTARY TECHNOLOGY
                    5.8.2.1 Internet of Things (IoT)
                    5.8.2.2 Cybersecurity
                    5.8.2.3 DevOps
           5.8.3 ADJACENT TECHNOLOGY
                    5.8.3.1 Artificial Intelligence (AI)
                    5.8.3.2 Big data
                    5.8.3.3 Data analytics
                    5.8.3.4 Machine Learning (ML)
                    5.8.3.5 5G
    5.9 PATENT ANALYSIS 
           FIGURE 28 NUMBER OF PATENTS PUBLISHED, 2012–2023
           FIGURE 29 TOP FIVE PATENT OWNERS (GLOBAL)
           TABLE 8 TOP TEN PATENT OWNERS
           TABLE 9 PATENTS GRANTED TO VENDORS IN CLOUD COMPUTING MARKET
    5.10 TRENDS/DISRUPTIONS IMPACTING BUYERS 
           FIGURE 30 MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
    5.11 REGULATORY LANDSCAPE 
           5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.11.1.1 Regulatory implications and industry standards
                    5.11.1.2 General Data Protection Regulation
                    5.11.1.3 SEC Rule 17a-4
                    5.11.1.4 ISO/IEC 27001
                    5.11.1.5 System and Organization Controls 2 Type II compliance
                    5.11.1.6 Financial Industry Regulatory Authority
                    5.11.1.7 Freedom of Information Act
                    5.11.1.8 Health Insurance Portability and Accountability Act
           5.11.2 REGULATIONS, BY REGION
                    TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRY VERTICALS
                    TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRY VERTICALS
           5.12.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP INDUSTRY VERTICALS
                    TABLE 15 KEY BUYING CRITERIA FOR TOP INDUSTRY VERTICALS
    5.13 KEY CONFERENCES AND EVENTS 
                    TABLE 16 CLOUD COMPUTING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2023–2024
    5.14 BUSINESS MODEL ANALYSIS 
                    FIGURE 33 BUSINESS MODEL: MARKET
           5.14.1 PAY-AS-YOU-GO
           5.14.2 SUBSCRIPTION MODEL
           5.14.3 FREEMIUM
           5.14.4 CUSTOM PRICING AGREEMENT
 
6 CLOUD COMPUTING MARKET, BY SERVICE MODEL (Page No. - 98)
    6.1 INTRODUCTION 
           FIGURE 34 SAAS SEGMENT TO ACCOUNT FOR LARGEST SIZE DURING FORECAST PERIOD
           6.1.1 SERVICE MODEL: MARKET DRIVERS
                    TABLE 17 MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
                    TABLE 18 MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
    6.2 INFRASTRUCTURE-AS-A-SERVICE (IAAS) 
           6.2.1 HIGH FLEXIBILITY AND SCALABILITY TO ALLOW FOR EASY UPGRADES WITHOUT INCURRING LOSSES
                    FIGURE 35 COMPUTE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 19 IAAS: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 20 IAAS: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 21 MARKET, BY IAAS, 2018–2022 (USD BILLION)
                    TABLE 22 MARKET, BY IAAS, 2023–2028 (USD BILLION)
                    6.2.1.1 Primary storage
                               6.2.1.1.1 Primary storage to eliminate need for purchasing and managing data storage infrastructure
                               TABLE 23 PRIMARY STORAGE: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 24 PRIMARY STORAGE: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.2.1.2 Disaster recovery & backup
                               6.2.1.2.1 Backup & disaster recovery applications providing protection for enterprise application data during disasters and assistance in speedy recovery process
                               TABLE 25 DISASTER RECOVERY & BACKUP: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 26 DISASTER RECOVERY & BACKUP: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.2.1.3 Archiving
                               6.2.1.3.1 Data archiving systems to reduce primary storage and associated costs
                               TABLE 27 ARCHIVING: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 28 ARCHIVING: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.2.1.4 Compute
                               6.2.1.4.1 Compute-intensive applications to offer affordability, scalability, integration, and load balancing
                               TABLE 29 COMPUTE: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 30 COMPUTE: MARKET, BY REGION, 2023–2028 (USD BILLION)
    6.3 PLATFORM-AS-A-SERVICE (PAAS) 
           6.3.1 PAAS ENABLING QUICK CREATION OF NEW SOFTWARE BY PROVIDING COMPUTATION AND STORAGE INFRASTRUCTURES
                    FIGURE 36 DATA MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 31 PAAS: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 32 PAAS: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 33 MARKET, BY PAAS, 2018–2022 (USD BILLION)
                    TABLE 34 MARKET, BY PAAS, 2023–2028 (USD BILLION)
                    6.3.1.1 Application development & platforms
                               6.3.1.1.1 Application development to provide cost-efficiency, scalability, and rapid development
                               TABLE 35 APPLICATION DEVELOPMENT & PLATFORMS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 36 APPLICATION DEVELOPMENT & PLATFORMS: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.3.1.2 Application testing & quality
                               6.3.1.2.1 Growing preference for effective testing strategy systems, user interfaces, and APIs
                               TABLE 37 APPLICATION TESTING & QUALITY: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 38 APPLICATION TESTING & QUALITY: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.3.1.3 Analytics & reporting
                               6.3.1.3.1 Analytics and reporting applications to enhance performance and decision-making
                               TABLE 39 ANALYTICS & REPORTING: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 40 ANALYTICS & REPORTING: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.3.1.4 Integration & orchestration
                               6.3.1.4.1 Integration and orchestration to aid automation and synchronization of data in real time
                               TABLE 41 INTEGRATION & ORCHESTRATION: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 42 INTEGRATION & ORCHESTRATION: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.3.1.5 Data management
                               6.3.1.5.1 Data management solutions to ensure visibility, security, reliability, and data scalability
                               TABLE 43 DATA MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 44 DATA MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION)
    6.4 SOFTWARE AS A SERVICE (SAAS) 
           6.4.1 SAAS ENSURING ENHANCED SECURITY AND ELIMINATING NEED FOR HARDWARE EXPENDITURE
                    FIGURE 37 CUSTOMER RELATIONSHIP MANAGEMENT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
                    TABLE 45 SAAS: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 46 SAAS: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    TABLE 47 MARKET, BY SAAS, 2018–2022 (USD BILLION)
                    TABLE 48 MARKET, BY SAAS, 2023–2028 (USD BILLION)
                    6.4.1.1 Customer relationship management
                               6.4.1.1.1 CRM to enable enterprises to store and utilize customer data at scale
                               TABLE 49 CUSTOMER RELATIONSHIP MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 50 CUSTOMER RELATIONSHIP MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.4.1.2 Enterprise resource management
                               6.4.1.2.1 ERP applications used to remove expensive duplications and incompatible technology
                               TABLE 51 ENTERPRISE RESOURCE MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 52 ENTERPRISE RESOURCE MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.4.1.3 Human capital management
                               6.4.1.3.1 Human capital management to help maximize value of human capital via effective management
                               TABLE 53 HUMAN CAPITAL MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 54 HUMAN CAPITAL MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.4.1.4 Content management
                               6.4.1.4.1 Rising preference for information management, responsiveness, and scalability
                               TABLE 55 CONTENT MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 56 CONTENT MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.4.1.5 Collaboration & productivity suites
                               6.4.1.5.1 Sharing of documents and files made easy by deployment of collaboration and productivity suites
                               TABLE 57 COLLABORATION & PRODUCTIVITY SUITES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 58 COLLABORATION & PRODUCTIVITY SUITES: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.4.1.6 Supply chain management
                               6.4.1.6.1 Supply chain management applications enabling online web portals to connect networks of various commercial partners directly
                               TABLE 59 SUPPLY CHAIN MANAGEMENT: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 60 SUPPLY CHAIN MANAGEMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    6.4.1.7 Other SaaS service models
                               TABLE 61 OTHER SAAS SERVICE MODELS: MARKET, BY REGION, 2018–2022 (USD BILLION)
                               TABLE 62 OTHER SAAS SERVICE MODELS: MARKET, BY REGION, 2023–2028 (USD BILLION)
 
7 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL (Page No. - 125)
    7.1 INTRODUCTION 
           FIGURE 38 PUBLIC CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
           7.1.1 DEPLOYMENT MODEL: MARKET DRIVERS
                    TABLE 63 MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                    TABLE 64 MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
    7.2 PUBLIC CLOUD 
           7.2.1 PUBLIC CLOUD TO HELP ORGANIZATIONS MEET THEIR SCALABILITY DEMAND
                    TABLE 65 PUBLIC CLOUD: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 66 PUBLIC CLOUD: MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.3 PRIVATE CLOUD 
           7.3.1 PRIVATE CLOUD TO REDUCE RISKS, SECURITY ISSUES, AND REGULATORY HURDLES ASSOCIATED WITH CLOUD ADOPTION.
                    TABLE 67 PRIVATE CLOUD: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 68 PRIVATE CLOUD: MARKET, BY REGION, 2023–2028 (USD BILLION)
    7.4 HYBRID CLOUD 
           7.4.1 HYBRID CLOUD TO ALLOW MOVING APPLICATIONS AND WORKLOADS BETWEEN PRIVATE AND PUBLIC CLOUDS BASED ON SPECIFIC NEEDS
                    TABLE 69 HYBRID CLOUD: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 70 HYBRID CLOUD: MARKET, BY REGION, 2023–2028 (USD BILLION)
 
8 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE (Page No. - 132)
    8.1 INTRODUCTION 
           FIGURE 39 LARGE ENTERPRISES TO DOMINATE MARKET DURING FORECAST PERIOD
           8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
                    TABLE 71 MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                    TABLE 72 MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
    8.2 LARGE ENTERPRISES 
           8.2.1 INCREASE IN ADOPTION OF CLOUD COMPUTING IN LARGE ENTERPRISES TO IMPROVE PRODUCTIVITY AND EFFICIENCY
                    TABLE 73 LARGE ENTERPRISES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 74 LARGE ENTERPRISES: MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.3 SMALL AND MEDIUM-SIZED ENTERPRISES 
           8.3.1 IMPLEMENTATION OF CLOUD COMPUTING TO REDUCE ADMINISTRATIVE OVERHEAD AND IMPROVED BUSINESS EFFICIENCY FOR SMES
                    TABLE 75 SMES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 76 SMES: MARKET, BY REGION, 2023–2028 (USD BILLION)
 
9 CLOUD COMPUTING MARKET, BY VERTICAL (Page No. - 137)
    9.1 INTRODUCTION 
           FIGURE 40 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
           9.1.1 VERTICALS: MARKET DRIVERS
                    TABLE 77 MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
                    TABLE 78 MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
    9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 
           9.2.1 NEED TO DECREASE EXPENSES, ENCOURAGE INNOVATION, AND INCREASE FLEXIBILITY
           9.2.2 BFSI: APPLICATION AREAS
                    TABLE 79 BFSI: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 80 BFSI: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.2.2.1 Core banking systems
                    9.2.2.2 Online & mobile banking
                    9.2.2.3 Risk management & compliance
                    9.2.2.4 Other BFSI services
    9.3 ENERGY & UTILITIES 
           9.3.1 ADDRESSING ISSUES RELATED TO CRUDE OIL, STORAGE, AND TRANSPORTATION
           9.3.2 ENERGY & UTILITIES: APPLICATION AREAS
                    TABLE 81 ENERGY & UTILITIES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 82 ENERGY & UTILITIES: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.3.2.1 Smart grid management
                    9.3.2.2 Energy monitoring & management
                    9.3.2.3 Renewable energy forecasting
                    9.3.2.4 Other energy & utility services
    9.4 GOVERNMENT & PUBLIC SECTOR 
           9.4.1 NEED FOR GOVERNMENT AGENCIES TO GAIN GREATER VISIBILITY AND FASTER DATA ANALYSIS TO DRIVE MARKET
           9.4.2 GOVERNMENT & PUBLIC SECTOR: APPLICATION AREAS
                    TABLE 83 GOVERNMENT & PUBLIC SECTOR: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 84 GOVERNMENT & PUBLIC SECTOR: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.4.2.1 Government infrastructure migration
                    9.4.2.2 Digital government & e-government services
                    9.4.2.3 Open data & transparency
                    9.4.2.4 Other government & public sector services
    9.5 TELECOMMUNICATIONS 
           9.5.1 DEMAND FOR GREATER NETWORK REACH ACROSS TELECOM PROVIDERS
           9.5.2 TELECOMMUNICATIONS: APPLICATION AREAS
                    TABLE 85 TELECOMMUNICATIONS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 86 TELECOMMUNICATIONS: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.5.2.1 Network function virtualization (NFV)
                    9.5.2.2 Software-defined networking (SDN)
                    9.5.2.3 Edge computing
                    9.5.2.4 Other telecommunication services
    9.6 IT & ITES 
           9.6.1 INVESTMENT IN NEW TECHNOLOGIES TO SPUR INNOVATION AND ATTRACT CONSUMERS
           9.6.2 IT & ITES: APPLICATION AREAS
                    TABLE 87 IT & ITES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 88 IT & ITES: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.6.2.1 DevOps
                    9.6.2.2 Big data & analytics
                    9.6.2.3 IT security & compliance
                    9.6.2.4 Other IT & ITeS services
    9.7 RETAIL & CONSUMER GOODS 
           9.7.1 DEMAND FOR BETTER STORAGE, BACKUP, AND SECURITY SERVICES
           9.7.2 RETAIL & CONSUMER GOODS: APPLICATION AREAS
                    TABLE 89 RETAIL & CONSUMER GOODS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 90 RETAIL & CONSUMER GOODS: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.7.2.1 eCommerce & online marketplaces
                    9.7.2.2 Customer relationship management (CRM)
                    9.7.2.3 Point of sale (PoS) systems
                    9.7.2.4 Other retail & consumer goods services
    9.8 MANUFACTURING 
           9.8.1 SEAMLESS DATA MANAGEMENT AND REAL-TIME VISIBILITY OFFERED BY CLOUD COMPUTING SERVICES
           9.8.2 MANUFACTURING: APPLICATION AREAS
                    TABLE 91 MANUFACTURING: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 92 MANUFACTURING: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.8.2.1 Supply chain management
                    9.8.2.2 Product lifecycle management
                    9.8.2.3 Manufacturing execution systems (MES)
                    9.8.2.4 Other manufacturing services
    9.9 MEDIA & ENTERTAINMENT 
           9.9.1 HYBRID OR MULTI-CLOUD DEPLOYMENTS TO ALLOW WORKLOADS TO BE SHIFTED ACROSS PUBLIC AND PRIVATE INFRASTRUCTURES
           9.9.2 MEDIA & ENTERTAINMENT: APPLICATION AREAS
                    TABLE 93 MEDIA & ENTERTAINMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 94 MEDIA & ENTERTAINMENT: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.9.2.1 Content storage & distribution
                    9.9.2.2 Media streaming
                    9.9.2.3 Content production & post-production
                    9.9.2.4 Other media & entertainment services
    9.10 HEALTHCARE & LIFE SCIENCES 
           9.10.1 INCREASED FOCUS ON MANAGING PATIENTS’ RECORDS
           9.10.2 HEALTHCARE & LIFE SCIENCES: APPLICATION AREAS
                    TABLE 95 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 96 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2023–2028 (USD BILLION)
                    9.10.2.1 Electronic health records (EHRs)
                    9.10.2.2 Telemedicine & remote patient monitoring
                    9.10.2.3 Genomic sequencing & bioinformatics
                    9.10.2.4 Other healthcare & life science services
    9.11 OTHER VERTICALS 
                    TABLE 97 OTHER VERTICALS: MARKET, BY REGION, 2018–2022 (USD BILLION)
                    TABLE 98 OTHER VERTICALS: MARKET, BY REGION, 2023–2028 (USD BILLION)
 
10 CLOUD COMPUTING MARKET, BY REGION (Page No. - 167)
     10.1 INTRODUCTION 
               FIGURE 41 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 99 MARKET, BY REGION, 2018–2022 (USD BILLION)
               TABLE 100 MARKET, BY REGION, 2023–2028 (USD BILLION)
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 42 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 101 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
                       TABLE 102 NORTH AMERICA: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
                       TABLE 103 NORTH AMERICA: MARKET, BY IAAS, 2018–2022 (USD BILLION)
                       TABLE 104 NORTH AMERICA: MARKET, BY IAAS, 2023–2028 (USD BILLION)
                       TABLE 105 NORTH AMERICA: MARKET, BY PAAS, 2018–2022 (USD BILLION)
                       TABLE 106 NORTH AMERICA: MARKET, BY PAAS, 2023–2028 (USD BILLION)
                       TABLE 107 NORTH AMERICA: MARKET, BY SAAS, 2018–2022 (USD BILLION)
                       TABLE 108 NORTH AMERICA: MARKET, BY SAAS, 2023–2028 (USD BILLION)
                       TABLE 109 NORTH AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 110 NORTH AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 111 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 112 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       TABLE 113 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
                       TABLE 114 NORTH AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
                       TABLE 115 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 116 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.2.3 US
                       10.2.3.1 Presence of several cloud computing providers to drive market
                                   TABLE 117 US: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 118 US: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 119 US: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 120 US: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.2.4 CANADA
                       10.2.4.1 Presence of knowledgeable and skilled workforce to boost market
                                   TABLE 121 CANADA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 122 CANADA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 123 CANADA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 124 CANADA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
     10.3 EUROPE 
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 EUROPE: RECESSION IMPACT
                       TABLE 125 EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
                       TABLE 126 EUROPE: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
                       TABLE 127 EUROPE: MARKET, BY IAAS, 2018–2022 (USD BILLION)
                       TABLE 128 EUROPE: MARKET, BY IAAS, 2023–2028 (USD BILLION)
                       TABLE 129 EUROPE: MARKET, BY PAAS, 2018–2022 (USD BILLION)
                       TABLE 130 EUROPE: MARKET, BY PAAS, 2023–2028 (USD BILLION)
                       TABLE 131 EUROPE: MARKET, BY SAAS, 2018–2022 (USD BILLION)
                       TABLE 132 EUROPE: MARKET, BY SAAS, 2023–2028 (USD BILLION)
                       TABLE 133 EUROPE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 134 EUROPE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 135 EUROPE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 136 EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       TABLE 137 EUROPE: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
                       TABLE 138 EUROPE: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
                       TABLE 139 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 140 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.3.3 UK
                       10.3.3.1 Increase in digitalization and rapid surge in mobile devices to accelerate market growth
                                   TABLE 141 UK: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 142 UK: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 143 UK: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 144 UK: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.3.4 GERMANY
                       10.3.4.1 Need for data governance and high levels of security to fuel market growth
                                   TABLE 145 GERMANY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 146 GERMANY: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 147 GERMANY: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 148 GERMANY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.3.5 FRANCE
                       10.3.5.1 Increase in expansion of cloud-based businesses to drive market
                                   TABLE 149 FRANCE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 150 FRANCE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 151 FRANCE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 152 FRANCE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.3.6 SPAIN
                       10.3.6.1 Expansion plans and road maps of "hyper scalars" to drive market
                                   TABLE 153 SPAIN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 154 SPAIN: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 155 SPAIN: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 156 SPAIN: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.3.7 ITALY
                       10.3.7.1 Smart city initiatives and digital transformation to fuel market growth
                                   TABLE 157 ITALY: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 158 ITALY: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 159 ITALY: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 160 ITALY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.3.8 NETHERLANDS
                       10.3.8.1 Increase in focus on international trade and favorable regulations to boost market
                                   TABLE 161 NETHERLANDS: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 162 NETHERLANDS: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 163 NETHERLANDS: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 164 NETHERLANDS: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.3.9 REST OF EUROPE
                                   TABLE 165 REST OF EUROPE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 166 REST OF EUROPE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 167 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 168 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 43 ASIA PACIFIC: REGIONAL SNAPSHOT
                       TABLE 169 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
                       TABLE 170 ASIA PACIFIC: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
                       TABLE 171 ASIA PACIFIC: MARKET, BY IAAS, 2018–2022 (USD BILLION)
                       TABLE 172 ASIA PACIFIC: MARKET, BY IAAS, 2023–2028 (USD BILLION)
                       TABLE 173 ASIA PACIFIC: MARKET, BY PAAS, 2018–2022 (USD BILLION)
                       TABLE 174 ASIA PACIFIC: MARKET, BY PAAS, 2023–2028 (USD BILLION)
                       TABLE 175 ASIA PACIFIC: MARKET, BY SAAS, 2018–2022 (USD BILLION)
                       TABLE 176 ASIA PACIFIC: MARKET, BY SAAS, 2023–2028 (USD BILLION)
                       TABLE 177 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 178 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 179 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 180 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       TABLE 181 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
                       TABLE 182 ASIA PACIFIC: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
                       TABLE 183 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 184 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.4.3 CHINA
                       10.4.3.1 Low costs and enhanced business efficiencies to boost demand for cloud-based technologies
                       TABLE 185 CHINA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 186 CHINA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 187 CHINA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 188 CHINA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.4.4 JAPAN
                       10.4.4.1 High involvement of SMEs in cloud adoption to drive market
                                   TABLE 189 JAPAN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 190 JAPAN: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 191 JAPAN: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 192 JAPAN: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.4.5 AUSTRALIA
                       10.4.5.1 Rapid technological advancements and high degree of R&D to foster market growth
                                   TABLE 193 AUSTRALIA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 194 AUSTRALIA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 195 AUSTRALIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 196 AUSTRALIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.4.6 SINGAPORE
                       10.4.6.1 Balanced approach to protecting personal information and facilitating innovation to accelerate market growth
                                   TABLE 197 SINGAPORE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 198 SINGAPORE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 199 SINGAPORE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 200 SINGAPORE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.4.7 INDIA
                       10.4.7.1 Broad customer base and rapid adoption of new technologies to drive market
                                   TABLE 201 INDIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 202 INDIA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 203 INDIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 204 INDIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.4.8 SOUTH KOREA
                       10.4.8.1 Increasing number of vendors and attractive kick-start packages to accelerate market growth
                                   TABLE 205 SOUTH KOREA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 206 SOUTH KOREA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 207 SOUTH KOREA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 208 SOUTH KOREA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.4.9 REST OF ASIA PACIFIC
                       TABLE 209 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 210 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 211 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 212 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
             10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                       TABLE 213 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
                       TABLE 214 MIDDLE EAST & AFRICA: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
                       TABLE 215 MIDDLE EAST & AFRICA: MARKET, BY IAAS, 2018–2022 (USD BILLION)
                       TABLE 216 MIDDLE EAST & AFRICA: MARKET, BY IAAS, 2023–2028 (USD BILLION)
                       TABLE 217 MIDDLE EAST & AFRICA: MARKET, BY PAAS, 2018–2022 (USD BILLION)
                       TABLE 218 MIDDLE EAST & AFRICA: MARKET, BY PAAS, 2023–2028 (USD BILLION)
                       TABLE 219 MIDDLE EAST & AFRICA: MARKET, BY SAAS, 2018–2022 (USD BILLION)
                       TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY SAAS, 2023–2028 (USD BILLION)
                       TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 222 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 224 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       TABLE 225 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
                       TABLE 226 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
                       TABLE 227 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2018–2022 (USD BILLION)
                       TABLE 228 MIDDLE EAST & AFRICA: MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.5.3 GULF CORPORATION COUNCIL (GCC)
                       10.5.3.1 Quick IT resource deployment, low-cost storage services, and resource monitoring to drive adoption of cloud computing
                                   TABLE 229 GCC: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 230 GCC: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 231 GCC: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 232 GCC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                                   TABLE 233 GCC: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                                   TABLE 234 GCC: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
                       10.5.3.2 Saudi Arabia
                       10.5.3.3 Large mobile workforce and growing economy to drive market
                                   TABLE 235 SAUDI ARABIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 236 SAUDI ARABIA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 237 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 238 SAUDI ARABIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       10.5.3.4 UAE
                                   10.5.3.4.1 Rising digital transformation to propel market
                                   TABLE 239 UAE: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 240 UAE: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 241 UAE: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 242 UAE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       10.5.3.5 Qatar
                                   10.5.3.5.1 Increase in government investments and economic development to accelerate market growth
                                   TABLE 243 QATAR: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 244 QATAR: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 245 QATAR: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 246 QATAR: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       10.5.3.6 Rest of GCC countries
                                   TABLE 247 REST OF GCC COUNTRIES: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 248 REST OF GCC COUNTRIES: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 249 REST OF GCC COUNTRIES: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 250 REST OF GCC COUNTRIES: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.5.4 SOUTH AFRICA
                       10.5.4.1 High adoption of cloud services by startups due to low costs and operational benefits to propel market
                                   TABLE 251 SOUTH AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 252 SOUTH AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 253 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 254 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.5.5 REST OF MIDDLE EAST & AFRICA
                       TABLE 255 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 256 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 257 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 258 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
     10.6 LATIN AMERICA 
             10.6.1 LATIN AMERICA: MARKET DRIVERS
             10.6.2 LATIN AMERICA: RECESSION IMPACT
                       TABLE 259 LATIN AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION)
                       TABLE 260 LATIN AMERICA: MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION)
                       TABLE 261 LATIN AMERICA: MARKET, BY IAAS, 2018–2022 (USD BILLION)
                       TABLE 262 LATIN AMERICA: MARKET, BY IAAS, 2023–2028 (USD BILLION)
                       TABLE 263 LATIN AMERICA: MARKET, BY PAAS, 2018–2022 (USD BILLION)
                       TABLE 264 LATIN AMERICA: MARKET, BY PAAS, 2023–2028 (USD BILLION)
                       TABLE 265 LATIN AMERICA: MARKET, BY SAAS, 2018–2022 (USD BILLION)
                       TABLE 266 LATIN AMERICA: MARKET, BY SAAS, 2023–2028 (USD BILLION)
                       TABLE 267 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 268 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 269 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 270 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
                       TABLE 271 LATIN AMERICA: MARKET, BY VERTICAL, 2018–2022 (USD BILLION)
                       TABLE 272 LATIN AMERICA: MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
                       TABLE 273 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD BILLION)
                       TABLE 274 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             10.6.3 BRAZIL
                       10.6.3.1 Need to modernize infrastructure and greater speed in catering to business demands to boost market
                                   TABLE 275 BRAZIL: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 276 BRAZIL: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 277 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 278 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.6.4 MEXICO
                       10.6.4.1 Need to enhance employee experience and increase organizational productivity to drive market
                                   TABLE 279 MEXICO: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                                   TABLE 280 MEXICO: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                                   TABLE 281 MEXICO: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                                   TABLE 282 MEXICO: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
             10.6.5 REST OF LATIN AMERICA
                       TABLE 283 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION)
                       TABLE 284 LATIN AMERICA: MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION)
                       TABLE 285 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION)
                       TABLE 286 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 247)
     11.1 OVERVIEW 
     11.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN 
               FIGURE 44 OVERVIEW OF STRATEGIES ADOPTED BY KEY CLOUD COMPUTING VENDORS
     11.3 REVENUE ANALYSIS 
               FIGURE 45 HISTORICAL FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF KEY CLOUD COMPUTING PROVIDERS
     11.4 MARKET SHARE ANALYSIS 
               FIGURE 46 MARKET SHARE ANALYSIS, 2022
               TABLE 287 MARKET: DEGREE OF COMPETITION
     11.5 PRODUCT/BRAND COMPARISON 
               TABLE 288 BRANDS COMPARISON/VENDOR PRODUCT LANDSCAPE
     11.6 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 47 CLOUD COMPUTING MARKET: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS
     11.7 COMPANY EVALUATION MATRIX 
               FIGURE 48 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
                       FIGURE 49 COMPANY EVALUATION MATRIX
             11.7.5 COMPANY FOOTPRINT
                       TABLE 289 COMPANY REGION FOOTPRINT
                       TABLE 290 COMPANY SERVICE MODEL FOOTPRINT
                       TABLE 291 COMPANY DEPLOYMENT MODEL FOOTPRINT
                       TABLE 292 COMPANY VERTICAL FOOTPRINT
                       TABLE 293 COMPANY FOOTPRINT
     11.8 STARTUP/SME EVALUATION MATRIX 
               FIGURE 50 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
               FIGURE 51 STARTUP/SME EVALUATION MATRIX
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE VENDORS
             11.8.3 DYNAMIC COMPANIES
             11.8.4 STARTING BLOCKS
             11.8.5 COMPETITIVE BENCHMARKING OF STARTUPS/SMES
                       TABLE 294 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 295 STARTUP/SME FOOTPRINT, BY REGION
                       TABLE 296 STARTUP/SME FOOTPRINT, BY SERVICE
                       TABLE 297 STARTUP/SME FOOTPRINT
     11.9 COMPANY FINANCIAL METRICS 
               FIGURE 52 VALUATION AND FINANCIAL METRICS OF CLOUD COMPUTING VENDORS
     11.10 KEY MARKET DEVELOPMENTS 
               11.10.1 PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
                       TABLE 298 MARKET: PRODUCT LAUNCHES
               11.10.2 DEALS
                       TABLE 299 CLOUD COMPUTING MARKET: DEALS
 
12 COMPANY PROFILES (Page No. - 269)
     12.1 INTRODUCTION 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
     12.2 KEY PLAYERS 
             12.2.1 AWS
                       TABLE 300 AWS: COMPANY OVERVIEW
                       FIGURE 53 AWS: COMPANY SNAPSHOT
                       TABLE 301 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 302 AWS: PRODUCT LAUNCHES
                       TABLE 303 AWS: DEALS
             12.2.2 MICROSOFT
                       TABLE 304 MICROSOFT: COMPANY OVERVIEW
                       FIGURE 54 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 305 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 306 MICROSOFT: PRODUCT LAUNCHES
                       TABLE 307 MICROSOFT: DEALS
             12.2.3 GOOGLE
                       TABLE 308 GOOGLE: COMPANY OVERVIEW
                       FIGURE 55 GOOGLE: COMPANY SNAPSHOT
                       TABLE 309 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 310 GOOGLE: PRODUCT LAUNCHES
                       TABLE 311 GOOGLE: DEALS
             12.2.4 ALIBABA CLOUD
                       TABLE 312 ALIBABA CLOUD: COMPANY OVERVIEW
                       FIGURE 56 ALIBABA CLOUD: COMPANY SNAPSHOT
                       TABLE 313 ALIBABA CLOUD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 314 ALIBABA CLOUD: PRODUCT LAUNCHES
                       TABLE 315 ALIBABA CLOUD: DEALS
             12.2.5 IBM
                       TABLE 316 IBM: COMPANY OVERVIEW
                       FIGURE 57 IBM: COMPANY SNAPSHOT
                       TABLE 317 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 318 IBM: PRODUCT LAUNCHES
                       TABLE 319 IBM: DEALS
             12.2.6 SALESFORCE
                       TABLE 320 SALESFORCE: COMPANY OVERVIEW
                       FIGURE 58 SALESFORCE: COMPANY SNAPSHOT
                       TABLE 321 SALESFORCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 322 SALESFORCE: PRODUCT LAUNCHES
                       TABLE 323 SALESFORCE: DEALS
             12.2.7 ORACLE
                       TABLE 324 ORACLE: COMPANY OVERVIEW
                       FIGURE 59 ORACLE: COMPANY SNAPSHOT
                       TABLE 325 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 326 ORACLE: PRODUCT LAUNCHES
                       TABLE 327 ORACLE: DEALS
             12.2.8 SAP
                       TABLE 328 SAP: COMPANY OVERVIEW
                       FIGURE 60 SAP: COMPANY SNAPSHOT
                       TABLE 329 SAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 330 SAP: PRODUCT LAUNCHES
                       TABLE 331 SAP: DEALS
             12.2.9 ADOBE
                       TABLE 332 ADOBE: COMPANY OVERVIEW
                       FIGURE 61 ADOBE: COMPANY SNAPSHOT
                       TABLE 333 ADOBE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 334 ADOBE: PRODUCT LAUNCHES
                       TABLE 335 ADOBE: DEALS
             12.2.10 TENCENT CLOUD
                       TABLE 336 TENCENT CLOUD: COMPANY OVERVIEW
                       FIGURE 62 TENCENT CLOUD: COMPANY SNAPSHOT
                       TABLE 337 TENCENT CLOUD: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 338 TENCENT CLOUD: PRODUCT LAUNCHES
                       TABLE 339 TENCENT CLOUD: DEALS
     12.3 OTHER PLAYERS 
             12.3.1 WORKDAY
             12.3.2 FUJITSU
             12.3.3 VMWARE
             12.3.4 RACKSPACE
             12.3.5 DXC
             12.3.6 NEC
             12.3.7 JOYENT
             12.3.8 DIGITALOCEAN
             12.3.9 SKYTAP
             12.3.10 OVH
             12.3.11 NAVISITE
             12.3.12 CENTURYLINK
             12.3.13 INFOR
             12.3.14 SAGE
             12.3.15 INTUIT
             12.3.16 OPENTEXT
             12.3.17 CISCO
             12.3.18 BOX
             12.3.19 ZOHO
             12.3.20 CITRIX
             12.3.21 EPICOR
             12.3.22 UPLAND SOFTWARE
             12.3.23 SERVICENOW
             12.3.24 IFS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
     12.4 STARTUPS/SMES 
             12.4.1 APP MAISTERS
             12.4.2 ZYMR
             12.4.3 JDV TECHNOLOGIES
             12.4.4 TUDIP TECHNOLOGIES
             12.4.5 VISARTECH
             12.4.6 CLOUDFLEX
             12.4.7 CLOUDWAYS
             12.4.8 VULTR
             12.4.9 PCLOUD
 
13 ADJACENT AND RELATED MARKETS (Page No. - 336)
     13.1 INTRODUCTION 
             13.1.1 RELATED MARKETS
     13.2 EDGE COMPUTING MARKET 
               TABLE 340 EDGE COMPUTING MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
               TABLE 341 EDGE COMPUTING MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
     13.3 CLOUD APPLICATIONS MARKET 
               TABLE 342 CLOUD APPLICATIONS MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
     13.4 FINANCE CLOUD MARKET 
               TABLE 343 FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION)
               TABLE 344 FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION)
 
14 APPENDIX (Page No. - 339)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size for cloud computing. Exhaustive secondary research helped to collect information on the market, peer, and parent markets. The next step was to validate these assumptions, findings, and sizing with the industry experts across the value chain through primary research. Both bottom-up and top-down approaches were employed to estimate the complete market size. After that, we used market breakup and data triangulation to assess the overall market size of segments and sub-segments.

Secondary Research

We determined the market size of companies offering cloud computing solutions and services based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.

In the secondary research process, we referred to various secondary sources for identifying and collecting information for this study. The secondary sources include press releases, annual reports, & investor presentations, white papers, certified publications, articles from recognized associations, and government publishing sources.

We used secondary research mainly to obtain the critical information related to the industry’s value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to offerings of the major players, industry trends related to service model, verticals, and regions, and the key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related executives from cloud computing vendors, industry associations, and independent consultants; and key opinion leaders.

We conducted primary interviews to gather insights, such as market statistics, the latest trends disrupting the market, new use cases implemented, data on revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various technology trends, service models, end users, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and digital initiatives project teams, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current use, which would affect the overall cloud computing market.

Cloud Computing  Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

We used the top-down and bottom-up approaches to calculate the cloud computing market and subsegments. We finalized the vendors in the market via secondary research and their segment shares in regions/ countries through extensive market research. This procedure included studying major market players’ annual reports and extensive interviews with industry leaders.

  • We identified key players in the market through secondary market analysis and their revenue contributions in respective regions through primary and secondary research.
  • This procedure included studying top market players’ financial reports and interviews for key insights from experts.
  • All percentage breakups were determined using secondary sources and verified through primary inputs.

Primary research has accounted for and verified all possible market parameters affecting the market. MarketsandMarkets consolidated the data with detailed inputs and analysis.

Bottom-Up Approach

In the bottom-up approach, we identified the adoption trend of cloud computing in key countries concerning regions contributing to most of the market share. The adoption trend of cloud computing and different use cases concerning their business segments was identified and extrapolated for cross-validation. Weightage was given to the use cases identified in other areas for the calculation. We prepared an exhaustive list of all vendors offering solutions and services in the cloud computing market. The revenue contribution of all vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. We considered vendors with cloud computing offerings to evaluate the market size.

We determined the geographic split with primary and secondary sources based on these numbers. The procedure included an analysis of the cloud computing market’s region-wise penetration. Various factors considered are – ICT spending and strategic vendor analysis of system integration service providers. Other factors analyzed were the socioeconomic analysis of each country and local and global players’ organic and inorganic business strategies.

With the data triangulation process and data validation via primaries, this study determined and confirmed the exact values of the overall cloud computing market and its segments’ market size.

Cloud Computing  Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Top-Down Approach

The top-down approach prepared a detailed list of vendors offering solutions and services in the cloud computing market. The revenue contribution for all vendors in the market was estimated through annual reports, PRs, investor presentations, funding, paid databases, and expert interviews. We evaluated players based on their offerings. The summation of all companies’ revenues was extrapolated to reach the overall market size. Each subsegment was further studied and analyzed for its global market size and regional penetration. The primary procedure included obtaining critical insights from industry leaders, such as VPs, CEOs, directors, and marketing executives. We derived the cloud computing market from cloud computing subscriptions adopted by different verticals. We triangulated the market numbers with the existing MarketsandMarkets KS repository for validation.

Cloud Computing  Market Top Down Approach

Data Triangulation

A research technique called data triangulation uses two or more methods to confirm findings and outcomes. It is employed to verify the findings’ integrity and ensure that the data support the hypothesis. Data triangulation, used frequently in qualitative research, entails confirming data by those who collected and analyzed it. With the data triangulation process and data validation through primaries, we established the exact values of the overall cloud computing market and its segments’ market size.

Market Definition

Cloud computing is an on-demand delivery of a virtual environment, which includes a pool of resources, such as computing, storage, application, database, and network, through pay-as-you-go pricing service models, which enable enterprises to host their workloads.

Key Stakeholders

  • Cloud Service Providers (CSPs)
  • Networking companies
  • Information Technology (IT) infrastructure providers
  • Consultants/Consultancies/Advisory firms
  • Component providers
  • Telecom service providers
  • System Integrators (SI)
  • Support and maintenance service providers
  • Support service providers
  • Third-party providers
  • Government organizations and standardization bodies
  • Datacenter providers
  • Regional associations
  • Independent hardware and software vendors
  • Value-added resellers and distributors

Report Objectives

  • To define, describe, and forecast the global cloud computing market based on the service model, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), deployment model, organization size, verticals, and region
  • To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the cloud computing market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the cloud computing market
  • To forecast the market size concerning five regions - North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
  • To profile the key players of the cloud computing market and comprehensively analyze their market size and core competencies
  • To track and analyze the competitive developments, such as product enhancements and product launches, acquisitions, and partnerships and collaborations, in the cloud computing market globally

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company’s requirements. The following customization options are available for the report:

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of five additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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