This research study on the cloud computing market involved extensive secondary sources, directories, IEEE Communication-Efficient: Algorithms and Systems, International Journal of Innovation and Technology Management, and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred cloud service providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information and assess the market’s prospects.
Secondary Research
In the secondary research process, various sources were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors' websites. Additionally, the cloud computing spending of various countries was extracted from the respective sources.
Primary Research
In the primary research process, various primary sources from both 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, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and directors specializing in business development, marketing, and cloud service providers. It also included key executives from cloud computing solution vendors, system integrators (SIs), professional service providers, industry associations, and other key opinion leaders.
Note: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between
USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Other designations include sales managers, marketing managers, and product managers.
Source: Industry Experts
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Multiple approaches were adopted to estimate and forecast the cloud computing market. The first approach involved estimating the market size by companies’ revenue generated through the sale of cloud computing services.
Market Size Estimation Methodology- Top-down approach
In the top-down approach, an exhaustive list of all the vendors offering products in the cloud computing market was prepared. The revenue contribution of the market vendors was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor's offerings were evaluated based on platform, degree of customization, type, application, end user, and region. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CIOs, CEOs, VPs, directors, and marketing executives. The market numbers were further triangulated with the existing MarketsandMarkets’ repository for validation.
Market Size Estimation Methodology-Bottom-up approach
In the bottom-up approach, the adoption rate of cloud computing services among different verticals in key countries with respect to their regions contributing the most to the market share was identified. For cross-validation, the adoption of cloud computing services among enterprises, along with different use cases with respect to their regions, was identified and extrapolated. Weightage was given to use cases identified in different regions for the market size calculation.
Based on market numbers, the regional split was determined by primary and secondary sources. The procedure included an analysis of the cloud computing market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major cloud computing providers, and organic and inorganic business development activities of regional and global players were estimated.
Cloud Computing Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Market Definition
The cloud computing market involves delivering computing services such as servers, storage, databases, networking, software, and analytics over the internet, enabling organizations to access and manage data and applications remotely. It includes public, private, and hybrid cloud deployment models and supports various service models such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud computing helps businesses reduce capital expenditure, improve scalability, enhance collaboration, and accelerate innovation. It plays a vital role in digital transformation, supporting emerging technologies such as AI, IoT, big data, and machine learning across industries.
Stakeholders
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Cloud Service Providers (CSPs)
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Networking companies
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Information Technology (IT) infrastructure providers
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Consultants/Consultancies/Advisory firms
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Component providers
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Telecom service providers
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System Integrators (SIs)
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Support and maintenance service providers
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Support service providers
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Third-party providers
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Government organizations and standardization bodies
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Datacenter providers
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Regional associations
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Independent hardware and software vendors
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Value-added resellers and distributors
Report Objectives
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To define, describe, and forecast the global cloud computing market based on service model, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), deployment model, organization size, vertical, and region
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To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the cloud computing market
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To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the cloud computing market
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To forecast the market size with respect to five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
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To analyze the subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
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To profile the key players of the cloud computing market and comprehensively analyze their market size and core competencies
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To track and analyze the competitive developments, such as product enhancements and product launches, acquisitions, and partnerships & collaborations, in the cloud computing market globally
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
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The product matrix provides a detailed comparison of the product portfolio of each company.
Geographic Analysis as per Feasibility
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Further breakup of the North American cloud computing market
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Further breakup of the European market
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Further breakup of the Asia Pacific market
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Further breakup of the Middle East & African market
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Further breakup of the Latin American cloud computing market
Company Information
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Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Cloud Computing Market