Cloud Computing Market by Service and Geography - Forecast and Analysis 2021-2025
- Published: Apr 2021
- Pages: 140
- SKU: IRTNTR70507
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The cloud computing market share is expected to increase by USD 287.03 billion from 2020 to 2025, at a CAGR of 17%.
This cloud computing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cloud computing market segmentations by service (SaaS, IaaS, and PaaS) and geography (North America, Europe, APAC, South America, and MEA). The cloud computing market report also offers information on several market vendors, including Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE among others.
What will the Cloud Computing Market Size be During the Forecast Period?
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Cloud Computing Market: Key Drivers, Trends, and Challenges
The increased inclination towards cloud computing for cost-cutting is notably driving the cloud computing market growth, although factors such as system integration issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud computing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cloud Computing Market Driver
The increased inclination towards cloud computing for cost-cutting is one of the key drivers supporting the cloud computing market growth. SMEs have started to opt for public solutions as they help enterprises scale up or down the hardware and resources as and when required. Moreover, setting up data centers requires high CAPEX and OPEX. Organizations incur high CAPEX to purchase and maintain the required hardware, software, OS, and servers to establish their data center. The public cloud solution is particularly beneficial for customers that may be needing additional resources for a limited period only. However, for daily operational tasks, organizations would need dedicated resources for carrying out their tasks smoothly. Running dedicated hardware is more cost-effective for an organization, especially to meet its sustained compute or storage needs. Therefore, a few organizations opt for private or hybrid cloud services, which can be customized as per the business needs. Such increasing needs will drive market growth during the forecast period.
Key Cloud Computing Market Trend
The increased inclination for private cloud for enhanced data security is another factor supporting the cloud computing market growth. The increasing use of private clouds is encouraging various vendors to start offering private cloud solutions to government agencies. For instance, Microsoft offers Azure Government, which provides government-cloud computing services with security and protection to US government agencies and their partners. This offering leverages the capabilities of the hyper-scale cloud and focuses on threat detection using machine learning. Azure Government, thus, enables US government agencies to move their data between devices and their data centers. Besides, various organizations are forming partnerships to launch new products or expand their presence. Owing to these factors, the global private cloud services market will grow during the forecast period.
Key Cloud Computing Market Challenge
System integration issues is one of the factors hindering the cloud computing market growth. Various enterprises are adopting cloud computing services, such as IaaS, PaaS, and SaaS solutions, as they are cost-effective and an alternative to traditional IT deployments. These solutions eliminate the need for enterprises to design, purchase, and build their own IT infrastructure or employ dedicated IT teams to maintain the infrastructure. However, there are challenges when implementing cloud services at an enterprise scale to ensure smooth integration of the new systems with the enterprises existing infrastructure. For instance, data is stored in different formats in different organizations. They are usually stored in systems or on-premise infrastructure. Sometimes, it is a complicated task to migrate in-house data from on-premise infrastructure to cloud-based software programs as they can be stored in different formats, which causes cloud interoperability issues. Hence, the issues associated with system integration are hindering the growth of the global cloud computing market.
This cloud computing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the cloud computing market as a part of the global internet services and infrastructure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud computing market during the forecast period.
Who are the Major Cloud Computing Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Adobe Inc.
- Alibaba Group Holding Ltd.
- Alphabet Inc.
- Amazon.com Inc.
- Hewlett Packard Enterprise Development LP
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- Salesforce.com Inc.
- SAP SE
This statistical study of the cloud computing market encompasses successful business strategies deployed by the key vendors. The cloud computing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Alphabet Inc. - The company offers an integrated cloud suite with photos, offices, and others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cloud computing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Cloud Computing Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the cloud computing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Cloud Computing Market?
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40% of the market's growth will originate from North America during the forecast period. The US is the key market for cloud computing market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The increased demand for SaaS and IaaS services will facilitate the cloud computing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Service Segments in the Cloud Computing Market?
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The cloud computing market share growth by the SaaS segment will be significant during the forecast period. SaaS makes it easy to mobilize the workforce of enterprises because users can access SaaS applications and data from any internet-connected computer or mobile device. Users do not have to develop applications for different types of computers and devices as service providers offer software via the internet. Such easy accessibility will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud computing market size and actionable market insights on post COVID-19 impact on each segment.
Cloud Computing Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 17%
Market growth 2021-2025
$ 287.03 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 40%
Key consumer countries
US, China, UK, Germany, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Cloud Computing Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive cloud computing market growth during the next five years
- Precise estimation of the cloud computing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the cloud computing industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cloud computing market vendors
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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market characteristics
Exhibit 02: Market Characteristics
2.3 Value chain analysis
Exhibit 03: Value chain analysis - Internet services and infrastructure
2.2.2 Engineering phase
2.3.5 Marketing and sales
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
3.5 Impact of COVID-19 on market and recovery from pandemic
4. Five Forces Analysis
4.1 Five Forces Analysis
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. Market Segmentation by Application by Service
5.1 Market segments
The segments covered in this chapter are:
Exhibit 15: Service - Market share 2020-2025 (%)
5.2 Comparison by Service
Exhibit 16: Comparison by Service
5.3 SaaS - Market size and forecast 2020-2025
Exhibit 17: SaaS - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: SaaS - Year-over-year growth 2020-2025 (%)
5.4 IaaS - Market size and forecast 2020-2025
Exhibit 19: IaaS - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: IaaS - Year-over-year growth 2020-2025 (%)
5.5 PaaS - Market size and forecast 2020-2025
Exhibit 21: PaaS - Market size and forecast 2020-2025 ($ billion)
Exhibit 22: PaaS - Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Service
Exhibit 23: Market opportunity by Service
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers of price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rates and Key purchase criteria
Exhibit 24: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
??The regions covered in the report are:
- North America
- South America
In 2020, North America dominated the global cloud computing market, followed by markets in Europe, APAC, South America and MEA.
Exhibit 25: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 26: Geographic comparison
7.3 North America - Market size and forecast 2020-2025
Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
7.5 APAC - Market size and forecast 2020-2025
Exhibit 31: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-202
Exhibit 35: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 37: Key leading countries
7.9 Market opportunity by geography
Exhibit 38: Market opportunity by geography
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increased inclination towards cloud computing for cost-cutting
8.1.2 Rise in adoption of cloud among SMEs
8.1.3 Control over data backup and recovery
8.2 Market challenges
8.2.1 System integration issues
8.2.2 Network connectivity issues and latency
8.2.3 Vendor lock-in and operational complexities
Exhibit 39: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increased inclination for private cloud for enhanced data security
8.3.2 Strategic partnerships and collaborations between market participants
8.3.3 Increase in cloud orchestration and cloud management software
9. Vendor Landscape
9.1 Vendor landscape
Exhibit 40: Vendor landscape
9.2 Landscape disruption
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
Exhibit 42: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 43: Vendors covered
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
10.3 Adobe Inc.
Exhibit 45: Adobe Inc. - Overview
Exhibit 46: Adobe Inc. - Business segments
Exhibit 47: Adobe Inc. - Key news
Exhibit 48: Adobe Inc. - Key offerings
Exhibit 49: Adobe Inc. - Segment focus
10.4 Alibaba Group Holding Ltd.
Exhibit 50: Alibaba Group Holding Ltd. - Overview
Exhibit 51: Alibaba Group Holding Ltd. - Business segments
Exhibit 52: Alibaba Group Holding Ltd. - Key news
Exhibit 53: Alibaba Group Holding Ltd. - Key offerings
Exhibit 54: Alibaba Group Holding Ltd. - Segment focus
10.5 Alphabet Inc.
Exhibit 55: Alphabet Inc. - Overview
Exhibit 56: Alphabet Inc. - Business segments
Exhibit 57: Alphabet Inc. - Key offerings
Exhibit 58: Alphabet Inc. - Segment focus
10.6 Amazon.com Inc.
Exhibit 59: Amazon.com Inc. - Overview
Exhibit 60: Amazon.com Inc. - Business segments
Exhibit 61: Amazon.com Inc. - Key offerings
Exhibit 62: Amazon.com Inc. - Segment focus
10.7 Hewlett Packard Enterprise Development LP
Exhibit 63: Hewlett Packard Enterprise Development LP - Overview
Exhibit 64: Hewlett Packard Enterprise Development LP - Business segments
Exhibit 65: Hewlett Packard Enterprise Development LP - Key news
Exhibit 66: Hewlett Packard Enterprise Development LP - Key offerings
Exhibit 67: Hewlett Packard Enterprise Development LP - Segment focus
10.8 International Business Machines Corp.
Exhibit 68: International Business Machines Corp. - Overview
Exhibit 69: International Business Machines Corp. - Business segments
Exhibit 70: International Business Machines Corp. - Key news
Exhibit 71: International Business Machines Corp. - Key offerings
Exhibit 72: International Business Machines Corp. - Segment focus
10.9 Microsoft Corp.
Exhibit 73: Microsoft Corp. - Overview
Exhibit 74: Microsoft Corp. - Business segments
Exhibit 75: Microsoft Corp. - Key offerings
Exhibit 76: Microsoft Corp. - Segment focus
10.10 Oracle Corp.
Exhibit 77: Oracle Corp. - Overview
Exhibit 78: Oracle Corp. - Business segments
Exhibit 79: Oracle Corp. - Key news
Exhibit 80: Oracle Corp. - Key offerings
Exhibit 81: Oracle Corp. - Segment focus
10.11 Salesforce.com Inc.
Exhibit 82: Salesforce.com Inc. - Overview
Exhibit 83: Salesforce.com Inc. - Business segments
Exhibit 84: Salesforce.com Inc. - Key offerings
10.12 SAP SE
Exhibit 85: SAP SE - Overview
Exhibit 86: SAP SE - Business segments
Exhibit 87: SAP SE - Key news
Exhibit 88: SAP SE - Key offerings
Exhibit 89: SAP SE - Segment focus
11.1 Scope of the report
11.1.1 Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 90: Currency conversion rates for US$
11.3 Research methodology
Exhibit 91: Research Methodology
Exhibit 92: Validation techniques employed for market sizing
Exhibit 93: Information sources
11.4 List of abbreviations
Exhibit 94: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increased inclination towards cloud computing for cost-cutting
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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