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Cloud Computing Market by Deployment, Service and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 179
  • SKU: IRTNTR70507
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The cloud computing market is estimated to grow at a CAGR of 17.32% between 2022 and 2027. The size of the market is forecast to increase by USD 429.6 billion. The growth of the market depends on serval factors, including the increased inclination toward cloud computing for cost-cutting, the rise in adoption of cloud among SMEs, and the increased use of containers that will boost cloud adoption.

This report extensively covers market segmentation by deployment (public cloud and private cloud), service (SaaS, IaaS, and PaaS), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Cloud Computing Market During the Forecast Period?

Cloud Computing Market Size

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Parent Market Analysis

Technavio categorizes the global cloud computing market as a part of the global Internet services and infrastructure market within the global IT services market. The super parent global IT services market covers companies offering IT consulting and system integration services, application services, electronic data processing services, business process outsourcing services, infrastructure services, and Internet services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Cloud Computing Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increased use of containers will boost cloud adoption and will notably drive market growth, although factors such as vendor lock-in and operational complexities may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Cloud Computing Market Driver

The increased use of containers will boost cloud adoption and will notably drive the cloud computing market growth. With the emergence of multiple platforms and OSes, organizations are looking for consistency in the application development environments. Containers and microservices are emerging as an alternative solution to virtual machines (VMs) that consume higher resources. Containers have their dedicated CPUs and memory, such as VMs, but they share the kernel of the OS. As a result, containers do not need a guest OS or a hypervisor, which makes them lighter than VMs. Several organizations face issues when moving applications among environments. Containers package the applications and all the OS dependencies in a single package. This enables easy movement of applications among cloud platforms and makes the container and microservices architecture a viable solution for the cloud environment. Containers provide an increased level of visibility toward application performance. They also provide agility and cost benefits that are otherwise difficult to achieve with virtualization technologies as they consume higher system resources. 

Container and microservice architecture allow rapid scaling across different environments. The scalability of their IT infrastructure is critical as organizations are looking to expand their business. The container and microservices architecture aid in scaling effectively and efficiently. Docker is among the most popular container technologies that organizations are leveraging. It offers similar functionalities as VMs without affecting host resources. However, Docker lacks uniform support across different cloud platforms. As a result, several organizations are opting to deploy Kubernetes. Google Kubernetes Engine (GKE) and RedHat Inc.'s OpenShift are also gaining traction in the market. The above-mentioned factors will spur the market's growth during the forecast period.

Significant Cloud Computing Market Trend

An increase in cloud orchestration and cloud management software is a major trend in the cloud computing market. The adoption of hybrid cloud solutions has increased in recent years as it offers agility. However, managing a hybrid cloud can be a challenge as there are different management tools for on-premises infrastructure and for managing the public cloud. The rise in hybrid cloud deployments has resulted in a subsequent increase in cloud orchestration software. 

Cloud orchestration refers to the use of programming techniques to manage interconnections between the different public and private cloud computing environments. Cloud orchestration is used to provision and deploy equipment, manage networking, and create VMs, among other functions. The cloud orchestration software can work across multiple environments and in different geographical environments with different service providers. This makes cloud orchestration software an ideal solution for hybrid cloud deployments. 

Cloud orchestration also helps in bringing multiple tasks, such as scaling and failure recovery, into a single process, and this reduces manual efforts significantly. Besides reducing manual workload, it decreases the likelihood of errors that can occur during provisioning, scaling or other processes. Cloud orchestration software also provides higher visibility into the utilization of hybrid cloud resources. Several more organizations are expected to utilize cloud orchestration software for the single pane of glass management capabilities that they bring. The above-mentioned factors will spur the market's growth during the forecast period.

Major Cloud Computing Market Challenge

The vendor lock-in and operational complexities are major challenges impeding the cloud computing market growth. Vendor lock-in, also known as customer lock-in or proprietary lock-in, is where a customer using a product or service cannot easily transition to another vendor's product or service. This makes a customer dependent on a vendor for products and services, due to which the enterprise/customer cannot use the technology, solution, or service developed by other vendors. Therefore, it may be difficult to switch to public cloud service providers after all the data has been stored in the private cloud platform. It also becomes more difficult to switch among different private cloud vendors because an application is built using a specific platform and set of tools. Each vendor may not support the same languages, libraries, APIs, architecture, or OS used to build and run applications or store information. 

Although it is possible to switch between private cloud providers, the process can be time-consuming, labor-intensive, and expensive. Switching between vendors may even result in rebuilding or altering an application to fit the new platform. However, at the time of filing its S1, its infrastructure was directly tied to Google Cloud, which prevented the company from making this transition and led to additional costs and excess resource allocation. Thus, vendor lock-in can pose a challenge for the global private cloud services market during the forecast period.

Key Cloud Computing Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Cloud Computing Market Share by Geography

Global Cloud Computing Market Customer Landscape

Who are the Major Cloud Computing Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alibaba Group Holding Ltd. - The company operates under multiple segments including core commerce, and cloud computing among others with a high focus on core commerce.? The company under this segment?offers retail and wholesale commerce in China and internationally. The company's key offerings include?a multi-model cloud-native database and distributed cloud services.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Adobe Inc.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Cisco Systems Inc.
  • Citrix Systems Inc.
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Co.
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corp.
  • NetApp Inc.
  • Nutanix Inc.
  • Oracle Corp.
  • Rackspace Technology Inc.
  • Red Hat Inc.
  • Salesforce.com Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Cloud Computing Market?

The market share growth by the public cloud segment will be significant during the forecast period. In 2022, the public cloud segment has dominated the global cloud computing market in the financial services industry, primarily due to increasing globalization and the growth of the IT and BFSI sectors.

Cloud Computing Market Size

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The public cloud segment shows a gradual increase in the market share of USD 133.45 billion in 2017 and continued to grow until 2021The demand for public cloud services in the financial services industry is rising due to an increase in the number of SMEs in developing economies such as China, India, and Mexico, which demand solutions for business-related insights. Financial service providers share information across networks almost every millisecond and rely heavily on IT infrastructure for optimal uptime, security, connectivity, and data integrity. With the increase in complexities in the financial services industry, financial service companies must compete with one another. Vendors in the public cloud segment in the financial services industry are providing cloud infrastructure to organizations in various end-user industries, which helps them conduct data collection and data analysis to generate meaningful insights into the business. In this type of cloud service, the threat of online cyberattacks is high as the data stored in public cloud systems is exposed to online cyberattacks, such as denial-of-service (DoS) attacks. However, leading vendors in the market are investing in the development of advanced IT security features to make cloud computing services highly secure. Such factors are expected to hinder the adoption of the public cloud segment of the cloud computing market during the forecast period.

Which are the Key Regions for the Cloud Computing Market?

Cloud Computing Market Share by Geography

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North America is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In 2022, North America was the largest regional segment of the global cloud computing market. Buyers of cloud computing services are enterprises from various end-user industries such as government, IT, BFSI, retail, and others. Organizations are increasingly adopting cloud solutions as they are cost-effective, scalable, and require minimal management. The majority of the established cloud service providers, such as AWS, Google, and others, are headquartered in the US and are investing in the region to strengthen their cloud offerings. 

One of the major reasons for the growth of the regional market is the increased demand for SaaS and IaaS services. Organizations are investing in upgrading their IT systems to implement advanced enterprise applications and streamline their processes. The flexibility of SaaS solutions makes them suitable for temporary workloads and workloads that are experimental in nature or prone to change unexpectedly. The use of SaaS is increasing in several industries; therefore, several start-ups are coming up with new SaaS offerings to serve different industries in North America 

The growing investments and developments in communication network infrastructure, such as the development and deployment of 4G/5G networks in the region, will likely increase investments in cloud infrastructure. The network has been launched in the US cities of Sacramento, Houston, Indianapolis, and Los Angeles. The investment in telecommunication network infrastructure in the region is driven by an increase in data traffic, which is owing to the rising adoption of IoT devices and the advent of big data analytics. The demand for data centers in North America can be attributed to the exponential growth in data traffic from enterprises and individual consumers. The development of communication network infrastructure is attracting investments in cloud-based data centers in North America. Thus, the use of IaaS is increasing. 

PaaS adoption is driven by the ease of virtualization, dynamic scaling, and automation of administrative tasks. Owing to these benefits, organizations do not need to purchase hardware themselves or employ the expertise to manage it. Moreover, PaaS is offered as the pay-as-go model, which is flexible, as customers can pay on a per-hour/week/month basis. Owing to these benefits, many government organizations have started to adopt PaaS. Thus, the increased use of cloud services such as SaaS, PaaS, and IaaS in North America will drive the regional cloud computing market during the forecast period. 

In 2020, the outbreak of COVID-19 positively impacted the growth of the market. This was because of the adoption of cloud computing solutions by various governments in this region to protect the data on the cloud. This compelled governments to collaborate with the vendors of cloud security solutions to avail of their cloud computing services. Hence, the cloud computing market in this region grew in 2020, and the trend is expected to continue during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Deployment (Public cloud and Private cloud), Service (SaaS, IaaS, and PaaS), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).

  • Deployment Outlook (USD Billion, 2017 - 2027)
    • Public cloud
    • Private cloud
  • Service Outlook (USD Billion, 2017 - 2027)
    • SaaS
    • IaaS
    • PaaS
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Cloud Computing Market Scope

Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 17.32%

Market growth 2023-2027

USD 429.6 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

12.0

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 50%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Rackspace Technology Inc., Red Hat Inc., Salesforce.com Inc., Tata Consultancy Services Ltd., Microsoft Corp., SAP SE, and VMware Inc.

Market dynamics

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 the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cloud Computing Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the cloud computing market  between 2023 and 2027
  • Precise estimation of the cloud computing market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of cloud computing market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global cloud computing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global cloud computing market 2017 - 2021 ($ billion)
    • 4.2 Deployment Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ billion)
    • 4.3 Service Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Service Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Deployment

    • 6.1 Market segments
      • Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
    • 6.2 Comparison by Deployment
      • Exhibit 32: Chart on Comparison by Deployment
      • Exhibit 33: Data Table on Comparison by Deployment
    • 6.3 Public cloud - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Public cloud - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Public cloud - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Public cloud - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Public cloud - Year-over-year growth 2022-2027 (%)
    • 6.4 Private cloud - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Private cloud - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Private cloud - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Private cloud - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Private cloud - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Deployment
      • Exhibit 42: Market opportunity by Deployment ($ billion)

    7 Market Segmentation by Service

    • 7.1 Market segments
      • Exhibit 43: Chart on Service - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Service - Market share 2022-2027 (%)
    • 7.2 Comparison by Service
      • Exhibit 45: Chart on Comparison by Service
      • Exhibit 46: Data Table on Comparison by Service
    • 7.3 SaaS - Market size and forecast 2022-2027
      • Exhibit 47: Chart on SaaS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on SaaS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on SaaS - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on SaaS - Year-over-year growth 2022-2027 (%)
    • 7.4 IaaS - Market size and forecast 2022-2027
      • Exhibit 51: Chart on IaaS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on IaaS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on IaaS - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on IaaS - Year-over-year growth 2022-2027 (%)
    • 7.5 PaaS - Market size and forecast 2022-2027
      • Exhibit 55: Chart on PaaS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on PaaS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on PaaS - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on PaaS - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Service
      • Exhibit 59: Market opportunity by Service ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Canada - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Adobe Inc.
              • Exhibit 112: Adobe Inc. - Overview
              • Exhibit 113: Adobe Inc. - Business segments
              • Exhibit 114: Adobe Inc. - Key news
              • Exhibit 115: Adobe Inc. - Key offerings
              • Exhibit 116: Adobe Inc. - Segment focus
            • 12.4 Alibaba Group Holding Ltd.
              • Exhibit 117: Alibaba Group Holding Ltd. - Overview
              • Exhibit 118: Alibaba Group Holding Ltd. - Business segments
              • Exhibit 119: Alibaba Group Holding Ltd. - Key offerings
              • Exhibit 120: Alibaba Group Holding Ltd. - Segment focus
            • 12.5 Alphabet Inc.
              • Exhibit 121: Alphabet Inc. - Overview
              • Exhibit 122: Alphabet Inc. - Business segments
              • Exhibit 123: Alphabet Inc. - Key news
              • Exhibit 124: Alphabet Inc. - Key offerings
              • Exhibit 125: Alphabet Inc. - Segment focus
            • 12.6 Amazon.com Inc.
              • Exhibit 126: Amazon.com Inc. - Overview
              • Exhibit 127: Amazon.com Inc. - Business segments
              • Exhibit 128: Amazon.com Inc. - Key news
              • Exhibit 129: Amazon.com Inc. - Key offerings
              • Exhibit 130: Amazon.com Inc. - Segment focus
            • 12.7 Cisco Systems Inc.
              • Exhibit 131: Cisco Systems Inc. - Overview
              • Exhibit 132: Cisco Systems Inc. - Business segments
              • Exhibit 133: Cisco Systems Inc. - Key news
              • Exhibit 134: Cisco Systems Inc. - Key offerings
              • Exhibit 135: Cisco Systems Inc. - Segment focus
            • 12.8 Citrix Systems Inc.
              • Exhibit 136: Citrix Systems Inc. - Overview
              • Exhibit 137: Citrix Systems Inc. - Product / Service
              • Exhibit 138: Citrix Systems Inc. - Key news
              • Exhibit 139: Citrix Systems Inc. - Key offerings
            • 12.9 Dell Technologies Inc.
              • Exhibit 140: Dell Technologies Inc. - Overview
              • Exhibit 141: Dell Technologies Inc. - Business segments
              • Exhibit 142: Dell Technologies Inc. - Key news
              • Exhibit 143: Dell Technologies Inc. - Key offerings
              • Exhibit 144: Dell Technologies Inc. - Segment focus
            • 12.10 Hewlett Packard Enterprise Co.
              • Exhibit 145: Hewlett Packard Enterprise Co. - Overview
              • Exhibit 146: Hewlett Packard Enterprise Co. - Business segments
              • Exhibit 147: Hewlett Packard Enterprise Co. - Key news
              • Exhibit 148: Hewlett Packard Enterprise Co. - Key offerings
              • Exhibit 149: Hewlett Packard Enterprise Co. - Segment focus
            • 12.11 Huawei Technologies Co. Ltd.
              • Exhibit 150: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 151: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 152: Huawei Technologies Co. Ltd. - Key news
              • Exhibit 153: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 154: Huawei Technologies Co. Ltd. - Segment focus
            • 12.12 International Business Machines Corp.
              • Exhibit 155: International Business Machines Corp. - Overview
              • Exhibit 156: International Business Machines Corp. - Business segments
              • Exhibit 157: International Business Machines Corp. - Key news
              • Exhibit 158: International Business Machines Corp. - Key offerings
              • Exhibit 159: International Business Machines Corp. - Segment focus
            • 12.13 Microsoft Corp.
              • Exhibit 160: Microsoft Corp. - Overview
              • Exhibit 161: Microsoft Corp. - Business segments
              • Exhibit 162: Microsoft Corp. - Key news
              • Exhibit 163: Microsoft Corp. - Key offerings
              • Exhibit 164: Microsoft Corp. - Segment focus
            • 12.14 NetApp Inc.
              • Exhibit 165: NetApp Inc. - Overview
              • Exhibit 166: NetApp Inc. - Business segments
              • Exhibit 167: NetApp Inc. - Key news
              • Exhibit 168: NetApp Inc. - Key offerings
              • Exhibit 169: NetApp Inc. - Segment focus
            • 12.15 Nutanix Inc.
              • Exhibit 170: Nutanix Inc. - Overview
              • Exhibit 171: Nutanix Inc. - Product / Service
              • Exhibit 172: Nutanix Inc. - Key offerings
            • 12.16 Oracle Corp.
              • Exhibit 173: Oracle Corp. - Overview
              • Exhibit 174: Oracle Corp. - Business segments
              • Exhibit 175: Oracle Corp. - Key news
              • Exhibit 176: Oracle Corp. - Key offerings
              • Exhibit 177: Oracle Corp. - Segment focus
            • 12.17 Rackspace Technology Inc.
              • Exhibit 178: Rackspace Technology Inc. - Overview
              • Exhibit 179: Rackspace Technology Inc. - Product / Service
              • Exhibit 180: Rackspace Technology Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviations

              Research Framework

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Cloud Computing market growth will increase by $429.6 billion during 2023-2027.
              The cloud computing market is expected to grow at a CAGR of 17.32% during 2023-2027.
              Technavio has segmented the cloud computing market by deployment (Public cloud, Private cloud, and PaaS) ,service (SaaS, IaaS, PaaS, South America, and MEA) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
              Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Rackspace Technology Inc., Red Hat Inc., Salesforce.com Inc., Tata Consultancy Services Ltd., Microsoft Corp., SAP SE, VMware Inc. are a few of the key vendors in the cloud computing market.
              North America will register the highest growth rate of 50.28% among the other regions. Therefore, the cloud computing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the cloud computing market growth are:
              • Increased inclination toward cloud computing for cost-cutting
              • Increased inclination for private cloud for enhanced data security
              The cloud computing market vendors should focus on grabbing business opportunities from the public cloud segment as it accounted for the largest market share in the base year.
              • 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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