Cloud Computing Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70507

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The cloud computing market has the potential to grow by USD 287.03 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 17.21%.

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 market segmentation 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 in 2021?

Cloud-Computing-Market-Market-Size-2020-2025

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Cloud Computing Market: Key Drivers and Trends

The increased inclination toward cloud computing for cost-cutting is notably driving the cloud computing market growth, although factors such as system integration issues may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the cloud computing market industry get your FREE report sample now.

 

  • SMEs have started opting for public solutions to scale up or scale down the hardware and resources.
  • Apart from CAPEX reduction, cloud computing solutions can facilitate faster storage, processing, and communication lines.
  • Clouds also enable the deployment of applications without the need for provisioning hosting capabilities.
  • Cloud services provide security, facilitate optimum use of resources, and provide reliability of a normal dedicated server and cloud resources.
  • The above-mentioned factors are increasing revenue generation for vendors, contributing to the growth of cloud computing market size.
  • The increased inclination toward cloud computing for cost cutting is one of the significant factors driving market growth.
  • The rise in edge computing and the shift toward serverless computing is one of the critical cloud computing market trends.
  • Large-scale enterprises are significantly adopting edge computing to improve server response time and reduce latency.
  • The growth in the velocity of data generation in end-user industries has created a demand for more technologically advanced edge platforms.
  • Vendors are focusing on developing and introducing edge computing platforms that will help clients in improving their data management capabilities at the edge of the network.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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

 

The cloud computing market is fragmented and the vendors are deploying growth strategies such as product development to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the cloud computing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Cloud Computing Market?

Cloud-Computing-Market-Market-Share-by-Region-2020-2025

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40% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for cloud computing in North America. Market growth in this region will be slower than the growth of the market in other regions.

The rising adoption of cloud solutions from various end-user industries will facilitate the cloud computing market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Service Segments in the Cloud Computing Market?

Cloud-Computing-Market-Market-Share-by-Service-2020-2025

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The adoption of SaaS helps enterprises in eliminating expenses and complexities associated with managing hardware and software required to run applications. Moreover, SaaS also enables easy access to IoT, data analytics, and AI platforms, which aids businesses in making business decisions. As a result, there will be a high demand for SaaS solutions. The growth of the SaaS market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud computing market size.

 

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What are the Key Factors 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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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.

INFORMATION 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

DATA 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

REPORT 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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The cloud computing market growth will increase by $287.03 billion during 2020-2025.
The cloud computing market is expected to grow at a CAGR of 17.21% during 2020-2025.
Technavio has segmented the cloud computing market by service (SaaS, IaaS, and PaaS) and geographic (North America, Europe, APAC, South America, and MEA).
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 are a few of the key vendors in the cloud computing market.
North America will register the highest growth rate of 40.34% 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 towards cloud computing for cost-cutting
The cloud computing market vendors should focus on grabbing business opportunities from the saas segment as it accounted for the largest market share in the base year.
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