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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?

Download the Free Report Sample to Unlock the Cloud Computing Market Size for the Forecast Period and Other Important Statistics

 

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

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 17%

Market growth 2021-2025

$ 287.03 billion

Market structure

Fragmented

YoY growth (%)

20.37

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

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

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 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 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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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

                                2.3.1 Inputs 

                                2.2.2    Engineering phase

                                2.3.3 Operations

                                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: 

  • SaaS
  • IaaS
  • PaaS

                                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
  • Europe
  • APAC
  • South America
  • MEA

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.

                                Landscape disruption

                                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. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                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

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
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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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The cloud computing market market growth will increase by $287.03 billion during 2021-2025.
The cloud computing market market is expected to grow at a CAGR of 17.21% during 2021-2025.
Technavio has segmented the cloud computing market 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 market.
North America will register the highest growth rate of 40.34% among the other regions. Therefore, the cloud computing market 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 market growth are:
  • Increased inclination towards cloud computing for cost-cutting
The cloud computing market 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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