Public Cloud Market Share, Growth Opportunities, Development Status, Emerging Trends, Segmentation, Competitive Landscape and Industry Expansion Strategies 2023

Market Research Future published a research report on “Public Cloud Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - June 13, 2019 /MarketersMedia/ —

Market Overview:

The global public cloud market is expected to exhibit a stellar 22.78% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report makes a close study of the major factors determining the global public cloud market’s growth trajectory and provides readers with a detailed assessment of the market to enable well-informed decision making in the market.

The global Public Cloud Market is mainly driven by the growing demand for industrial automation and the growing reliance on digital data generation and gathering procedures in public sector industries such as BFSI. The growing use of digital means to access BFSI and other public sector services has resulted in a growing demand for cost-efficient data storage and processing mechanisms, as the volume of data generated in modern online transactions is too high to be processed by conventional means. This has driven the development of the public cloud market, especially in developed countries, over the last few years. The growing use of mobile apps and websites in the banking and government sector is likely to remain one of the key drivers for the global public cloud market over the forecast period.

The increasing government support to digitalization procedures all over the world has also led to a growing demand for public cloud facilities. The growing adoption of IoT technology and solutions in emerging countries is likely to drive the demand from the public cloud market over the forecast period, as widespread adoption of IoT systems makes it more viable to install public cloud systems. The growing demand for high-performance computing in several industries over the world is likely to be a major driver for the global public cloud market over the forecast period.

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Key Players:

The key players in the global public cloud market include Amazon.com Inc. (USA), Cisco Systems Inc. (USA), Fujitsu Limited (Japan), Google Inc. (USA), Hewlett-Packard Enterprise (USA), International Business Machines Corporation {IBM (USA)}, Microsoft Corporation (USA), Oracle Corporation (USA), Salesforce.com (USA), and VMware Inc. (USA).

Segmentation:

The global public cloud market is segmented on the basis of cloud computing, service type, organization size, end use industry, and region.

By cloud computing, the global public cloud market is segmented into cloud billing, cloud communication platforms, cloud access security, cloud high performance computing, and cloud infrastructure. The cloud infrastructure segment currently dominates the global public cloud, but cloud billing is likely to witness the highest CAGR over the forecast period.

By service type, the global public cloud market is segmented into SaaS, PaaS, and IaaS. SaaS is likely to exhibit the highest growth rate over the forecast period, as it offers users the convenience of being able to access the services without installing them.

By organization size, the global public cloud market is segmented into large enterprises and small & midsized enterprises.

By end use, the public cloud market is segmented into manufacturing, BFSI, healthcare, retail, government, aerospace and defense, IT and telecommunications, and others. BFSI is likely to be the major revenue generator for the global public cloud market over the forecast period due to the growing adoption of mobile apps and related ecosystems in the BFSI sector.

Regional Analysis:

North America is likely to dominate the global public cloud market over the forecast period, followed by Europe. The adoption of public cloud has been widespread in North America. Growing government support to public cloud expansion is also likely to be a major driver for the public cloud market in North America over the forecast period. Europe is also a leading regional market for public cloud due to the strong government support for widespread installation of public cloud infrastructure. The increasing use of 5G connectivity and the growing reliance on mobile apps for transactions are likely to drive the usage of public cloud systems in developed regions such as North America and Europe over the forecast period.

Asia Pacific, Latin America, the Middle East, and Africa are likely to exhibit low growth rates over the forecast period, though the market could see significant opportunities open up in Asia Pacific in the coming years due to the growing demand for advanced connectivity solutions in the regions.

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Intended Audience

• Cloud providers
• MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
• System Integrators
• Government Organizations
• Research/Consultancy firms

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/public-cloud-market-share-growth-opportunities-development-status-emerging-trends-segmentation-competitive-landscape-and-industry-expansion-strategies-2023/523872

Source: MarketersMedia

Release ID: 523872

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