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Global Cloud Computing Market Outlook to 2023: The Increase in Adoption of Hybrid Cloud Services Presents Lucrative Opportnuities - ResearchAndMarkets.com

May 23, 2019

DUBLIN--(BUSINESS WIRE)--May 23, 2019--

The “Global Cloud Computing Market Outlook to 2023: The Increase in Adoption of Hybrid Cloud Services Presents Lucrative Opportnuities” report has been added to ResearchAndMarkets.com’s offering.

The total cloud computing market size is expected to grow from USD 271.96 billion in 2018 to USD 623.93 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period.

The increasing volume of data generation in websites and mobile apps, rising focus on delivering customer-centric applications for driving customer satisfaction, and growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are a few factors driving the growth of the emerging technologies.

The emerging technologies, such as big data, Artificial Intelligence (AI), and Machine Learning (ML) are gaining traction which is ultimately leading to the growth of the cloud computing market, globally. Moreover, major factors, such as data security, faster Disaster Recovery (DR), and meeting compliance requirements are driving the growth of cloud computing services.

Additionally, the need to mitigate risks, achieve scalability and flexibility to move and store data, reduce storage and infrastructure complexities, and increase business efficiency are leading to the growth of the cloud computing market.

Some of the major vendors in the cloud computing market include Amazon Web Services (AWS), Microsoft Corporation (Microsoft), Alphabet Inc. (Google), Alibaba.com (Alibaba), SAP SE (SAP), IBM Corporation (IBM), Oracle Corporation (Oracle), VMware, Inc. (VMware), Rackspace Hosting, Inc. (Rackspace), Salesforce.com, Inc. (Salesforce), Adobe Inc. (Adobe), Verizon Communications Inc. (Verizon), CenturyLink, Inc. (CenturyLink), Fujitsu Limited (Fujitsu), and NTT Communications Corporation (NTT Communications).

This research report also studies the strategic alliances and lucrative acquisitions among various global and local players in the cloud computing ecosystem. These players have majorly adopted the strategy of partnerships to enhance their business in the cloud computing market. Vendors have also launched new products to cater to the needs of diverse end users across regions.

Market Dynamics

Drivers

  • Increased Automation and Agility
  • Need For Delivering Enhanced Customer Experience
  • Increased Cost-Savings and Return On Investment

Restraints

  • Data Prone To Cyber-Attacks
  • Lack of Skilled Labor

Opportunities

  • Increase In Adoption of Hybrid Cloud Services
  • Rise In Number of Small and Medium-Sized Enterprises To Create New Revenue Opportunities For Cloud Vendors

Challenges

  • Increased Need To Manage Regulatory and Compliance Policy Needs
  • Compatibility Issues With Legacy Systems
  • Fear of Vendor Lock-In

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Cloud Computing Market, by Service Model

7 Cloud Computing Market, by Deployment Model

8 Cloud Computing Market, by Organization Size

9 Cloud Computing Market, by Vertical

10 Cloud Computing Market, by Workload

11 Cloud Computing Market, by Region

12 Competitive Landscape

13 Company Profiles

  • Adobe
  • Alibaba
  • AWS
  • Centurylink
  • Fujitsu
  • Google
  • IBM
  • Microsoft
  • NTT Communications
  • Oracle
  • Rackspace
  • Salesforce
  • SAP
  • Verizon
  • VMware

For more information about this report visit https://www.researchandmarkets.com/r/d62zc1

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005358/en/

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Related Topics:Cloud Computing and Storage

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT

SOURCE: Research and Markets

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PUB: 05/23/2019 07:53 AM/DISC: 05/23/2019 07:53 AM

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