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The Global Cloud Computing Market, 2019: Analysis by Service Model, Deployment Model, Organization Size, Workload, Vertical and Region - Forecast to 2023 - ResearchAndMarkets.com

March 5, 2019

DUBLIN--(BUSINESS WIRE)--Mar 5, 2019--The “Cloud Computing Market by Service Model, Deployment Model, Organization Size, Workload, Vertical, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global cloud computing market size is expected to grow from USD 272 billion in 2018 to USD 623.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18% during the forecast period.

Increased automation and agility, need for delivering enhanced customer experience, and increased cost savings and return on investment are the major growth factors for the cloud computing market. However, data prone to cyber-attacks and lack of skilled labor may restrain the growth of the cloud computing market.

Infrastructure as a Service (IaaS) to help enterprises in enhancing infrastructure scalability and performance

The key features of IaaS include automated administrative tasks, dynamic scaling, platform virtualization, and network connectivity. IaaS enables enterprises to leverage their IT infrastructure without paying for the construction of the physical infrastructure. Moreover, it provides flexibility, mobility, easy, and scalable access to applications, and enhanced collaboration to help enterprises focus on their core businesses.

Retail and consumer goods vertical to grow at the highest rate during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks.

Various factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations leading to the existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services.

North America to hold the largest market size and the Asia Pacific (APAC) to grow at the highest rate during the forecast period

North America is the most mature market in terms of cloud computing services adoption, due to several factors, such as the presence of many enterprises with advanced IT infrastructure, and availability of technical expertise.

APAC is expected to offer significant growth opportunities for cloud computing vendors during the forecast period. Rapid advancements in emerging technologies, IT infrastructure services, and the Internet of Things (IoT) have led many organizations to adopt cloud computing services.

Key Players

1. AWS (US)

2. Microsoft (US)

3. Google (US)

4. Alibaba (China)

5. SAP (Germany)

6. IBM (US)

7. Oracle (US)

8. VMware (US)

9. Rackspace (US)

10. Salesforce (US)

11. Adobe (US)

12. Verizon (US)

13. CenturyLink (US)

14. Fujitsu (Japan)

15. NTT Communications (Japan)

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Years Considered For the Study

1.4 Currency Considered

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Assumptions For the Study

2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities In the Cloud Computing Market

4.2 Cloud Computing Market, by Service Model (2018 Vs. 2023)

4.3 Cloud Computing Market, by Deployment Model (2018 Vs. 2023)

4.4 Cloud Computing Market, by Vertical (2018 Vs. 2023)

4.5 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increased Automation & Agility

5.2.1.2 Need for Delivering Enhanced Customer Experience

5.2.1.3 Increased Cost-Savings & Return on Investment

5.2.2 Restraints

5.2.2.1 Data Prone to Cyber-Attacks

5.2.2.2 Lack of Skilled Labor

5.2.3 Opportunities

5.2.3.1 Increase in Adoption of Hybrid Cloud Services

5.2.3.2 Rise in Number of Small & Medium-Sized Enterprises to Create New Revenue Opportunities for Cloud Vendors

5.2.4 Challenges

5.2.4.1 Increased Need to Manage Regulatory & Compliance Policy Needs

5.2.4.2 Compatibility Issues with Legacy Systems

5.2.4.3 Fear of Vendor Lock-In

6 Cloud Computing Market, by Service Model

6.1 Introduction

6.2 Infrastructure as a Service

6.3 Platform as a Service

6.4 Software as a Service

7 Cloud Computing Market, by Deployment Model

7.1 Introduction

7.2 Public Cloud

7.3 Private Cloud

7.4 Hybrid Cloud

8 Cloud Computing Market, by Organization Size

8.1 Introduction

8.2 Small and Medium-Sized Enterprises

8.3 Large Enterprises

9 Cloud Computing Market, by Vertical

9.1 Introduction

9.2 Banking, Financial Services and Insurance

9.3 It and Telecommunications

9.4 Government and Public Sector

9.5 Retail and Consumer Goods

9.6 Manufacturing

9.7 Energy and Utilities

9.8 Media and Entertainment

9.9 Healthcare and Life Sciences

9.10 Others

10 Cloud Computing Market, by Workload

10.1 Introduction

10.2 Storage, Backup, and Disaster Recovery

10.3 Application Development and Testing

10.4 Database Management

10.5 Business Analytics

10.6 Integration and Orchestration

10.7 Customer Relationship Management

10.8 Enterprise Resource Management

10.9 Collaboration and Content Management

10.10 Others

11 Cloud Computing Market, by Region

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 Middle East and Africa

11.6 Latin America

12 Competitive Landscape

12.1 Competitive Scenario

12.2 Competitive Leadership Mapping

13 Company Profiles

13.1 AWS

13.2 IBM

13.3 Microsoft

13.4 Google

13.5 Oracle

13.6 Alibaba

13.7 SAP

13.8 VMware

13.9 Rackspace

13.10 Salesforce

13.11 Adobe

13.12 Verizon

13.13 Centurylink

13.14 Fujitsu

13.15 NTT Communications

For more information about this report visit https://www.researchandmarkets.com/research/l72k3l/the_global_cloud?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190305005408/en/

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Related Topics:Cloud Computing and Storage

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INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/05/2019 04:34 AM/DISC: 03/05/2019 04:34 AM

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