出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年12月
Cloud Computing Market – Global Forecast to 2028
クラウドコンピューティング市場 : サービスモデル (IaaS、PaaS、SaaS)、導入モデル (パブリッククラウド、プライベートクラウド、ハイブリッドクラウド)、組織規模、業種 (BFSI、電気通信、製造、小売＆消費財)、地域別 – 2028年までの世界予測
Cloud Computing Market by Service Model (IaaS, PaaS, SaaS), Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Vertical (BFSI, Telecommunications, Manufacturing, Retail & Consumer Goods) and Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
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Report Overview
MarketsandMarkets forecasts the global cloud computing market size is expected to grow from USD 626.4 Billion in 2023 to USD 1,266.4 Billion by 2028 at a CAGR of 15.1% during the forecast period. Cloud computing enables businesses to access a wide range of services and tools, which can help them to innovate and adapt to new technologies. This flexibility allows companies to focus on their core competencies and outsource IT infrastructure and management responsibilities to cloud providers.
“Compute” sub-segment of IaaS segment to hold the largest market size during the forecast period.”
“Compute” in cloud computing refers to ideas and things associated with software computation. It is a general phrase that refers to the computing power, memory, networking, storage, and other resources necessary for any application to succeed computationally. For instance, graphics processing applications, such as 3-D rendering and video games, are compute-intensive apps, whereas CPUs, APUs, and GPUs are computing resources. A virtual machine (VM) is an independent computing environment that runs on top of physical bare metal hardware. In contrast, a bare metal compute instance offers dedicated physical server access for maximum performance and strong isolation. Virtualization software splits a physical (bare metal) server into numerous virtual servers to construct cloud servers. It offers advantages such as affordability, scalability, integration, and load balancing.
“BFSI” vertical to hold the largest market size during the forecast period.”
The BFSI sector rapidly embraces digitalization initiatives to meet rising customer expectations and sustain the highly competitive market. Cloud-based applications facilitate vendors to meet IT efficiency needs while saving on CAPEX and OPEX. As the banking sector needs to store and manage customers’ confidential information like credit card details, transaction details, and personal information, it is crucial to store this data securely. Cloud computing offers various benefits, such as meeting regulatory standards and enabling vendors to meet them more efficiently.
The increased adoption of cloud computing in the BFSI sector is due to factors like the rising online banking activity, which has prompted moneylenders to embrace digital transformation. Cloud computing helps firms decrease expenses, encourage innovation, strengthen client connections, and increase flexibility in the BFSI sector. It is an ideal solution for storing and managing confidential information, offering numerous benefits while ensuring regulatory compliance.
“Cloud Computing market in Asia Pacific to grow at the highest CAGR during the forecast period.”
The cloud computing market in Asia Pacific would grow at the highest rate among all the regions due to the increasing enterprise workloads. Cloud computing adoption is increasing across different industry categories in Asia Pacific. As a result, cloud providers such as Amazon Web Services, Google Cloud, and Microsoft Azure are expanding their presence in the Asia Pacific area. Amazon Web Services, for example, spent USD 6 billion in Malaysia in March 2023 to establish cloud data centres. Singapore’s government is introducing innovative digital tools to improve financial planning efficiency and protect personal financial information. For example, the Smart Nation and Digital Government Group (SNDGG) and the Monetary Authority of Singapore (MAS) will launch the Singapore Financial Data Exchange (SGFinDex) in December 2020, a platform aimed to assist Singaporeans better organise their finances. It is the world’s first public digital infrastructure to enable citizens with access to their financial information maintained across various government departments and financial organisations, using a national digital identity and a centrally managed online permission mechanism. SGFinDex was founded by Singapore’s largest banks, government agencies, and the Singapore Exchange Group (SGX Group). Enterprises across the Asia Pacific have always been cautious about their investment plans and focus on affordable options. Various giant players, such as Microsoft, AWS, Google, and IBM, are expanding their cloud services rapidly in this region due to the availability of enormous customer potential and the growing economic outlook.
Moreover, Asia Pacific provides significant growth opportunities over the next five years. The rising demand for advanced solutions that are cloud-driven and cloud-supported has resulted in the increasing demand for cloud computing solutions in Asia Pacific, resulting in increasing investments and technological advancements across industries. The market in Asia Pacific is experiencing strong growth as Asia Pacific organizations are rapidly adopting cloud computing to meet the demands of their customers. The competition in this region is fragmented, and market vendors are looking to expand their presence there, which would result in infrastructure improvement and business-strategic benefits. Asia Pacific enterprises are less proficient than North American and European enterprises in information, security awareness, and technical expertise.
Further, our team conducted in-depth interviews with the Chief Executive Officers (CEOs), Chief Marketing Officers (CMO), Chief Operating Officers (COOs), Chief Technology Officers (CTOs), Vice Presidents (VPs), Managing Directors (MDs), domain heads, technology and innovation directors, and related key executives from various prominent companies and organizations operating in the cloud computing market.
§ By Company – Tier 1–20%, Tier 2–34%, and Tier 3–46%
§ By Designation – C-Level Executives–35%, Director Level–25%, and Others–40%
§ By Region – North America–42%, Europe–25%, Asia Pacific–18%, RoW – 15%
The key players in the cloud computing market are AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Skytap (US), OVH (France), Navisite (US), CenturyLink (US), among others. The study includes an in-depth competitive analysis of these key players in the cloud computing market with their company profiles, recent developments, and key market strategies.
Research Coverage
The research study covered inputs, insights, trends, and happenings from secondary sources, primary sources, stakeholders’ interviews, and surveys. Secondary sources include information from databases and repositories such as D&B Hoovers, Bloomberg, Factiva, and CoinDesk. We fetched primary data from supply-side industry experts who hold the chair of Chief Executive Officer (CEO), Chief Technological Officer (CTO), Chief Operating Officer (COO), Vice-President (VP) of IT, and Managing Director (MD), among others. We also reached out to a few startups during our primary interviews. Additionally, we have taken information and statistical and historical data from a few government associations, public sources, webinar and seminar transcripts, journals, conferences, and events.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cloud computing market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. The report incorporates a critical section comprising the company profiles in the market, in which it has exhaustively evaluated the vendors in terms of product portfolio offerings and business strategies followed; this will give a holistic view of the current standing of the key players in the market and the ongoing developments encompassing partnerships, agreements, collaborations, mergers and acquisitions, joint ventures, new product or service launches, and business expansions. This evaluation will help the buyers understand how the major vendors are achieving service differentiation, and buyers can understand the need gap analysis for the existing services and new services needed to cater to these newly developed solutions for this market. The report can help the buyers understand significant benefits as well as driving factors that are becoming key growth drivers of the development of buyers in these services.
The report provides insights on the following pointers.
• Analysis of key drivers (rising demand for AI, personalized customer experience, need for disaster recovery and contingency plans), restraints (data security and privacy concern, lack of technical knowledge and expertise), opportunities (increase government initiatives, adoption of IoT and connected devices), and challenges (high complexity due to adoption of multi-cloud model, risk of vendor lock-in) influencing the growth of the cloud computing market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cloud computing market
• Market Development: Comprehensive information about lucrative markets – the report analyses the cloud computing market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cloud computing market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Skytap (US), OVH (France), Navisite (US), CenturyLink (US), Infor (US), Sage (UK), Intuit (US), OpenText (Canada), Cisco (US), Box (US), Zoho (US), Citrix (US), Epicor (US), Upland Software (US), ServiceNow (US), IFS (Sweden), App Maisters (US), Zymr (US), JDV Technologies (India), Tudip Technologies (India), Visartech (US), Cloudflex (Nigeria), Cloudways (Malta), Vultr (US), and pCloud (Switzerland) in the cloud computing market. The report also helps stakeholders understand the competitive analysis of these market players.
Table of Contents
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.3 MARKET SCOPE 32
1.3.1 MARKET SEGMENTATION 33
1.3.2 REGIONS COVERED 34
1.3.3 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 35
TABLE 1 USD EXCHANGE RATES, 2018–2022 35
1.5 STAKEHOLDERS 35
1.6 SUMMARY OF CHANGES 36
1.6.1 RECESSION IMPACT 36
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH APPROACH 38
FIGURE 1 CLOUD COMPUTING MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY DATA 39
2.1.2 PRIMARY DATA 40
2.1.2.1 Breakup of primary profiles 41
2.1.2.2 Key industry insights 41
2.2 MARKET FORECAST 42
TABLE 2 FACTOR ANALYSIS 42
2.3 MARKET SIZE ESTIMATION 43
FIGURE 2 CLOUD COMPUTING MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 43
2.3.1 TOP-DOWN APPROACH 44
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.3.2 BOTTOM-UP APPROACH 44
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45
FIGURE 5 CLOUD COMPUTING MARKET: RESEARCH FLOW 45
2.3.3 MARKET ESTIMATION APPROACHES 46
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): ILLUSTRATION OF VENDOR REVENUE ESTIMATION 46
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 47
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM SUPPLY SIDE, COLLECTIVE REVENUE OF VENDORS 47
FIGURE 9 DEMAND-SIDE APPROACH: CLOUD COMPUTING MARKET 48
2.4 DATA TRIANGULATION 49
FIGURE 10 CLOUD COMPUTING MARKET: DATA TRIANGULATION 49
2.5 IMPACT OF RECESSION ON GLOBAL CLOUD COMPUTING MARKET 50
2.6 RESEARCH ASSUMPTIONS 50
2.7 LIMITATIONS 53
3 EXECUTIVE SUMMARY 54
TABLE 3 CLOUD COMPUTING MARKET SIZE AND GROWTH, 2018–2022 (USD BILLION, Y-O-Y %) 55
TABLE 4 CLOUD COMPUTING MARKET SIZE AND GROWTH, 2023–2028 (USD BILLION, Y-O-Y %) 55
FIGURE 11 GLOBAL CLOUD COMPUTING MARKET TO WITNESS SIGNIFICANT GROWTH 55
FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2023 57
FIGURE 13 FASTEST-GROWING SEGMENTS OF CLOUD COMPUTING MARKET 58
4 PREMIUM INSIGHTS 60
4.1 OVERVIEW OF CLOUD COMPUTING MARKET 60
FIGURE 14 RISE OF REMOTE WORK AND GLOBALIZATION TO DRIVE MARKET GROWTH 60
4.2 CLOUD COMPUTING MARKET, BY SERVICE MODEL 60
FIGURE 15 SAAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 60
4.3 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL 61
FIGURE 16 PUBLIC CLOUD DEPLOYMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 61
4.4 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE 61
FIGURE 17 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 61
4.5 CLOUD COMPUTING MARKET, BY VERTICAL 62
FIGURE 18 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023 62
4.6 CLOUD COMPUTING MARKET: REGIONAL SCENARIO 62
FIGURE 19 ASIA PACIFIC EXPECTED TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 62
5 MARKET OVERVIEW AND INDUSTRY TRENDS 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 63
FIGURE 20 CLOUD COMPUTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 64
5.2.1 DRIVERS 64
5.2.1.1 Accelerated spending on cloud 64
FIGURE 21 GLOBAL PUBLIC CLOUD INFRASTRUCTURE-AS-A-SERVICE (IAAS) END-USER SPENDING (BILLION USD) 65
5.2.1.2 Rising demand for AI 65
FIGURE 22 AVERAGE NUMBER OF AI OR ML PROJECTS DEPLOYED 66
5.2.1.3 Personalized customer experience 66
5.2.1.4 Need for disaster recovery and contingency plans 66
5.2.2 RESTRAINTS 67
5.2.2.1 Data security and privacy concerns 67
FIGURE 23 ENTERPRISE SECURITY ISSUES 67
5.2.2.2 Lack of technical knowledge and expertise 67
5.2.3 OPPORTUNITIES 68
5.2.3.1 Increasing government initiatives 68
5.2.3.2 Adoption of IoT and connected devices 68
FIGURE 24 PROGNOSIS OF WORLDWIDE SPENDING ON INTERNET OF THINGS (IOT) FROM 2018 TO 2023 (BILLION USD) 68
5.2.4 CHALLENGES 69
5.2.4.1 High complexity due to adoption of multi-cloud model 69
5.2.4.2 Risk of vendor lock-in 69
5.3 CASE STUDY ANALYSIS 69
5.3.1 CASE STUDY 1: ZEOTAP IMPLEMENTED DEVOPS ARCHITECTURE TO IMPROVE PROCESS OPTIMIZATION 69
5.3.2 CASE STUDY 2: GHOST TEAM IMPLEMENTED DIGITALOCEAN’S APP TO MEET ITS CLOUD COMPUTING REQUIREMENTS 70
5.3.3 CASE STUDY 3: CITRIX CLOUD ENABLED AUTODESK TO ENHANCE ITS DIGITIZATION 70
5.3.4 CASE STUDY 4: AWS CLOUD HELPED SIMSCALE SIMULATE COST-EFFECTIVE DESIGNS AND MAKE BETTER-INFORMED DECISIONS 71
5.3.5 CASE STUDY 5: ACCENTURE DIGITAL EXPERIENCE REVOLUTIONIZED MINNA BANK 72
5.4 SUPPLY CHAIN ANALYSIS 73
FIGURE 25 CLOUD COMPUTING MARKET: SUPPLY CHAIN 73
5.5 ECOSYSTEM ANALYSIS 74
FIGURE 26 CLOUD COMPUTING MARKET: ECOSYSTEM 74
5.6 PORTER’S FIVE FORCES ANALYSIS 75
FIGURE 27 CLOUD COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS 75
TABLE 5 CLOUD COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS 75
5.6.1 THREAT OF NEW ENTRANTS 76
5.6.2 THREAT OF SUBSTITUTES 76
5.6.3 BARGAINING POWER OF SUPPLIERS 76
5.6.4 BARGAINING POWER OF BUYERS 76
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.7 PRICING ANALYSIS 77
5.7.1 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY SOLUTION 77
TABLE 6 CLOUD COMPUTING MARKET: AVERAGE PRICING LEVELS (USD) 77
5.7.2 INDICATIVE PRICING ANALYSIS OF CLOUD COMPUTING SOLUTIONS 78
TABLE 7 INDICATIVE PRICING ANALYSIS OF CLOUD COMPUTING SOLUTIONS 78
5.8 TECHNOLOGY ANALYSIS 80
5.8.1 KEY TECHNOLOGY 80
5.8.1.1 Containerization 80
5.8.1.2 Virtualization 80
5.8.2 COMPLIMENTARY TECHNOLOGY 80
5.8.2.1 Internet of Things (IoT) 80
5.8.2.2 Cybersecurity 81
5.8.2.3 DevOps 81
5.8.3 ADJACENT TECHNOLOGY 81
5.8.3.1 Artificial Intelligence (AI) 81
5.8.3.2 Big data 82
5.8.3.3 Data analytics 82
5.8.3.4 Machine Learning (ML) 82
5.8.3.5 5G 83
5.9 PATENT ANALYSIS 83
FIGURE 28 NUMBER OF PATENTS PUBLISHED, 2012–2023 83
FIGURE 29 TOP FIVE PATENT OWNERS (GLOBAL) 84
TABLE 8 TOP TEN PATENT OWNERS 84
TABLE 9 PATENTS GRANTED TO VENDORS IN CLOUD COMPUTING MARKET 85
5.10 TRENDS/DISRUPTIONS IMPACTING BUYERS 86
FIGURE 30 CLOUD COMPUTING MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS 86
5.11 REGULATORY LANDSCAPE 87
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
5.11.1.1 Regulatory implications and industry standards 87
5.11.1.2 General Data Protection Regulation 87
5.11.1.3 SEC Rule 17a-4 87
5.11.1.4 ISO/IEC 27001 87
5.11.1.5 System and Organization Controls 2 Type II compliance 87
5.11.1.6 Financial Industry Regulatory Authority 88
5.11.1.7 Freedom of Information Act 88
5.11.1.8 Health Insurance Portability and Accountability Act 88
5.11.2 REGULATIONS, BY REGION 88
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 92
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 93
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 93
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRY VERTICALS 93
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP INDUSTRY VERTICALS 93
5.12.2 BUYING CRITERIA 94
FIGURE 32 KEY BUYING CRITERIA FOR TOP INDUSTRY VERTICALS 94
TABLE 15 KEY BUYING CRITERIA FOR TOP INDUSTRY VERTICALS 94
5.13 KEY CONFERENCES AND EVENTS 95
TABLE 16 CLOUD COMPUTING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2023–2024 95
5.14 BUSINESS MODEL ANALYSIS 96
FIGURE 33 BUSINESS MODEL: CLOUD COMPUTING MARKET 96
5.14.1 PAY-AS-YOU-GO 97
5.14.2 SUBSCRIPTION MODEL 97
5.14.3 FREEMIUM 97
5.14.4 CUSTOM PRICING AGREEMENT 97
6 CLOUD COMPUTING MARKET, BY SERVICE MODEL 98
6.1 INTRODUCTION 99
FIGURE 34 SAAS SEGMENT TO ACCOUNT FOR LARGEST SIZE DURING FORECAST PERIOD 99
6.1.1 SERVICE MODEL: CLOUD COMPUTING MARKET DRIVERS 99
TABLE 17 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 100
TABLE 18 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 100
6.2 INFRASTRUCTURE-AS-A-SERVICE (IAAS) 101
6.2.1 HIGH FLEXIBILITY AND SCALABILITY TO ALLOW FOR EASY UPGRADES WITHOUT INCURRING LOSSES 101
FIGURE 35 COMPUTE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 101
TABLE 19 IAAS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 102
TABLE 20 IAAS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 102
TABLE 21 CLOUD COMPUTING MARKET, BY IAAS, 2018–2022 (USD BILLION) 102
TABLE 22 CLOUD COMPUTING MARKET, BY IAAS, 2023–2028 (USD BILLION) 103
6.2.1.1 Primary storage 103
6.2.1.1.1 Primary storage to eliminate need for purchasing and managing data storage infrastructure 103
TABLE 23 PRIMARY STORAGE: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 103
TABLE 24 PRIMARY STORAGE: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 104
6.2.1.2 Disaster recovery & backup 104
6.2.1.2.1 Backup & disaster recovery applications providing protection for enterprise application data during disasters and assistance in speedy recovery process 104
TABLE 25 DISASTER RECOVERY & BACKUP: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 105
TABLE 26 DISASTER RECOVERY & BACKUP: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 105
6.2.1.3 Archiving 105
6.2.1.3.1 Data archiving systems to reduce primary storage and associated costs 105
TABLE 27 ARCHIVING: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 106
TABLE 28 ARCHIVING: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 106
6.2.1.4 Compute 106
6.2.1.4.1 Compute-intensive applications to offer affordability, scalability, integration, and load balancing 106
TABLE 29 COMPUTE: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 107
TABLE 30 COMPUTE: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 107
6.3 PLATFORM-AS-A-SERVICE (PAAS) 107
6.3.1 PAAS ENABLING QUICK CREATION OF NEW SOFTWARE BY PROVIDING COMPUTATION AND STORAGE INFRASTRUCTURES 107
FIGURE 36 DATA MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 108
TABLE 31 PAAS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 108
TABLE 32 PAAS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 109
TABLE 33 CLOUD COMPUTING MARKET, BY PAAS, 2018–2022 (USD BILLION) 109
TABLE 34 CLOUD COMPUTING MARKET, BY PAAS, 2023–2028 (USD BILLION) 109
6.3.1.1 Application development & platforms 110
6.3.1.1.1 Application development to provide cost-efficiency, scalability, and rapid development 110
TABLE 35 APPLICATION DEVELOPMENT & PLATFORMS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 110
TABLE 36 APPLICATION DEVELOPMENT & PLATFORMS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 110
6.3.1.2 Application testing & quality 111
6.3.1.2.1 Growing preference for effective testing strategy systems, user interfaces, and APIs 111
TABLE 37 APPLICATION TESTING & QUALITY: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 111
TABLE 38 APPLICATION TESTING & QUALITY: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 111
6.3.1.3 Analytics & reporting 112
6.3.1.3.1 Analytics and reporting applications to enhance performance and decision-making 112
TABLE 39 ANALYTICS & REPORTING: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 112
TABLE 40 ANALYTICS & REPORTING: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 112
6.3.1.4 Integration & orchestration 113
6.3.1.4.1 Integration and orchestration to aid automation and synchronization of data in real time 113
TABLE 41 INTEGRATION & ORCHESTRATION: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 113
TABLE 42 INTEGRATION & ORCHESTRATION: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 113
6.3.1.5 Data management 114
6.3.1.5.1 Data management solutions to ensure visibility, security, reliability, and data scalability 114
TABLE 43 DATA MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 114
TABLE 44 DATA MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 114
6.4 SOFTWARE AS A SERVICE (SAAS) 115
6.4.1 SAAS ENSURING ENHANCED SECURITY AND ELIMINATING NEED FOR HARDWARE EXPENDITURE 115
FIGURE 37 CUSTOMER RELATIONSHIP MANAGEMENT SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 115
TABLE 45 SAAS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 116
TABLE 46 SAAS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 116
TABLE 47 CLOUD COMPUTING MARKET, BY SAAS, 2018–2022 (USD BILLION) 116
TABLE 48 CLOUD COMPUTING MARKET, BY SAAS, 2023–2028 (USD BILLION) 117
6.4.1.1 Customer relationship management 117
6.4.1.1.1 CRM to enable enterprises to store and utilize customer data at scale 117
TABLE 49 CUSTOMER RELATIONSHIP MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 117
TABLE 50 CUSTOMER RELATIONSHIP MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 118
6.4.1.2 Enterprise resource management 118
6.4.1.2.1 ERP applications used to remove expensive duplications and incompatible technology 118
TABLE 51 ENTERPRISE RESOURCE MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 118
TABLE 52 ENTERPRISE RESOURCE MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 119
6.4.1.3 Human capital management 119
6.4.1.3.1 Human capital management to help maximize value of human capital via effective management 119
TABLE 53 HUMAN CAPITAL MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 119
TABLE 54 HUMAN CAPITAL MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 120
6.4.1.4 Content management 120
6.4.1.4.1 Rising preference for information management, responsiveness, and scalability 120
TABLE 55 CONTENT MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 121
TABLE 56 CONTENT MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 121
6.4.1.5 Collaboration & productivity suites 121
6.4.1.5.1 Sharing of documents and files made easy by deployment of collaboration and productivity suites 121
TABLE 57 COLLABORATION & PRODUCTIVITY SUITES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 122
TABLE 58 COLLABORATION & PRODUCTIVITY SUITES: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 122
6.4.1.6 Supply chain management 122
6.4.1.6.1 Supply chain management applications enabling online web portals to connect networks of various commercial partners directly 122
TABLE 59 SUPPLY CHAIN MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 123
TABLE 60 SUPPLY CHAIN MANAGEMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 123
6.4.1.7 Other SaaS service models 123
TABLE 61 OTHER SAAS SERVICE MODELS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 124
TABLE 62 OTHER SAAS SERVICE MODELS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 124
7 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL 125
7.1 INTRODUCTION 126
FIGURE 38 PUBLIC CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD 126
7.1.1 DEPLOYMENT MODEL: CLOUD COMPUTING MARKET DRIVERS 126
TABLE 63 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 127
TABLE 64 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 127
7.2 PUBLIC CLOUD 127
7.2.1 PUBLIC CLOUD TO HELP ORGANIZATIONS MEET THEIR SCALABILITY DEMAND 127
TABLE 65 PUBLIC CLOUD: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 128
TABLE 66 PUBLIC CLOUD: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 128
7.3 PRIVATE CLOUD 128
7.3.1 PRIVATE CLOUD TO REDUCE RISKS, SECURITY ISSUES, AND REGULATORY HURDLES ASSOCIATED WITH CLOUD ADOPTION. 128
TABLE 67 PRIVATE CLOUD: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 129
TABLE 68 PRIVATE CLOUD: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 129
7.4 HYBRID CLOUD 130
7.4.1 HYBRID CLOUD TO ALLOW MOVING APPLICATIONS AND WORKLOADS BETWEEN PRIVATE AND PUBLIC CLOUDS BASED ON SPECIFIC NEEDS 130
TABLE 69 HYBRID CLOUD: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 130
TABLE 70 HYBRID CLOUD: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 131
8 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE 132
8.1 INTRODUCTION 133
FIGURE 39 LARGE ENTERPRISES TO DOMINATE MARKET DURING FORECAST PERIOD 133
8.1.1 ORGANIZATION SIZE: CLOUD COMPUTING MARKET DRIVERS 133
TABLE 71 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 134
TABLE 72 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 134
8.2 LARGE ENTERPRISES 134
8.2.1 INCREASE IN ADOPTION OF CLOUD COMPUTING IN LARGE ENTERPRISES TO IMPROVE PRODUCTIVITY AND EFFICIENCY 134
TABLE 73 LARGE ENTERPRISES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 135
TABLE 74 LARGE ENTERPRISES: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 135
8.3 SMALL AND MEDIUM-SIZED ENTERPRISES 135
8.3.1 IMPLEMENTATION OF CLOUD COMPUTING TO REDUCE ADMINISTRATIVE OVERHEAD AND IMPROVED BUSINESS EFFICIENCY FOR SMES 135
TABLE 75 SMES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 136
TABLE 76 SMES: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 136
9 CLOUD COMPUTING MARKET, BY VERTICAL 137
9.1 INTRODUCTION 138
FIGURE 40 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD 138
9.1.1 VERTICALS: CLOUD COMPUTING MARKET DRIVERS 138
TABLE 77 CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 139
TABLE 78 CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 139
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 140
9.2.1 NEED TO DECREASE EXPENSES, ENCOURAGE INNOVATION, AND INCREASE FLEXIBILITY 140
9.2.2 BFSI: APPLICATION AREAS 140
TABLE 79 BFSI: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 141
TABLE 80 BFSI: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 141
9.2.2.1 Core banking systems 141
9.2.2.2 Online & mobile banking 142
9.2.2.3 Risk management & compliance 142
9.2.2.4 Other BFSI services 142
9.3 ENERGY & UTILITIES 143
9.3.1 ADDRESSING ISSUES RELATED TO CRUDE OIL, STORAGE, AND TRANSPORTATION 143
9.3.2 ENERGY & UTILITIES: APPLICATION AREAS 143
TABLE 81 ENERGY & UTILITIES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 143
TABLE 82 ENERGY & UTILITIES: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 144
9.3.2.1 Smart grid management 144
9.3.2.2 Energy monitoring & management 144
9.3.2.3 Renewable energy forecasting 145
9.3.2.4 Other energy & utility services 145
9.4 GOVERNMENT & PUBLIC SECTOR 145
9.4.1 NEED FOR GOVERNMENT AGENCIES TO GAIN GREATER VISIBILITY AND FASTER DATA ANALYSIS TO DRIVE MARKET 145
9.4.2 GOVERNMENT & PUBLIC SECTOR: APPLICATION AREAS 146
TABLE 83 GOVERNMENT & PUBLIC SECTOR: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 146
TABLE 84 GOVERNMENT & PUBLIC SECTOR: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 147
9.4.2.1 Government infrastructure migration 147
9.4.2.2 Digital government & e-government services 147
9.4.2.3 Open data & transparency 147
9.4.2.4 Other government & public sector services 148
9.5 TELECOMMUNICATIONS 148
9.5.1 DEMAND FOR GREATER NETWORK REACH ACROSS TELECOM PROVIDERS 148
9.5.2 TELECOMMUNICATIONS: APPLICATION AREAS 149
TABLE 85 TELECOMMUNICATIONS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 149
TABLE 86 TELECOMMUNICATIONS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 149
9.5.2.1 Network function virtualization (NFV) 149
9.5.2.2 Software-defined networking (SDN) 150
9.5.2.3 Edge computing 150
9.5.2.4 Other telecommunication services 151
9.6 IT & ITES 151
9.6.1 INVESTMENT IN NEW TECHNOLOGIES TO SPUR INNOVATION AND ATTRACT CONSUMERS 151
9.6.2 IT & ITES: APPLICATION AREAS 151
TABLE 87 IT & ITES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 152
TABLE 88 IT & ITES: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 152
9.6.2.1 DevOps 152
9.6.2.2 Big data & analytics 153
9.6.2.3 IT security & compliance 153
9.6.2.4 Other IT & ITeS services 153
9.7 RETAIL & CONSUMER GOODS 154
9.7.1 DEMAND FOR BETTER STORAGE, BACKUP, AND SECURITY SERVICES 154
9.7.2 RETAIL & CONSUMER GOODS: APPLICATION AREAS 155
TABLE 89 RETAIL & CONSUMER GOODS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 155
TABLE 90 RETAIL & CONSUMER GOODS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 155
9.7.2.1 eCommerce & online marketplaces 156
9.7.2.2 Customer relationship management (CRM) 156
9.7.2.3 Point of sale (PoS) systems 156
9.7.2.4 Other retail & consumer goods services 157
9.8 MANUFACTURING 157
9.8.1 SEAMLESS DATA MANAGEMENT AND REAL-TIME VISIBILITY OFFERED BY CLOUD COMPUTING SERVICES 157
9.8.2 MANUFACTURING: APPLICATION AREAS 157
TABLE 91 MANUFACTURING: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 158
TABLE 92 MANUFACTURING: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 158
9.8.2.1 Supply chain management 159
9.8.2.2 Product lifecycle management 159
9.8.2.3 Manufacturing execution systems (MES) 159
9.8.2.4 Other manufacturing services 159
9.9 MEDIA & ENTERTAINMENT 160
9.9.1 HYBRID OR MULTI-CLOUD DEPLOYMENTS TO ALLOW WORKLOADS TO BE SHIFTED ACROSS PUBLIC AND PRIVATE INFRASTRUCTURES 160
9.9.2 MEDIA & ENTERTAINMENT: APPLICATION AREAS 160
TABLE 93 MEDIA & ENTERTAINMENT: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 161
TABLE 94 MEDIA & ENTERTAINMENT: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 161
9.9.2.1 Content storage & distribution 161
9.9.2.2 Media streaming 162
9.9.2.3 Content production & post-production 162
9.9.2.4 Other media & entertainment services 162
9.10 HEALTHCARE & LIFE SCIENCES 162
9.10.1 INCREASED FOCUS ON MANAGING PATIENTS’ RECORDS 162
9.10.2 HEALTHCARE & LIFE SCIENCES: APPLICATION AREAS 163
TABLE 95 HEALTHCARE & LIFE SCIENCES: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 163
TABLE 96 HEALTHCARE & LIFE SCIENCES: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 164
9.10.2.1 Electronic health records (EHRs) 164
9.10.2.2 Telemedicine & remote patient monitoring 164
9.10.2.3 Genomic sequencing & bioinformatics 164
9.10.2.4 Other healthcare & life science services 165
9.11 OTHER VERTICALS 165
TABLE 97 OTHER VERTICALS: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 165
TABLE 98 OTHER VERTICALS: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 166
10 CLOUD COMPUTING MARKET, BY REGION 167
10.1 INTRODUCTION 168
FIGURE 41 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 168
TABLE 99 CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 168
TABLE 100 CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 169
10.2 NORTH AMERICA 169
10.2.1 NORTH AMERICA: CLOUD COMPUTING MARKET DRIVERS 169
10.2.2 NORTH AMERICA: RECESSION IMPACT 170
FIGURE 42 NORTH AMERICA: MARKET SNAPSHOT 171
TABLE 101 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 171
TABLE 102 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 172
TABLE 103 NORTH AMERICA: CLOUD COMPUTING MARKET, BY IAAS, 2018–2022 (USD BILLION) 172
TABLE 104 NORTH AMERICA: CLOUD COMPUTING MARKET, BY IAAS, 2023–2028 (USD BILLION) 172
TABLE 105 NORTH AMERICA: CLOUD COMPUTING MARKET, BY PAAS, 2018–2022 (USD BILLION) 173
TABLE 106 NORTH AMERICA: CLOUD COMPUTING MARKET, BY PAAS, 2023–2028 (USD BILLION) 173
TABLE 107 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SAAS, 2018–2022 (USD BILLION) 173
TABLE 108 NORTH AMERICA: CLOUD COMPUTING MARKET, BY SAAS, 2023–2028 (USD BILLION) 174
TABLE 109 NORTH AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 174
TABLE 110 NORTH AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 174
TABLE 111 NORTH AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 175
TABLE 112 NORTH AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 175
TABLE 113 NORTH AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 175
TABLE 114 NORTH AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 176
TABLE 115 NORTH AMERICA: CLOUD COMPUTING MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 176
TABLE 116 NORTH AMERICA: CLOUD COMPUTING MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 176
10.2.3 US 177
10.2.3.1 Presence of several cloud computing providers to drive market 177
TABLE 117 US: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 177
TABLE 118 US: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 177
TABLE 119 US: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 178
TABLE 120 US: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 178
10.2.4 CANADA 178
10.2.4.1 Presence of knowledgeable and skilled workforce to boost market 178
TABLE 121 CANADA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 179
TABLE 122 CANADA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 179
TABLE 123 CANADA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 179
TABLE 124 CANADA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 179
10.3 EUROPE 180
10.3.1 EUROPE: CLOUD COMPUTING MARKET DRIVERS 180
10.3.2 EUROPE: RECESSION IMPACT 180
TABLE 125 EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 181
TABLE 126 EUROPE: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 181
TABLE 127 EUROPE: CLOUD COMPUTING MARKET, BY IAAS, 2018–2022 (USD BILLION) 181
TABLE 128 EUROPE: CLOUD COMPUTING MARKET, BY IAAS, 2023–2028 (USD BILLION) 182
TABLE 129 EUROPE: CLOUD COMPUTING MARKET, BY PAAS, 2018–2022 (USD BILLION) 182
TABLE 130 EUROPE: CLOUD COMPUTING MARKET, BY PAAS, 2023–2028 (USD BILLION) 182
TABLE 131 EUROPE: CLOUD COMPUTING MARKET, BY SAAS, 2018–2022 (USD BILLION) 183
TABLE 132 EUROPE: CLOUD COMPUTING MARKET, BY SAAS, 2023–2028 (USD BILLION) 183
TABLE 133 EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 183
TABLE 134 EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 184
TABLE 135 EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 184
TABLE 136 EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 184
TABLE 137 EUROPE: CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 185
TABLE 138 EUROPE: CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 185
TABLE 139 EUROPE: CLOUD COMPUTING MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 186
TABLE 140 EUROPE: CLOUD COMPUTING MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 186
10.3.3 UK 186
10.3.3.1 Increase in digitalization and rapid surge in mobile devices to accelerate market growth 186
TABLE 141 UK: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 187
TABLE 142 UK: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 187
TABLE 143 UK: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 187
TABLE 144 UK: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 187
10.3.4 GERMANY 188
10.3.4.1 Need for data governance and high levels of security to fuel market growth 188
TABLE 145 GERMANY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 188
TABLE 146 GERMANY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 188
TABLE 147 GERMANY: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 189
TABLE 148 GERMANY: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 189
10.3.5 FRANCE 189
10.3.5.1 Increase in expansion of cloud-based businesses to drive market 189
TABLE 149 FRANCE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 190
TABLE 150 FRANCE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 190
TABLE 151 FRANCE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 190
TABLE 152 FRANCE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 190
10.3.6 SPAIN 191
10.3.6.1 Expansion plans and road maps of “hyper scalars” to drive market 191
TABLE 153 SPAIN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 191
TABLE 154 SPAIN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 191
TABLE 155 SPAIN: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 192
TABLE 156 SPAIN: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 192
10.3.7 ITALY 192
10.3.7.1 Smart city initiatives and digital transformation to fuel market growth 192
TABLE 157 ITALY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 193
TABLE 158 ITALY: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 193
TABLE 159 ITALY: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 193
TABLE 160 ITALY: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 193
10.3.8 NETHERLANDS 194
10.3.8.1 Increase in focus on international trade and favorable regulations to boost market 194
TABLE 161 NETHERLANDS: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 194
TABLE 162 NETHERLANDS: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 194
TABLE 163 NETHERLANDS: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 195
TABLE 164 NETHERLANDS: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 195
10.3.9 REST OF EUROPE 195
TABLE 165 REST OF EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 196
TABLE 166 REST OF EUROPE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 196
TABLE 167 REST OF EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 196
TABLE 168 REST OF EUROPE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 197
10.4 ASIA PACIFIC 197
10.4.1 ASIA PACIFIC: CLOUD COMPUTING MARKET DRIVERS 197
10.4.2 ASIA PACIFIC: RECESSION IMPACT 197
FIGURE 43 ASIA PACIFIC: REGIONAL SNAPSHOT 198
TABLE 169 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 199
TABLE 170 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 199
TABLE 171 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY IAAS, 2018–2022 (USD BILLION) 199
TABLE 172 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY IAAS, 2023–2028 (USD BILLION) 200
TABLE 173 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY PAAS, 2018–2022 (USD BILLION) 200
TABLE 174 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY PAAS, 2023–2028 (USD BILLION) 200
TABLE 175 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY SAAS, 2018–2022 (USD BILLION) 201
TABLE 176 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY SAAS, 2023–2028 (USD BILLION) 201
TABLE 177 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 201
TABLE 178 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 202
TABLE 179 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 202
TABLE 180 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 202
TABLE 181 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 203
TABLE 182 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 203
TABLE 183 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 204
TABLE 184 ASIA PACIFIC: CLOUD COMPUTING MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 204
10.4.3 CHINA 205
10.4.3.1 Low costs and enhanced business efficiencies to boost demand for cloud-based technologies 205
TABLE 185 CHINA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 205
TABLE 186 CHINA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 205
TABLE 187 CHINA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 206
TABLE 188 CHINA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 206
10.4.4 JAPAN 206
10.4.4.1 High involvement of SMEs in cloud adoption to drive market 206
TABLE 189 JAPAN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 207
TABLE 190 JAPAN: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 207
TABLE 191 JAPAN: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 207
TABLE 192 JAPAN: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 208
10.4.5 AUSTRALIA 208
10.4.5.1 Rapid technological advancements and high degree of R&D to foster market growth 208
TABLE 193 AUSTRALIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 208
TABLE 194 AUSTRALIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 209
TABLE 195 AUSTRALIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 209
TABLE 196 AUSTRALIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 209
10.4.6 SINGAPORE 210
10.4.6.1 Balanced approach to protecting personal information and facilitating innovation to accelerate market growth 210
TABLE 197 SINGAPORE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 210
TABLE 198 SINGAPORE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 210
TABLE 199 SINGAPORE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 211
TABLE 200 SINGAPORE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 211
10.4.7 INDIA 211
10.4.7.1 Broad customer base and rapid adoption of new technologies to drive market 211
TABLE 201 INDIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 212
TABLE 202 INDIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 212
TABLE 203 INDIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 212
TABLE 204 INDIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 212
10.4.8 SOUTH KOREA 213
10.4.8.1 Increasing number of vendors and attractive kick-start packages to accelerate market growth 213
TABLE 205 SOUTH KOREA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 213
TABLE 206 SOUTH KOREA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 213
TABLE 207 SOUTH KOREA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 214
TABLE 208 SOUTH KOREA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 214
10.4.9 REST OF ASIA PACIFIC 214
TABLE 209 REST OF ASIA PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 215
TABLE 210 REST OF ASIA PACIFIC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 215
TABLE 211 REST OF ASIA PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 215
TABLE 212 REST OF ASIA PACIFIC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 215
10.5 MIDDLE EAST & AFRICA 216
10.5.1 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET DRIVERS 217
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 217
TABLE 213 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 218
TABLE 214 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 218
TABLE 215 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY IAAS, 2018–2022 (USD BILLION) 218
TABLE 216 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY IAAS, 2023–2028 (USD BILLION) 219
TABLE 217 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY PAAS, 2018–2022 (USD BILLION) 219
TABLE 218 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY PAAS, 2023–2028 (USD BILLION) 219
TABLE 219 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SAAS, 2018–2022 (USD BILLION) 220
TABLE 220 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY SAAS, 2023–2028 (USD BILLION) 220
TABLE 221 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 220
TABLE 222 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 221
TABLE 223 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 221
TABLE 224 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 221
TABLE 225 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 222
TABLE 226 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 222
TABLE 227 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 223
TABLE 228 MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 223
10.5.3 GULF CORPORATION COUNCIL (GCC) 223
10.5.3.1 Quick IT resource deployment, low-cost storage services, and resource monitoring to drive adoption of cloud computing 223
TABLE 229 GCC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 224
TABLE 230 GCC: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 224
TABLE 231 GCC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 224
TABLE 232 GCC: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 224
TABLE 233 GCC: CLOUD COMPUTING MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 225
TABLE 234 GCC: CLOUD COMPUTING MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 225
10.5.3.2 Saudi Arabia 225
10.5.3.3 Large mobile workforce and growing economy to drive market 225
TABLE 235 SAUDI ARABIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 226
TABLE 236 SAUDI ARABIA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 226
TABLE 237 SAUDI ARABIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 226
TABLE 238 SAUDI ARABIA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 227
10.5.3.4 UAE 227
10.5.3.4.1 Rising digital transformation to propel market 227
TABLE 239 UAE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 227
TABLE 240 UAE: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 228
TABLE 241 UAE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 228
TABLE 242 UAE: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 228
10.5.3.5 Qatar 229
10.5.3.5.1 Increase in government investments and economic development to accelerate market growth 229
TABLE 243 QATAR: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 229
TABLE 244 QATAR: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 229
TABLE 245 QATAR: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 230
TABLE 246 QATAR: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 230
10.5.3.6 Rest of GCC countries 230
TABLE 247 REST OF GCC COUNTRIES: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 231
TABLE 248 REST OF GCC COUNTRIES: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 231
TABLE 249 REST OF GCC COUNTRIES: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 231
TABLE 250 REST OF GCC COUNTRIES: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 231
10.5.4 SOUTH AFRICA 232
10.5.4.1 High adoption of cloud services by startups due to low costs and operational benefits to propel market 232
TABLE 251 SOUTH AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 232
TABLE 252 SOUTH AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 232
TABLE 253 SOUTH AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 233
TABLE 254 SOUTH AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 233
10.5.5 REST OF MIDDLE EAST & AFRICA 233
TABLE 255 REST OF MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 234
TABLE 256 REST OF MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 234
TABLE 257 REST OF MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 234
TABLE 258 REST OF MIDDLE EAST & AFRICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 234
10.6 LATIN AMERICA 235
10.6.1 LATIN AMERICA: CLOUD COMPUTING MARKET DRIVERS 235
10.6.2 LATIN AMERICA: RECESSION IMPACT 236
TABLE 259 LATIN AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 236
TABLE 260 LATIN AMERICA: CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 236
TABLE 261 LATIN AMERICA: CLOUD COMPUTING MARKET, BY IAAS, 2018–2022 (USD BILLION) 237
TABLE 262 LATIN AMERICA: CLOUD COMPUTING MARKET, BY IAAS, 2023–2028 (USD BILLION) 237
TABLE 263 LATIN AMERICA: CLOUD COMPUTING MARKET, BY PAAS, 2018–2022 (USD BILLION) 237
TABLE 264 LATIN AMERICA: CLOUD COMPUTING MARKET, BY PAAS, 2023–2028 (USD BILLION) 238
TABLE 265 LATIN AMERICA: CLOUD COMPUTING MARKET, BY SAAS, 2018–2022 (USD BILLION) 238
TABLE 266 LATIN AMERICA: CLOUD COMPUTING MARKET, BY SAAS, 2023–2028 (USD BILLION) 238
TABLE 267 LATIN AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 239
TABLE 268 LATIN AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 239
TABLE 269 LATIN AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 239
TABLE 270 LATIN AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 239
TABLE 271 LATIN AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 240
TABLE 272 LATIN AMERICA: CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 240
TABLE 273 LATIN AMERICA: CLOUD COMPUTING MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 241
TABLE 274 LATIN AMERICA: CLOUD COMPUTING MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 241
10.6.3 BRAZIL 241
10.6.3.1 Need to modernize infrastructure and greater speed in catering to business demands to boost market 241
TABLE 275 BRAZIL: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 242
TABLE 276 BRAZIL: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 242
TABLE 277 BRAZIL: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 242
TABLE 278 BRAZIL: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 243
10.6.4 MEXICO 243
10.6.4.1 Need to enhance employee experience and increase organizational productivity to drive market 243
TABLE 279 MEXICO: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 244
TABLE 280 MEXICO: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 244
TABLE 281 MEXICO: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 244
TABLE 282 MEXICO: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 244
10.6.5 REST OF LATIN AMERICA 245
TABLE 283 LATIN AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 245
TABLE 284 LATIN AMERICA: CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 246
TABLE 285 LATIN AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 246
TABLE 286 LATIN AMERICA: CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 246
11 COMPETITIVE LANDSCAPE 247
11.1 OVERVIEW 247
11.2 KEY PLAYERS STRATEGIES/RIGHT TO WIN 247
FIGURE 44 OVERVIEW OF STRATEGIES ADOPTED BY KEY CLOUD COMPUTING VENDORS 247
11.3 REVENUE ANALYSIS 248
FIGURE 45 HISTORICAL FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF KEY CLOUD COMPUTING PROVIDERS 248
11.4 MARKET SHARE ANALYSIS 249
FIGURE 46 MARKET SHARE ANALYSIS, 2022 249
TABLE 287 CLOUD COMPUTING MARKET: DEGREE OF COMPETITION 250
11.5 PRODUCT/BRAND COMPARISON 250
TABLE 288 BRANDS COMPARISON/VENDOR PRODUCT LANDSCAPE 250
11.6 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 254
FIGURE 47 CLOUD COMPUTING MARKET: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 254
11.7 COMPANY EVALUATION MATRIX 255
FIGURE 48 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE 255
11.7.1 STARS 256
11.7.2 EMERGING LEADERS 256
11.7.3 PERVASIVE PLAYERS 256
11.7.4 PARTICIPANTS 256
FIGURE 49 COMPANY EVALUATION MATRIX 257
11.7.5 COMPANY FOOTPRINT 257
TABLE 289 COMPANY REGION FOOTPRINT 257
TABLE 290 COMPANY SERVICE MODEL FOOTPRINT 258
TABLE 291 COMPANY DEPLOYMENT MODEL FOOTPRINT 258
TABLE 292 COMPANY VERTICAL FOOTPRINT 259
TABLE 293 COMPANY FOOTPRINT 259
11.8 STARTUP/SME EVALUATION MATRIX 260
FIGURE 50 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE 260
FIGURE 51 STARTUP/SME EVALUATION MATRIX 261
11.8.1 PROGRESSIVE COMPANIES 261
11.8.2 RESPONSIVE VENDORS 261
11.8.3 DYNAMIC COMPANIES 262
11.8.4 STARTING BLOCKS 262
11.8.5 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 262
TABLE 294 CLOUD COMPUTING MARKET: DETAILED LIST OF KEY STARTUPS/SMES 262
TABLE 295 STARTUP/SME FOOTPRINT, BY REGION 263
TABLE 296 STARTUP/SME FOOTPRINT, BY SERVICE 263
TABLE 297 STARTUP/SME FOOTPRINT 264
11.9 COMPANY FINANCIAL METRICS 264
FIGURE 52 VALUATION AND FINANCIAL METRICS OF CLOUD COMPUTING VENDORS 264
11.10 KEY MARKET DEVELOPMENTS 265
11.10.1 PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS 265
TABLE 298 CLOUD COMPUTING MARKET: PRODUCT LAUNCHES 265
11.10.2 DEALS 267
TABLE 299 CLOUD COMPUTING MARKET: DEALS 267
12 COMPANY PROFILES 269
12.1 INTRODUCTION 269
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
12.2 KEY PLAYERS 269
12.2.1 AWS 269
TABLE 300 AWS: COMPANY OVERVIEW 269
FIGURE 53 AWS: COMPANY SNAPSHOT 270
TABLE 301 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 302 AWS: PRODUCT LAUNCHES 271
TABLE 303 AWS: DEALS 272
12.2.2 MICROSOFT 274
TABLE 304 MICROSOFT: COMPANY OVERVIEW 274
FIGURE 54 MICROSOFT: COMPANY SNAPSHOT 275
TABLE 305 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 275
TABLE 306 MICROSOFT: PRODUCT LAUNCHES 276
TABLE 307 MICROSOFT: DEALS 277
12.2.3 GOOGLE 279
TABLE 308 GOOGLE: COMPANY OVERVIEW 279
FIGURE 55 GOOGLE: COMPANY SNAPSHOT 280
TABLE 309 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 280
TABLE 310 GOOGLE: PRODUCT LAUNCHES 281
TABLE 311 GOOGLE: DEALS 281
12.2.4 ALIBABA CLOUD 284
TABLE 312 ALIBABA CLOUD: COMPANY OVERVIEW 284
FIGURE 56 ALIBABA CLOUD: COMPANY SNAPSHOT 284
TABLE 313 ALIBABA CLOUD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 285
TABLE 314 ALIBABA CLOUD: PRODUCT LAUNCHES 285
TABLE 315 ALIBABA CLOUD: DEALS 286
12.2.5 IBM 288
TABLE 316 IBM: COMPANY OVERVIEW 288
FIGURE 57 IBM: COMPANY SNAPSHOT 289
TABLE 317 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 290
TABLE 318 IBM: PRODUCT LAUNCHES 290
TABLE 319 IBM: DEALS 291
12.2.6 SALESFORCE 293
TABLE 320 SALESFORCE: COMPANY OVERVIEW 293
FIGURE 58 SALESFORCE: COMPANY SNAPSHOT 294
TABLE 321 SALESFORCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 295
TABLE 322 SALESFORCE: PRODUCT LAUNCHES 295
TABLE 323 SALESFORCE: DEALS 296
12.2.7 ORACLE 297
TABLE 324 ORACLE: COMPANY OVERVIEW 297
FIGURE 59 ORACLE: COMPANY SNAPSHOT 298
TABLE 325 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 299
TABLE 326 ORACLE: PRODUCT LAUNCHES 300
TABLE 327 ORACLE: DEALS 300
12.2.8 SAP 302
TABLE 328 SAP: COMPANY OVERVIEW 302
FIGURE 60 SAP: COMPANY SNAPSHOT 303
TABLE 329 SAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 304
TABLE 330 SAP: PRODUCT LAUNCHES 304
TABLE 331 SAP: DEALS 305
12.2.9 ADOBE 306
TABLE 332 ADOBE: COMPANY OVERVIEW 306
FIGURE 61 ADOBE: COMPANY SNAPSHOT 307
TABLE 333 ADOBE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 307
TABLE 334 ADOBE: PRODUCT LAUNCHES 308
TABLE 335 ADOBE: DEALS 309
12.2.10 TENCENT CLOUD 310
TABLE 336 TENCENT CLOUD: COMPANY OVERVIEW 310
FIGURE 62 TENCENT CLOUD: COMPANY SNAPSHOT 311
TABLE 337 TENCENT CLOUD: PRODUCT/SOLUTIONS/SERVICES OFFERED 311
TABLE 338 TENCENT CLOUD: PRODUCT LAUNCHES 312
TABLE 339 TENCENT CLOUD: DEALS 312
12.3 OTHER PLAYERS 314
12.3.1 WORKDAY 314
12.3.2 FUJITSU 315
12.3.3 VMWARE 315
12.3.4 RACKSPACE 316
12.3.5 DXC 316
12.3.6 NEC 317
12.3.7 JOYENT 317
12.3.8 DIGITALOCEAN 318
12.3.9 SKYTAP 319
12.3.10 OVH 320
12.3.11 NAVISITE 320
12.3.12 CENTURYLINK 321
12.3.13 INFOR 321
12.3.14 SAGE 322
12.3.15 INTUIT 322
12.3.16 OPENTEXT 323
12.3.17 CISCO 323
12.3.18 BOX 324
12.3.19 ZOHO 324
12.3.20 CITRIX 325
12.3.21 EPICOR 325
12.3.22 UPLAND SOFTWARE 326
12.3.23 SERVICENOW 326
12.3.24 IFS 327
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.4 STARTUPS/SMES 328
12.4.1 APP MAISTERS 328
12.4.2 ZYMR 329
12.4.3 JDV TECHNOLOGIES 330
12.4.4 TUDIP TECHNOLOGIES 331
12.4.5 VISARTECH 332
12.4.6 CLOUDFLEX 333
12.4.7 CLOUDWAYS 334
12.4.8 VULTR 334
12.4.9 PCLOUD 335
13 ADJACENT AND RELATED MARKETS 336
13.1 INTRODUCTION 336
13.1.1 RELATED MARKETS 336
13.2 EDGE COMPUTING MARKET 336
TABLE 340 EDGE COMPUTING MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 336
TABLE 341 EDGE COMPUTING MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 337
13.3 CLOUD APPLICATIONS MARKET 337
TABLE 342 CLOUD APPLICATIONS MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 337
13.4 FINANCE CLOUD MARKET 338
TABLE 343 FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 338
TABLE 344 FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 338
14 APPENDIX 339
14.1 DISCUSSION GUIDE 339
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 343
14.3 CUSTOMIZATION OPTIONS 345
14.4 RELATED REPORTS 345
14.5 AUTHOR DETAILS 346