Le Lézard
Classified in: Science and technology, Covid-19 virus
Subject: SVY

Cloud Computing Market worth $832.1 billion by 2025 - Exclusive Report by MarketsandMarketstm


CHICAGO, Aug. 5, 2020 /PRNewswire/ --  According to a new market research report "Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public and Private), Organization Size, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarketstm, the global Cloud Computing Market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.

MarketsandMarkets

The flexibility and agility of cloud-based models would support the IT service needs of enterprises. The leading CSPs/hyperscalers?Microsoft, Alphabet, IBM, and AWS?are expected to increase their CAPEX primarily for data center expansion to support the increasing workload for their internal and external stakeholders. 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.

Browse in-depth TOC on "Cloud Computing Market"

360 ? Tables

75 ? Figures

320 ? Pages

Request for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234

The sudden shutdown of offices, schools, colleges, and physical retail stores has massively disrupted operations; this has led to an increase in the demand for digital workplace tools and services, such as Zoom, Slack, Blackboard, Lynda, Canvas, Google Classroom, AnyMeeting, and Moodle. AWS, Microsoft, and Google host and manage all applications in a public cloud environment. Increased spend on cloud services by select industries due to COVID-19. Industries, such as IT and ITeS, telecom, online retail/commerce, media, and BFSI, are expected to increase spending on cloud-based services to sustain their business. Highly regulated and cash-rich industries, such as BFSI, are also expected to move selective workloads to public cloud environments.

Growth of IaaS to be driven by increasing need of enterprises to shift enterprise workloads to cloud

The key features of IaaS include automated administrative tasks, dynamic scaling, platform virtualization, and network connectivity. The ever-changing business environment and customer demands encourage enterprises to increase their focus on their core business operations. 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.

Lower cost and increased security capabilities result in rising popularity of public cloud

The services offered over the public deployment model are either free or offered under a subscription model. The advantages of using the public cloud include simplicity and ease of deployment. Moreover, the initial investment required for the deployment is minimum, and there are no responsibilities involved in managing the infrastructure.

Speak to Research Expert:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=234

North America to dominate the global Cloud Computing Market in 2020

North America is a mature market in terms of cloud computing services adoption, owing to a large presence of enterprises with advanced IT infrastructure and the availability of technical expertise. BFSI, IT and telecommunications, and government and public sector verticals majorly adopt cloud computing services. As the benefits of adopting cloud computing services are becoming more evident, more companies are expected to implement cloud computing services. The US and Canada are the top countries contributing to the growth of Cloud Computing Market in North America.

The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the global Cloud Computing Market. The Cloud Computing Market includes major vendors, such as AWS (US), Microsoft (US), Google (US), Alibaba (China), SAP (Germany), IBM (US), Oracle (US), VMware (US), Rackspace (US), Salesforce (US), Adobe (US), CenturyLink (US), Fujitsu (Japan), Workday (US), Infor (US), Sage Group (UK), Intuit (US), Epicor (US), IFS (Sweden), ServiceNow (US), OpenText (US), Cisco (US), Box (US), Zoho (US), Citrix (US), Upland Software (US), DigitalOcean (US), Bluelock (US), OVH (France), Joyent (US), Skytap (US), Virtuestream (US), Tencent (China), DXC (US), NEC (Japan), and Navisite (US).

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

Related Reports:

Cloud Applications Market by Application (ERP, CRM, HCM, SCM, Content Management, BI and Analytics), Organization Size, Vertical (BFSI, Manufacturing, Government & Public Sector, and Telecommunications), and Region Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/cloud-applications-market-77759796.html

Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/cloud-infrastructure-services-market-116511247.html

About MarketsandMarketstm 

MarketsandMarketstm provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketstm for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarketstm are tracking global high growth markets following the "Growth Engagement Model ? GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketstm now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketstm is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/cloud-computing-market.asp  
Content Source: https://www.marketsandmarkets.com/PressReleases/cloud-computing-market.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 


These press releases may also interest you

at 14:39
Kimble Applications, the global leader in professional services automation (PSA), continues to lead the field in user adoption and return on investment. ...

at 14:32
Cirrus Link today announced the availability of the Electronic Flow Measurement (EFM) ABB Totalflow Module for the Ignition 7 and 8 platform by Inductive Automation. The Module is a protocol driver for the Ignition SCADA platform that communicates...

at 14:31
Li-ion batteries are starting to near their performance ceiling. Trade-offs are having to be made to increase energy density with the use of high nickel cathodes and high capacity anodes plagued by safety and life cycle problems. Innovation into new...

at 14:30
SoftwareReviews, a division of world-class IT research and consulting firm Info-Tech Research Group, has published its 2020 Enterprise Content Management Data Quadrant Awards, naming six vendors as Gold Medalists. The following vendors are leaders...

at 14:30
Along with global safety equipment manufacturer MSA Safety Incorporated's mission of protecting lives, staying agile and responsive to customer needs has been an unwavering focus for more than a century. Today, the company announced that their...

at 14:21
Columbus-based STARK Industries, LLC has contributed to a new exhibit at Space Center Houston, highlighting?how NASA continues?to innovate to overcome obstacles and benefit humanity during the COVID-19 pandemic. NASA's Jet Propulsion Laboratory in...



News published on 5 august 2020 at 12:30 and distributed by: