DUBLIN--(BUSINESS WIRE)--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
