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Global Cloud Computing Market - Ken Research

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Title: Global Cloud Computing Market - Ken Research


1
  • 5 Key Insights on US 1200 Bn Opportunity in
    Global Cloud Computing Market Ken Research
  • Driven by the integration of Big Data,
    Artificial Intelligence, and Machine Learning
    with cloud Spur the Market growth, the Global
    Cloud Computing Market is forecasted to Cross US
    1200 Bn by 2028 says Ken Research Study.
  • Cloud Computing is the online delivery of
    IT resources on-demand to consumers instead
    of purchasing, owning, and maintaining
    physical, and the payment of the resources
    is done consumption basis. Cloud services
    can either be public or private, yet these
    are typically delivered by third parties
    through various endpoints like websites,
    application software, and mobile apps. It
    provides three types of services SaaS, PaaS, and
    IaaS, where SaaS is leading the market as it
    is delivered with a fully digitalized
    business experience and the lifecycle of a
    fully automated service, that is designed for any
    carrier-grade network.
  • According to Ken Research estimates, the
    Global Cloud Computing Market which is
    estimated to be around US 450 Bn by 2022 and is
    expected to grow further into a more than US
    1200 Bn opportunity by 2028 with a CAGR of 15 -
    Ken Research shares 5 key insights on this high
    opportunity market from its latest research
    study
  • Request For Sample Report
    _at_ https//www.kenresearch.com/samp
    le- report.php?FrmdetailsNTk2MDE0
  • Cloud Computing Market is Driven by Active
    Embrace of this Technology by User Business
    Organizations and Introduction of New Cloud
    Solutions by Vendors.
  • Several businesses are embracing cloud
    computing services to develop and progress
    their existing business model by
    engaging in various growth strategies
    including partnerships, investments, alliances,
    and acquisitions. Cloud computing services
    also make it easier to track, compare, and
    evaluate business activities and make sure
    that corporate operations are by client requests.
    Many businesses are investing in big data, IoT,
    artificial intelligence, and 5G technologies to
    obtain important business insights for
    decision-making. There are many new
    opportunities for companies to progress as
    a result of the increasing demand for
    analytics and big data technologies in the
    cloud computing market.
  • Key vendors in the cloud computing market
    focus on introducing new cloud solutions,
    services, and workloads and upgrading of
    capabilities of their current offerings to
    strengthen their foothold in the market. To
    improve their market position and cloud
    capabilities, vendors often take part in mergers
    and acquisitions. In October 2020, SAP SE
    announced that it had reached a deal to
    buy Omni channel customer interaction
    platform vendor Emarsys. Through the
    purchase, SAP SE was able to integrate the
    Emarsys customer interaction platform with
    its Experience Management and S/4HANA
    technologies. SAP Customer Experience solutions
    would be able to activate the chosen channel of
    the customer with a pertinent and
    constantly tailored message thanks to

2
Emarsys technology, linking commerce
customers to select their interactions.
signals
with
the back
office
and allowing
Global Cloud Computing Market Revenue Forecast, 2022-2028
US 1200 Bn US 450 Bn 2022E 2028F
Source Ken Research Analysis
  • The Adoption of Cloud Computing in India,
    China, Brazil, and Africa Account for the
    Growth of the Market.
  • The adoption of cloud-based solutions in
    developing economies such as India, China,
    Brazil, and Africa is expected to drive
    market growth in the near future. As
    developing economies, these countries require
    cost-effective infrastructural solutions due
    to a lack of adequate technologies and
    finance. By utilizing cloud solutions,
    developing nations have managed to reduce their
    IT expenditures during the COVID-19 pandemic
    situation. Organizations are fully able to
    utilize on-demand, scalable cloud models to
    achieve cost- effectiveness and business
    continuity to accelerate their aims for
    digital business transformation. In April
    2022, China Internet Watch, a leading
    digital publication on Chinas internet
    statistics, trends predicted that the cloud
    infrastructure services spend in 2021 in China
    was US 27 Bn, and it is expected to reach US 85
    Bn by 2026.

3
Chinas Cloud Infrastructure Services Spend Forecast (US Bn), 2021-2026 Chinas Cloud Infrastructure Services Spend Forecast (US Bn), 2021-2026 Chinas Cloud Infrastructure Services Spend Forecast (US Bn), 2021-2026 Chinas Cloud Infrastructure Services Spend Forecast (US Bn), 2021-2026 Chinas Cloud Infrastructure Services Spend Forecast (US Bn), 2021-2026 Chinas Cloud Infrastructure Services Spend Forecast (US Bn), 2021-2026
85
71
60
47
35
27
2021 2022 2023 2024 2025 2026
Source China Internet Watch, Ken Research Analysis Source China Internet Watch, Ken Research Analysis Source China Internet Watch, Ken Research Analysis Source China Internet Watch, Ken Research Analysis Source China Internet Watch, Ken Research Analysis Source China Internet Watch, Ken Research Analysis
Source U.S. Food and Drug Administration (FDA),
Ken Research Analysis
  • Critical Data Loss and Corporate Operations Being
    Damaged By Cyberattacks.
  • Cloud computing services assist businesses
    in increasing operational effectiveness and
    cutting expenses. Additionally, these
    services have several benefits, such as
    flexibility, scalability, and agility. The
    data stored in the cloud is highly exposed
    to breaches and leaks despite high-security
    precautions. The amount of data being
    produced is growing, and businesses are
    starting to take more steps toward digital
    transformation. Enterprise data is exposed
    to risk from cyberattacks like Spectre,
    Meltdown, cloud malware injection assaults,
    account or service hijacking, and man-
    in-the-cloud attacks. Threats like these pose a
    severe challenge for market growth.
  • In August 2021, Deloitte Risk Financial
    Advisory acquired the cybersecurity firm, to
    increase cyber resilience and regulatory
    compliance.
  • In 2022, Vendor Teradata the popular
    Relational Database Management System mainly
    suitable for building large-scale data
    warehousing applications, conducted a cloud
    analytics survey that reveals that 46 of
    those reviewed signified more security with no
    cloud computing challenge.
  • The Hybrid Cloud Segment is the most
    Preferable Cloud Deployment Model During the
    Forecast Period.
  • The hybrid model has been the widely used
    organized approach across major industries.
    Hybrid cloud models are increasingly being
    prioritized by many companies to maximize
    advantages while enhancing company
    operations, resource consumption, cost-
    effectiveness, user experience, and application
    modernization.

4
  • Hybrid cloud solutions help organizations
    avoid making efficiency-related security
    concessions by distributing an application,
    data processing, and computing to external
    clouds while retaining key workloads on-premises.
  • In May 2022, IBM joined hands with Amazon Web
    Services, a subsidiary of Amazon that provides
    on-demand cloud computing platforms. The
    company focused on offering a broad array
    of its software catalog as
    Software-as-a-Service (SaaS). Through this
    collaboration, IBM aims to provide the
    ability to choose the hybrid cloud model
    that works best for their own needs and workloads.

Order of Preference of Deployment Modes Among
Users of Cloud Computing, 2021
Hybrid Private Public
Hybrid Private Public
Source Ken Research Analysis
  • 5. North Americas Early Adoption of
    Next-generation Cloud Technologies is
    Responsible for its Dominant Share in the Market.
  • North America dominated the global cloud
    computing market due to the rising adoption of
    cloud solutions from various end-user
    industries to facilitate the cloud computing
    market growth in this region over the
    forecast period. Companies in the USA
    place a strong emphasis on digital
    transformation and are frequently regarded as
    early adopters of next-generation technologies
    such as the IoT, additive manufacturing,
    big data analytics, connected industries,
    AI, AR, ML, and VR, as well as
    the latest telecommunication technologies
    such as 5G, and Wi-Fi 6. The ongoing use
    of cutting- edge technology by businesses in
    the USA bodes well for growth. The
    presence of numerous vendors such as
    Microsoft Corporation, Oracle Corporation,
    Amazon.com Inc., and IBM Corporation and the
    higher propensity to adopt new technologies
    are expected to help this region maintain its
    position in the market.

5
  • In February 2022, AWS and Rackspace
    Technology have jointly launched over 1,000
    cloud projects enabling clients to fundamentally
    change how their businesses work. This agreement
    continues the commitment of both companies
    together to provide a full stack of cloud
    services to assist customers with becoming
    cloud-first businesses to accelerate their
    digital transformation, innovate faster and
    create value.

Global Cloud Com puting Market Share by Region,
2021
North America Europe Asia Pacific LAMEA
Source Ken Research Analysis
  • Key Topics Covered in the Report
  • Snapshot of Global Cloud Computing Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Cloud
    Computing Market
  • Historic Growth of Overall Global Cloud Computing
    Market and Segments
  • Competition Scenario of the Market and Key
    Developments of Competitors
  • Porters 5 Forces Analysis of Global Cloud
    Computing Industry
  • Overview, Product Offerings, and SWOT Analysis of
    Key Competitors
  • Covid 19 Impact on the Overall Global Cloud
    Computing Market
  • Future Market Forecast and Growth Rates of the
    Total Global Cloud Computing Market and by
    Segments
  • Market Size of Application / End User Segments
    with Historical CAGR and Future Forecasts
  • Analysis of Cloud Computing Market
  • Major Production / Consumption Hubs in the Major
    within Each Region
  • Major Production/Supply and Consumption/Demand
    Hubs within Each Major Country

6
  • Major Country-wise Historic and Future Market
    Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies
    within Each Region
  • Leading Companies Mentioned in the Report
  • Microsoft Corporation
  • Amazon Web Services
  • Salesforce. Com, Inc.
  • Oracle Corporation
  • Systems, Application Products in Data
    Processing
  • Google LLC
  • Workday Inc.
  • Adobe System Incorporation
  • International Business Machines
  • Alibaba Group Holding Limited
  • Virtual Machine Software
  • Hewlett Packard Enterprise
  • Notable Emerging Companies Mentioned in the
    Report

7
  • Investment Funds
  • Cloud Computing Research Organizations
  • Research Development Institutes
  • Cloud Computing Association
  • Time Period Captured in the Report
  • Historical Period 2017-2021
  • Forecast Period 2022E-2028F
  • For More Information on the Research Report,
    refer to below links
  • https//www.kenresearch.com/business-research/glob
    al-cloud-computing-market- outlook-2028/
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