Public Cloud Market 2023-2032; Growth Forecast & Industry Share Report

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Public Cloud Market Regional Trend Growth
Forecast To 2032
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• Industry Insights

• Public Cloud Market is expected to register
  strong growth during 2032 owing to the budding
  deployment of IaaS and PaaS in SMEs. IaaS and
  PaaS deployment offers several benefits, such as
  saving time and resources, avoiding high
  investment, and offering third-party expertise.
• Moreover, the demand for IaaS is increasing as it
  assists companies in easily renting a
  computerized infrastructure from a remote
  location, thereby supporting their technological
  needs without massive investment. Besides,
  scalability, simplified disaster recovery, cost
  savings, staying up-to-date, and resource
  optimization are key benefits slated to increase
  the demand for the public cloud industry in the
  coming years.
• Public clouds are gaining strong traction
  recently, offering over 99 uptime and no risk of
  failure. As the overall cloud system connects
  several servers, during the failures the other
  server takes over the workload, ensuring smooth
  and constant performance for business-critical
  applications.

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• Based on the deployment model, the PaaS segment
  is slated to depict 15 CAGR between 2023-2032.
  Increasing deployment of PaaS empowers users to
  develop, run, and manage apps without building
  and maintaining the operations. Besides,
  advantages such as easy provisioning and resource
  management, quick deployment of various
  platforms, cost savings, fewer difficult setup
  and configuration steps, and less knowledge
  requirement will spur its adoption in the future.
• By organization size, the large enterprise
  segment is expected to grow considerably through
  2032. Increasing shift of large enterprises to
  public cloud application models as these
  enterprises have less-sensitive data that
  requires large storage space, will help the
  segment to grow in the future. Companies prefer
  public cloud for less-sensitive data, which is
  cost-effective and helps integrate innovative
  measures into business models.
• Considering the application, the BFSI industry
  held over 20 market share in 2022. The BFSI
  industry opts for public cloud as it strengthens
  business operations and increases customer
  relationships. In addition, the public cloud
  offers banking efficiency, improves customer data
  management, and provides more security with fraud
  detection features than traditional data
  management systems.

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• Regional Analysis

Asia Pacific public cloud market is anticipated
to exhibit over 15 CAGR through 2032. The
presence of leading market players that are
seeking collaborative efforts to enhance their
cloud storage services will positively influence
the regional outlook in the coming years.

• Competitive Analysis

• Microsoft Corporation, Amazon Web Services, Inc.,
  Google LLC., Salesforce, Inc., Alibaba Group
  Holding Limited, SAP SE, Oracle Corporation, IBM
  Corporation, Tencent Cloud

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