Public Cloud Market Growth, Insights, Demand, Forecast to 2032

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Public Cloud Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Public Cloud Market Segments
The Business Research Company segments its
Public Cloud market report as
Business Process Services (BPaaS), Application
Infrastructure Services (PaaS), Application
Services, Management And Security Services,
Systems Infrastructure Services (IaaS),
Advertising
By Service
Hardware, Software
By Component
Small And Medium Enterprises, Large Enterprises
By Organization Size
Discrete Manufacturing, Professional Services,
Banking, Process Manufacturing, Retail, Other
End-Users
By End-User
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Public Cloud Market Statistics
The global public cloud market size is expected
to grow from 492.39 billion in 2022 to 588.53
billion in 2023 at a compound annual growth rate
(CAGR) of 19.5. The global public cloud market
size is expected to reach 1188.6 billion in 2027
at a CAGR of 19.2.
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Key Market Drivers And Trends
Drivers
The rising use of 5G technology is expected to
propel the growth of the public cloud market
going forward.
Trends
Technological advancements are a key trend
gaining popularity in public cloud market.
Region
North America was the largest region in the
public cloud market in 2022. The regions covered
in the global public cloud market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa
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Key Market Players

• Major players in the Public Cloud market are
• International Business Machines Corporation
• Amazon Web Services Inc
• Salesforce Inc
• Oracle Corporation
• Microsoft Corporation
• And more.

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