Cloud Computing Market
The Cloud Computing Market size is likely to expand at a CAGR of 19.6% during the forecast period. Cloud computing helps organizations use remote servers to manage, store, and process private data. The growing volume of data generated on websites and the increasing emphasis on providing customer-centric solutions in order to drive customer satisfaction will strengthen the market growth.
Cloud Computing Market Dynamics
The growth in the cloud computing market is driven by the increasing deployment of big data and accelerating penetration of internet and smart devices. Also, several industries across the nation are undergoing digital transformation, which is another factor fuelling the market growth. Further, as per the Cloud Computing Market report, the increasing adoption of 5G, Internet of Things, and Machine Learning with the growing use of real-time analytics by Artificial Intelligence will encourage the adoption of cloud technology among large enterprises.
The increasing adoption of Software as a Service, Infrastructure as a Service (SaaS), and Platform as a Service (Paas), especially among SMEs is another factor proliferating the market growth. Government across the developed and developing nations, is focussing on introducing initiatives and programs to encourage the adoption of innovative technologies across different industries. The UAE Government introduced digital initiatives and programs such as Digital Invoicing, Smart Dubai, and 5G to offer growth opportunities to the market. Moreover, organizations are mainly emphasizing on providing an outstanding experience to the customers, which is another major factor contributing to the Cloud Computing Market share.
The evolution of the coronavirus has introduced organizations with a new way of working. The drift towards work from home trend to manage business continuity, protect the well-being, and safety of workers has generated enormous opportunities for cloud services such as Software-as-a-Service (SaaS)-based collaboration solutions.
Market Segmentation
Cloud Computing Market by Service Model
· Infrastructure as a Service
· Platform as a Service
· Software as a Service
Cloud Computing Market by Deployment Model
· Public Cloud
· Private Cloud
· Hybrid Cloud
Cloud Computing Market by Organisation Size
· Small and Medium-Sized Enterprises
· Large Enterprises
Cloud Computing Market by Workload
· Storage, Backup, and Disaster Recovery
· Application Development and Testing
· Database Management
· Business Analytics
· Integration and Orchestration
· Enterprise Resource Management
· Collaboration and Content Management
Cloud Computing Market by Industry Vertical
· Banking, Financial Services and Insurance
· IT and Telecommunications
· Government and Public Sector
· Retail and Consumer Goods
· Manufacturing
· Energy and Utilities
· Media and Entertainment
· Healthcare and Life Sciences
· Others
Cloud Computing Market by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
For More Info:
Comments