Market For Cloud Computing

Market For Cloud Computing – Cloud computing is the provision of on-demand computing services over the Internet. These services include applications, servers, processing power, storage, databases, networks and analytics. For example, cloud storage allows businesses to save files to a remote database instead of storing them on a local storage device. Cloud computing is popular for many reasons, including scalability, cost savings, increased productivity, speed, efficiency, performance, and security. Typically, users only pay for the cloud services they actually use. This allows companies to easily adapt to their current needs without having to purchase additional infrastructure and hire expensive engineers. This helps to reduce operating costs and to operate the infrastructure more efficiently.

Public Cloud – Public cloud is a solution where a cloud provider provides customers with access to data center infrastructure. The seller is responsible for maintenance, management, security and various updates.

Market For Cloud Computing

Market For Cloud Computing

Private cloud – a private cloud is a solution where customers operate their own data center. The responsibility for managing, updating and securing the infrastructure rests with the customer, which may include leasing to third parties.

Current Research: Cloud Computing Market Extrapolated To Reach $623.3 Billion By 2023

IaaS (Infrastructure as a Service) – this is a cloud computing offering where the provider provides the customer with on-demand access to resources such as network, storage and servers. The customer runs its own applications and platforms within the infrastructure.

PaaS (Platform as a Service) – this is a cloud computing offering where the provider gives the customer access to a cloud environment to develop, manage and operate applications.

SaaS (Software as a Service) – this is a cloud-based computing offering where the provider provides the customer with access to cloud-based software.

Top cloud service providers include AWS and Microsoft Azure. Cloud Computing market size, Cloud Computing market share and other trends and statistics are below.

Chart: Amazon, Microsoft & Google Dominate Cloud Market

The chart shows the global cloud computing market size from 2018 to 2024 and cloud computing market share by deployment model. In 2020, the cloud computing industry was valued at $331 billion and is expected to grow by 23% in 2021. The market share of private cloud in 2020 is 22%, the market share of public cloud is 78%. Public Cloud consists of IaaS, PaaS, SaaS and other categories – Cloud Business Process Services, Cloud Management and Security Services and Desktop as a Service. Between 2018 and 2024, the cloud computing industry is expected to grow at an average annual rate of 18%.

The graph shows the Cloud Computing market share by service type from 2019 to 2022. The leading service in the cloud computing industry is SaaS with a 39.4% market share in cloud computing in 2021, followed by IaaS with a share of market by 20.9% and PaaS by 18.7%. , and Other categories with 21.0%. See the cloud computing market share chart and source for other cloud computing market share estimates here.

The graph shows the market share of Public Cloud Computing by vendor in 2019. This includes the market share of IaaS, PaaS, SaaS and their total combined share. The leading provider in the cloud computing industry was Amazon (AWS) with 18.4% cloud computing market share in 2019, followed by Microsoft with 12.4% market share, Salesforce with 4.3%, Google with 4.0 %, Alibaba with 3.1% and others with 57.8%. % market share. See the cloud computing market share chart and source for other cloud computing market share estimates here.

Market For Cloud Computing

The chart shows the Public Cloud Computing IaaS market share in 2019. The leading provider in the IaaS cloud computing industry was Amazon (AWS) with a 45.0% cloud computing market share in 2019, followed by Microsoft with a market share of 17.9% and Alibaba with 9.1%. %, Google with 5.3%, Tencent with 2.8% and others with 19.9% ​​market share. See the cloud computing market share chart and source for other cloud computing market share estimates here.

Cloud Computing Revenue In India To Exceed Us$16bn In 2024

The chart shows the Public Cloud Computing PaaS market share in 2019. The leading provider in the PaaS cloud computing industry was Amazon (AWS) with a 36.8% market share in cloud computing in 2019, followed by Microsoft with a market share of 19.3% and Google with 5.0. %, Alibaba with 4.5%, IBM with 4.4%, and others with 30.0%. See the cloud computing market share chart and source for other cloud computing market share estimates here.

The chart shows the Public Cloud Computing SaaS market share in 2019. The leading provider in the cloud computing industry was Salesforce with 7.8% cloud computing market share in 2018, followed by Microsoft with 7.4% market share, SAP with 4 .1% and Oracle with 3.7%, Google with 3.1%, while others with 73.9% of the market. action. See the cloud computing market share chart and source for other cloud computing market share estimates here.

The cloud computing market is expected to witness phenomenal growth in the next few years. Growth is driven by increasing demands for scalability, automation, agility, better customer experience and cost savings. As large enterprises advance their digital businesses, they often choose a cloud platform as their IT infrastructure. We are also seeing the increasing use of private cloud-based solutions for data backup and recovery. Hybrid cloud is becoming more and more popular due to the advantages of public and private clouds. In summary, the demand for cloud computing is expected to increase in the coming years due to the security, reliability, optimal resource utilization, and cost saving benefits offered, which will accelerate cloud computing adoption and increase cloud computing revenue.

Amazon is the market leader in both the IaaS and PaaS segments. Amazon’s cloud offering is Amazon Web Services, which includes compute, storage, databases, and emerging technologies such as machine learning, artificial intelligence, data resources, analytics, and the Internet of Things.

Covid 19 Impact And Recovery Analysis Global Healthcare Cloud Computing Market 2020 2024| Increasing Cloud Assisted Medical Collaborations To Boost Market Growth

Microsoft is Amazon’s main competitor in cloud computing with its own product – Microsoft Azure. One of Microsoft’s strengths is its strong presence in the SaaS segment with products such as Office 365 and Microsoft 365.

Salesforce is the current leader in the SaaS cloud computing segment. It offers a customer relationship management (CRM) service and also sells a suite of complementary enterprise applications that focus on customer service, marketing automation, analytics and application development.

Google offers the Google Cloud Platform, which runs on the same infrastructure that Google uses internally for its end-user products such as Google Search, Gmail, File Storage, and YouTube. In addition to management tools, it offers a wide range of modular cloud services, including computing, data storage, data analytics and machine learning.

Market For Cloud Computing

Alibaba is China’s largest cloud computing company and operates data centers in 21 regions and 63 Availability Zones worldwide.

How Cloud Computing Companies Created An Oligopoly

Other honorable mentions include IBM, SAP, Oracle and Tencent. IBM offers a full-stack cloud platform with more than 170 products and services, including data, containers, AI, IoT and blockchain. SAP (Systems, Applications and Products) is the market leader in end-to-end enterprise application software, databases, analytics, intelligent technologies and experience management. Oracle was the second largest software company by revenue and market capitalization in 2019. Its cloud-based offering focuses on infrastructure and applications. Tencent is another Chinese tech giant alongside Alibaba, with a portfolio ranging from cloud to eSports. Tencent owns Riot Games, the company famous for developing League of Legends.

Market research sources strongly disagree on cloud computing market size, cloud computing market share, but generally agree on the growth of cloud computing. Disagreement stems from a lack of a standard definition of cloud computing, limited public data from major cloud providers, and disagreement about what types of products should be included. Because of this, different sources have very different perspectives on Cloud Computing market share and the size of the Cloud Computing industry. For a complete assessment of the cloud computing market, he recommends looking at all available sources. aggregated and organized data from these sources on the Industrial Research Platform. See each source’s view of the cloud computing market, cloud computing market size, cloud computing market share and other cloud computing platform trends.

Comprehensively brings together over 500 reports from over 50 publishers on cloud market statistics and trends. It includes Cloud Computing market size, revenue by region, Cloud Computing market share by vendor, region share, Cloud Computing model share, adoption, usage and over 30 additional statistics. The industry is covered by the information technology industry. Industries related to the taxonomy include cybersecurity, data center, network, server, and storage. Related industry subcategories include public cloud, private cloud, hybrid cloud, infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), cloud infrastructure, cloud management, edge computing, and fog. Computer technology. You can find reports on these industries on the platform. According to our recently published Cloud Computing Market Report 2021-2026, the global public cloud (hyperscale IaaS and PaaS) market will reach $157 billion in 2021.

The cloud market has been dominated by three US companies with double-digit revenues for years, and 2021 is no exception. Among the leading companies, Google Cloud and Microsoft Azure also reported revenue growth of nearly 50% in 2021 and are closing in on market leader AWS.

Cloud Computing Policy Country Ranking By Category 2018

Over the past 12 months, we’ve formed an opinion on the direction of the market based on research and a deep dive into the public cloud market.

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