Cloud computing Market Drivers, Trends And Restraints For 2022-2031| IBM, Cloud, Oracle, Cloud, Alibaba Cloud, Rackspace, Salesforce, Workday

Global Cloud computing report from Global Insight Services is the single authoritative source of intelligence on Cloud computing market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Cloud computing is a type of computing that relies on sharing computing resources instead of having local servers or personal devices to handle applications. Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.

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Market Segments

By Service Model

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a service (SaaS)

By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Vertical

  • BFSI
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Healthcare and Life Sciences
  • Others
Key Players
  • Amazon AWS
  • Google Cloud
  • Microsoft Azure
  • IBM Cloud
  • Oracle Cloud
  • Alibaba Cloud
  • Rackspace
  • Salesforce
  • Workday
  • Zoho
  • ServiceNow
  • Brightcove
  • Adobe
  • Akamai
  • New Relic
  • Dynatrace
  • AppDynamics
  • Splunk

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Key Drivers

There are various key drivers of cloud computing market which are as follows:

  • Increased adoption of cloud services by small and medium enterprises (SMEs): Small and medium enterprises (SMEs) are increasingly adopting cloud services due to the numerous benefits offered by cloud computing such as reduced costs, scalability, and flexibility.
  • Growing demand for cloud-based applications and services: There is a growing demand for cloud-based applications and services such as cloud-based email, storage, and collaboration tools. This is due to the benefits offered by cloud computing such as pay-as-you-go pricing, on-demand scalability, and improved collaboration.

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