The global cloud computing market size is estimated to secure a market value of US$ 482 Billion in 2022. The market is expected to procure US$ 1,949 Billion by 2032 while expanding at a CAGR of 15% during the forecast period from 2022 to 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Cloud Computing market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Cloud Computing market.
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Key findings of the Cloud Computing market study:
- Regional breakdown of the Cloud Computing market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Cloud Computing vendors in detail.
- Region-wise and country-wise fragmentation of the Cloud Computing market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Cloud Computing market.
Key Companies Profiled
- Adobe Inc.
- Alibaba Group Holding Limited
- Amazon.com Inc.
- Google LLC
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com Inc.
- SAP SE
- Workday, Inc.
Competitive Landscape
The players of the global cloud computing market are taking several initiatives to expand their global reach and spearhead the market. Acquisitions, partnerships, and collaborations are some of the most practices to intensify their market presence. Some of the recent developments among the key players are:
- In February 2022, IBM announced its plan to team up with SAP to offer technology and expertise to clients to adopt a hybrid cloud approach and move mission-critical workloads from SAP solutions to the cloud for regulated and non-regulated industries.
- In October 2020, Microsoft Corporation announced its partnership with ZEISS Group to offer better care to patients and enhance manufacturing quality through data solutions. As per the partnership, ZEISS Group adopted Microsoft Azure as its cloud platform to provide digital experiences to its German counterpart.
- In January 2020, IBM Corporation disclosed the launch of Advertising Accelerator with Watson. It is a predictive solution that uses AI and benefits Watson by providing campaigns that could help marketers and advertisers in understanding the customers’ preferences.
Key Market Segments Covered in the Market
- By End Use
- IT & Telecom
- Government & Public Sector
- Energy & Utilities
- Retail & Consumer Goods
- Manufacturing
- BFSI
- Healthcare
- Media & Entertainment
- Other End Uses
- By Deployment
- Public Cloud Computing
- Private Cloud Computing
- Hybrid Cloud Computing
- Based on Service
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
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Queries addressed in the Cloud Computing market report:
- Why are the Cloud Computing market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Cloud Computing market?
- Which regions are displaying the fastest growth in the Cloud Computing market?
- What are the underlying micro- macroeconomic factors affecting the global Cloud Computing market?
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