Cloud Computing Services Market
Cloud Computing Services Market Forecasts to 2030 - Global Analysis By Type (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) and Function as a Service (FaaS)), Deployment Model, Organization Size, User Type, Technology, End User and By Geography
According to Stratistics MRC, the Global Cloud Computing Services Market is accounted for $575.37 billion in 2024 and is expected to reach $1726.66 billion by 2030 growing at a CAGR of 20.1% during the forecast period. Cloud computing services refer to the delivery of computing resources such as servers, storage, databases, networking, software, and analytics over the internet. These services allow businesses and individuals to access and utilize IT resources without needing to own or maintain physical hardware. Cloud computing offers scalability, flexibility, cost efficiency, and accessibility, enabling users to pay for only the services they use. Common models include Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS).
Market Dynamics:
Driver:
Rapid digital transformation
Cloud solutions are being embraced by businesses more and more in an effort to increase operational efficiency, save costs, and improve scalability. Cloud usage has been further fuelled by the increased demand for seamless collaboration tools and distant work capabilities. Cloud infrastructure is essential to the use of cutting-edge technologies like artificial intelligence (AI), the Internet of Things (IoT), and big data analytics. Additionally, businesses are able to optimise their IT systems thanks to the growth of hybrid and multi-cloud methods. In a world where technology is king, this trend emphasises how important cloud computing is for fostering innovation and corporate resilience.
Restraint:
High dependence on network connectivity
Poor or unstable internet connections can lead to slow access, affecting performance and productivity. Latency issues can disrupt real-time data processing and application usage, especially for time-sensitive tasks. Geographic limitations, where high-speed internet is unavailable, further restrict access to cloud services. Additionally, security concerns around network reliability raise risks of data breaches and loss. As businesses rely more on cloud solutions, inconsistent connectivity can undermine the overall effectiveness and adoption of cloud computing.
Opportunity:
Growth of multi-cloud strategies
Businesses are using multi-cloud systems to increase control over their data and apps and prevent vendor lock-in. By using this approach, businesses may maximise performance, affordability, and resilience by selecting the finest services from a variety of cloud providers. It also promotes better data redundancy and catastrophe recovery, which lowers the chance of downtime. Adoption of several clouds enables more precise control over data storage and privacy as companies look for increased security and compliance. All things considered, the growing popularity of many clouds fuels the need for increasingly sophisticated cloud services and infrastructure, which in turn fuels market expansion.
Threat:
Evolving cybersecurity threats
Businesses are reluctant to adopt cloud solutions in full because they are concerned about possible breaches as cyberattacks get more complex. Mistrust of cloud services is further exacerbated by the rise in ransom ware and phishing attempts. Because of these risks, businesses must make significant investments in strong security systems, which drive up operating expenses. Furthermore, market expansion is slowed by regulatory pressure to adhere to stronger data protection regulations. Consumer trust is hampered by this persistent risk environment, which restricts the broad use of cloud technology.
Covid-19 Impact
The Covid-19 pandemic significantly accelerated the adoption of cloud computing services as businesses transitioned to remote work and online operations. Increased demand for virtual collaboration tools and cloud storage solutions supported business continuity during lockdowns. The healthcare and education sectors experienced rapid digitization, relying on cloud services for telehealth and online learning. However, supply chain disruptions and delayed IT investments impacted some cloud service providers in the short term.
The public cloud segment is expected to be the largest during the forecast period
The public cloud segment is expected to account for the largest market share during the forecast period by providing scalable and affordable solutions to companies of all sizes. It greatly lowers operating expenses by removing the requirement for businesses to make large investments in on-premises infrastructure. Public cloud services' accessibility and flexibility let companies develop more quickly and better meet consumer needs. Additionally, there is a greater need for public cloud platforms to provide distant collaboration and data accessibility due to the expanding use of hybrid work patterns.
The education segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the education segment is predicted to witness the highest growth rate, because cloud-based technologies provide easy online learning and collaboration. It enables scalable infrastructure, which lowers operating costs and enables educational institutions to manage resources effectively. By facilitating remote learning and removing geographical restrictions, cloud services improve access to instructional materials. Adoption of cloud computing in education also fosters innovation by giving institutions the freedom to incorporate cutting-edge technologies like AI and VR to improve teaching and learning results.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share driven by the increasing adoption of digital transformation initiatives across businesses. Companies in the region are embracing cloud technologies to enhance scalability, reduce operational costs, and improve efficiency. With advancements in 5G, AI, and IoT, demand for cloud-based solutions is further escalating, especially in sectors like e-commerce, healthcare, and finance. Countries like China, India, Japan, and Australia are leading the market, with an expanding number of cloud data centers. As businesses seek flexible infrastructure solutions, the market is expected to continue growing significantly in the coming years.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the advancements in technology and increased demand for scalable, flexible IT solutions. Key players, including Amazon Web Services, Microsoft Azure, and Google Cloud, dominate the market by offering comprehensive infrastructure and software services. The growing demand for data storage, computing power, and advanced analytics is fuelling market expansion. Additionally, businesses are increasingly leveraging cloud computing for cost optimization, scalability, and improved collaboration. The market is expected to continue its growth, fuelled by innovations in AI, IoT, and machine learning integrated into cloud services.
Key players in the market
Some of the key players profiled in the Cloud Computing Services Market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), Alibaba Cloud, Oracle Cloud, IBM Cloud, Salesforce, SAP Cloud Platform, VMware Cloud, Tencent Cloud, Adobe Cloud, Red Hat Cloud, DigitalOcean, Rackspace Cloud, Hewlett Packard Enterprise (HPE), ServiceNow and Workday.
Key Developments:
In December 2024, AWS and Red Hat signed a strategic collaboration agreement to enhance the availability of Red Hat's open-source solutions in the AWS Marketplace. This partnership aims to empower organizations with hybrid cloud platforms, including Red Hat Enterprise Linux AI and OpenShift AI, facilitating application modernization and AI deployments.
In November 2024, AWS partnered with Lumen Technologies to enhance data center connectivity and optimize network delivery of cloud technologies. This collaboration will utilize generative AI to modernize applications and improve network services for enterprise customers.
In October 2023, Google Cloud expanded its partnership with Vodafone through a ten-year agreement. This deal enhances their existing cloud services by utilizing Google Cloud’s Vertex AI for machine learning applications. Vodafone aims to improve its analytics capabilities and cybersecurity measures through this collaboration.
Types Covered:
• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
• Function as a Service (FaaS)
Deployment Models Covered:
• Public Cloud
• Private Cloud
• Hybrid Cloud
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
User Types Covered:
• B2B (Business-to-Business)
• B2C (Business-to-Consumer)
Technologies Covered:
• Edge Computing
• Artificial Intelligence and Machine Learning Integration
• Serverless Computing
• Internet of Things (IoT)
• Containerization
• Other Technologies
End Users Covered:
• IT and Telecommunications
• Government and Public Sector
• Healthcare and Life Sciences
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Media and Entertainment
• Education
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cloud Computing Services Market, By Type
5.1 Introduction
5.2 Infrastructure as a Service (IaaS)
5.3 Platform as a Service (PaaS)
5.4 Software as a Service (SaaS)
5.5 Function as a Service (FaaS)
6 Global Cloud Computing Services Market, By Deployment Model
6.1 Introduction
6.2 Public Cloud
6.3 Private Cloud
6.4 Hybrid Cloud
7 Global Cloud Computing Services Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium-sized Enterprises (SMEs)
8 Global Cloud Computing Services Market, By User Type
8.1 Introduction
8.2 B2B (Business-to-Business)
8.3 B2C (Business-to-Consumer)
9 Global Cloud Computing Services Market, By Technology
9.1 Introduction
9.2 Edge Computing
9.3 Artificial Intelligence and Machine Learning Integration
9.4 Serverless Computing
9.5 Internet of Things (IoT)
9.6 Containerization
9.7 Other Technologies
10 Global Cloud Computing Services Market, By End User
10.1 Introduction
10.2 IT and Telecommunications
10.3 Government and Public Sector
10.4 Healthcare and Life Sciences
10.5 Retail and Consumer Goods
10.6 Manufacturing
10.7 Energy and Utilities
10.8 Media and Entertainment
10.9 Education
10.10 Other End Users
11 Global Cloud Computing Services Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Amazon Web Services (AWS)
13.2 Microsoft Azure
13.3 Google Cloud Platform (GCP)
13.4 Alibaba Cloud
13.5 Oracle Cloud
13.6 IBM Cloud
13.7 Salesforce
13.8 SAP Cloud Platform
13.9 VMware Cloud
13.10 Tencent Cloud
13.11 Adobe Cloud
13.12 Red Hat Cloud
13.13 DigitalOcean
13.14 Rackspace Cloud
13.15 Hewlett Packard Enterprise (HPE)
13.16 ServiceNow
13.17 Workday
List of Tables
1 Global Cloud Computing Services Market Outlook, By Region (2022-2030) ($MN)
2 Global Cloud Computing Services Market Outlook, By Type (2022-2030) ($MN)
3 Global Cloud Computing Services Market Outlook, By Infrastructure as a Service (IaaS) (2022-2030) ($MN)
4 Global Cloud Computing Services Market Outlook, By Platform as a Service (PaaS) (2022-2030) ($MN)
5 Global Cloud Computing Services Market Outlook, By Software as a Service (SaaS) (2022-2030) ($MN)
6 Global Cloud Computing Services Market Outlook, By Function as a Service (FaaS) (2022-2030) ($MN)
7 Global Cloud Computing Services Market Outlook, By Deployment Model (2022-2030) ($MN)
8 Global Cloud Computing Services Market Outlook, By Public Cloud (2022-2030) ($MN)
9 Global Cloud Computing Services Market Outlook, By Private Cloud (2022-2030) ($MN)
10 Global Cloud Computing Services Market Outlook, By Hybrid Cloud (2022-2030) ($MN)
11 Global Cloud Computing Services Market Outlook, By Organization Size (2022-2030) ($MN)
12 Global Cloud Computing Services Market Outlook, By Large Enterprises (2022-2030) ($MN)
13 Global Cloud Computing Services Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2022-2030) ($MN)
14 Global Cloud Computing Services Market Outlook, By User Type (2022-2030) ($MN)
15 Global Cloud Computing Services Market Outlook, By B2B (Business-to-Business) (2022-2030) ($MN)
16 Global Cloud Computing Services Market Outlook, By B2C (Business-to-Consumer) (2022-2030) ($MN)
17 Global Cloud Computing Services Market Outlook, By Technology (2022-2030) ($MN)
18 Global Cloud Computing Services Market Outlook, By Edge Computing (2022-2030) ($MN)
19 Global Cloud Computing Services Market Outlook, By Artificial Intelligence and Machine Learning Integration (2022-2030) ($MN)
20 Global Cloud Computing Services Market Outlook, By Serverless Computing (2022-2030) ($MN)
21 Global Cloud Computing Services Market Outlook, By Internet of Things (IoT) (2022-2030) ($MN)
22 Global Cloud Computing Services Market Outlook, By Containerization (2022-2030) ($MN)
23 Global Cloud Computing Services Market Outlook, By Other Technologies (2022-2030) ($MN)
24 Global Cloud Computing Services Market Outlook, By End User (2022-2030) ($MN)
25 Global Cloud Computing Services Market Outlook, By IT and Telecommunications (2022-2030) ($MN)
26 Global Cloud Computing Services Market Outlook, By Government and Public Sector (2022-2030) ($MN)
27 Global Cloud Computing Services Market Outlook, By Healthcare and Life Sciences (2022-2030) ($MN)
28 Global Cloud Computing Services Market Outlook, By Retail and Consumer Goods (2022-2030) ($MN)
29 Global Cloud Computing Services Market Outlook, By Manufacturing (2022-2030) ($MN)
30 Global Cloud Computing Services Market Outlook, By Energy and Utilities (2022-2030) ($MN)
31 Global Cloud Computing Services Market Outlook, By Media and Entertainment (2022-2030) ($MN)
32 Global Cloud Computing Services Market Outlook, By Education (2022-2030) ($MN)
33 Global Cloud Computing Services Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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