Cloud Engineering Market
Cloud Engineering Market Forecasts to 2030 - Global Analysis By Service Type (Training and Education, Consulting and Design, Cloud Storage, Cloud Security, DevOps, Integration and Migration and Other Service Types), Service Model (Software-As-A-Service, Platform-As-A-Service and Infrastructure-As-A-Service), Organization Size, Deployment Model, End User and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $377.67 BN |
Projected Year Value (2030) |
US $1,073.85 BN |
CAGR (2023 - 2030) |
16.1% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cloud Engineering Market is accounted for $377.67 billion in 2023 and is expected to reach $1,073.85 billion by 2030 growing at a CAGR of 16.1% during the forecast period. A computing paradigm known as ""cloud engineering"" combines systems through public or private networks to provide dynamically scalable infrastructure for data and application security and storage. It is a methodical strategy for promoting and standardizing cloud computing applications. Engineering techniques are employed in the development, maintenance, and expansion of cloud computing systems and solutions.
According to Forbes, 83 percent of the enterprise workloads will be in the cloud by 2020, with 41 percent of them running on the public cloud platforms, such as AWS, Azure, and GCP.
Market Dynamics:
Driver:
Increasing government initiatives to speed accelerate cloud adoption
In the current era of digitization, businesses are compelled to use the cloud for flexible, affordable, and on-demand data storage solutions. Governments all across the world are investing in cloud computing delivery strategies as a consequence. Cloud computing reduces the cost of purchasing, developing, operating, and sustaining technical services. Additionally, due to cloud computing, governments may significantly enhance productivity by streamlining their IT operations, which results in market expansion.
Restraint:
Cost considerations & security and privacy concerns
Factors that hamper the market growth are as cloud computing allows for scalability and flexibility, it can also lead to higher expenses, especially when resources are not adequately managed or maximized. Organizations could be hit with unforeseen expenditures like those for data transfer, storage, or resource scaling up and down. To prevent irrational spending, cloud cost management needs meticulous monitoring and optimization. Privacy and security concerns arise when using the cloud for storing data and operating apps. However, due to the possibility of illegal access, data breaches, or insider threats, businesses may be hesitant to entrust sensitive data to third-party cloud service providers. It can be difficult to comply with data protection laws and secure data confidentiality in a cloud environment. These factors hinder the market growth.
Opportunity:
Rising demands for cloud computing services
Since they enable higher levels of productivity and flexibility, cloud computing services and cloud-based apps have helped both businesses and employees. The majority of businesses, however, think that the risks associated with cloud computing systems are rising faster than their ability to put forth practical answers. Additionally, Performance benefits, cost savings, and higher agility may ensure from using the cloud as the foundation for innovation infrastructure. For instance, corporations are progressing in innovation in the area of Internet of Things product creation at a rate that is only possible with the use of cloud computing. A variety of enterprises are developing to use AI in their operations which aid market expansion.
Threat:
Performance inadequacy & network security
Multiple users share cloud computing resources, which may cause performance unpredictability. The number of multiple users accessing the service, the location of the cloud data centers, and the overall stress on the provider's infrastructure can all have an impact on how effectively cloud apps run. Additionally, the user experience and application response times may be affected by this unpredictability. For users to access and use cloud services efficiently, they need a steady, fast internet connection. The performance and accessibility of cloud-based apps may be hampered by poor network connectivity or irregular internet access. These factors hinder the market growth.
Covid-19 Impact:
The cloud computing paradigm should be able to accommodate greater demands like those brought on by the COVID-19 problem because it is organically built to manage variable demand. Cloud computing service providers must be aware of the challenges presented by growing demand due to the epidemic. Additionally, for remote work, the current high demand will grow as streaming services and virtual events replace in-person meetings. Supply chains will be impacted by shortages resulting from production facilities in China and other affected locations, and operational support for cloud offerings will need to be maintained while working remotely or with fewer employees.
The public cloud segment is expected to be the largest during the forecast period
The public cloud segment is anticipated to be the largest during the projected period. Businesses may develop strategies to increase operational capabilities while lowering expenses according to the cloud. Moreover, the requirement for cloud engineering services is being driven by increased efficiency, decreased on-premises expenses, and the rapid adoption of server less computing. Businesses using cloud engineering are progressively more inclined to use cloud-based services for handling their crucial company operations.
The large enterprises segment is expected to have the highest CAGR during the forecast period
The sector of large enterprises is anticipated to have the largest market size throughout the forecast period in terms of organization size. Large businesses have the financial resources to invest in foreign markets. As a result, businesses are unrestricted in their capacity to establish subsidiaries abroad and develop their market share without relying on the domestic market to support their expansion plans. Additionally, due to cloud computing, many businesses are large and well-known enough to have a strong brand reputation and image. Large businesses are also making significant investments in cutting-edge technologies to boost overall productivity and efficiency.
Region with largest share:
Due to the rising demand for cloud infrastructure in the region and the expanding use of cloud computing for business operations and administration, North America is predicted to dominate the global market for cloud engineering throughout the course of the forecast period. Additionally, due to the region's increasing adoption of cloud computing systems by businesses and the rising need for the slick computing performance that cloud services provide. Since there are so many cloud resources in the area, there is a need to arrange them, which has resulted in an ongoing rise in the market for cloud engineering over the past few years.
Region with highest CAGR:
Over the duration of the projection period, the cloud engineering market in Asia Pacific is anticipated to have highest CAGR due to the region's rapid commercialization of cloud architecture. Due to the expanding understanding of cloud computing advantages in the enterprise sector, cloud engineering is becoming increasingly popular in Asia- Pacific. Over the course of the projection period, the region's rising commercialization of cloud computing is projected to continue to be a key driver for the cloud engineering market.
Key players in the market
Some of the key players in Cloud Engineering Market include Infosys, Rapidvalue, Aricent, Engineering Ingegneria, ITC Infotech, Searce, Calsoft, Sogeti, Nitor, Trianz, Voice, Video, Data, Network (VVDN),GFT Technologies, Engineering Ingegneria Informatica SPA and Softcrylic LLC
Key Developments:
In September 2022, IBM launched IBM LinuxONE Bare Metal Servers. With this new solution, the LinuxONE platform may now be deployed in an off-premises IaaS model, including core consolidation, resultant software license savings, and decreased energy consumption to support sustainability goals. LinuxONE Bare Metal Servers are dedicated servers based on the LinuxONE processor architecture known as s390x. Choose from a selection of pre-configured profiles with associated memory and storage allocations to execute workloads on the LinuxONE platform that are very performant.
In September 2022, Microsoft launched the first hyperscale cloud data center region in Qatar, which will help the company do more business in the country.
In July 2022, NetWest Markets formed a partnership with Google Cloud to bolster its data capabilities and customer experiences. With the partnership, NatWest Markets is also looking at how Google Kubernetes Engine can help improve its performance by containerizing application components as it transitions from a monolithic to a microservices architecture.
Service Types Covered:
• Training and Education
• Consulting and Design
• Cloud Storage
• Cloud Security
• DevOps
• Integration and Migration
• Other Service Types
Service Models Covered:
• Software-As-A-Service
• Platform-As-A-Service
• Infrastructure-As-A-Service
Organization Sizes Covered:
• Large Enterprises
• Medium Enterprises
• Small Enterprises
Deployment Models Covered:
• Hybrid Cloud
• Private Cloud
• Public Cloud
End Users Covered:
• Energy and Utilities
• Manufacturing
• Telecommunication and ITES
• Banking, Financial Services, and Insurance
• Retail and Consumer Goods
• Government and Defense
• Healthcare and Life Sciences
• 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 2021, 2022, 2023, 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
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 End User Analysis
3.7 Emerging Markets
3.8 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 Engineering Market, By Service Type
5.1 Introduction
5.2 Training and Education
5.3 Consulting and Design
5.4 Cloud Storage
5.5 Cloud Security
5.6 DevOps
5.7 Integration and Migration
5.8 Other Service Types
6 Global Cloud Engineering Market, By Service Model
6.1 Introduction
6.2 Software-As-A-Service
6.3 Platform-As-A-Service
6.4 Infrastructure-As-A-Service
7 Global Cloud Engineering Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Medium Enterprises
7.4 Small Enterprises
8 Global Cloud Engineering Market, By Deployment Model
8.1 Introduction
8.2 Hybrid Cloud
8.3 Private Cloud
8.4 Public Cloud
9 Global Cloud Engineering Market, By End User
9.1 Introduction
9.2 Energy and Utilities
9.3 Manufacturing
9.4 Telecommunication and ITES
9.5 Banking, Financial Services, and Insurance
9.6 Retail and Consumer Goods
9.7 Government and Defense
9.8 Healthcare and Life Sciences
9.9 Other End Users
10 Global Cloud Engineering Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Infosys
12.2 Rapidvalue
12.3 Aricent
12.4 Engineering Ingegneria
12.5 ITC Infotech
12.6 Searce
12.7 Calsoft
12.8 Sogeti
12.9 Nitor
12.10 Trianz
12.11 Voice, Video, Data, Network (VVDN)
12.12 GFT Technologies
12.13 Engineering Ingegneria Informatica SPA
12.14 Softcrylic LLC
List of Tables
1 Global Cloud Engineering Market Outlook, By Region (2021-2030) ($MN)
2 Global Cloud Engineering Market Outlook, By Service Type (2021-2030) ($MN)
3 Global Cloud Engineering Market Outlook, By Training and Education (2021-2030) ($MN)
4 Global Cloud Engineering Market Outlook, By Consulting and Design (2021-2030) ($MN)
5 Global Cloud Engineering Market Outlook, By Cloud Storage (2021-2030) ($MN)
6 Global Cloud Engineering Market Outlook, By Cloud Security (2021-2030) ($MN)
7 Global Cloud Engineering Market Outlook, By DevOps (2021-2030) ($MN)
8 Global Cloud Engineering Market Outlook, By Integration and Migration (2021-2030) ($MN)
9 Global Cloud Engineering Market Outlook, By Other Service Types (2021-2030) ($MN)
10 Global Cloud Engineering Market Outlook, By Service Model (2021-2030) ($MN)
11 Global Cloud Engineering Market Outlook, By Software-As-A-Service (2021-2030) ($MN)
12 Global Cloud Engineering Market Outlook, By Platform-As-A-Service (2021-2030) ($MN)
13 Global Cloud Engineering Market Outlook, By Infrastructure-As-A-Service (2021-2030) ($MN)
14 Global Cloud Engineering Market Outlook, By Organization Size (2021-2030) ($MN)
15 Global Cloud Engineering Market Outlook, By Large Enterprises (2021-2030) ($MN)
16 Global Cloud Engineering Market Outlook, By Medium Enterprises (2021-2030) ($MN)
17 Global Cloud Engineering Market Outlook, By Small Enterprises (2021-2030) ($MN)
18 Global Cloud Engineering Market Outlook, By Deployment Model (2021-2030) ($MN)
19 Global Cloud Engineering Market Outlook, By Hybrid Cloud (2021-2030) ($MN)
20 Global Cloud Engineering Market Outlook, By Private Cloud (2021-2030) ($MN)
21 Global Cloud Engineering Market Outlook, By Public Cloud (2021-2030) ($MN)
22 Global Cloud Engineering Market Outlook, By End User (2021-2030) ($MN)
23 Global Cloud Engineering Market Outlook, By Energy and Utilities (2021-2030) ($MN)
24 Global Cloud Engineering Market Outlook, By Manufacturing (2021-2030) ($MN)
25 Global Cloud Engineering Market Outlook, By Telecommunication and ITES (2021-2030) ($MN)
26 Global Cloud Engineering Market Outlook, By Banking, Financial Services, and Insurance (2021-2030) ($MN)
27 Global Cloud Engineering Market Outlook, By Retail and Consumer Goods (2021-2030) ($MN)
28 Global Cloud Engineering Market Outlook, By Government and Defense (2021-2030) ($MN)
29 Global Cloud Engineering Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
30 Global Cloud Engineering Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 2 North America Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 3 US Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 4 Canada Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 6 Europe Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 7 Germany Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 8 UK Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 9 Italy Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 10 France Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 11 Spain Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 14 Japan Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 15 China Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 16 India Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 17 Australia Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 21 South America Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 24 Chile Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 28 UAE Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Cloud Engineering Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Cloud Engineering Market Outlook (2021-2030) ($MN)
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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