- In October 2023, BT and Google Cloud formed a strategic partnership focused on enhancing cybersecurity innovation. As part of the collaboration, BT became a managed services delivery partner for Google’s Autonomic Security Operations (ASO), utilizing Google Chronicle to enhance security capabilities and provide advanced cybersecurity solutions for enterprise clients
- In August 2023, Microsoft launched Microsoft Studio for enterprises, designed to accelerate the AI and cloud transformation. By combining Microsoft’s computing and AI technologies with Globant’s expertise, the new studio aims to help enterprises innovate and build scalable AI-driven solutions, enhancing efficiency and driving digital transformation across industries
- In June 2023, IBM acquired Agyla SAS, a leading French cloud services provider, to bolster its consulting offerings and expand localized cloud expertise in France. This acquisition strengthens IBM’s hybrid multi-cloud portfolio, enhancing its ability to meet the growing demand for cloud and AI solutions while supporting businesses in the French market
- In May 2023, Amazon Web Services (AWS) announced a USD 12.7 billion investment in India by 2030 to meet the nation’s increasing demand for cloud services. The investment aims to build new data centers, creating thousands of job opportunities, and support digital transformation for businesses, reinforcing AWS’s commitment to India’s growing cloud market
- In May 2023, IBM introduced IBM Hybrid Cloud Mesh, a Software-as-a-Service (SaaS) platform that enables businesses to manage hybrid multi-cloud environments. The platform offers application-centric connectivity to simplify management, automate processes, and enhance visibility, helping enterprises maintain seamless connectivity across public and private clouds, and manage infrastructure in complex cloud setups
- In January 2023, Alibaba Cloud launched the Apsara Developer Community, a hub to support global developers with a broad range of tools and services. The initiative aims to strengthen the developer ecosystem, promote innovation, and contribute to the growth of the digital economy by providing resources to developers across various global markets, driving digital advancement
Frequently Asked Questions
The market is segmented based on Segmentation, By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a service (SaaS)), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises), Vertical (BFSI, Energy and Utilities, Government and Public Sector, Telecommunications, IT and ITeS, Retail and Consumer Goods, Manufacturing, Media and Entertainment, Healthcare and Life Sciences, and Other Verticals) – Industry Trends and Forecast to 2032
.
The Global Cloud Computing Market size was valued at USD 557.66 USD Billion in 2024.
The Global Cloud Computing Market is projected to grow at a CAGR of 15% during the forecast period of 2025 to 2032.
The major players operating in the market include Microsoft, Oracle, IBM, Amazon Web Services, Google, Intel Corporation, Salesforce, Fujitsu, Akamai Technologies, Edgio, AWS, AT&T, Cloudflare, Lumen Technologies, Deutsche Telekom AG, Fastly , Citrix Systems, NTT Communications Corporation, RACKSPACE TECHNOLOGY.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
