Global Cloud Computing Market Analysis

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Global Cloud Computing Market Analysis

  • ICT
  • Upcoming Report
  • Dec 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Cloud computing market growth is driven by significant advancements in technology and methods, enabling organizations to enhance efficiency, scalability, and flexibility. One of the latest methods is edge computing, which brings cloud capabilities closer to the data source, reducing latency and improving real-time processing. This method is increasingly being used in industries such as healthcare, where real-time data analysis is critical. Another key technology is serverless computing, allowing businesses to run applications without managing servers, improving cost-efficiency and scaling. The integration of AI and machine learning with cloud platforms has also enhanced predictive analytics, automation, and data-driven decision-making.

The market has been growing rapidly due to the increasing demand for cloud storage, big data analytics, and SaaS (Software as a Service). Adoption by small to mid-sized businesses, enterprises, and startups for operational agility is a primary driver. Cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have expanded their offerings, enhancing global accessibility. This growth is fueled by digital transformation, remote work trends, and an increasing reliance on cloud-based solutions across various sectors, from retail to finance.

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.