Global Public Cloud Market is valued at approximately USD 277.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.6% over the forecast period 2022-2029.Public Cloud is a deployment cloud model where public cloud service providers make computing and storage, development and deployment, and applications accessible on demand to individuals and organizations over the public internet. In this model, the computing resources are operated and owned by the provider itself and are then shared via the internet. The emerging adoption of IoT techniques, artificial intelligence (AI), machine learning (ML) and edge computing among several industries is boosting the market demand. Additionally, the increasing trend of digitalization among industries and rising penetration of the internet is driving the demand of the Public Cloud market.
The increasing digitalization among industries is fueling the demand for public cloud. For instance, the worldwide spending on digital transformation in 2022 is USD 1.6 trillion and is projected to reach nearly USD 3.4 trillion by 2026. The boost in this computing technology is due to the rising adoption of Artificial Intelligence (AI) and Machine Learning (ML), as AI and ML complement Public Cloud. The demand for Public Cloud services continues due to the rising penetration of the Internet. India was ranked 2nd in terms of internet users. The internet penetration rate went up from 4% in 2007 to 47% in 2021. Therefore, public cloud services enable individuals and organizations to store and secure their data safely over the Internet. Moreover, the continuous advancements and formulation, and increasing adoption of cloud computing technologies by several industries are playing a major role in surging the demand for Public Cloud globally. However, the high data security threats and privacy concerns stifle market growth of Public Cloud throughout the forecast period of 2022-2029.
The key regions considered for the Global Public Cloud Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominated the market for Public Cloud services with a total share of 49%. The adoption of new technologies by various market players is boosting the demand in this region. The increasing digitalization and adoption of cloud storage services are driving the market demand. Companies such as Microsoft Corporation, Amazon.com Inc, and IBM Corporation are helping this region in maintaining this position. Asia-Pacific is anticipated to be the fastest-growing region over the forecast region.Changing lifestyles, urbanization and increasing penetration of internet among the users are fueling the market demand.
Major market players included in this report are:
- Alibaba Group Holding Limited
- Amazon.com Inc.
- Adobe Inc.
- Google LLC
- The International Business Machines Corporation (IBM) Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce, Inc.
- RiverMeadow Software Inc.
- Workday, Inc.
Recent Developments in the Market:
- In April 2022, a leading provider of cloud migration services and disaster management software "RiverMeadow Software Inc. " added new services to its cloud migration platform. This update allows customers the choice to migrate to the public cloud through VM-based or OS-based migrations.
- In October 2018, IBM Corporation acquired Red Hat to expand its public cloud offerings to a wider range of customers to provide hybrid cloud solutions at a true choice and agility.
Global Public Cloud Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Service, Enterprise, End-use, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByService:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
By Enterprise:
- Large Enterprise
- Small & Medium Enterprise
By End-use:
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Manufacturing
- Energy & Utilities
- Healthcare
- Media & Entertainment
- Government & Public Sector
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Public Cloud Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Public Cloud Market, by Service,2019-2029 (USD Billion)
- 1.2.3. Public Cloud Market, by Enterprise, 2019-2029 (USD Billion)
- 1.2.4. Public Cloud Market, by End-use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Public Cloud Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Public Cloud Market Dynamics
- 3.1. Public Cloud Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Digitalization among industries.
- 3.1.1.2. Rising Internet Penetration.
- 3.1.2. Market Challenges
- 3.1.2.1. Data security threats and privacy concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in Formulation.
- 3.1.3.2. Increasing adoption of cloud by industries.
Chapter 4. Global Public Cloud Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Public Cloud Market, by Service
- 6.1. Market Snapshot
- 6.2. Global Public Cloud Market by Service, Performance - Potential Analysis
- 6.3. Global Public Cloud Market Estimates & Forecasts by Service2019-2029 (USD Billion)
- 6.4. Public Cloud Market, Sub Segment Analysis
- 6.4.1. Infrastructure as a Service (IaaS)
- 6.4.2. Platform as a Service (PaaS)
- 6.4.3. Software as a Service (SaaS)
Chapter 7. Global Public Cloud Market, by Enterprise
- 7.1. Market Snapshot
- 7.2. Global Public Cloud Market by Enterprise, Performance - Potential Analysis
- 7.3. Global Public Cloud Market Estimates & Forecasts by Enterprise2019-2029 (USD Billion)
- 7.4. Public Cloud Market, Sub Segment Analysis
- 7.4.1. Large Enterprise
- 7.4.2. Small & Medium Enterprise
Chapter 8. Global Public Cloud Market, byEnd-use
- 8.1. Market Snapshot
- 8.2. Global Public Cloud Market by End-use, Performance - Potential Analysis
- 8.3. Global Public Cloud Market Estimates & Forecasts by End-use2019-2029 (USD Billion)
- 8.4. Public Cloud Market, Sub Segment Analysis
- 8.4.1. BFSI
- 8.4.2. IT & Telecom
- 8.4.3. Retail & Consumer Goods
- 8.4.4. Manufacturing
- 8.4.5. Energy & Utilities
- 8.4.6. Healthcare
- 8.4.7. Media & Entertainment
- 8.4.8. Government & Public Sector
- 8.4.9. Others
Chapter 9. Global Public Cloud Market, Regional Analysis
- 9.1. Public Cloud Market, Regional Market Snapshot
- 9.2. North America Public Cloud Market
- 9.2.1. U.S.Public Cloud Market
- 9.2.1.1. Servicebreakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Enterprise breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End-use breakdown estimates & forecasts, 2019-2029
- 9.2.2. CanadaPublic Cloud Market
- 9.3. Europe Public Cloud Market Snapshot
- 9.3.1. U.K. Public Cloud Market
- 9.3.2. Germany Public Cloud Market
- 9.3.3. France Public Cloud Market
- 9.3.4. Spain Public Cloud Market
- 9.3.5. Italy Public Cloud Market
- 9.3.6. Rest of EuropePublic Cloud Market
- 9.4. Asia-PacificPublic Cloud Market Snapshot
- 9.4.1. China Public Cloud Market
- 9.4.2. India Public Cloud Market
- 9.4.3. JapanPublic Cloud Market
- 9.4.4. Australia Public Cloud Market
- 9.4.5. South Korea Public Cloud Market
- 9.4.6. Rest of Asia PacificPublic Cloud Market
- 9.5. Latin America Public Cloud Market Snapshot
- 9.5.1. Brazil Public Cloud Market
- 9.5.2. MexicoPublic Cloud Market
- 9.6. Rest of The World Public Cloud Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Alibaba Group Holding Limited
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. ProductSummary
- 10.2.1.5. Recent Developments
- 10.2.2. Amazon.com Inc.
- 10.2.3. Adobe Inc.
- 10.2.4. Google LLC
- 10.2.5. The International Business Machines Corporation (IBM) Corporation
- 10.2.6. Microsoft Corporation
- 10.2.7. Oracle Corporation
- 10.2.8. Salesforce, Inc.
- 10.2.9. RiverMeadow Software Inc.
- 10.2.10. Workday, Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption