Cloud Computing Market Size, Share & Trends Report

Cloud Computing Market Size, Share & Trends Analysis Report By Product, By Production Technology, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: 112
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The global cloud computing market is anticipated to grow significantly over the forecast period. Cloud computing is a hosted infrastructure; it uses the internet in order to deliver IT services, thus eliminating capital expenditure (CAPEX) on infrastructure. It also helps in ensuring consumption-based billing, and is witnessing increasing adoption in a number of end-use sectors including government organizations.

This is expected to be the key driving force for the market in the coming years. While larger organizations use private clouds to ensure security and reliability, smaller organizations usually opt for public cloud services since they are cost-efficient in nature. Traditional IT infrastructure requires developing, deploying, and testing applications, which not only results in high investment, but may also cause under-utilization of resources. Concerns regarding security, privacy, and data access are the major restraints to market growth, since they may adversely affect business performance.

In terms of IT capability, business processes was the largest segment and occupied over 75% of the overall market share in 2012. It is also expected to grow at the fastest rate over the forecast period and includes e-commerce, payment processing, human resources, cloud-based advertising, etc.

Cloud computing helps implement software, infrastructure, and platform as a service. Software as a Service (SaaS) accounted for majority of the market share in 2012, of which content, communications, collaborations (CCC) and customer relationship management are primarily responsible for revenue generation. Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), which is in the nascent stage, are expected to gain market share over the next few years. PaaS solutions comprise raw compute platform, business application platform, web application platform, and social application platform.

North America accounted for over half of the global market in 2012 largely on account of the U.S. It is expected to lose significant market share by the end of the forecast period to Asia Pacific and Europe. Key participants for SaaS include Google, Hotmail, Adobe, Cisco, Demandware, etc., while major PaaS players are IBM, Microsoft and Google. IaaS providers include GoGrid, Akamai, and Joyent among others.

Grand View’s market research study takes a closer look at the cloud computing industry, providing a holistic perspective on market dynamics and trends. Our report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key services including Iaas, PaaS, and SaaS. Estimates have also been provided for the market on the basis of IT capability for segments including business processes, application, and system and application infrastructure along with yearly forecast up to 2020. The report also provides the same level of information for key regional markets.

The research report analyzes various factors which have been driving and inhibiting the global cloud computing market in the past. In addition, the research report analyzes the impact of each driver and restraint on the market growth based on which the market is forecasted. The report also showcases the opportunities available in the market which may act as future drivers for the market.

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