Global cloud services industry expected to reach over $ 927 billion by 2027



DUBLIN, December 6, 2021 / PRNewswire / – The “Cloud Services Market by Offering, Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030” the report was added to ResearchAndMarkets.com offer.

According to this report, the market size for cloud services was estimated at $ 264.80 billion in 2019, and is expected to reach $ 927.51 billion by 2027, with a CAGR of 16.4% from 2020 to 2027.

Cloud computing is the practice of sharing a network of remote servers hosted on the Internet to store, process, share, and manage data rather than on a local server or personal computer. The services provided by cloud computing technology are called cloud services. These specifically refer to a common storage space through which all devices on the network can access data simultaneously. Using cloud services not only offers cost benefits, but also makes data accessible to all devices on the network anytime, anywhere.

The most important factor driving the growth of the global cloud services market is profitability. With the deployment of cloud services, organizations can save over 35% of annual operating costs. The other factor includes all the functional capabilities that increase the business performance of organizations. In addition to this, the surge in demand for cloud services due to the COVID-19 pandemic has spurred the growth of the market.

However, data security is the biggest drag on the growth of the cloud services market as organizations believe their data is more secure in internal data centers than in a virtual cloud network. The other limiting factors are the location and administration of the data, which must be properly designed in order to increase market revenue. Developing economies have gradually developed to become the hub of IT services, which is one of the most important target segments for cloud services, thus being opportunistic for the growth of the market. In addition, the substantial increase in the number of small and medium enterprises has ultimately led to increased adoption of cloud services in these regions.

The cloud services market is segmented on the basis of offering, type, deployment model, company size, application, industry vertical, and region. On the basis of supply, the market is segmented into solutions and services. By type, it is classified into IaaS, PaaS, SaaS and others. Based on the deployment model, it is divided into public cloud, private cloud and hybrid cloud. According to the size of the business, it is classified into large enterprises and small and medium enterprises.

By Application, the market is segmented into Asset Management, Customer Relationship Management (CRM), Enterprise Resource Management (ERM), Supply Chain Management (SCM), Project and Portfolio Management, business intelligence and others. By vertical, it is classified as BFSI, IT and Telecommunications, Retail, Government, Media and Entertainment, Healthcare, Manufacturing, Oil and Gas, Metals and Mining, Petrochemicals, Energy and Utilities, Pulp and Paper, Agriculture and others. By region, the market is analyzed through North America, Europe, Asia Pacific, and LAMEA.

Market players operating in the cloud services market include Alibaba Cloud, Amazon Web Services, Inc., Cisco System, Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machine (IBM) Corporation, Microsoft Corporation, Oracle Corporation and Rackspace Hosting, Inc. These main Players have adopted various key development strategies such as business expansion, new product launch, and others, which have helped drive the growth of the global cloud services market.

Key Benefits

  • The study provides an in-depth analysis of the cloud services market along with current trends and future estimates to elucidate impending pockets of investment.
  • Information on key drivers, restraints, and opportunities and their analysis of impact on market size are provided in the report.
  • Porter’s Five Forces Analysis illustrates the power of buyers and suppliers operating in the industry.
  • The quantitative analysis of the cloud services market for the period 2020-2030 is provided to determine the potential of the market.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. DEFINITION AND SCOPE OF THE MARKET
3.2. MAIN CONCLUSIONS
3.2.1. Main impact factors
3.2.2. The best investment pockets
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Moderate to high bargaining power of suppliers
3.3.2. Low to high buyers’ bargaining power
3.3.3. Low to high threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. low to high competitive rivalry
3.4. VALUE CHAIN ​​ANALYSIS
3.4.1. Network and hardware connectivity:
3.4.2. Infrastructure & accommodation
3.4.3. Platform and Application Services
3.4.4. Application management and service bundling
3.4.5. Service delivery and customer support
3.4.6. Consulting and IS
3.5. PRICE MODEL
3.5.1. Consumption-based pricing
3.5.2. Subscription-based pricing
3.5.3. Advertising-based pricing
3.5.4. Market based pricing
3.6. MARKET DYNAMICS
3.6.1. Conductors
3.6.1.1. Increased demand for cloud services
3.6.1.2. Increased cloud adoption in SMBs
3.6.1.3. Rising demand for cloud services due to COVID-19 pandemic
3.6.2. Detention
3.6.2.1. Security and data protection concerns
3.6.3. Opportunities
3.6.3.1. Increased adoption of cloud services in developing regions
3.7. MARKET DEVELOPMENT / INDUSTRY ROADMAP
3.8. IMPACT OF GOVERNMENT REGULATIONS ON THE GLOBAL CLOUD SERVICES MARKET
3.9. PATENT ANALYSIS
3.10. COVID-19 IMPACT ASSESSMENT ON THE CLOUD SERVICES MARKET
3.11. COMPARISON BETWEEN CLOUD AND ON-PREMISE
3.12. ANALYSIS OF CLOUD ADOPTION CUSTOMER SURVEY RESULTS

CHAPTER 4: MARKET FOR CLOUD SERVICES, BY OFFER
4.1. PREVIEW
4.2. SOLUTIONS
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market analysis, by country
4.3. SERVICES
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market analysis, by country
4.3.4. Consulting services
4.3.5. Implementation and integration services

CHAPTER 5: CLOUD SERVICES MARKET, BY TYPE
5.1. PREVIEW
5.2. INFRASTRUCTURE AS A SERVICE (IAAS)
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market analysis, by country
5.3. PLATFORM AS A SERVICE (PAAS)
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market analysis, by country
5.4. SOFTWARE AS A SERVICE (SAAS)
5.4.1. Key Market Trends, Growth Drivers and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market analysis, by country
5.5. OTHERS
5.5.1. Key Market Trends, Growth Drivers and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market analysis, by country

CHAPTER 6: GLOBAL CLOUD SERVICES MARKET, BY DEPLOYMENT MODEL
6.1. PREVIEW
6.2. PRIVATE CLOUD
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market analysis, by country
6.3. PUBLIC CLOUD
6.3.1. Key Market Trends, Growth Drivers and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market analysis, by country
6.4. HYBRID CLOUD
6.4.1. Key Market Trends, Growth Drivers and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market analysis, by country

CHAPTER 7: CLOUD SERVICES MARKET, BY ORGANIZATION SIZE
7.1. PREVIEW
7.2. LARGE COMPANIES
7.2.1. Key Market Trends, Growth Drivers and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market analysis, by country
7.3. SME
7.3.1. Key Market Trends, Growth Drivers and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market analysis, by country

CHAPTER 8: CLOUD SERVICES MARKET, BY APPLICATION
8.1. PREVIEW
8.2. ASSET MANAGEMENT
8.2.1. Key Market Trends, Growth Drivers and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.3. Market analysis, by country
8.3. CUSTOMER RELATIONSHIP MANAGEMENT (CRM)
8.3.1. Key Market Trends, Growth Drivers and Opportunities
8.3.2. Market Size and Forecast, by Region
8.3.3. Market analysis, by country
8.4. CORPORATE RESOURCE MANAGEMENT (ERM)
8.4.1. Key Market Trends, Growth Drivers and Opportunities
8.4.2. Market Size and Forecast, by Region
8.4.3. Market analysis, by country
8.5. SUPPLY CHAIN ​​MANAGEMENT (SCM)
8.5.1. Key Market Trends, Growth Drivers and Opportunities
8.5.2. Market Size and Forecast, by Region
8.5.3. Market analysis, by country
8.6. PROJECT AND PORTFOLIO MANAGEMENT
8.6.1. Key Market Trends, Growth Drivers and Opportunities
8.6.2. Market Size and Forecast, by Region
8.6.3. Market analysis, by country
8.7. CORPORATE INTELLIGENCE
8.7.1. Key Market Trends, Growth Drivers and Opportunities
8.7.2. Market Size and Forecast, by Region
8.7.3. Market analysis, by country
8.8. OTHERS
8.8.1. Key Market Trends, Growth Drivers and Opportunities
8.8.2. Market Size and Forecast, by Region
8.8.3. Market analysis, by country

CHAPTER 9: GLOBAL CLOUD SERVICES MARKET, BY VERTICAL INDUSTRY
9.1. PREVIEW
9.2. BFSI
9.3. IT & TELECOMMUNICATIONS
9.4. RETAIL SELLING
9.5. GOVERNMENT
9.6. MEDIA AND ENTERTAINMENT
9.7. HEALTH CARE
9.8. MANUFACTURING
9.9. PETROLEUM GAS
9.10. METALS AND MINES
9.11. PETROCHEMICAL
9.12. ENERGY & PUBLIC SERVICES
9.13. PULP AND PAPER
9.14. AGRICULTURE
9.15. OTHERS

CHAPTER 10: CLOUD SERVICES MARKET, BY REGION

CHAPTER 11: COMPETITIVE LANDSCAPE
11.1. ANALYSIS OF THE POSITIONING OF KEY ACTORS, 2020
11.2. THE BEST WINNING STRATEGIES
11.3. COMPETITIVE DASHBOARD

CHAPTER 12: COMPANY PROFILES

For more information on this report, visit https://www.researchandmarkets.com/r/j5e2z2

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