Cloud Computing Market Research 2020 Report | Growth Forecast 2027

Cloud Computing Market Insights:

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

The Cloud Computing Market drivers and trends are as follows:

Some of the major factors driving the demand of the global cloud computing market include rapid digital transformation among different industries, rising penetration of the internet and smart devices across the globe, coupled with the growing consumption of big data. Furthermore, the increasing adoption of the Internet of Things (IoT), 5G, use of real-time analytics by Artificial Intelligence (AI) and Machine Learning (ML), cloud computing, will boost the adoption of cloud technology among large organizations. Cloud computing technology provides various functions such as storage processing and networking power using Artificial Intelligence and Natural Language Processing (NLP).

As per the World Economic Forum, the fourth industrial revolution is increasing the adoption of advanced technologies such as cloud computing, Artificial Intelligence, and IoT. The companies across various industry verticals are combining cloud computing with this innovative technology. Furthermore, the rising adoption of Infrastructure as a Platform as a Service, Service, and Software as a Service, especially among the Small and Medium Enterprises (SMEs), is another driver fuelling the growth of the market. The government of both the developed and developing countries are focusing on launching initiatives and programs to support the adoption of advanced technologies in several industries, including manufacturing, retail, consumer goods, BFSI, and others. The UAE government has introduced digital initiatives and programs such as the Fifth Generation – 5G, Digital Invoicing, Smart Dubai, and numerous other technology-related programs. This factor will create new growth opportunities for the global cloud computing market during the forecast period. The significant change in the enterprise's preference towards digital transformation and the rising focus on providing excellent customer experience are factors that accelerate the adoption of cloud computing services, reducing enterprise costs.

The emergence of the COVID-19 has promoted the companies to offer work from home models to safeguard their worker's well-being and maintain operational efficiency. This has propelled the demand for Software-as-a-Service (SaaS)-based collaboration solutions. With the increasing focus on staying at home and maintaining social distance, individuals now prefer to stay at home, which has raised the amount of ideal time they have. This factor has promoted them towards various streaming platforms such as Amazon, Hulu, Apple TV, Disney+, Netflix, and YouTube, which is surging the demand for IaaS to capture the shifting consumer demand. On the other hand, the increasing number of cyber-attacks and critical digital loss will restraint market growth.

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Key Benefits of the Report:

This report offers an analytical depiction of the cloud computing market while providing the current trends and future estimations to determine the imminent investment pockets.
This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the cloud computing market share.
The report also provides a detailed cloud computing market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Cloud Computing Market report:

IBM
Microsoft Corporation
SAP SE
Oracle
com, Inc.
Adobe Inc.
Amazon Web Services, Inc.
Google LLC
Alibaba Cloud
VMware, Inc.
Fujitsu
Rackspace Inc.

Segmentation of the Cloud Computing Market:

Breakup by Service Model:

Infrastructure as a Service
Platform as a Service
Software as a Service

Breakup by Deployment Model:

Public Cloud
Private Cloud
Hybrid Cloud

Breakup by Organisation Size:

Small and Medium-Sized Enterprises
Large Enterprises

Breakup by Workload:

Storage, Backup, and Disaster Recovery
Application Development and Testing
Database Management
Business Analytics
Integration and Orchestration
Enterprise Resource Management
Collaboration and Content Management

Breakup by Industry Vertical:

Banking, Financial Services and Insurance
IT and Telecommunications
Government and Public Sector
Retail and Consumer Goods
Manufacturing
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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