Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), Solution (Collaboration & Productivity Suites, Customer Relationship Management, Human Capital Management), Infrastructure, Workload, Deployment, Organization Size, Industry - Global Forecast 2024-2030

[182 Pages Report] The Cloud Computing Market size was estimated at USD 524.76 billion in 2023 and expected to reach USD 604.16 billion in 2024, at a CAGR 15.22% to reach USD 1,414.98 billion by 2030.

Cloud computing refers to computing services, including servers, storage, databases, networking, software, analytics, and artificial intelligence, over the Internet. Cloud computing enables organizations to access and utilize IT resources efficiently and effectively. Cloud computing transforms the way businesses operate by offering flexibility, cost savings, enhanced collaboration, and improved security. The increase in digitalization across various end-use sectors and the inclination of businesses toward cloud-based solutions due to their cost-effectiveness and scalability are accelerating the use of cloud computing solutions. Implementing advanced technologies and automation across industrial verticals propels the demand for cloud computing services. However, interoperability issues between different platforms and a lack of technical expertise in managing complex cloud environments may impede their adoption by organizations worldwide. In addition, expanding cloud infrastructure through increased investment from private and government entities is anticipated to encourage the deployment of cloud computing solutions across businesses globally.

The adoption of cloud computing solutions is increasing in the Americas, primarily due to the presence of major providers driving innovation and expanding their infrastructure capacity to cater to rising demands from industries such as finance, healthcare, retail, and government entities. Furthermore, regulatory compliance requirements encourage businesses to adopt private or hybrid cloud solutions in the Americas region. The APAC region is witnessing significant adoption of cloud computing solutions owing to the rapid digital transformation, increasing internet penetration, and a growing number of SMEs leveraging technology-based services. Local governments' initiatives to promote digital infrastructure development serve as a catalyst for market growth in this region. The inclination of industries and business organizations toward Industry 4.0 in EMEA has stimulated strong demand for advanced IT resources and data storage capacities that can be delivered through cloud services. The presence of major IT companies provides the potential for organizations in the EMEA region to adopt cloud computing solutions seamlessly. Additionally, the growing emphasis of countries worldwide on economic diversification strategies has increased investments in data center construction projects, amplifying the potential for cloud computing expansion.

The market dynamics represent an ever-changing landscape of the Cloud Computing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Rising shift to remote work and the need for seamless collaboration tools
  • Government initiatives supporting cloud computing technologies and services
  • Increasing use of IoT and big data propelling generation of high volume data
• Market Restraints
  • Technical complexities caused by downtime and issues of vendor lock-in period
• Market Opportunities
  • Introduction of advanced hybrid, edge, and multi-cloud strategies in IT environments
  • New investments in large-scale cloud computing data centers worldwide
• Market Challenges
  • Concerns associated with data security and privacy breach

• Service Model: Growing digitalization inclining businesses toward cloud-based solutions

  Infrastructure as a Service (IaaS) allows enterprises to rent infrastructure components such as storage, networking, and servers on-demand and is suitable for organizations with fluctuating workloads. Platform as a Service (PaaS) offers a higher level of abstraction by providing a platform for developers to deploy and manage cloud applications. It includes pre-configured runtime environments and tools that support multiple programming languages. PaaS is ideal for rapid application development in organizations with limited IT staff expertise in managing infrastructure tasks. Software as a Service (SaaS) delivers functional applications to end-users through web browsers or dedicated client applications. The SaaS model eliminates the need for customers to manage software installation or upgrades on their local devices. SaaS is subscription-based pricing where users pay per seat or based on usage metrics, and its primary benefits are cost reduction, ease of use, and seamless updates for end users. IaaS is ideal for businesses requiring customizable infrastructure with scalable resources, while PaaS enables rapid application development without the burden of managing underlying systems, and SaaS provides ready-made software solutions that require minimal user intervention to update or maintain software applications.

• Solution: Collaboration & productivity suites have emerged as an essential tools for improving team communication and efficiency

  Collaboration & productivity suites are essential for businesses to enhance teamwork, communication, and task management. These tools enable organizations to streamline their operations and improve overall efficiency. Customer relationship management solutions help businesses manage customer data, interactions, sales pipelines, and marketing campaigns more effectively. Human capital management software helps organizations manage employee performance, talent acquisition, benefits administration, learning management systems (LMS), and payroll processing, among others. Supply chain management systems help businesses manage inventory, procurement, manufacturing, logistics, and forecasting.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cloud Computing Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The value chain of the Cloud Computing Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of theCloud Computing Market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

The regulatory framework analysis for the Cloud Computing Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cloud Computing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cloud Computing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Microsoft announces USD 3.2 billion investment in Australia's AI and cloud computing infrastructure

  Microsoft has announced its plan to invest USD 3.2 billion in Australia's AI and cloud computing infrastructure over the next two years. The objective of this investment is to significantly increase computing capacity within Australia by 250%. These investments focus on expanding the computing infrastructure and providing skills development and cyber security enhancements. [Published On: October 24, 2023]

• Google Cloud Partners With Decentralized Oracle

  Supra, a provider of decentralized oracle solutions, announced a strategic partnership with Google Cloud in the context of cloud computing. This partnership opens up new opportunities for Supra to leverage the global network, data centers, and computing power of Google Cloud. As a result, Supra gained access to premium APIs and data sources, allowing for faster and more accurate price feeds for various assets and markets, including cryptocurrencies, stocks, commodities, and forex. [Published On: October 24, 2023]

• Crusoe Announces Significant Expansion of Cloud Business with New Capacity and USD 200M in New Financing

  Crusoe Energy Systems LLC announced a substantial expansion of its cloud business. With the addition of new capacity and secured financing for GPU purchases, Cruose is committed to reducing the environmental impact of computing while providing AI customers with a reliable, sustainable, and cost-effective solution. This development represents a significant milestone in the growth journey of Cruose's AI solutions and is part of a substantial investment of USD 200 million. [Published On: October 23, 2023]

The report delves into recent significant developments in the Cloud Computing Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., NEC Corporation, Alibaba Group Holding Limited, Oracle Corporation, Salesforce Inc., Lenovo Group Limited, ServiceNow, Inc., Zoho Corporation Pvt. Ltd., Box, Inc., Accenture PLC, SAP SE, SoftBank Group, Adobe Inc., Tencent Holdings Ltd., Dassault Systèmes SE, NVIDIA Corporation, Rubrik International, Inc., Huawei Technologies Co., Ltd., Dell Inc., Broadcom Inc., Rackspace Technology, Inc., DreamHost, LLC, Dropbox, Inc., Citrix Systems, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, NTT Communications Corporation, Workday, Inc., Intel Corporation, Microsoft Corporation, Cockroach Labs, Inc., Atos SE, Nutanix, Inc., International Business Machines Corporation, Amazon Web Services, Inc., NetApp, Inc., Fujitsu Limited, DigitalOcean Holdings, Inc., and Google LLC by Alphabet Inc..

This research report categorizes the Cloud Computing Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Service Model
  • Infrastructure as a Service
  • Platform as a Service
  • Software as a Service
• Solution
  • Collaboration & Productivity Suites
  • Customer Relationship Management
  • Human Capital Management
  • Supply Chain Management
• Infrastructure
  • Archiving
  • Computing
  • Disaster Recovery & Backup
  • Primary Storage
• Workload
  • Application Development & Testing
  • Business Analytics
  • Collaboration & Content Management
  • Database Management
  • Enterprise Resource Management
  • Hypervisor & Edge computing
  • Integration & Orchestration
  • Storage, Backup & Disaster Recovery
• Deployment
  • Hybrid Cloud
  • Private cloud
  • Public cloud
• Organization Size
  • Large Enterprises
  • Small & Medium-sized Enterprises
• Industry
  • Aerospace & Defense
  • Automotive & Transportation
  • Banking, Financial Services & Insurance
  • Building, Construction & Real Estate
  • Consumer Goods & Retail
  • Education
  • Energy & Utilities
  • Government & Public Sector
  • Healthcare & Life Sciences
  • Information Technology
  • Manufacturing
  • Media & Entertainment
  • Telecommunication
  • Travel & Hospitality

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Georgia
      • Illinois
      • Massachusetts
      • New Jersey
      • New York
      • North Carolina
      • Ohio
      • Pennsylvania
      • Texas
      • Washington
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?