Market Size (2018)
2018
—
ICT
Cloud Computing Market
By Segment, By Region, And Segment Forecasts, 2018 – 2024
Vertical: ICTBase Year: 20189 Sections
Executive Summary
Cloud Computing Market — Snapshot
Projected (2024)
2024
—
CAGR (2018–2024)
N/A
Key Players
112+
The cloud computing market offers three models to the end users—public cloud, private cloud, and hybrid cloud. A public cloud is the cloud computing architecture that provides high-performance computing infrastructure to enterprises at low cost along with the key benefits of the cloud such as the provision of scalability, longer uptime, pay-as-you-go model, and higher efficiency. The service provider entirely maintains the infrastructure, providing some basic security and performing system updates for its clients. Public cloud is mostly adopted by businesses that have a high requirement for low-cost computing infrastructure and due to this trend, the public cloud is gaining huge popularity and adoption among enterprises of all scale. In a private cloud computing architecture, all the computing resources are owned and maintained by the end user, which provides them with greater control and security. This cloud model is mostly adopted by businesses that have a high requirement of security, business governance, and compliance with regulatory standards. A hybrid cloud is a combination of both private and public cloud architectures, which gives the advantage of cloud bursting to the customers. This model is also referred to as an expansion of private cloud where during peak demands, large volumes of insensitive data and less important applications are migrated to the public cloud while critical and sensitive data are stored and processed in the private cloud. It extensively makes use of automation and orchestration tools to enable synchronization between private and public clouds.
Among the three cloud computing models, hybrid cloud is gaining pace compared to the public or private cloud due to the flexibility associated with the management of security, cost, and customer demand. Public cloud has the largest size among the three cloud models as many organizations prefer this model due to its low cost. The market size for private cloud is almost one-third of that of public cloud and it is growing at a slower rate than public cloud year over year. Continuous evolution of IoT and smart technologies and the development of smart cities across the globe are expected to offer growth opportunities in the cloud computing market. However, various government laws related to data security and privacy of customers act as a restraining factor for the growth of the market.
In this study, the cloud computing market has been segmented on the basis of service model, deployment, organization size, and vertical. The services considered in this study are software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). By deployment, the market has been segmented into public cloud, hybrid cloud, and private cloud. Based on organization size, the market has been segmented into large enterprises and small- and medium-sized enterprises (SMEs). The major verticals of cloud computing market covered in the study are banking, financial services, and insurance (BFSI), manufacturing, retail and consumer goods, IT and telecommunication, government and public sector, media and entertainment, energy and utilities, healthcare and life sciences, and others. Finally, the regions covered in this study are North America, Europe, Asia-Pacific, the Middle-East and Africa, and South America. North America has been further segmented into the US, Canada, and Mexico; Europe into the UK, Germany, France, Spain, Italy, and the rest of Europe; and Asia-Pacific into China, Japan, India, and the rest of Asia-Pacific.
In the services segment, SaaS segment is the largest market share holder whereas IaaS segment is expected to grow at the highest CAGR during the forecast period. Among the end-users, BFSI is the largest contributor whereas retail is expected to grow with the highest CAGR from 2019 to 2024. North America currently dominates the market and is expected to continue its position in terms of market share, whereas Asia-Pacific is expected to be the fastest growing region during the forecast period.
The major vendors profiled in the study are Amazon Web Services, Inc., Microsoft Corporation, Google LLC, Oracle Corporation, Cisco Systems, Inc., Salesforce.com, Inc., SAP SE, VMware, Inc., IBM Corporation, Alibaba Group Holding Limited, Rackspace Inc., Adobe Inc., SAS Institute Inc., Dell EMC, and TIBCO Software Inc. The strategy of partnerships, agreements, and collaboration is observed to be the most prominent strategy adopted by the major vendors from 2017 to 2019 Q2 to improve their position and excel in the cloud computing market.
Key Insight
Cloud Computing Market is a key focus area for market intelligence and strategic research.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Rest of the World, Europe, North America.
- Market Segmentation: The market is analyzed across key segments with forecasts from 2018 to 2024.
- Competitive Landscape: 112 leading companies are profiled, covering market positioning, strategies, and recent developments.
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View Subscription PlansMarket Overview
Cloud Computing Market — Growth Trajectory
Cloud computing is an IT service delivery model where third-party service providers offer computing resources and software tools through the Internet. In this service model, the user pays only as per the use of the computing device along with storage and bandwidth they consume. Cloud computing offers numerous benefits over on-premises hardware infrastructure such as faster deployment, low cost, scalability, mobility support, disaster recovery, and less burden on IT staff to maintain the systems.
Market Share by Application
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View Subscription PlansMarket Dimensions
How this market is segmented
- Service Model Service Model is broken down into: Infrastructure as a Service (IaaS), Platform as a Service, Software as a Service.
- Deployment Mode Deployment Mode is broken down into: Private Cloud, Public Cloud, Hybrid Cloud.
- Organization Size Organization Size is broken down into: Small- and Medium-Sized Enterprises, Large Enterprises.
- Vertical Vertical is broken down into: Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Health and Life Sciences, Others.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific is one of the key regions covered in this market analysis.
- Rest of the World Rest of the World is one of the key regions covered in this market analysis.
- Europe Europe is one of the key regions covered in this market analysis.
- North America North America is one of the key regions covered in this market analysis.
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View Subscription PlansResearch Methodology
Cloud Computing Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2018 – 2018
Forecast Period
2018 – 2024
Primary Interviews
150+
Research Process
Historical data (2018–2018) and forecast period (2018–2024)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Competitive Landscape & Porter's Five Forces
Cloud Computing Market — Competitive Analysis
Michael Porter’s Five Forces model is a framework to study the global cloud compluting market. Strategic business managers, trying to gain an edge over competitive firms in the global cloud computing market, can utilize this model to better comprehend the industry in which the company operates. The components of each of the forces and the degree of impact of each component in the context of the global cloud computing market have been broken down and analyzed.
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Analytics
Cloud Computing Market — Key Findings
Analytical insights on Cloud Computing Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
Cloud Computing Market represents a significant market opportunity with multiple growth drivers across regions and segments.
Market Dynamics
The cloud computing market is driven by various factors such as its numerous advantages over on-premise IT systems and increasing BYOD trend. The market is refrained by stringent government regulations for data security and privacy. However, increasing demand for AI and IoT is expected to offer growth opportunities for the market.
Market Drivers
Cloud offers numerous benefits over on-premises IT infrastructures, such as low cost, less burden on IT staff to maintain the hardware and software resources, and scalability. To operate with high efficiency, enterprises must maintain the working of hardware components. However, due to the high cost of maintenance, the overall cost for the company increases. With the use of cloud services, companies can store data and use software tools on the cloud without requiring any additional hardware storage units and other devices, such as gateways, routers, and servers on-premise. The major benefit provided by private cloud services is that the information can be accessed from any location remotely. This reduces the need to deploy hardware on-premise and subsequently, the cost incurred in maintaining the assets. Moreover, it also allows easy scalability of hardware resources so that companies can quickly increase their resources during peak demand and unsubscribe the resources when they are not required. This offers another advantage to the companies by reducing their overall operational and capital expenditures.
Market Opportunities
The advanced computing technologies such as IoT and artificial intelligence (AI) are being widely used in commercial sectors and industries. The increased adoption of IoT solutions generates huge volumes of data where cloud computing acts as a critical component for storing and managing the data. There are many emerging startups that are running their businesses by combining AI with the cloud. For instance, Veritone has developed an AI-based operating system based on a cloud-native cognitive computing platform for analyzing the mass volume of data getting generated from various sources. Another company, Quantifi, uses cloud-based AI system to improve the digital advertisement placement for various brands by analyzing large data sets. Similarly, all major AI and IoT-based applications are powered by cloud at the backend and thus, their increasing penetration in diverse industry verticals is offering a number of opportunities of growth for the cloud computing market.
Market Restraints
Enterprises generate large volumes of data which is stored over the Internet, which can lead to various concerns regarding data privacy and security. Cloud-based services offer numerous benefits, however, the risk of data protection is one of the most critical issues faced by organizations. Most of the organizations are reluctant to permit the transfer of critical data to a third party to avoid data breach or misuse. Moreover, there are numerous laws and regulations in various parts of the world that restrict the transfer of their citizens' data outside the country’s border. The major countries/regions, where such laws govern include the US, the European Union (EU), China, Japan, Australia, Brazil, and South Korea
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Companies
Key companies profiled in Cloud Computing Market
Profiles of 112 companies operating in the Cloud Computing Market market, including revenue, employee count, and market positioning where available.
Showing 112 of 112 companies
Tibco soft
Tibco software Inc
ICT
Company Headquarters: US Founded: 1985 Workforce: ~ 3,800 Company Working: TIBCO Software Inc. engages in the provision of infrastructure and business intelligence software services and solutions worldwide. The company offers products in the areas of integration and core infrastructure, business optimization, and process automation. It also provides professional services that include consulting services, such as systems planning and design, installation, and systems integration, maintenance and support, and hosted services. TIBCO Software Inc. serves financial services, telecommunications, energy, retail, life sciences, manufacturing, transportation, government, insurance, and business services industries.
RevenueN/A
Employees3,800
Market CapN/A
Founded1984
US
SAS Instit
SAS Institute Inc.
ICT
Company Headquarters: US Founded: 1976 Workforce: ~14,185 Company Working: SAS Institute Inc. (SAS) is a leading provider of business intelligence and analytics software and services. The company offers its solutions and services in business segments such as advanced analytics, IoT solutions, personal data protection, risk management, AI solutions, business intelligence and analytics, cloud analytics, customer intelligence, data management, fraud and security intelligence, small and midsize business, and supply chain intelligence. The business intelligence and analytics solutions segment includes visual data exploration, analytics, interactive reporting and dashboards, collaboration, and mobile business intelligence products. The company also offers cloud analytics solutions, software-as-a-service (SaaS), remote managed software and services, and hosted managed services. Geographically, the company operates its business units in three regions, namely the Americas, Europe, the Middle East, and Africa, and Asia-Pacific.
Revenue$0.0B
Employees14,185
Market CapN/A
Founded1975
US
Adobe Syst
Adobe Systems Inc.
ICT
Company Headquarters: US Founded: 1982 Workforce: ~ 17,900 Company Working: Adobe Systems Inc. develops and markets computer software and operates through the digital media, digital marketing, and print and publishing segments. The company markets Adobe Connect, a virtual classroom solution through its publishing segment. The products and solutions offered by Adobe Systems are used by large, small and medium businesses and end-consumers for creating, managing, and delivering engaging content and experiences across personal computers, smartphones, tablets, and other devices. The products offered by the company are Photoshop, Creative Cloud, Lightroom, Illustrator, InDesign, Adobe XD, Animate, Dreamweaver, Lightroom Classic, and Story Plus, among others. The company also provides marketing and analytical solutions such as content management, email marketing, personalization, analytics, advertising, and data management platforms. Adobe Systems offers its solutions to media and entertainment, travel and hospitality, retail, telecommunications, high tech, government, and financial sectors. The company markets its products and services via websites, sales force, and field offices, distributor network, value-added resellers (VARs), independent software vendors, system integrators, retailers, software developers, and original equipment manufacturers. Adobe Systems operates in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.
Revenue$0.0B
Employees17,900
Market CapN/A
Founded1981
US
Alibaba Gr
Alibaba Group Holding Limited
ICT
Company Headquarters: China Founded: 1999 Workforce: ~101,550 Company Working: Alibaba Group Holding Limited engages in online and mobile commerce business through its wide range of products, services, and technology. The company enables merchants, brands and other businesses to transform the way they operate, market, and sell their products and services in China and other countries. It provides the fundamental technology infrastructure and marketing reach, thereby enabling businesses to utilize the Internet to establish an online presence and conduct commerce millions of consumers and other businesses. The company primarily operates through core commerce, cloud computing, mobile media and entertainment, and other innovation initiatives business segments. The core commerce business segment comprises marketplaces operating retail commerce and wholesale commerce in China; and international and cross-border commerce. The cloud segment offers a complete suite of cloud services such as storage and content delivery network (CDN), elastic computing, database, security and management, large-scale computing, and application services. The mobile media and entertainment segment comprise three distribution platforms, namely UCWeb mobile media, game publishing and multi-screen entertainment, content creation, and production companies in film, and music and sports
Revenue$0.1B
Employees101,550
Market CapN/A
Founded1998
China
Alphabet I
Alphabet Inc.
ICT
Alphabet Inc. (Alphabet) is an American multinational company that operates through a collection of businesses of several industries, including technology, life sciences, investment capital, and research. Its subsidiaries include Calico, CapitalG, Chronicle, DeepMind, Google, Google Fiber GV, Jigsaw, Sidewalk Labs, Verily, Waymo, and X, among which Google accounts for the largest share of total revenue generated by Alphabet. In 2016, the net revenue of the company was USD 89.5 billion, which is around 99% of the total revenue of Alphabet, Inc. Google announced its conglomerate to be Alphabet on August 10, 2015. Google is Alphabet’s leading and largest subsidiary. Google, Inc. is a leading technology company specialized in internet-related service and products. It is a wholly owned subsidiary of Alphabet, Inc. Online advertising, search engine, cloud computing, software, and hardware are some of the major specialized products of Google. In retail cloud market, Google offers cloud platform and analytics solution to retail customers. Google is an American multinational company and initially was incorporated as a privately held company. Later, in 2004, the company announced its first public offering. The company offers managed services in terms of work productivity, scheduling, time management, instant messaging, video chats, language translation, mapping, video sharing, notetaking & photo organizing and editing, through its various applications. Google offers Google Search, Google Now, AdWords, AdSense, Double Click Ad Exchange, AdExchange, and AdMob. Google is known to build technology products and provide services to organize information.
Revenue$0.2B
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
Oracle Cor
Oracle Corporation
ICT
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Revenue$39.5B
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Cloud Computing Market
Starting from
$4,950