Cloud Computing Market Size, Share & Trends Report

Cloud Computing Market Size, Share & Trends Analysis Report By Service (Infrastructure as a Service, Platform as a Service), By Deployment, By Workload, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-4-68038-210-5
Number of Report Pages: 125
Format: PDF, Horizon Databook

Historical Range: 2018 - 2022
Forecast Period: 2024 - 2030
Industry: Technology

Market Segmentation

Cloud Computing Service Outlook (Revenue, USD Billion, 2018 - 2030)
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
Cloud Computing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
- Public
- Private
- Hybrid
Cloud Computing Workload Outlook (Revenue, USD Billion, 2018 - 2030)
- Application Development & Testing
- Data Storage & Backup
- Resource Management
- Orchestration Services
- Others
Cloud Computing Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
- Large Enterprises
- Small & Medium Enterprises
Cloud Computing End-use Outlook (Revenue, USD Billion, 2018 - 2030
- BFSI
- IT & Telecom
- Retail & Consumer Goods
- Manufacturing
- Energy & Utilities
- Healthcare
- Media & Entertainment
- Government & Public Sector
- Others
Cloud Computing Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
  - North America Cloud Computing Market, by Service
    - Infrastructure as a Service (IaaS)
    - Platform as a Service (PaaS)
    - Software as a Service (SaaS)
  - North America Cloud Computing Market, by Deployment
    - Public
    - Private
    - Hybrid
  - North America Cloud Computing Market, by Workload
    - Application Development & Testing
    - Data Storage & Backup
    - Resource Management
    - Orchestration Services
    - Others
  - North America Cloud Computing Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - North America Cloud Computing Market, by End Use
    - BFSI
    - IT & Telecom
    - Retail & Consumer Goods
    - Manufacturing
    - Energy & Utilities
    - Healthcare
    - Media & Entertainment
    - Government & Public Sector
    - Others
  - U.S.
    - U.S. Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - U.S. Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - U.S. Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - U.S. Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - U.S. Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - Canada
    - Canada Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Canada Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Canada Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Canada Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Canada Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - Mexico
    - Mexico Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Mexico Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Mexico Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Mexico Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Mexico Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
- Europe
  - Europe Cloud Computing Market, by Service
    - Infrastructure as a Service (IaaS)
    - Platform as a Service (PaaS)
    - Software as a Service (SaaS)
  - Europe Cloud Computing Market, by Deployment
    - Public
    - Private
    - Hybrid
  - Europe Cloud Computing Market, by Workload
    - Application Development & Testing
    - Data Storage & Backup
    - Resource Management
    - Orchestration Services
    - Others
  - Europe Cloud Computing Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - Europe Cloud Computing Market, by End Use
    - BFSI
    - IT & Telecom
    - Retail & Consumer Goods
    - Manufacturing
    - Energy & Utilities
    - Healthcare
    - Media & Entertainment
    - Government & Public Sector
    - Others
  - U.K.
    - U.K. Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - U.K. Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - U.K. Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - U.K. Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - U.K. Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - Germany
    - Germany Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Germany Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Germany Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Germany Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Germany Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - France
    - France Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - France Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - France Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - France Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - France Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
- Asia Pacific
  - Asia Pacific Cloud Computing Market, by Service
    - Infrastructure as a Service (IaaS)
    - Platform as a Service (PaaS)
    - Software as a Service (SaaS)
  - Asia Pacific Cloud Computing Market, by Deployment
    - Public
    - Private
    - Hybrid
  - Asia Pacific Cloud Computing Market, by Workload
    - Application Development & Testing
    - Data Storage & Backup
    - Resource Management
    - Orchestration Services
    - Others
  - Asia Pacific Cloud Computing Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - Asia Pacific Cloud Computing Market, by End Use
    - BFSI
    - IT & Telecom
    - Retail & Consumer Goods
    - Manufacturing
    - Energy & Utilities
    - Healthcare
    - Media & Entertainment
    - Government & Public Sector
    - Others
  - Japan
    - Japan Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Japan Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Japan Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Japan Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Japan Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - China
    - China Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - China Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - China Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - China Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - China Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - India
    - India Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - India Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - India Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - India Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - India Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - South Korea
    - South Korea Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - South Korea Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - South Korea Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - South Korea Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - South Korea Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - Australia
    - Australia Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Australia Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Australia Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Australia Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Australia Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
- Latin America
  - Latin America Cloud Computing Market, by Service
    - Infrastructure as a Service (IaaS)
    - Platform as a Service (PaaS)
    - Software as a Service (SaaS)
  - Latin America Cloud Computing Market, by Deployment
    - Public
    - Private
    - Hybrid
  - Latin America Cloud Computing Market, by Workload
    - Application Development & Testing
    - Data Storage & Backup
    - Resource Management
    - Orchestration Services
    - Others
  - Latin America Cloud Computing Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - Latin America Cloud Computing Market, by End Use
    - BFSI
    - IT & Telecom
    - Retail & Consumer Goods
    - Manufacturing
    - Energy & Utilities
    - Healthcare
    - Media & Entertainment
    - Government & Public Sector
    - Others
  - Brazil
    - Brazil Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Brazil Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Brazil Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Brazil Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Brazil Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
- MEA
  - MEA Cloud Computing Market, by Service
    - Infrastructure as a Service (IaaS)
    - Platform as a Service (PaaS)
    - Software as a Service (SaaS)
  - MEA Cloud Computing Market, by Deployment
    - Public
    - Private
    - Hybrid
  - MEA Cloud Computing Market, by Workload
    - Application Development & Testing
    - Data Storage & Backup
    - Resource Management
    - Orchestration Services
    - Others
  - MEA Cloud Computing Market, by Enterprise Size
    - Large Enterprises
    - Small & Medium Enterprises
  - MEA Cloud Computing Market, by End Use
    - BFSI
    - IT & Telecom
    - Retail & Consumer Goods
    - Manufacturing
    - Energy & Utilities
    - Healthcare
    - Media & Entertainment
    - Government & Public Sector
    - Others
  - United Arab Emirates (UAE)
    - United Arab Emirates (UAE) Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - United Arab Emirates (UAE) Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - United Arab Emirates (UAE) Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - United Arab Emirates (UAE) Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - United Arab Emirates (UAE) Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - Saudi Arabia
    - Saudi Arabia Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - Saudi Arabia Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - Saudi Arabia Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - Saudi Arabia Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - Saudi Arabia Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others
  - South Africa
    - South Africa Cloud Computing Market, by Service
      - Infrastructure as a Service (IaaS)
      - Platform as a Service (PaaS)
      - Software as a Service (SaaS)
    - South Africa Cloud Computing Market, by Deployment
      - Public
      - Private
      - Hybrid
    - South Africa Cloud Computing Market, by Workload
      - Application Development & Testing
      - Data Storage & Backup
      - Resource Management
      - Orchestration Services
      - Others
    - South Africa Cloud Computing Market, by Enterprise Size
      - Large Enterprises
      - Small & Medium Enterprises
    - South Africa Cloud Computing Market, by End Use
      - BFSI
      - IT & Telecom
      - Retail & Consumer Goods
      - Manufacturing
      - Energy & Utilities
      - Healthcare
      - Media & Entertainment
      - Government & Public Sector
      - Others

Cloud Computing Market Dynamics

Driver: Growing Preference for Migrating Business Applications to The Cloud

Cloud migration includes the transfer of data, business software, and other business-critical applications to the cloud computing ecosystem. Migrating business applications to the cloud can help organizations simplify communication and streamline their business operations. Hence, several organizations, particularly large enterprises, are aggressively opting for cloud migration as part of their IT transformation strategy, thereby driving the growth of the market. Cloud migration benefits enterprises in the form of increased agility and flexibility in business while allowing them to innovate faster, reduce the total cost of ownership, effectively manage the continuously changing consumer demands, and reduce the time to market. For instance, in February 2023, Bharti Airtel, India’s communications solutions provider, partnered with Vultr, a cloud computing company, to offer cloud solutions to enterprises in India. All of Vultr's services will be available as part of Airtel’s enterprise solutions, including cloud computing, along with cloud Graphics Processing Units (GPUs) and fractionalized GPU offerings that can be used to handle advanced workloads involving machine learning, artificial intelligence, analytics, visual computing, high-performance computing, and gaming.

Driver: Growing Preference for Multi-Cloud Management Strategy to Prevent Vendor Lock-Ins

Vendor lock-in in cloud computing refers to a condition whereby a business is unable to switch from the existing cloud service provider to a different cloud service provider. Vendor lock-ins can potentially take a severe toll on corporate processes and organizational performance. To avoid any such situations, businesses prefer hiring multiple cloud platform providers rather than relying on a single vendor. As a result, the demand for effective multi-cloud management solutions among multi-cloud customers is increasing, thereby contributing to the growth of the cloud computing market. Pursuing a multi-cloud management strategy or having multiple cloud platform providers onboard allows businesses to switch between vendors and reduce their reliance on a single vendor. Having multiple cloud platform providers onboard also provides a higher bargaining power while negotiating the pricing. As a result, businesses are increasingly deploying their applications across multiple private and public clouds to prevent vendor lock-ins.

Restraint: Growing Concerns Over Data Security and Privacy Protection

Concerns over data security and privacy protection are emerging as the major restraints hindering the growth of the cloud computing market and posing significant challenges for cloud platform vendors. Data stored and applications hosted on the cloud are often prone to cyber threats, such as data breaches, hijacking of accounts, insider threats, malware injection, and the subsequent data loss associated with the cyber threats. The use of insecure Application Programming Interfaces (APIs) and the inadequate due diligence of technology can also expose the data and business applications hosted on the cloud to cyber threats. Sensitive data, such as information about intellectual property, hosted on the cloud, is typically at a very high risk of data theft. While both large and small & medium enterprises are finding it convenient to store their data and host their business applications on the cloud, the risks of unauthorized access to business-critical data and applications are also growing, particularly if the cloud platforms selected for hosting business applications lack adequate security.

Opportunity: Increasing Government Spending On Cloud Adoption

Cloud computing is gaining traction across a wide range of countries. The use of cloud computing reduces the cost of acquiring, establishing, operating, and maintaining technological services. With cloud computing, governments can streamline their technology operations, resulting in a reduction in the amount of time taken to process citizen-facing transactions. As a result of cloud computing, governments are also able to respond quickly to user demands, leading to the growth of the public sector. The cloud computing industry providers are expanding their reach to new regions to provide customers with access to flexible and innovative cloud solutions that meet the most demanding data residency requirements and help government organizations transform their operations digitally. For instance, in May 2023, Oracle Corporation partnered with Injazat Data Centers LLC, an Abu Dhabi-based cloud services provider, to drive cloud adoption and innovation across the federal government and Abu Dhabi's local government agencies.

What Does This Report Include?

This section will provide insights into the contents included in this cloud computing market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Cloud computing market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Cloud computing market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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