Global Cloud Computing Market, By Service Model (IaaS, PaaS, SaaS), Deployment Model (Public Cloud, Private Cloud, cloud computing), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical, and Region - Industry Analysis and Forecast to 2024
The global cloud computing market is expected to grow from USD 260.10 billion in 2019 to USD 585.74 billion by 2024 at a CAGR of 17.6%.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global cloud computing market. The historic years considered for the study are 2015-2017, base year is 2018, estimated year is 2019, and forecast period is 2020-2024.
Key players operating in the global cloud computing market are AWS, Microsoft, Google, IBM, Alibaba, Oracle, SAP, Salesforce, Adobe, Verizon, VMware, Fujitsu, Centurylink, NTT Commnications, and Rackspace.
Cloud computing refers to the on-demand availability of data storage and computing resources through the internet. The services are offered in the form of computing infrastructure, operating platform, or software systems/tools. In general, cloud computing also refers to the availability of data centers to the end users through the internet. It offers scalability, easy management, and flexible pay-as-you-go payment model to the end users.
Market Drivers
Need for Cost-effective and Scalable Computing
Effective Solution for Business Continuity
Market Restraints
Requirement of Robust Security Solutions
Market Opportunities
Digital Transformation
Evolution of IoT
Market Challenges
Big Differences in Cloud Service Offerings
Critical Questions Answered in the Report
What are the key trends in the global cloud computing market?
How the market (and its various sub-segments) has grown in the last four years and what would be the growth rate in next five years?
What are the key strategies adopted by the major vendors to lead in the global cloud computing market?
What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 150 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecasted period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Need for Cost-effective and Scalable Computing
4.2.2 Effective Solution for Business Continuity
4.3 Restraints
4.3.1 Requirement of Robust Security Solutions
4.4 Opportunities
4.4.1 Digital Transformation
4.4.2 Evolution of IoT
4.5 Challenges
4.5.1 Big Differences in Cloud Service Offerings
4.6 Porter's Five Forces Model Analysis
4.7 Value Chain Analysis
4.8 Regulatory Landscape
5 Global Cloud Computing Market, By Service Model
5.1 Introduction
5.2 Infrastructre as a Service (IaaS)
5.3 Platform as a Service (PaaS)
5.4 Software as a Service (SaaS)
6 Global Cloud Computing Market, By Deployment Model
6.1 Introduction
6.2 Public Cloud
6.3 Private Cloud
6.4 Hybrid Cloud
7 Global Cloud Computing Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium Enterprises
8 Global Cloud Computing Market, By Industry Vertical
8.1 Introduction
8.2 Banking, Financial Services, and Insurance
8.3 Telecom and IT
8.4 Government and Public Sector
8.5 Retail and Consumer Goods
8.6 Healthcare
8.7 Education
8.8 Media and Entertainment
8.9 Energy and Utilities
8.10 Manufacturing
8.11 Others
9 Global Cloud Computing Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Rest of Asia-Pacific
9.5 Middle East and Africa
9.6 South America
10 Competitive Landscape
10.1 Introduction
10.2 Vendor Evaluation Criteria
10.3 Vendor Share Analysis, 2018
10.4 Recent Developments, 2016-2019
10.4.1 New Product Launches
10.4.2 Partnerships
10.4.3 Mergers or Acquisitions
10.4.4 Business Expansions
11 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not reprsent their rankings in the market.)
11.1 AWS
11.2 Microsoft
11.3 Google
11.4 IBM
11.5 Alibaba
11.6 Oracle
11.7 SAP
11.8 Salesforce
11.9 Adobe
11.10 Verizon
11.11 VMware
11.12 Fujitsu
11.13 Centurylink
11.14 NTT Commnications
11.15 Rackspace
12 Appendix
12.1 Discussion Guide
12.2 Customization Options
12.3 Related Reports
List of Tables
Table 1 Global Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 2 Global Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 3 Global Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 4 Global Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 5 Global Cloud Computing Market, By Region, 2015-2024 (USD Million)
Table 6 North America Cloud Computing Market, By Country, 2015-2024 (USD Million)
Table 7 North America Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 8 North America Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 9 North America Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 10 North America Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 11 United States Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 12 United States Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 13 United States Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 14 United States Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 15 Canada Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 16 Canada Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 17 Canada Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 18 Canada Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 19 Mexico Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 20 Mexico Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 21 Mexico Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 22 Mexico Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 23 Europe Cloud Computing Market, By Country, 2015-2024 (USD Million)
Table 24 Europe Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 25 Europe Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 26 Europe Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 27 Europe Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 28 Germany Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 29 Germany Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 30 Germany Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 31 Germany Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 32 United Kingdom Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 33 United Kingdom Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 34 United Kingdom Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 35 United Kingdom Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 36 France Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 37 France Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 38 France Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 39 France Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 40 Italy Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 41 Italy Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 42 Italy Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 43 Italy Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 44 Spain Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 45 Spain Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 46 Spain Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 47 Spain Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 48 Rest of Europe Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 49 Rest of Europe Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 50 Rest of Europe Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 51 Rest of Europe Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 52 Asia-Pacific Cloud Computing Market, By Country, 2015-2024 (USD Million)
Table 53 Asia-Pacific Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 54 Asia-Pacific Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 55 Asia-Pacific Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 56 Asia-Pacific Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 57 China Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 58 China Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 59 China Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 60 China Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 61 India Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 62 India Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 63 India Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 64 India Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 65 Japan Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 66 Japan Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 67 Japan Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 68 Japan Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 69 South Korea Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 70 South Korea Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 71 South Korea Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 72 South Korea Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 73 Rest of Asia-Pacific Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 74 Rest of Asia-Pacific Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 75 Rest of Asia-Pacific Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 76 Rest of Asia-Pacific Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 77 Middle East and Africa Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 78 Middle East and Africa Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 79 Middle East and Africa Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 80 Middle East and Africa Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
Table 81 South America Cloud Computing Market, By Service Model, 2015-2024 (USD Million)
Table 82 South America Cloud Computing Market, By Deployment Model, 2015-2024 (USD Million)
Table 83 South America Cloud Computing Market, By Organization Size, 2015-2024 (USD Million)
Table 84 South America Cloud Computing Market, By Industry Vertical, 2015-2024 (USD Million)
List of Figures
Figure 1 Global Cloud Computing Market: Market Segmentation
Figure 2 Global Cloud Computing Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Cloud Computing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Cloud Computing Market: Porter's Five Forces Model Analysis
Figure 9 Global Cloud Computing Market: Value Chain Analysis
Figure 10 Global Cloud Computing Market Share Analysis, By Service Model, 2019 and 2024
Figure 11 Global Cloud Computing Market Share Analysis, By Deployment Model, 2019 and 2024
Figure 12 Global Cloud Computing Market Share Analysis, By Organization Size, 2019 and 2024
Figure 13 Global Cloud Computing Market Share Analysis, By Industry Vertical, 2019 and 2024
Figure 14 Global Cloud Computing Market Share Analysis, By Region, 2019 and 2024
Figure 15 North America Cloud Computing Market Share Analysis, By Country, 2019 and 2024
Figure 16 North America Cloud Computing Market Share Analysis, By Service Model, 2019 and 2024
Figure 17 North America Cloud Computing Market Share Analysis, By Deployment Model, 2019 and 2024
Figure 18 North America Cloud Computing Market Share Analysis, By Organization Size, 2019 and 2024
Figure 19 North America Cloud Computing Market Share Analysis, By Industry Vertical, 2019 and 2024
Figure 20 Europe Cloud Computing Market Share Analysis, By Country, 2019 and 2024
Figure 21 Europe Cloud Computing Market Share Analysis, By Service Model, 2019 and 2024
Figure 22 Europe Cloud Computing Market Share Analysis, By Deployment Model, 2019 and 2024
Figure 23 Europe Cloud Computing Market Share Analysis, By Organization Size, 2019 and 2024
Figure 24 Europe Cloud Computing Market Share Analysis, By Industry Vertical, 2019 and 2024
Figure 25 Asia-Pacific Cloud Computing Market Share Analysis, By Country, 2019 and 2024
Figure 26 Asia-Pacific Cloud Computing Market Share Analysis, By Service Model, 2019 and 2024
Figure 27 Asia-Pacific Cloud Computing Market Share Analysis, By Deployment Model, 2019 and 2024
Figure 28 Asia-Pacific Cloud Computing Market Share Analysis, By Organization Size, 2019 and 2024
Figure 29 Asia-Pacific Cloud Computing Market Share Analysis, By Industry Vertical, 2019 and 2024
Figure 30 Middle East and Africa Cloud Computing Market Share Analysis, By Service Model, 2019 and 2024
Figure 31 Middle East and Africa Cloud Computing Market Share Analysis, By Deployment Model, 2019 and 2024
Figure 32 Middle East and Africa Cloud Computing Market Share Analysis, By Organization Size, 2019 and 2024
Figure 33 Middle East and Africa Cloud Computing Market Share Analysis, By Industry Vertical, 2019 and 2024
Figure 34 South America Cloud Computing Market Share Analysis, By Service Model, 2019 and 2024
Figure 35 South America Cloud Computing Market Share Analysis, By Deployment Model, 2019 and 2024
Figure 36 South America Cloud Computing Market Share Analysis, By Organization Size, 2019 and 2024
Figure 37 South America Cloud Computing Market Share Analysis, By Industry Vertical, 2019 and 2024
Figure 38 Global Cloud Computing Market: Competitive Benchmarking
Figure 39 Global Cloud Computing Market: Vendor Share Analysis, 2018