Market
Overview:
With the increasing use of cloud computing, the
market for public cloud is destined to increase. Market Research Future (MRFR)
has published a research report regarding the Global
Public Cloud Market that estimates massive growth for this market with
22.78% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of
cash, this market is expected to be worth the US $ 1,132.88 bn during the
forecast period.
The key factors driving the global Public Cloud Market include more enterprises and micro business entities
shifting towards digitization, expansion of the internet-of-things (IoT), and
the introduction of new frameworks to boost digitization and frameworks to
facilitate low-cost internet services for citizens in countries with speedy
development.
Key
Players:
The key
players in the global public cloud market include Amazon.com Inc. (USA), Cisco
Systems Inc. (USA), Fujitsu Limited (Japan), Google Inc. (USA), Hewlett-Packard
Enterprise (USA), International Business Machines Corporation {IBM (USA)},
Microsoft Corporation (USA), Oracle Corporation (USA), Salesforce.com (USA),
and VMware Inc. (USA).
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Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2291
Segmentation:
The global public cloud market is segmented on the
basis of cloud computing, service type, organization size, end use industry,
and region.
·
By cloud computing, the global
public cloud market is segmented into cloud billing, cloud communication
platforms, cloud access security, cloud high performance computing, and cloud
infrastructure. The cloud infrastructure segment currently dominates the global
public cloud, but cloud billing is likely to witness the highest CAGR over the
forecast period.
·
By service type, the global
public cloud market is segmented into SaaS, PaaS, and IaaS. SaaS is likely to
exhibit the highest growth rate over the forecast period, as it offers users
the convenience of being able to access the services without installing them.
·
By organization size, the global
public cloud market is segmented into large enterprises and small &
midsized enterprises.
·
By end use, the public
cloud market is segmented into manufacturing, BFSI, healthcare, retail,
government, aerospace and defense, IT and telecommunications, and others. BFSI
is likely to be the major revenue generator for the global public cloud market
over the forecast period due to the growing adoption of mobile apps and related
ecosystems in the BFSI sector.
Regional
Analysis:
North America is likely to dominate the global
public cloud market over the forecast period, followed by Europe. The adoption
of public cloud has been widespread in North America. Growing government
support to public cloud expansion is also likely to be a major driver for the
public cloud market in North America over the forecast period. Europe is also a
leading regional market for public cloud due to the strong government support
for widespread installation of public cloud infrastructure. The increasing use
of 5G connectivity and the growing reliance on mobile apps for transactions are
likely to drive the usage of public cloud systems in developed regions such as
North America and Europe over the forecast period.
Asia Pacific, Latin America, the Middle East, and
Africa are likely to exhibit low growth rates over the forecast period, though
the market could see significant opportunities open up in Asia Pacific in the
coming years due to the growing demand for advanced connectivity solutions in
the regions.
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Complete Report @ https://www.marketresearchfuture.com/reports/public-cloud-market-2291
Latest
Industry News
·
Accenture has helped
Carlsberg transition with its IT infrastructure to the public cloud. 16 NOV
2018
·
NiceLabel, a global
developer of label design software and label management systems, has launched
the first public cloud label management system. This system has been developed
to allow businesses to transform their factory and warehouse labeling process
digitally. 15 NOV 2018
About
Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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