The public cloud services market size has the potential to grow by USD 221.84 billion during 2020-2024, and the market’s growth momentum will decelerate during the forecast period. This report provides a detailed analysis of the market by service (SaaS, IaaS, and PaaS) and geography (North America, Europe, APAC, South America, and MEA).
Market Competitive Analysis
The market is fragmented. Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and VMware Inc. are some of the major market participants. Factors such as increasing adoption of IoT and ml and big data technologies, shift toward reduced capital expenditures on IT hardware, and an increasing number of data center hyperscalers and colocation providers will offer immense growth opportunities. However, security and compliance issues related to public cloud, network connectivity issues and latency, and vendor lock-in and operational complexities may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this public cloud services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this public cloud services market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Alibaba Group Holding Ltd.
- Alphabet Inc.
- Amazon.com Inc.
- Cisco Systems Inc.
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- Salesforce.com Inc.
- SAP SE
- VMware Inc.
Public Cloud Services Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive public cloud services market growth during the next five years
- Precise estimation of the public cloud services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the public cloud services market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of public cloud services market vendors