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The global cloud computing market is expected to grow at a CAGR of 15% in the forecast period of 2024-2032 to attain USD 1873.59 billion by 2032.
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During the forecast period, the Asia Pacific region is projected to provide substantial growth opportunities. A few factors driving cloud computing adoption in this region are the growing availability of skilled labour and the keen emphasis given by SMEs and large enterprises to join and expand in this region. Public cloud services, in particular, have exploded in popularity in the Asia Pacific region as businesses look to improve their digital initiatives. Cloud computing has become the cornerstone of how many companies work today, as they strive for greater business agility and customer satisfaction. Organisations are working to improve application efficiency while still providing a positive customer experience.
Cloud computing is the distribution of computing services over the Internet (the cloud), including servers, storage, databases, networking, applications, analytics, and intelligence, in order to provide quicker innovation, more versatile resources, and economies of scale.
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The market is divided on the basis of service into:
In terms of deployment model, the market is divided into:
On the basis of organization size, the industry is segmented into:
In terms of end use, the market is segregated into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Enterprises are concerned about the costs of data hosting on-premises, both in terms of deployment and maintenance. Furthermore, employee costs and problems with downtime are two additional challenges for businesses. The current competitive environment and global economic conditions have intensified the implementation of cost-effective business model restructuring steps. Another factor driving the adoption of cloud computing services is the growing shift of businesses toward digital transformation and the acceleration of customer engagement, both of which are lowering enterprise costs. Furthermore, the cloud offers the pay-as-you-go model, which allows businesses to pay for cloud services based on how much they use them, resulting in lower costs. Therefore, boosting the market growth of cloud computing.
The report gives a detailed analysis of the following key players in the global cloud computing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Service |
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Breakup by Deployment Model |
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Breakup by Organisation Size |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cloud Computing Market Analysis
8.1 Key Industry Highlights
8.2 Global Cloud Computing Historical Market (2018-2023)
8.3 Global Cloud Computing Market Forecast (2024-2032)
8.4 Global Cloud Computing Market by Service
8.4.1 Software as a Service (SaaS)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Platform as a Service (PaaS)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Infrastructure as a Service (IaaS)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Cloud Computing Market by Deployment Model
8.5.1 Public
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Private
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Cloud Computing Market by Organisation Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Cloud Computing Market by End Use
8.7.1 BFSI
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 IT and Telecom
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Retail and Consumer Goods
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Energy and Utilities
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Healthcare
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Media and Entertainment
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Government and Public Sector
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Others
8.8 Global Cloud Computing Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Cloud Computing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cloud Computing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cloud Computing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cloud Computing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cloud Computing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Microsoft Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon Web Services
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Google LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SAP SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cloud Computing Market: Key Industry Highlights, 2018 and 2032
2. Global Cloud Computing Historical Market: Breakup by Service (USD Million), 2018-2023
3. Global Cloud Computing Market Forecast: Breakup by Service (USD Million), 2024-2032
4. Global Cloud Computing Historical Market: Breakup by Deployment Model (USD Million), 2018-2023
5. Global Cloud Computing Market Forecast: Breakup by Deployment Model (USD Million), 2024-2032
6. Global Cloud Computing Historical Market: Breakup by Enterprises Size (USD Million), 2018-2023
7. Global Cloud Computing Market Forecast: Breakup by Enterprises Size (USD Million), 2024-2032
8. Global Cloud Computing Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Cloud Computing Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Cloud Computing Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Cloud Computing Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Cloud Computing Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Cloud Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Cloud Computing Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Cloud Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Cloud Computing Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Cloud Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Cloud Computing Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Cloud Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Cloud Computing Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Cloud Computing Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Cloud Computing Market Structure
The market is assessed to grow at a CAGR of 15% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1873.59 billion by 2032.
The market is being driven by the rising popularity of public cloud services and the increasing focus of organisations to enhance their operational efficiency.
The increasing implementation of cost-effective business model restructuring steps, digital transformation of organisations, and the growing concerns regarding high costs associated with hosting data on-premises are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments based on service of cloud computing considered in the market report are Software as a Service (SaaS), Platform as a Service (Paas), and Infrastructure as a Service (IaaS).
The significant deployment models of cloud computing considered in the market report are public, private, and hybrid.
The various organisation sizes considered in the market report are large enterprises and small and medium enterprises.
The several end uses of cloud computing are BFSI, IT and telecom, retail and consumer goods, manufacturing, energy and utilities, healthcare, media and entertainment, and government and public sector, among others.
The major players in the market are Microsoft Corporation, Amazon Web Services, Oracle Corporation, Google LLC, and SAP SE, among others.
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