Public Cloud Services Market By Service Type (Cloud System Infrastructure Services (IaaS), Cloud Application Infrastructure Services (PaaS), Cloud Business Process Services (BPaaS), Cloud Application Services (SaaS), Cloud Management and Security Services), By Industry Vertical (BFSI, IT & Telecom, Retail, Government, Manufacturing & processing, Healthcare, and Others (Education)) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027

The global public cloud services market was valued at US$ 182.36 billion in 2018 and is expected to grow rapidly, expanding at a CAGR of 16.5% from 2019 to 2027.By 2027, North America will continue to be the largest public cloud service market.

North America represented the largest public cloud services market worldwide in 2018, accounting for over 42% of the total market value. The U.S. was the largest public cloud services market in North America and worldwide. The strong market position of the region is primarily due to the presence of a large number of established vendors and the relatively higher penetration of cloud technology among business organizations across different industry verticals. The multitude of R&D and resulting investments dedicated towards the field of cloud computing have ensured a relatively greater adoption of cloud solutions and services in the region. On the other hand, Asia Pacific is foreseen to become the most attractive and profitable business destination for public cloud service vendors during the latter half of the forecast period of 2019–2027. At present, the penetration of cloud technology is relatively low in the region. The regulatory landscape, dynamic market maturity levels, and privacy and security concerns have resulted in inconsistent adoption of cloud technologies in the region. However, with the evolving IT landscape, it is projected that the adoption of public cloud technologies will improve and change how service providers offer applications to their end customers in the region.

Cloud Application Services (SaaS) to Dominate Throughout the Forecast Period

In the base year 2018, the value contribution from cloud application services (SaaS) was the largest in the global public cloud services market. The segment garnered around 45% of the global public cloud service revenue in the same year. The growth in this segment is largely due to increased sales of applications, including customer relationship management (CRM), enterprise resource management (ERM), and content workflow management, among others. On the other hand, the value contribution from cloud system infrastructure services (IaaS) is expected to register the fastest growth. The ongoing paradigm shift in the way businesses worldwide choose and manage their IT infrastructure has necessitated them to install applications across multiple infrastructures, thereby augmenting demand for IaaS offerings.

Key Players:

Some of the leading manufacturers profiled in the research study include Amazon Web Services, Salesforce.com, Microsoft Corporation, Google LLC, Oracle Corporation, SAP SE, The Hewlett-Packard Company, IBM Corporation, VMware, Inc., Cisco Systems, Inc., and Rackspace, Inc., among others.

Periods of History and Forecast

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the global market value of public cloud services in 2017 and 2018?
  • What are the estimated forecast and market projections for the global public cloud services market from 2019 through 2026?
  • Which is the largest public cloud services market in terms of geography?
  • Which cloud service delivery model contributes the most revenue worldwide?
  • Which end-use vertical has the highest penetration of public cloud services?
  • Which end-use vertical will be the most attractive segment for vendors to invest in?
  • Predominant trends shaping the global public cloud services market worldwide
  • Who are the leading vendors in the global public cloud services market worldwide?
  • What are the key strategies adopted by the leading manufacturers in the global public cloud services market?

Frequently Asked Questions:

The market for Public Cloud Services Market is expected to reach in US$ 182.36 Bn in 2027.

The Public Cloud Services Market is expected to see significant CAGR growth over the coming years, at 16.5%.

The report is forecasted to 2019-2027.

The base year of this report is 2018.

Amazon Web Services,Salesforce.com,Microsoft Corporation,Google LLC,Oracle Corporation are some of the major players in the global market.

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Published Date:  Oct 2019
Category:  Technology & Media
Report ID:   59735
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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