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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 Bn in 2018 and expected to register strong growth, expanding at a CAGR of 16.5% during the forecast period from 2019 to 2027.

Public Cloud Services Market

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"North America to remain largest Public Cloud Service market by 2027"

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 large number of established vendors and 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 has ensured relatively greater adoption of cloud solutions & 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 2019 - 2027. At present, the penetration of cloud technology is relatively low in the region. The regulatory landscape, dynamic market maturity levels, and privacy & security concerns have resulted in inconsistent adoption of cloud technologies in the region. However, with the evolving IT landscape, it is projected that adoption of public cloud technologies will improve and change how service providers offer applications to their end-customers in the region.

Public Cloud Services Market

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

In the base year 2018, the value contribution from cloud application services (SaaS) was 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 majorly on the back of increased sales of applications including customer relationship management (CRM), enterprise resource management (ERM), and content workflow management among others. On the other hand, value contribution from cloud system infrastructure services (IaaS) is expected to register fastest growth. The on-going paradigm shift in the way businesses worldwide choose and manage their IT infrastructure, have necessitated them to install applications across multiple infrastructures, thereby augmenting demand for IaaS offerings.

Public Cloud Services Market

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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.

Public Cloud Services Market

Historical & Forecast Period

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. CAGR (Compounded 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: 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Service Type Segment (2017–2027; US$ Bn)
 • Cloud System Infrastructure Services (IaaS)
 • Cloud Application Infrastructure Services (PaaS)
 • Cloud Business Process Services (BPaaS)
 • Cloud Application Services (SaaS)
 • Cloud Management and Security Services

 End-use Vertical Segment (2017–2027; US$ Bn)
 • Banking, Financial Services and Insurance (BFSI)
 • IT & Telecom
 • Retail
 • Government
 • Manufacturing & Processing
 • Healthcare
 • Others (Education, etc.)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, Australia, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the global public cloud services market value in 2017 & 2018?
  • What is the estimated forecast and market projections for the global public cloud services market from 2019 up to 2026?
  • Which is the largest public cloud services market in terms of geography?
  • Which cloud service delivery model contributes the largest 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?
  • 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?
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
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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