Market Research Future published a research report on “Public Cloud Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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 prominent players in the public cloud market are - International Business Machines Corporation (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Hewlett-Packard (U.S.), Salesforce.com (U.S.), Oracle Corporation (U.S.), VMware, Inc.(U.S.) , Cisco Systems, Inc. (U.S.), Verizon Wireless (U.S.), and Rackspace Inc. (U.S.) among others.

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Segmental Analysis

The public cloud market is segmented on the basis of service, cloud computing, industry, organization size, and region. The cloud computing segment of the market consists of cloud communication platform, cloud billing, cloud high-performance computing, cloud access security, and cloud infrastructure. The leading segment in cloud computing is Cloud Infrastructure which is expanding at a CAGR of 23.98 percent in the forecast period. By service, the market segment consists of SaaS, IaaS, and PaaS. Software as a service (SaaS) is dominating the market in the service segment in 2017 and is likely to grow with the fastest CAGR of 22.53 percent during the forecast period. The segmentation on the basis of organization size comprises of small, medium enterprises and large enterprises. Large enterprises were leading the market in 2017 and is projected to develop at a robust CAGR of 21.22 percent during the forecast period. The industry based segmentation of the market comprises of manufacturing, BFSI, healthcare, retail, government, aerospace and defense, IT & telecommunication, and others. The BFSI is leading the market in 2017 and is projected to expand with a rapidly increasing CAGR of 23.44 percent through the forecast period.

Segmentation

The global public cloud market has been segmented on the basis of cloud computing, industry, organization size, service, and lastly, region. Based on cloud computing, this market has been segmented into cloud access security, cloud billing, cloud communication platform, cloud high performance computing, and cloud infrastructure. The industry-based segmentation segments the market into aerospace & defense, Banking, Financial Services and Insurance (BFSI), government, healthcare, Information Technology (IT) & telecommunication, manufacturing, retail, and others.

As per the organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises. The service-based segmentation of this market covers Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a service (IaaS).

Regional Analysis

The regional segmentation of the global public cloud market segments the market into continent-based regional markets known as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa (MEA). North America is the leading the global market due to technological advancement, the growing adoption as well as sales of smart devices and bring your own device (BYOD). Other factors responsible for market growth in this region include the availability of public cloud services with reduced implementation costs, data compliance issues, complexities & data security related to data residency, good internet speed, and rising demand due to greater scalability & manageability of cloud-based services. The United States of America (USA), had generated revenue worth the US $ 148.71 bn in 2017. By the end of the forecast period, the US market is likely to develop with rising 22.01% CAGR. Other relevant country-specific markets in this region are Canada and Mexico. Many key market players are based in North America, especially in the USA.

Europe is the second largest regional market because, after North America, it has the highest technological advancement. The United Kingdom (UK) has generated a high revenue worth the US $ 27.14 bn in 2017 which by the end of forecast period, can grow with fastest growing 25.07% CAGR. Other influential country-specific markets in this region are France, Germany, Italy, the Netherlands, and Spain, followed by the rest of Europe.

Asia Pacific region can emerge as a strong market due to the strong IT industry of India and China. Japan is the most technologically advanced country in this region because of which, it has the potential of being a strong market. Apart from China, India, and Japan, South Korea is another important country-specific market, followed by the rest of the Asia Pacific region. In Latin America, the strong economies that can be ideal markets are Argentina and Brazil, followed by the rest of Latin America.

The MEA region shows limited market slow and steady growth. The reasons for the slow market growth in this region are lack of awareness, lack of education, lack of technological development, political instability.

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TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 List Of Assumptions

2.4 Market Structure 17

2.5 Key Takeaways 18

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

Continued…

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