Cloud Computing market Growth at a CAGR of 21.1% from 2021 to 2030

The global Cloud Computing market size was reached at USD 284.79 billion in 2020 and is projected to surpass US$ 1.04 Tillion by 2030, expanding growth at a CAGR of 21.1% from 2021 to 2030.

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Growth Factors

 This growth can be attributed to several factors, including digital transformation across various industries, a surge in internet penetration, and big data consumption in various verticals. Increasing adoption of 5G, Internet of Things (IoT), and Artificial Intelligence (AI) is expected to further support the growth of the market for cloud computing.

The pandemic is expected to induce one of the most significant workplace transformations. Furthermore, the pandemic is also transforming the way businesses leverage smart technologies, such as mobile supercomputing, Internet of Things (IoT), big data, and AI, to accelerate Industry 4.0, the fourth industrial revolution.

Report Coverage

Report Scope Details
Market Size USD 1.04 Trillion by 2030
Growth Rate CAGR of 21.1% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Service, Deployment, Enterprise size, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Adobe Inc.; Alibaba Group Holding Ltd.; Amazon.com Inc.; Google LLC; International Business Machines Corp.; Microsoft Corp.; Oracle Corporation; Salesforce.com Inc.; SAP SE; Workday, Inc.

Report Highlights

The Software as a Service (SaaS) segment accounted for the largest revenue share exceeding 56% in 2020. The demand for SaaS can be attributed to its flexible costs and easy maintenance & deployment.

SaaS products are expected to witness strong growth in the coming years as their Total Cost of Ownership (TCO) will be equal to that of the on-premise deployment models.

The private deployment segment accounted for the highest market share of over 48% in 2020. Private cloud solely offers computing services over a private internal network or internet and is only provided to select users instead of the public.

The hybrid deployment segment, which is an integrated environment including public and private models, is anticipated to register a considerable growth rate over the forecast period.

The large enterprises segment accounted for the highest market share of over 52% in 2020. The demand is attributed to lower operating costs, better collaboration, increased flexibility, and improved time to market.

Small & Medium Enterprises (SMEs) are expected to emerge as the fastest-growing segment over the forecast period owing to the flexible pricing models offered by CSPs, boost in employee productivity, and improvement in collaboration and innovation.

The BFSI segment accounted for the highest market share of over 28% in 2020. The segment growth can be attributed to the adoption of cloud services for the storage and management of customer data.

The manufacturing industry is expected to be the prime adopter of cloud services owing to benefits, such as seamless data management and real-time visibility, offered by these services.

North America dominated the global market with a share of over 44% in 2020. The presence of numerous vendors, such as Microsoft Corp., Oracle Corp., Amazon.com Inc., and International Business Machines Corp., and the higher propensity to adopt new technologies are expected to help this region maintain its position in the market.

Key Players

  • Adobe Inc.
  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • Google LLC
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce.com Inc.
  • SAP SE
  • Workday, Inc.

Market Segmentation

  • Service
    • Infrastructure as a Service (IaaS)
    • Platform as a Service (PaaS)
    • Software as a Service (SaaS)
  • Deployment
    • Public
    • Private
    • Hybrid
  • Enterprise Size
    • Large Enterprises
    • Small & Medium Enterprises
  • End-use
    • BFSI
    • IT & Telecom
    • Retail & Consumer Goods
    • Manufacturing
    • Energy & Utilities
    • Healthcare
    • Media & Entertainment
    • Government & Public Sector
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • MEA

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Cloud Computing Market, By Service

7.1.  Cloud Computing Market, by Service, 2021-2030

7.1.1.    Infrastructure as a Service (IaaS)

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Platform as a Service (PaaS)

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Software as a Service (SaaS)

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Cloud Computing Market, By Deployment

8.1.  Cloud Computing Market, by Deployment, 2021-2030

8.1.1.    Public

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Private

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Hybrid

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Cloud Computing Market, By End User

9.1.  Cloud Computing Market, by End User, 2021-2030

9.1.1.    BFSI

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    IT & Telecom

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Retail & Consumer Goods

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Manufacturing

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Energy & Utilities

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Healthcare

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Media & Entertainment

9.1.7.1.        Market Revenue and Forecast (2017-2030)

9.1.8.    Government & Public Sector

9.1.8.1.        Market Revenue and Forecast (2017-2030)

9.1.9.    Others

9.1.9.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Cloud Computing Market, By Capacitor

10.1.        Cloud Computing Market, by Capacitor, 2021-2030

10.1.1.  Large Enterprises

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Small & Medium Enterprises

10.1.2.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Cloud Computing Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Service (2017-2030)

11.1.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.1.3.  Market Revenue and Forecast, by End User (2017-2030)

11.1.4.  Market Revenue and Forecast, by Capacitor (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Service (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by End User (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Service (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by End User (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Service (2017-2030)

11.2.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.2.3.  Market Revenue and Forecast, by End User (2017-2030)

11.2.4.  Market Revenue and Forecast, by Capacitor (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Service (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by End User (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Service (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by End User (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Service (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by End User (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Service (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by End User (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Service (2017-2030)

11.3.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.3.3.  Market Revenue and Forecast, by End User (2017-2030)

11.3.4.  Market Revenue and Forecast, by Capacitor (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Service (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by End User (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Service (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by End User (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Service (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by End User (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Service (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by End User (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Service (2017-2030)

11.4.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.4.3.  Market Revenue and Forecast, by End User (2017-2030)

11.4.4.  Market Revenue and Forecast, by Capacitor (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Service (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by End User (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Service (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by End User (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Service (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by End User (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Service (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by End User (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Service (2017-2030)

11.5.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.5.3.  Market Revenue and Forecast, by End User (2017-2030)

11.5.4.  Market Revenue and Forecast, by Capacitor (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Service (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by End User (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Service (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by End User (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by Capacitor (2017-2030)

Chapter 12.  Company Profiles

12.1.              Adobe Inc.

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Alibaba Group Holding Ltd.

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Amazon.com Inc.

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Google LLC

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              International Business Machines Corporation

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Microsoft Corporation

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Oracle Corporation

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Salesforce.com Inc.

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              SAP SE

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Workday, Inc.

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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