Cloud Computing Market
Cloud Computing Market Study by IaaS, PaaS, and SaaS for IT & Telecom, Government & Public Sector, Energy & Utilities, Retail, Manufacturing, BFSI, Healthcare, and Media from 2024 to 2034
Analysis of Cloud Computing Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cloud Computing Market Outlook (2024 to 2034)
The global cloud computing market is calculated at a size of US$ 628.6 billion for 2024 and is projected to increase at a noteworthy CAGR of 14.2% to reach US$ 2,371.6 billion by 2034.
Increasing adoption of advanced technologies such as edge computing, machine learning, big data, and artificial intelligence are some of the key factors driving the global cloud computing market growth.
Furthermore, the increasing need to achieve flexibility and scalability, mitigate the risks, and reduce infrastructure complexities are other aspects driving the adoption of cloud computing solutions. Demand for cloud computing solutions is exhibiting an impressive uptick due to the increasing virtualization of multiple end-use industries. The rising demand to simplify workflows is prompting the shift to the virtual space.
During the COVID-19 pandemic, prospects for cloud computing increased massively, as a shift toward remote working models by corporations and enterprises alike has necessitated the deployment of SaaS-based, IaaS-based, and PaaS-based solutions. This trend of remote working is still aiding the sales of cloud computing technologies.
As the volume of information and data processing intensifies, companies are looking to integrate advanced technological solutions, including artificial intelligence, machine learning, and augmented reality to make their operations easy to conduct. Hence, the reliance on the cloud ecosystem is expected to flourish impressively during the forecast period.
- North America is estimated to account for 23.9% of the global cloud computing market share in 2024.
- The East Asian cloud computing market size is anticipated to reach US$ 547.8 billion by 2034.
| Report Attributes | Details |
|---|---|
| Cloud Computing Market Size (2024E) | US$ 628.6 Billion |
| Forecasted Market Value (2034F) | US$ 2,371.6 Billion |
| Global Market Growth Rate (2024 to 2034) | 14.2% CAGR |
| South Korea Market Value (2034F) | US$ 126.6 Billion |
| Key Companies Profiled | Google LLC; IBM Corporation; Oracle Corporation; Salesforce; Adobe Inc.; Microsoft Corporation; SAP SE; Workday, Inc.; Alibaba Group Holding Limited; Amazon Inc. |
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Which Trends are Influencing Sales of Cloud Computing Solutions?
“Cloud Computing and Cloud Infrastructure Services Exhibiting Increasing Demand across Sectors”
The outbreak of COVID-19 resulted in the adoption of work from home culture. The number of users on the Microsoft Team platform increased because of the high demand for collaboration solutions. Other SaaS-based solutions such as Slack, Zoom, Ding Walk, Google Hangouts, and WeChat also gained considerable traction during the pandemic period.
The increasing popularity of video streaming platforms such as Apple TV, Netflix, Hulu, and Amazon Prime is anticipated to play a significant role in boosting the cloud computing market growth during the forecast period. The rise in Video-on-Demand (VoD) is enhancing the need for efficient Infrastructure as a Service (IaaS) thereby expanding the industry growth significantly.
In addition, the benefits offered by cloud computing such as the pay-as-you model, which allows enterprises to pay as per their usage of cloud service is an economical option for organizations. SMEs and startups across various sectors are showing an inclination towards the adoption of cloud services owing to their benefits such as low cost and on-demand availability. These factors are likely to play a crucial role in driving the demand for cloud computing solutions.
“Efficiency Workload Management Driving Demand for Hybrid & Omni-Cloud Computing Services”
Growing usage of the Omni and hybrid cloud is expected to pose significant opportunities for industry leaders. Benefits offered such as efficiency in workload management, integration within DevOps teams, and rising security concerns are likely to drive the demand for hybrid cloud computing services during the forecast period.
The analysis reveals that SMEs are adopting the hybrid cloud computing services owing to their benefits such as on-demand availability and no cost involved in initial infrastructure setup. The hybrid cloud computing services are largely adopted in BFSI, healthcare, and government.
- Established players are taking various initiatives to expand their presence. For instance, in 2021, IBM acquired Bluetab Solutions Group to enlarge its data and hybrid cloud computing services and make its presence more robust in Europe and Latin America.
What Drawbacks are Hurting the Popularity Cloud Computing Services?
“Data Privacy and Security Concerns Lowering Adoption of Cloud Computing Solutions”
Reasons hampering the adoption of cloud computing are growing concerns related to data loss, concern related to privacy issues, and unexpected emergencies. Even though cloud services are effective in cutting costs they are increasing security concerns. Cybercrimes such as account hijacking, cloud malware attacks, and meltdown are further impeding market growth.
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Which Tactics are Set to Benefit New Cloud Computing Companies?
“Investments in Research and Development Efforts”
Apart from database management, storage optimization, efficiency, performance, security, and privacy are some of the major roles of cloud computing. New companies should focus on offering innovative cloud-based solutions. Integration of advanced technologies such as AI, ML, and big data are some of the key cloud computing market trends. Investments in R&D are expected to offer lucrative opportunities for new companies.
- Crave Industry is a Brazilian start-up that offers comprehensive cloud computing solutions for Industry 4.0.
- OptDyn is a United States-based start-up that offers Subutai PeerOS, a container-based p2p cloud, and Internet of Things software and firmware.
- Black Turtle is an Indian start-up that provide various services such as cloud optimization and cost reduction, hybrid cloud migration, general data migration to the cloud, and API development for mobile applications to run on the cloud.
Country-wise Analysis
According to Fact.MR a market research and competitive intelligence provider, the United States is estimated to hold 44.5% of the North American market share in 2024. The strong presence of end-use industries is making the United States a profitable market for cloud computing solution providers.
What’s Driving Demand for Advanced Cloud Computing Solutions in the United States?
“Americans Companies Early Adopters of Innovative Technologies”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 66.9 Billion |
| Growth Rate (2024 to 2034) | 14.7% CAGR |
| Projected Value (2034F) | US$ 262.8 Billion |
The United States market is increasing at high pace due to the early acceptance of cutting-edge technologies such as virtual reality, machine learning, artificial intelligence, and Internet of Things. As organizations in the country are investing heavily to enhance their IT infrastructure, it is expected to boost the adoption of cloud-based services.
What’s Pushing Demand for Cloud Computing Services in Germany?
“Competitive Environment Fostering Innovations in Cloud Computing”
Germany is a profitable market for cloud computing service providers due to the presence of various end-use organizations. Key market players are focusing on establishing a strong market presence in Germany by catering diverse consumer needs.
What is the Sales Outlook for Cloud Computing in China?
“Presence of Strong Industry Leaders Influencing Sales Growth of Cloud Computing Services”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 68.9 Billion |
| Growth Rate (2024 to 2034) | 14.2% CAGR |
| Projected Value (2034F) | US$ 260.2 Billion |
China is a big market for cloud computing solution providers. The ongoing industrial activities are contributing to the growing adoption of cloud computing solutions. Presence of key market players such as Microsoft, Google and regional players such as Alibaba Group is making China a major market in East Asia region.
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Category-wise Analysis
As several industries are moving towards digital transformation, the demand for advanced technologies such as cloud computing is set to grow. Large enterprises are emerging as prime adopters of advanced technologies in the race for digitalization.
Which Organization Type Accounts for Higher Deployment of Cloud Computing Technologies?
“Large Enterprises Leading Users of Cloud Computing Services”
| Attribute | Large Enterprises |
|---|---|
| Segment Value (2024E) | US$ 352 Billion |
| Growth Rate (2024 to 2034) | 13.6% CAGR |
| Projected Value (2034F) | US$ 1256.9 Billion |
Benefits such as improved collaboration, lower operating costs, and better flexibility are driving the demand for cloud computing among large enterprises. The ongoing industrial activities in the emerging economies such as China, India, and Brazil are further fuelling adoption of cloud computing solutions.
How is the BFSI Industry Widening Adoption of Cloud Computing?
“Rising Utilization of Information Technology in Banking Sector”
| Attribute | BFSI |
|---|---|
| Segment Value (2024E) | US$ 114.6 Billion |
| Growth Rate (2024 to 2034) | 12.6% CAGR |
| Projected Value (2034F) | US$ 474.3 Billion |
BFSI is the prime consumer of cloud computing services due the benefits it offers such as developing client connections, reducing expenses, and encouraging innovation. Moreover, the outbreak of COVID-19 has encouraged the BFSI sector to digitize its infrastructure, which has brought notable profits to the industry. The online transfer of funds, digital wallets, and payment gateways, among others are projected to play a vital role in deploying cloud technology in the BFSI sector.
Competitive Landscape
Key players in the global cloud computing market are taking several initiatives to expand their global reach and spearhead the market. Acquisitions, partnerships, and collaborations are some of the tactics adopted by them to intensify their market presence.
Some of the recent developments by key players are :
- In February 2022, IBM announced its plan to team up with SAP to offer technology and expertise to clients to adopt a hybrid cloud approach and move mission-critical workloads from SAP solutions to the cloud for regulated and non-regulated industries.
- In October 2020, Microsoft Corporation and ZEISS Group partnered together to offer better care to patients and enhance manufacturing quality through data solutions.
- In January 2020, IBM Corporation disclosed the launch of Advertising Accelerator with Watson. It is a predictive solution that uses AI and benefits Watson by providing campaigns that could help marketers and advertisers understand the customers’ preferences.
Key Segments of Cloud Computing Market Research
-
By End Use :
- IT & Telecom
- Government & Public Sector
- Energy & Utilities
- Retail & Consumer Goods
- Manufacturing
- BFSI
- Healthcare
- Media & Entertainment
- Others
-
By Deployment :
- Public Cloud Computing
- Private Cloud Computing
- Hybrid Cloud Computing
-
Based on Service :
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
-
By Enterprise Size :
- Large Enterprises
- Small & Medium Enterprises
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Enterprise Size
- 8.1. Large Enterprises
- 8.2. Small & Medium Enterprises
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By End-use
- 9.1. BFSI
- 9.2. IT & Telecom
- 9.3. Retail & Consumer Goods
- 9.4. Manufacturing
- 9.5. Energy & Utilities
- 9.6. Healthcare
- 9.7. Media & Entertainment
- 9.8. Government & Public Sector
- 9.9. Others
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Deployment
- 10.1. Public
- 10.2. Private
- 10.3. Hybrid
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Service
- 11.1. Infrastructure as a Service (IaaS)
- 11.2. Platform as a Service (PaaS)
- 11.3. Software as a Service (SaaS)
- 12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. Asia Pacific
- 12.5. Middle East and Africa (MEA)
- 13. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. Asia Pacific Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Key Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Adobe Inc.
- 20.2. Alibaba Group Holding Limited
- 20.3. Amazon.com Inc.
- 20.4. Google LLC
- 20.5. International Business Machines Corporation
- 20.6. Microsoft Corporation
- 20.7. Oracle Corporation
- 20.8. Salesforce.com Inc.
- 20.9. SAP SE
- 20.10. Workday Inc.
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn),By Enterprise Size, 2018 to 2023
Table 02: Global Market Value (US$ Mn),By Enterprise Size, 2024 to 2034
Table 03: Global Market Value (US$ Mn), By End-use, 2018 to 2023
Table 04: Global Market Value (US$ Mn), By End-use, 2024 to 2034
Table 05: Global Market Value (US$ Mn), By Deployment, 2018 to 2023
Table 06: Global Market Value (US$ Mn), By Deployment, 2024 to 2034
Table 07: Global Market Value (US$ Mn), By Service, 2018 to 2023
Table 08: Global Market Value (US$ Mn), By Service, 2024 to 2034
Table 09: Global Market, By Region, 2018 to 2023
Table 10: Global Market, By Region, 2024 to 2034
Table 11: North America Market Value (US$ Mn),By Enterprise Size, 2018 to 2023
Table 12: North America Market Value (US$ Mn),By Enterprise Size, 2024 to 2034
Table 13: North America Market Value (US$ Mn), By End-use, 2018 to 2023
Table 14: North America Market Value (US$ Mn), By End-use, 2024 to 2034
Table 15: North America Market Value (US$ Mn), By Deployment, 2018 to 2023
Table 16: North America Market Value (US$ Mn), By Deployment, 2024 to 2034
Table 17: North America Market Value (US$ Mn), By Service, 2018 to 2023
Table 18: North America Market Value (US$ Mn), By Service, 2024 to 2034
Table 19: North America Market, By Country, 2018 to 2023
Table 20: North America Market, By Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn),By Enterprise Size, 2018 to 2023
Table 22: Latin America Market Value (US$ Mn),By Enterprise Size, 2024 to 2034
Table 23: Latin America Market Value (US$ Mn), By End-use, 2018 to 2023
Table 24: Latin America Market Value (US$ Mn), By End-use, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn), By Deployment, 2018 to 2023
Table 26: Latin America Market Value (US$ Mn), By Deployment, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn), By Service, 2018 to 2023
Table 28: Latin America Market Value (US$ Mn), By Service, 2024 to 2034
Table 29: Latin America Market, By Country, 2018 to 2023
Table 30: Latin America Market, By Country, 2024 to 2034
Table 31: Europe Market Value (US$ Mn),By Enterprise Size, 2018 to 2023
Table 32: Europe Market Value (US$ Mn),By Enterprise Size, 2024 to 2034
Table 33: Europe Market Value (US$ Mn), By End-use, 2018 to 2023
Table 34: Europe Market Value (US$ Mn), By End-use, 2024 to 2034
Table 35: Europe Market Value (US$ Mn), By Deployment, 2018 to 2023
Table 36: Europe Market Value (US$ Mn), By Deployment, 2024 to 2034
Table 37: Europe Market Value (US$ Mn), By Service, 2018 to 2023
Table 38: Europe Market Value (US$ Mn), By Service, 2024 to 2034
Table 39: Europe Market, By Country, 2018 to 2023
Table 40: Europe Market, By Country, 2024 to 2034
Table 41: Asia Pacific Market Value (US$ Mn),By Enterprise Size, 2018 to 2023
Table 42: Asia Pacific Market Value (US$ Mn),By Enterprise Size, 2024 to 2034
Table 43: Asia Pacific Market Value (US$ Mn), By End-use, 2018 to 2023
Table 44: Asia Pacific Market Value (US$ Mn), By End-use, 2024 to 2034
Table 45: Asia Pacific Market Value (US$ Mn), By Deployment, 2018 to 2023
Table 46: Asia Pacific Market Value (US$ Mn), By Deployment, 2024 to 2034
Table 47: Asia Pacific Market Value (US$ Mn), By Service, 2018 to 2023
Table 48: Asia Pacific Market Value (US$ Mn), By Service, 2024 to 2034
Table 49: Asia Pacific Market, By Country, 2018 to 2023
Table 50: Asia Pacific Market, By Country, 2024 to 2034
Table 51: MEA Market Value (US$ Mn),By Enterprise Size, 2018 to 2023
Table 52: MEA Market Value (US$ Mn),By Enterprise Size, 2024 to 2034
Table 53: MEA Market Value (US$ Mn), By End-use, 2018 to 2023
Table 54: MEA Market Value (US$ Mn), By End-use, 2024 to 2034
Table 55: MEA Market Value (US$ Mn), By Deployment, 2018 to 2023
Table 56: MEA Market Value (US$ Mn), By Deployment, 2024 to 2034
Table 57: MEA Market Value (US$ Mn), By Service, 2018 to 2023
Table 58: MEA Market Value (US$ Mn), By Service, 2024 to 2034
Table 59: MEA Market, By Country, 2018 to 2023
Table 60: MEA Market, By Country, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) and Year-on-Year Growth, 2018 to 2034
Figure 02: Global Market Absolute $ Historical Gain (2018 to 2023) and Opportunity (2024 to 2034), US$ Mn
Figure 03: Global Market Share, By Enterprise Size, 2024 & 2034
Figure 04: Global Market Y-o-Y Growth Projections, By Enterprise Size – 2024 to 2034
Figure 05: Global Market Attractiveness Index, By Enterprise Size – 2024 to 2034
Figure 06: Global Market Share, By End-use, 2024 & 2034
Figure 07: Global Market Y-o-Y Growth Projections, By End-use – 2024 to 2034
Figure 08: Global Market Attractiveness Index, By End-use – 2024 to 2034
Figure 09: Global Market Share, By Service, 2024 & 2034
Figure 10: Global Market Y-o-Y Growth Projections, By Service – 2024 to 2034
Figure 11: Global Market Attractiveness Index, By Service – 2024 to 2034
Figure 12: Global Market Share, By Deployment, 2024 & 2034
Figure 13: Global Market Y-o-Y Growth Projections, By Deployment – 2024 to 2034
Figure 14: Global Market Attractiveness Index, By Deployment – 2024 to 2034
Figure 15: Global Market Share, By Region, 2024 & 2034
Figure 16: Global Market Y-o-Y Growth Projections, By Region – 2024 to 2034
Figure 17: Global Market Attractiveness Index, By Region – 2024 to 2034
Figure 18: North America Market Value (US$ Mn) and Year-on-Year Growth, 2018 to 2034
Figure 19: North America Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period(2024 to 2034), US$ Mn
Figure 20: North America Market Share, By Enterprise Size, 2024 & 2034
Figure 21: North America Market Y-o-Y Growth Projections, By Enterprise Size – 2024 to 2034
Figure 22: North America Market Attractiveness Index, By Enterprise Size – 2024 to 2034
Figure 23: North America Market Share, By End-use, 2024 & 2034
Figure 24: North America Market Y-o-Y Growth Projections, By End-use – 2024 to 2034
Figure 25: North America Market Attractiveness Index, By End-use – 2024 to 2034
Figure 26: North America Market Share, By Service, 2024 & 2034
Figure 27: North America Market Y-o-Y Growth Projections, By Service – 2024 to 2034
Figure 28: North America Market Attractiveness Index, By Service – 2024 to 2034
Figure 29: North America Market Share, By Deployment, 2024 & 2034
Figure 30: North America Market Y-o-Y Growth Projections, By Deployment – 2024 to 2034
Figure 31: North America Market Attractiveness Index, By Deployment – 2024 to 2034
Figure 32: North America Market Share, By Country, 2024 & 2034
Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 34: North America Market Attractiveness Index, By Country – 2024 to 2034
Figure 35: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2018 to 2034
Figure 36: Latin America Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 37: Latin America Market Share, By Enterprise Size, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections, By Enterprise Size – 2024 to 2034
Figure 39: Latin America Market Attractiveness Index, By Enterprise Size – 2024 to 2034
Figure 40: Latin America Market Share, By End-use, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections, By End-use – 2024 to 2034
Figure 42: Latin America Market Attractiveness Index, By End-use – 2024 to 2034
Figure 43: Latin America Market Share, By Service, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections, By Service – 2024 to 2034
Figure 45: Latin America Market Attractiveness Index, By Service – 2024 to 2034
Figure 46: Latin America Market Share, By Deployment, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections, By Deployment – 2024 to 2034
Figure 48: Latin America Market Attractiveness Index, By Deployment – 2024 to 2034
Figure 49: Latin America Market Share, By Country, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 51: Latin America Market Attractiveness Index, By Country – 2024 to 2034
Figure 52: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2018 to 2034
Figure 53: Europe Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 54: Europe Market Share, By Enterprise Size, 2024 & 2034
Figure 55: Europe Market Y-o-Y Growth Projections, By Enterprise Size – 2024 to 2034
Figure 56: Europe Market Attractiveness Index, By Enterprise Size – 2024 to 2034
Figure 57: Europe Market Share, By End-use, 2024 & 2034
Figure 58: Europe Market Y-o-Y Growth Projections, By End-use – 2024 to 2034
Figure 59: Europe Market Attractiveness Index, By End-use – 2024 to 2034
Figure 60: Europe Market Share, By Service, 2024 & 2034
Figure 61: Europe Market Y-o-Y Growth Projections, By Service – 2024 to 2034
Figure 62: Europe Market Attractiveness Index, By Service – 2024 to 2034
Figure 63: Europe Market Share, By Deployment, 2024 & 2034
Figure 64: Europe Market Y-o-Y Growth Projections, By Deployment – 2024 to 2034
Figure 65: Europe Market Attractiveness Index, By Deployment – 2024 to 2034
Figure 66: Europe Market Share, By Country, 2024 & 2034
Figure 67: Europe Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 68: Europe Market Attractiveness Index, By Country – 2024 to 2034
Figure 69: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2018 to 2034
Figure 70: MEA Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 71: MEA Market Share, By Enterprise Size, 2024 & 2034
Figure 72: MEA Market Y-o-Y Growth Projections, By Enterprise Size – 2024 to 2034
Figure 73: MEA Market Attractiveness Index, By Enterprise Size – 2024 to 2034
Figure 74: MEA Market Share, By End-use, 2024 & 2034
Figure 75: MEA Market Y-o-Y Growth Projections, By End-use – 2024 to 2034
Figure 76: MEA Market Attractiveness Index, By End-use – 2024 to 2034
Figure 77: MEA Market Share, By Service, 2024 & 2034
Figure 78: MEA Market Y-o-Y Growth Projections, By Service – 2024 to 2034
Figure 79: MEA Market Attractiveness Index, By Service – 2024 to 2034
Figure 80: MEA Market Share, By Deployment, 2024 & 2034
Figure 81: MEA Market Y-o-Y Growth Projections, By Deployment – 2024 to 2034
Figure 82: MEA Market Attractiveness Index, By Deployment – 2024 to 2034
Figure 83: MEA Market Share, By Country, 2024 & 2034
Figure 84: MEA Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 85: MEA Market Attractiveness Index, By Country – 2024 to 2034
Figure 86: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2018 to 2034
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2018 to 2023) and Forecast Period (2024 to 2034), US$ Mn
Figure 88: Asia Pacific Market Share, By Enterprise Size, 2024 & 2034
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Enterprise Size – 2024 to 2034
Figure 90: Asia Pacific Market Attractiveness Index, By Enterprise Size – 2024 to 2034
Figure 91: Asia Pacific Market Share, By End-use, 2024 & 2034
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By End-use – 2024 to 2034
Figure 93: Asia Pacific Market Attractiveness Index, By End-use – 2024 to 2034
Figure 94: Asia Pacific Market Share, By Service, 2024 & 2034
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Service – 2024 to 2034
Figure 96: Asia Pacific Market Attractiveness Index, By Service – 2024 to 2034
Figure 97: Asia Pacific Market Share, By Deployment, 2024 & 2034
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Deployment – 2024 to 2034
Figure 99: Asia Pacific Market Attractiveness Index, By Deployment – 2024 to 2034
Figure 100: Asia Pacific Market Share, By Country, 2024 & 2034
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Figure 102: Asia Pacific Market Attractiveness Index, By Country – 2024 to 2034
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- FAQs -
What is the size of the market for cloud computing in 2024?
The global cloud computing market is evaluated at US$ 628.6 billion in 2024.
What are the projected sales of cloud computing technologies for 2034?
The market for cloud computing is forecasted to reach US$ 2,371.6 billion by 2034.
What is future of cloud computing?
Sales of cloud computing solutions are estimated to rise at a CAGR of 14.2% from 2024 to 2034.
How is demand for cloud computing rising in South Korea?
The South Korea market is set to register a CAGR of 15% through 2034.
What is pushing demand for cloud computing?
Growing demand for cloud-based services from all sizes of organizations is driving market growth.
Who are the market leaders in cloud computing?
Some of the leading companies are Google LLC, IBM Corporation, and Microsoft Corporation.
Cloud Computing Market