Public Cloud Service Market

Public Cloud Service Market Study by Cloud Business Process Services, Cloud Application Services, Cloud Application Infrastructure Services, and Cloud System Infrastructure Services from 2024 to 2034

Analysis of Public Cloud Service Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Public Cloud Service Market Outlook (2024 to 2034)

The global public cloud service market is estimated to be valued at US$ 220,180 million in 2024 and is anticipated to reach US$ 880,189.6 million by 2034, with a projected CAGR of 14.9% from 2024 to 2034.

The accelerating pace of digital transformation across industries is a primary driver for the growth of the public cloud service market. Organizations are increasingly adopting cloud services to enhance agility, scalability, and efficiency. The cloud provides a foundation for innovation, enabling businesses to swiftly adapt to changing market trends and leverage emerging technologies.

Public cloud services offer a cost-effective alternative to traditional on-premises infrastructure. The pay-as-you-go model allows organizations to scale resources up or down based on demand, optimizing costs. This scalability is particularly crucial for businesses with fluctuating workloads, providing them with the flexibility to align IT expenses with actual usage.

Key Market Growth Drivers

  • The public cloud facilitates seamless global connectivity, allowing organizations to collaborate across geographic locations effortlessly. Cloud-based collaboration tools and platforms enhance communication and productivity, enabling remote work and fostering innovation through the exchange of ideas on a global scale.
  • Security features embedded in public cloud services play a pivotal role in driving market growth. Cloud service providers invest heavily in robust security protocols, encryption, and compliance certifications. This focus on security helps alleviate concerns related to data protection and privacy, encouraging businesses to migrate sensitive workloads to the cloud.
  • The exponential growth of data generated by organizations necessitates scalable and efficient data storage and processing solutions. Public cloud services provide the infrastructure and tools to manage vast amounts of data effectively. This is particularly crucial in the era of big data, analytics, and the Internet of Things (IoT).

The public cloud's ability to support robust business continuity and disaster recovery strategies drives its adoption. Cloud-based solutions offer geographically dispersed data centers, ensuring data redundancy and minimizing the impact of disruptions. This resilience is a key factor influencing organizations to entrust critical workloads to the public cloud.

Report Attributes Details
Estimated Market Value (2024E) US$ 220,180 million
Forecasted Market Value (2034F) US$ 880,189.6 million
Global Market Growth Rate (2024 to 2034) 14.9% CAGR
Large Enterprises Segment Share (2024) 63.1%
Cloud System Infrastructure Services(IaaS) Segment Share (2024) 36.3%
North America Market Share (2024) 25.8%
East Asia Market Share (2024) 30.7%
Key Companies Profiled
  • Amazon Web Services (AWS)
  • Microsoft Azure
  • Google Cloud Platform (GCP)
  • Alibaba Cloud
  • IBM Cloud
  • Oracle Cloud Infrastructure (OCI)
  • Huawei Cloud
  • DigitalOcean
  • Rackspace Technology
  • Tencent Cloud

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Which Trends Influence the Sales of Public Cloud Service through 2034?

"Serverless Computing Adoption to Streamline Cloud Development Efforts"

Serverless computing, or Function as a Service (FaaS), is gaining substantial traction in the public cloud sector. This trend revolutionizes the development landscape by allowing developers to concentrate solely on writing code without managing intricate infrastructure details. Cloud providers take charge of automatic scaling and resource provisioning, responding dynamically to usage patterns. This simplifies the development process and significantly enhances efficiency by eliminating operational overhead. Serverless computing is swiftly becoming a cornerstone, offering a paradigm shift in cloud development as organizations prioritize nimble, code-centric approaches over traditional infrastructure management.

“Focus on Cloud-native Development to Accelerate Software Evolution in the Cloud”

Cloud-native development methodologies reshape the public cloud landscape, making microservices, DevOps practices, and continuous integration/continuous deployment (CI/CD) standard practices. This trend marks a pivotal shift in how applications are developed and deployed, facilitating faster development, deployment, and updates. Emphasizing agility, cloud-native development aligns with the demands of modern software development. The rise of microservices architecture is transforming the industry's approach to software development, providing a robust foundation for scalable, adaptable, and efficient applications within the dynamic environment of public cloud services.

“Quantum Computing Exploration for Future-ready Cloud Technology”

In the early stages of development, quantum computing is emerging as a groundbreaking trend in the public cloud service market. Certain cloud providers are at the forefront, exploring quantum computing capabilities and offering access to experimental quantum processors. Although widespread adoption is on the horizon, the current inclusion of quantum computing in cloud portfolios underscores a commitment to technological leadership. Quantum computing has the potential to revolutionize computational capabilities, solving complex problems at unprecedented speeds. As a result, its inclusion in the public cloud landscape reflects a strategic stance, preparing for the future while demonstrating dedication to cutting-edge advancements in cloud technology.

Which Factors Present Challenges to the Public Cloud Service Market Expansion?

“Integration Complexity and Vendor Lock-In, Security Concerns and Data Protection, and Performance and Latency Issues Poses a Challenge to Market Expansion”

Security remains a paramount concern for organizations migrating to the public cloud. Despite advancements in cloud security measures, apprehensions persist regarding data breaches, compliance, and data protection. As cyber threats evolve, maintaining the integrity and confidentiality of sensitive information becomes a constant challenge, demanding continuous innovation in security protocols and heightened user awareness.

As organizations adopt multi-cloud or hybrid cloud strategies, integrating diverse cloud services and platforms becomes complex. Interoperability challenges and the risk of vendor lock-in emerge compelling businesses to carefully design their architecture to avoid dependency on a single provider. Striking the right balance between flexibility and standardization is pivotal to managing integration complexities effectively.

While cloud infrastructure continues to improve, concerns about performance and latency persist. Certain applications, especially those with stringent latency requirements, may face challenges in achieving optimal performance in the cloud. Identifying suitable cloud solutions for specific workloads and addressing latency issues are critical for ensuring consistent and reliable application performance.

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Country-wise Insights

North America’s public cloud service market is anticipated to be worth US$ 56,806.4 million in 2024, accounting for a share of 25.8% of the global market. Furthermore, the East Asia is likely to be worth US$ 67,595.3 million in 2024, with a share of 30.7%.

Growth Outlook for Countries in North America

Country Market Share in 2024
United States 78.2%
Canada 15.3%
Mexico 6.5%

Which Country Holds the Dominance in the Global Public Cloud Service Market?

“The Public Cloud Service Industry in the United States is Predicted to Lead with a Share of 78.2% in 2024”

The United States public cloud service market is anticipated to hold a 78.2% share in 2024. The growth is propelled by a flourishing ecosystem of both cloud providers and users, steering the market toward continuous growth. The country's robust venture capital sector serves as a driving force for promising cloud startups, injecting novel ideas and disruptive technologies into the marketplace.

With a tech-savvy population and a culture inclined towards early adoption, the U.S. experiences swift acceptance of emerging cloud technologies, acting as a catalyst for further market expansion. Supported by a well-established and scalable physical infrastructure, including advanced data centers and high-speed internet connections, the nation provides a sturdy foundation for the delivery of cloud services.

Growth Outlook for Countries in East Asia

Country Market Share in 2024
China 50.3%
Japan 29.8%
Korea 19.9%

Why China Dominates the East Asia Public Cloud Service Industry?

“China Public Cloud Service Industry is Anticipated to Grab a 50.3% in 2024.”

Rapid digital evolution in China fuels a surging demand for cloud-based solutions across various sectors, spanning eCommerce to healthcare, creating an optimal environment for the flourishing public cloud industry. China cultivates a dynamic ecosystem of homegrown cloud providers, exemplified by giants like Alibaba Cloud and Huawei Cloud. These providers possess an intricate understanding of the local market nuances, tailoring their services to meet specific needs.

Government initiatives and supportive policies, including tax incentives and substantial infrastructure investments, act as driving forces propelling the robust growth of the public cloud industry. With a vast pool of tech talent, China experiences continuous innovation and development within the cloud sector, ensuring a steady progression at the forefront of cloud technology. Additionally, concerns regarding data security and privacy have prompted some Chinese businesses to prioritize public cloud providers, further boosting the market's strength and resilience.

Category-wise Insights

Large enterprises are projected to hold a 63.1% share by enterprise type in 2024. Based on type, the cloud system infrastructure services (IaaS) segment is projected to hold a 36.3% share in 2024.

Which Enterprise Type Dominates the Public Cloud Service Industry through 2034?

“Large Enterprises Segment to Secure a Dominant Share of 63.1% in 2024”

The large enterprise segment is expected to hold a share of 63.1% in 2024. Large enterprises have complex needs and require solutions that can scale with their growth. The public cloud's elasticity and flexibility cater perfectly to this demand, enabling it to adapt and thrive in a market.

The cloud offers significant cost savings through resource pooling and pay-as-you-go models. For large enterprises with substantial IT budgets, this translates to increased efficiency and improved bottom lines. Large enterprises have the resources to invest in research and development, fueling innovation within the cloud ecosystem. They act as incubators for new technologies and best practices, benefiting themselves and the broader market.

Large enterprises attract top tech talent by building in-house cloud expertise and fostering a culture of cloud adoption within their organizations. This expertise enables them to maximize the cloud's potential and achieve their strategic goals.

Which Public Cloud Service Dominates the Industry by Type?

“Cloud System Infrastructure Services to Mark a High Demand with a Share of 36.3% in 2024”

The cloud system infrastructure services segment is expected to hold a share of 36.3% in 2024. Cloud system infrastructure services enable rapid deployment and scaling of IT resources, allowing businesses to quickly respond to changing market demands and seize new opportunities. This offers significant cost savings for businesses of all sizes by eliminating upfront hardware investments and ongoing maintenance costs. This financial benefit makes cloud adoption even more attractive.

Cloud system infrastructure services offer access to cutting-edge cloud infrastructure, including high-performance processors, vast storage capacity, and robust networking capabilities. This allows businesses to run their applications at peak performance and ensure a seamless user experience. Cloud providers invest heavily in security measures, offering robust data protection and disaster recovery options. This gives businesses peace of mind, knowing their critical data is safe in the cloud.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape of the Public Cloud Service Industry

Established global giants continue to lead the market with their comprehensive service offerings, expansive infrastructure, and innovative solutions. Emerging players, often niche providers with specialized offerings, are gaining traction and challenging traditional market leaders. These include industry-focused cloud services, regional players, and startups introducing unique technologies.

Telecommunications companies are making strategic forays into the public cloud arena, leveraging their network infrastructure and resources. This convergence of telecommunications and cloud services is reshaping the competition, introducing new dynamics, and intensifying competition.

The rise of open-source cloud platforms is boosting a more collaborative and interoperable ecosystem. These platforms provide flexibility and customization options for businesses, creating an alternative landscape to proprietary cloud solutions.

Partnerships and collaborations are becoming increasingly prevalent as cloud providers seek to enhance their service portfolios and cater to diverse customer needs. Joint ventures, strategic alliances, and partnerships with technology vendors are strategic moves that contribute to the overall competitiveness of cloud service providers.

Recent Developments :

  • AWS introduced Amazon Braket Quantum Service, enabling developers to access and experiment with quantum computing.
  • Microsoft Azure launched Azure Arc for Kubernetes, extending Kubernetes management across hybrid and multi-cloud environments.
  • Alibaba Cloud launched its chip development platform, Wujian 600, in August 2022, which supports the design of high-performance SoCs based on the RISC-V instruction-set architecture.
  • IBM Cloud and NVIDIA have collaborated to accelerate edge analytics and deploy AI solutions for the healthcare industry. IBM Cloud offers NVIDIA Clara, a suite of software and services that powers AI healthcare solutions, such as medical imaging, genomics, and drug discovery.

Segmentation of Public Cloud Service Market Research

  • By Enterprise Type :

    • Large Enterprises
    • SME's
  • By Type :

    • Cloud Business Process Services
    • Cloud Application Services
    • Cloud Application Infrastructure Services
    • Cloud System Infrastructure Services
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2019-2023 and Forecast, 2024-2034

    4.1. Historical Market Size Value (US$ Million) Analysis, 2019-2023

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2024-2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2019-2023

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2024-2034

        5.3.1. Cloud Business Process Services (BPaaS)

        5.3.2. Cloud Application Services (SaaS)

        5.3.3. Cloud Application Infrastructure Services( PaaS)

        5.3.4. Cloud System Infrastructure Services(IaaS)

    5.4. Y-o-Y Growth Trend Analysis By Type, 2019-2023

    5.5. Absolute $ Opportunity Analysis By Type, 2024-2034

6. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Vertical

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2019-2023

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2024-2034

        6.3.1. Government

        6.3.2. BFSI

        6.3.3. Healthcare

        6.3.4. Telecommunication

        6.3.5. Energy & Utilities

        6.3.6. Retail/ Wholesale

        6.3.7. Manufacturing

        6.3.8. Transportation

        6.3.9. Others

    6.4. Y-o-Y Growth Trend Analysis By Vertical, 2019-2023

    6.5. Absolute $ Opportunity Analysis By Vertical, 2024-2034

7. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Enterprise Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Enterprise Type, 2019-2023

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Enterprise Type, 2024-2034

        7.3.1. Large Enterprise

        7.3.2. Small & Medium Enterprise

    7.4. Y-o-Y Growth Trend Analysis By Enterprise Type, 2019-2023

    7.5. Absolute $ Opportunity Analysis By Enterprise Type, 2024-2034

8. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019-2023

    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024-2034

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        9.2.1. By Country

            9.2.1.1. U.S.

            9.2.1.2. Canada

        9.2.2. By Type

        9.2.3. By Vertical

        9.2.4. By Enterprise Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Vertical

        9.3.4. By Enterprise Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Type

        10.2.3. By Vertical

        10.2.4. By Enterprise Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Vertical

        10.3.4. By Enterprise Type

    10.4. Key Takeaways

11. Western Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. U.K.

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Type

        11.2.3. By Vertical

        11.2.4. By Enterprise Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Vertical

        11.3.4. By Enterprise Type

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Type

        12.2.3. By Vertical

        12.2.4. By Enterprise Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Vertical

        12.3.4. By Enterprise Type

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Type

        13.2.3. By Vertical

        13.2.4. By Enterprise Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Vertical

        13.3.4. By Enterprise Type

    13.4. Key Takeaways

14. East Asia Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Type

        14.2.3. By Vertical

        14.2.4. By Enterprise Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Type

        14.3.3. By Vertical

        14.3.4. By Enterprise Type

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019-2023

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024-2034

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Type

        15.2.3. By Vertical

        15.2.4. By Enterprise Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Type

        15.3.3. By Vertical

        15.3.4. By Enterprise Type

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. U.S.

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2023

            16.1.2.1. By Type

            16.1.2.2. By Vertical

            16.1.2.3. By Enterprise Type

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2023

            16.2.2.1. By Type

            16.2.2.2. By Vertical

            16.2.2.3. By Enterprise Type

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2023

            16.3.2.1. By Type

            16.3.2.2. By Vertical

            16.3.2.3. By Enterprise Type

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2023

            16.4.2.1. By Type

            16.4.2.2. By Vertical

            16.4.2.3. By Enterprise Type

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2023

            16.5.2.1. By Type

            16.5.2.2. By Vertical

            16.5.2.3. By Enterprise Type

    16.6. U.K.

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2023

            16.6.2.1. By Type

            16.6.2.2. By Vertical

            16.6.2.3. By Enterprise Type

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2023

            16.7.2.1. By Type

            16.7.2.2. By Vertical

            16.7.2.3. By Enterprise Type

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2023

            16.8.2.1. By Type

            16.8.2.2. By Vertical

            16.8.2.3. By Enterprise Type

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2023

            16.9.2.1. By Type

            16.9.2.2. By Vertical

            16.9.2.3. By Enterprise Type

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2023

            16.10.2.1. By Type

            16.10.2.2. By Vertical

            16.10.2.3. By Enterprise Type

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2023

            16.11.2.1. By Type

            16.11.2.2. By Vertical

            16.11.2.3. By Enterprise Type

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2023

            16.12.2.1. By Type

            16.12.2.2. By Vertical

            16.12.2.3. By Enterprise Type

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2023

            16.13.2.1. By Type

            16.13.2.2. By Vertical

            16.13.2.3. By Enterprise Type

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2023

            16.14.2.1. By Type

            16.14.2.2. By Vertical

            16.14.2.3. By Enterprise Type

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2023

            16.15.2.1. By Type

            16.15.2.2. By Vertical

            16.15.2.3. By Enterprise Type

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2023

            16.16.2.1. By Type

            16.16.2.2. By Vertical

            16.16.2.3. By Enterprise Type

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2023

            16.17.2.1. By Type

            16.17.2.2. By Vertical

            16.17.2.3. By Enterprise Type

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2023

            16.18.2.1. By Type

            16.18.2.2. By Vertical

            16.18.2.3. By Enterprise Type

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2023

            16.19.2.1. By Type

            16.19.2.2. By Vertical

            16.19.2.3. By Enterprise Type

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2023

            16.20.2.1. By Type

            16.20.2.2. By Vertical

            16.20.2.3. By Enterprise Type

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2023

            16.21.2.1. By Type

            16.21.2.2. By Vertical

            16.21.2.3. By Enterprise Type

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2023

            16.22.2.1. By Type

            16.22.2.2. By Vertical

            16.22.2.3. By Enterprise Type

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2023

            16.23.2.1. By Type

            16.23.2.2. By Vertical

            16.23.2.3. By Enterprise Type

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Type

        17.3.3. By Vertical

        17.3.4. By Enterprise Type

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Alphabet, Inc.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. Microsoft Corp.

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. International Business Machines Corp.

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. Oracle Corp.

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. CenturyLink, Inc.

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Amazon Web Services Inc

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. Salesforce.com

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. VMware, Inc.

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Adobe Systems, Inc.

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. Red Hat, Inc.

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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List Of Table

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019-2034

Table 2: Global Market Value (US$ Million) Forecast by Type, 2019-2034

Table 3: Global Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 4: Global Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 5: North America Market Value (US$ Million) Forecast by Country, 2019-2034

Table 6: North America Market Value (US$ Million) Forecast by Type, 2019-2034

Table 7: North America Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 8: North America Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019-2034

Table 10: Latin America Market Value (US$ Million) Forecast by Type, 2019-2034

Table 11: Latin America Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 12: Latin America Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019-2034

Table 14: Western Europe Market Value (US$ Million) Forecast by Type, 2019-2034

Table 15: Western Europe Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 16: Western Europe Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019-2034

Table 18: Eastern Europe Market Value (US$ Million) Forecast by Type, 2019-2034

Table 19: Eastern Europe Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 20: Eastern Europe Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019-2034

Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Type, 2019-2034

Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019-2034

Table 26: East Asia Market Value (US$ Million) Forecast by Type, 2019-2034

Table 27: East Asia Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 28: East Asia Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019-2034

Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2019-2034

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Vertical, 2019-2034

Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Enterprise Type, 2019-2034

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List Of Figures

Figure 1: Global Market Value (US$ Million) by Type, 2024-2034

Figure 2: Global Market Value (US$ Million) by Vertical, 2024-2034

Figure 3: Global Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 4: Global Market Value (US$ Million) by Region, 2024-2034

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019-2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024-2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024-2034

Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 9: Global Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 10: Global Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 11: Global Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 12: Global Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 13: Global Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 14: Global Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 17: Global Market Attractiveness by Type, 2024-2034

Figure 18: Global Market Attractiveness by Vertical, 2024-2034

Figure 19: Global Market Attractiveness by Enterprise Type, 2024-2034

Figure 20: Global Market Attractiveness by Region, 2024-2034

Figure 21: North America Market Value (US$ Million) by Type, 2024-2034

Figure 22: North America Market Value (US$ Million) by Vertical, 2024-2034

Figure 23: North America Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 24: North America Market Value (US$ Million) by Country, 2024-2034

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 28: North America Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 29: North America Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 30: North America Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 31: North America Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 32: North America Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 34: North America Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 37: North America Market Attractiveness by Type, 2024-2034

Figure 38: North America Market Attractiveness by Vertical, 2024-2034

Figure 39: North America Market Attractiveness by Enterprise Type, 2024-2034

Figure 40: North America Market Attractiveness by Country, 2024-2034

Figure 41: Latin America Market Value (US$ Million) by Type, 2024-2034

Figure 42: Latin America Market Value (US$ Million) by Vertical, 2024-2034

Figure 43: Latin America Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 44: Latin America Market Value (US$ Million) by Country, 2024-2034

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 48: Latin America Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 51: Latin America Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 54: Latin America Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 57: Latin America Market Attractiveness by Type, 2024-2034

Figure 58: Latin America Market Attractiveness by Vertical, 2024-2034

Figure 59: Latin America Market Attractiveness by Enterprise Type, 2024-2034

Figure 60: Latin America Market Attractiveness by Country, 2024-2034

Figure 61: Western Europe Market Value (US$ Million) by Type, 2024-2034

Figure 62: Western Europe Market Value (US$ Million) by Vertical, 2024-2034

Figure 63: Western Europe Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 64: Western Europe Market Value (US$ Million) by Country, 2024-2034

Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 68: Western Europe Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 71: Western Europe Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 74: Western Europe Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 77: Western Europe Market Attractiveness by Type, 2024-2034

Figure 78: Western Europe Market Attractiveness by Vertical, 2024-2034

Figure 79: Western Europe Market Attractiveness by Enterprise Type, 2024-2034

Figure 80: Western Europe Market Attractiveness by Country, 2024-2034

Figure 81: Eastern Europe Market Value (US$ Million) by Type, 2024-2034

Figure 82: Eastern Europe Market Value (US$ Million) by Vertical, 2024-2034

Figure 83: Eastern Europe Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024-2034

Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 97: Eastern Europe Market Attractiveness by Type, 2024-2034

Figure 98: Eastern Europe Market Attractiveness by Vertical, 2024-2034

Figure 99: Eastern Europe Market Attractiveness by Enterprise Type, 2024-2034

Figure 100: Eastern Europe Market Attractiveness by Country, 2024-2034

Figure 101: South Asia and Pacific Market Value (US$ Million) by Type, 2024-2034

Figure 102: South Asia and Pacific Market Value (US$ Million) by Vertical, 2024-2034

Figure 103: South Asia and Pacific Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024-2034

Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 117: South Asia and Pacific Market Attractiveness by Type, 2024-2034

Figure 118: South Asia and Pacific Market Attractiveness by Vertical, 2024-2034

Figure 119: South Asia and Pacific Market Attractiveness by Enterprise Type, 2024-2034

Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024-2034

Figure 121: East Asia Market Value (US$ Million) by Type, 2024-2034

Figure 122: East Asia Market Value (US$ Million) by Vertical, 2024-2034

Figure 123: East Asia Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 124: East Asia Market Value (US$ Million) by Country, 2024-2034

Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 128: East Asia Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 129: East Asia Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 131: East Asia Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 132: East Asia Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 134: East Asia Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 137: East Asia Market Attractiveness by Type, 2024-2034

Figure 138: East Asia Market Attractiveness by Vertical, 2024-2034

Figure 139: East Asia Market Attractiveness by Enterprise Type, 2024-2034

Figure 140: East Asia Market Attractiveness by Country, 2024-2034

Figure 141: Middle East and Africa Market Value (US$ Million) by Type, 2024-2034

Figure 142: Middle East and Africa Market Value (US$ Million) by Vertical, 2024-2034

Figure 143: Middle East and Africa Market Value (US$ Million) by Enterprise Type, 2024-2034

Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024-2034

Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019-2034

Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2019-2034

Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Vertical, 2019-2034

Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Vertical, 2024-2034

Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Vertical, 2024-2034

Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Enterprise Type, 2019-2034

Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Enterprise Type, 2024-2034

Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Enterprise Type, 2024-2034

Figure 157: Middle East and Africa Market Attractiveness by Type, 2024-2034

Figure 158: Middle East and Africa Market Attractiveness by Vertical, 2024-2034

Figure 159: Middle East and Africa Market Attractiveness by Enterprise Type, 2024-2034

Figure 160: Middle East and Africa Market Attractiveness by Country, 2024-2034

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What was the value of the public cloud service market in 2019?

The global public cloud service market was worth US$ 100,123.2 million in 2019.

What is the sales outlook for public cloud service in 2024?

The sales outlook for public cloud service is anticipated to be valued at US$ 220,180 million in 2024.

What is the demand forecast for public cloud service for the decade?

Demand for public cloud services is projected to reach a market value of US$ 880,189.6 million by 2034.

What is the demand growth projection for public cloud service?

Public cloud service adoption is projected to rise at a CAGR of 14.9% through 2034.

At what rate is the market in the United States predicted to grow?

The United States public cloud service industry is forecasted to expand at a CAGR of 14.7% through 2034.

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