Cloud Engineering Market worth USD 1235.4 Billion, growing at a 16.60% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Aug 26, 2023
Cloud Engineering Market Insights:
For the projection period of 2030, the Cloud Engineering Market is expected to reach roughly USD 1235.4 billion. Additionally, the global market share is expected to grow at a 16.60% CAGR from 2022 to 2030. The field of cloud computing engineering has several applications, and among them, system design is a well-known use of cloud engineering. Cloud engineering considers a methodical strategy while standardising and commercialising cloud computing.
Market is one of the world’s most fiercely competitive markets. The competitive landscape study report of the worldwide market indicates that the engagement of numerous domestic businesses and numerous reputable international brands is helping the cloud engineering industry grow stronger.
Due to the ongoing efforts of the key players who are implementing various strategic mergers and innovations, acquisitions, increasing investments in the cost-effective product portfolio, and growing investment in research and development, the global market is expanding and gaining more popularity in the international market. It’s a very competitive industry on the global market because there are so many big vendors there.
Key Players:
- The key players identified in the market include:
- GFT Technologies SE (Europe)
- Engineering Ingegneria Informatica SpA (Europe)
- ITC Infotech India Ltd. (India)
- Calsoft Inc. (US)
- Aricent Inc. (US)
- Rapidvalue Solutions Inc. (US)
- Nitor Infotech (India)
- VVDN Technologies (India)
- Softcrylic LLC (US)
- Searce Inc. (US)
- Trianz (US)Sogeti (Europe)
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Scope of the Report – Cloud Engineering Market:
|
Report Metrics |
Details |
|
Market Size by 2030 |
USD 1235.4 Billion |
|
CAGR during 2022-2030 |
16.60% |
|
Base Year |
2020 |
|
Forecast |
2022-2030 |
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Market Segmentation:
Based on the classification of the global CE Market by Service Type, it has been divided into Migration, Cloud Security, Cloud Storage, Consulting, Design, Training, Integration, and Others.
Among all of these service types, the cloud storage service type is anticipated to provide the highest CAGR during the examined timeframe.
The global market has been divided into three categories based on deployment: Private, Hybrid, and Public. The public cloud deployment option has produced a greater market share for the global market throughout the 2017 projected period.
The global cloud engineering market has been divided into three categories based on organisation size: small, large, and medium. During the projection period, it is anticipated that the Small and Medium-Sized Enterprises (SMEs) sector will produce higher market growth.
The global market has been divided into end-user segments based on the following industries: healthcare, energy & utilities, BFSI, retail, IT & telecommunications, government, and others.
Due to the rising demand for cloud engineering services, all these end users are driving market expansion across all geographical areas.
The regional overview indicates that the global market operates in several areas, including Asia-Pacific, North America, Europe, South America, and other parts of the world. For the projected period of 2017 to 2023, the North American region is contributing a larger share of the cloud engineering market. Due to several variables, including the existence of numerous businesses, the ease with which technical skills can be obtained, and the region’s excellent IT infrastructure, this region is contributing a larger share of the CE market.
Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Cloud Engineering Market – https://www.marketresearchfuture.com/reports/cloud-engineering-market-4063
Market Drivers:
The main drivers of the growth of the cloud engineering market are the high demand for concept testing before making any expenditures, rising demand for customised devices, and rising demand for cloud service adoption. Cloud engineering market demand is rising because of the development of the Internet of Things (IoT) and the expanding use of cloud-based services.
As a result, manufacturers now have more options and opportunities thanks to the rising demand for cloud engineering applications. As a result, there are more chances for the global market over the projection period thanks to the increased investment in research & development for the cloud engineering industry.
The expansion of the cloud engineering market is creating new chances for the worldwide market as well as a number of obstacles that may impede that industry’s expansion. One of the main obstacles to the expansion of the worldwide market is the growing concern for regulatory compliance, the protection of intellectual property rights (IPR), and the fear of losing control of data.
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