By 2030, the Public Cloud Market is anticipated to reach USD 1386.14 billion and exhibit a CAGR of 21.4% – Report by Market Research Future (MRFR)
Research Reports
Feb 06, 2023
Public Cloud Market Insights:
A type of computing known as “cloud computing” is designed to offer several services, including data servers, storage facilities, networking architecture, data analytics, and others. Cloud providers or cloud operators are terms used to describe the businesses that supply these services. There are three different ways Public Cloud Market can be deployed in a larger context. Public, private (or on-premises), and hybrid are some of these (combination of both on premise equipment and public). Anyone with authorization to use the cloud can access and use the public cloud because it is an open platform. Due to the increased danger of intrusion and security breaches in the public cloud, many businesses are switching to private or hybrid deployment.
The cloud has offered its customers a number of advantages. According to a Right Scale poll, 62% of cloud professionals believe that access to the infrastructure is now quicker. Greater scalability and increased availability were reported by 61% and 56% of the professionals, respectively. The development of cloud computing has made it a common practise for any business strategy and planning.
Many small and large businesses have moved their services to the cloud due to the higher availability, scalability, and manageability. This comprises a broad range of business sectors, particularly those in IT, retail, banking, and financial services, where the security and analytics of client data are of utmost importance.
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Public Cloud Market Key Players:
The prominent players in the Public Cloud Market are –
- International Business Machines Corporation (U.S.)
- com, Inc. (U.S.)
- Microsoft Corporation (U.S.)
- Google (U.S.)
- Hewlett-Packard (U.S.)
- com (U.S.)
- Oracle Corporation (U.S.)
- VMware, Inc.(U.S.)
- Cisco Systems, Inc. (U.S.)
- Verizon Wireless (U.S.)
- Rackspace Inc. (U.S.)
among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global Public Cloud market.
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Public Cloud Market Regional Analysis:
The Public Cloud Market services is geographically analysed for areas including the Asia-Pacific, North America, Europe, and the rest of the world. In North America, the market for public cloud services has been effectively driven by the main factors fostering the expansion of IT modernization. Additionally, it has been noted that the United States is the top country for the uptake of public cloud services. Over the projection period, Europe is anticipated to grow gradually and hold a sizable portion of the market for public cloud services. Due to the rapid acceptance of this technology across a wide range of industries, the Asia Pacific public cloud service market is predicted to expand rapidly.
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Public Cloud Market Segmentation:
Delivery model segmentation includes infrastructure as a service, software as a service, and platform as a service (IaaS)
Vertical segmentation includes banking, insurance, retail, education, and others in addition to telecommunications and information technology.
Small and medium businesses and large enterprises are divided according to end users.
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa comprise the regional segments.
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