Global Cloud Computing Market 2020-2025: COVID-19 Focused Developments and Strategies - ResearchAndMarkets.com

DUBLIN--()--The "Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public and Private), Organization Size, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.

Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic. The sudden shutdowns of offices, schools, and enterprises have increased the demand for cloud solutions and services.

The cloud market in verticals such as IT, telecom, BFSI, and media and entertainment has impacted positively due to the work from home initiative. Employees are using cloud collaboration platforms for communicating and consuming OTT streaming services heavily as they need to stay at home amidst lockdowns.

Infrastructure as a Service (IaaS) to help enterprises in enhancing infrastructure scalability and performance

IaaS enables enterprises to leverage their IT infrastructure without paying for the construction of the physical infrastructure. Moreover, it provides flexibility, mobility, easy, and scalable access to applications, and enhances collaboration to help enterprises focus on their core businesses.

The increasing internet access through smartphones and other devices has spurred the digitalization trend among enterprises that generate large volumes of business data daily. These factors have increased the enterprises' concerns over losing the focus on core business operations and meeting the demand for clients. IaaS helps in reducing the cost of deploying IT infrastructure, hardware, and in hiring skilled resources. These benefits, in turn, are expected to drive the adoption of IaaS.

Retail and consumer goods vertical to grow at the highest rate during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. Various factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations leading to the existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services.

North America to hold the largest market size and Asia Pacific (APAC) to grow at the highest rate during the forecast period

North America is the most mature market in terms of cloud computing services adoption, due to several factors, such as the presence of many enterprises with advanced IT infrastructure, and availability of technical expertise. APAC is expected to offer significant growth opportunities for cloud computing vendors during the forecast period. Rapid advancements in emerging technologies, IT infrastructure services, and the Internet of Things (IoT) have led many organizations to adopt cloud computing services.

Key Topics Covered

1 Introduction

1.1 Introduction to COVID-19

1.2 COVID-19 Health Assessment

1.3 COVID-19 Economic Assessment

1.4 Objectives of the Study

1.5 Market Definition

1.6 Market Scope

1.7 Currency

1.8 Stakeholders

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Growth Opportunities in the Cloud Computing Market

4.2 Market: by Service Model, 2020 Vs 2025

4.3 Market: by Infrastructure as a Service, 2020 Vs 2025

4.4 Market: by Platform as a Service, 2020 Vs 2025

4.5 Market: by Software as a Service, 2020 Vs 2025

4.6 Market: by Deployment Model, 2020 Vs 2025

4.7 Market: by Vertical, 2020 Vs 2025

4.8 Cloud Computing Market Regional Scenario, 2020-2025

4.9 Market Top Countries, 2020

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Inclination of Enterprises Toward Automation and Agility

5.2.1.2 Enhanced Customer Experience With Personalization and Collaboration

5.2.1.3 Increased Return on Investments With Lower Infrastructure and Storage Costs

5.2.1.4 Surging Demand for Remote Workspaces With COVID-19 Outbreak

5.2.1.5 Rise in Demand for Cloud-Based Business Continuity Tools and Services

5.2.1.6 Business Expansions by Large Vendors Across Geographies to Acquire Untapped Customer Base

5.2.1.7 Proliferation of Digital Content and Upsurge in Internet Usage

5.2.1.8 Need for Disaster Recovery and Contingency Plan

5.2.2 Restraints

5.2.2.1 Cyberattacks Damaging Business Operations and Critical Data Loss

5.2.2.2 Limited Technical Expertise Among Enterprises in Technologically Developing Geographies

5.2.2.3 Inadequate Network Bandwidth Providers and Lack of Access to High-Speed Internet in Large Number of Countries

5.2.3 Opportunities

5.2.3.1 Increase in Adoption of Hybrid Cloud Services

5.2.3.2 Boosting the Adoption of Edge Technologies

5.2.3.3 Rise in Number of Small and Medium-Sized Enterprises to Create New Revenue Opportunities for Cloud Vendors

5.2.3.4 Telecom Service Providers Leveraging Existing Infrastructure to Offer Cloud-Based Services

5.2.3.5 Increasing Business Tie-Ups With Device Manufacturers

5.2.3.6 Bridging the Connectivity and Accessibility Gap

5.2.3.7 Need for Secure Cloud Environments to Increase Significantly

5.2.4 Challenges

5.2.4.1 Need to Manage Regulatory and Compliance Policy Needs

5.2.4.2 Compatibility Complexities With Legacy Systems

5.2.4.3 Fear of Vendor Lock-In

5.3 COVID-19-Driven Market Dynamics

5.3.1 Drivers and Opportunities

5.3.2 Restraints and Challenges

5.3.3 Cumulative Growth Analysis

5.4 Regulations

5.4.1 General Data Protection Regulation

5.4.2 Payment Card Industry-Data Security Standard

5.4.3 Health Insurance Portability and Accountability Act

5.4.4 Gramm-Leach-Bliley Act

5.4.5 Sarbanes-Oxley Act

5.4.6 SOC2

5.5 Trends

5.6 Value Chain

5.7 Ecosystem

6 COVID-19 Focused Developments and Strategies

6.1 Connectivity Providers/Original Equipment Manufacturers

6.2 Cloud Service Providers

6.3 Consultants/Managed Service Providers

7 Cloud Computing Market, by Service Model

7.1 Introduction

7.2 Infrastructure as a Service

7.3 Platform as a Service

7.4 Software as a Service

8 Cloud Computing Market, by Infrastructure as a Service

8.1 Introduction

8.2 Primary Storage

8.3 Disaster Recovery and Backup

8.4 Archiving

8.5 Compute

9 Cloud Computing Market, by Platform as a Service

9.1 Introduction

9.2 Application Development and Platforms

9.3 Application Testing and Quality

9.4 Analytics and Reporting

9.5 Integration and Orchestration

9.6 Data Management

10 Cloud Computing Market, by Software as a Service

10.1 Introduction

10.2 Customer Relationship Management

10.3 Enterprise Resource Management

10.4 Human Capital Management

10.5 Content Management

10.6 Collaboration and Productivity Suites

10.7 Supply Chain Management

10.8 Others

11 Cloud Computing Market, by Deployment Model

11.1 Introduction

11.2 Public Cloud

11.3 Private Cloud

12 Cloud Computing Market, by Organization Size

12.1 Introduction

12.2 Large Enterprises

12.3 Small and Medium-Sized Enterprises

13 Cloud Computing Market, by Vertical

13.1 Introduction

13.2 Banking, Financial Services, and Insurance

13.3 Telecommunications

13.4 IT and ITEs

13.5 Government and Public Sector

13.6 Retail and Consumer Goods

13.7 Manufacturing

13.8 Energy and Utilities

13.9 Media and Entertainment

13.10 Healthcare and Life Sciences

13.11 Others

14 Cloud Computing Market, by Region

14.1 Introduction

14.2 North America

14.3 Europe

14.4 Asia-Pacific

14.5 Middle East and Africa

14.6 Latin America

15 Competitive Landscape

15.1 Introduction

15.2 Market Evaluation Framework

15.3 Vendor Market Share for Infrastructure as a Service Segment, 2019

15.4 Vendor Market Share for Platform as a Service Segment, 2019

15.5 Vendor Market Share for Software as a Service Segment, 2019

15.6 Key Market Developments

15.6.1 New Product Launches

15.6.2 Business Expansions

15.6.3 Acquisitions

15.6.4 Partnerships

16 Company Profiles

16.1 Introduction

16.2 AWS

16.3 Microsoft

16.4 IBM

16.5 Salesforce

16.6 Google

16.7 Oracle

16.8 SAP

16.9 Alibaba Cloud

16.10 Adobe

16.11 Workday

16.12 Fujitsu

16.13 VMWare

16.14 Rackspace

16.15 DXC

16.16 Tencent

16.17 NEC

16.18 Joyent

16.19 Virtustream

16.20 Digitalocean

16.21 Skytap

16.22 OVH

16.23 Bluelock

16.24 Navisite

16.25 Centurylink

16.26 Infor

16.27 Sage

16.28 Intuit

16.29 Opentext

16.30 Cisco

16.31 Box

16.32 Zoho

16.33 Citrix

16.34 Epicor

16.35 Upland Software

16.36 Servicenow

16.37 IFS

For more information about this report visit https://www.researchandmarkets.com/r/emrodl

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900