Cloud-based computing Market Gains Momentum During Forecast Period 2019 to 2026

Market Analysis: Global Cloud-based computing Market

Cloud-based computing market

Market Definition: Global Cloud-based computing Market

Cloud computing is the delivery of any services such as networking, software, storage and others over the internet. This can either be private or public in which public cloud sell services to the people on the internet and private cloud is usually used by organization in which services are provided to the limited number of the people. They are divided into three service models- platform as a service, software as a service and infrastructure as a service. These cloud computing are very beneficial as they are cost effective, improves performance, enhance productivity and has the ability to scale elastically. They are widely used in industries such as banking, manufacturing, media, healthcare, energy utilities and others.

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Market Drivers:

Rising automation and agility is driving the market growth

Increasing demand to deliver enhanced customer experience will also accelerate the growth of this market

Growing demand from end users as it offers consumption-based billing which will also propel the market growth

Increased cost saving and good return on investment is also contributing as a factor for the growth of this market


Market Restraints:

Lack of skilled and trained professional will restrain the market growth

Increasing concern associated with the data privacy and access will also restrain the growth of the market


Segmentation: Global Cloud-based computing Market

By Service Model

Infrastructure as a Service

Platform as a Service

Software as a Service


By Deployment Model

Public Cloud

Private Cloud

Hybrid Cloud


By Organization Size

Small and Medium-Sized Enterprises

Large Enterprises


By Vertical

Banking, Financial Services and Insurance

IT and Telecommunications

Government and Public Sector

Retail and Consumer Goods

Manufacturing

Energy and Utilities

Media and Entertainment

Healthcare and Life Sciences

Others


By Workload

Storage, Backup, and Disaster Recovery

Application Development and Testing

Database Management

Business Analytics

Integration and Orchestration

Customer Relationship Management

Enterprise Resource Management

Collaboration and Content Management


By Geography

North America

U.S.

Canada

Mexico


Europe

Germany

Italy

U.K.

France

Spain

Netherlands

Belgium

Switzerland

Turkey

Russia

Rest of Europe


Asia-Pacific

Japan

China

India

South Korea

Australia

Singapore

Malaysia

Thailand

Indonesia

Philippines

Rest of Asia-Pacific


South America

Brazil

Argentina

Rest of South America


Middle East and Africa

Saudi Arabia

UAE

South Africa

Egypt

Israel

Rest of Middle East and Africa



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Key Developments in the Market:

In April 2019, Google announced the launch of their new open from Google Cloud Anthos which will help the users to access any applications from anywhere. This will help the user manage and track their workloads in their data center on the Google cloud without making any changes. It is completely a software-based solutions and one can install it on existing hardware

In August 2018, One97 Communications Limited announced the launch of their new artificial cloud computing platform Paytm AI Cloud for India which is specially designed for the online payment portal. The company has partnered with the Alibaba for Cloud Computing Infrastructure and with DingTalk they will be offering messaging solutions. This is very beneficial for the companies who require high- quality solutions and instant solutions for better workflow


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Competitive Analysis

Global cloud-based computing market

Major Market Competitors/Players

Few of the major competitors currently working in the global cloud-based computing market are IBM Corporation. Microsoft, Google, Amazon Web Services, Inc., Oracle, Alibaba Cloud, VMware, Inc., Intel Corporation, RACKSPACE US, INC., Adobe, Verizon, CenturyLink., FUJITSU, NTT Communications Corporation, Kamatera, Inc., DigitalOcean, LLC., MassiveGRID, Liquid Web, LLC, Salesforce.com, inc., Charter Communications, Pivotal Software, Inc., CloudSigma Holding AG and others.

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