Public Cloud Market Share 2020 Applications, Future Trends and Growth Prospects to 2023

Market Overview:

With the increasing use of cloud computing, the Public Cloud Market Share is destined to increase. Market Research Future (MRFR) has published a research report regarding the global public cloud market that estimates massive growth for this market with 22.78% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, this market is expected to be worth the US $ 1,132.88 bn during the forecast period.

The key factors driving the global Public Cloud Market Share include more enterprises and micro business entities shifting towards digitization, expansion of the internet-of-things (IoT), and the introduction of new frameworks to boost digitization and frameworks to facilitate low-cost internet services for citizens in countries with speedy development.

Key Players:

The prominent players in the public cloud market are – International Business Machines Corporation (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.),  Google (U.S.), Hewlett-Packard (U.S.), Salesforce.com (U.S.), Oracle Corporation (U.S.), VMware, Inc.(U.S.) , Cisco Systems, Inc. (U.S.), Verizon Wireless (U.S.), and Rackspace Inc. (U.S.) among others.

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Segmentation

The global public cloud market is segmented on the basis of cloud computing, service type, organization size, end use industry, and region.

• By cloud computing, the global public cloud market is segmented into cloud billing, cloud communication platforms, cloud access security, cloud high performance computing, and cloud infrastructure. The cloud infrastructure segment currently dominates the global public cloud, but cloud billing is likely to witness the highest CAGR over the forecast period.
• By service type, the global public cloud market is segmented into SaaS, PaaS, and IaaS. SaaS is likely to exhibit the highest growth rate over the forecast period, as it offers users the convenience of being able to access the services without installing them.
• By organization size, the global public cloud market is segmented into large enterprises and small & midsized enterprises.
• By end use, the public cloud market is segmented into manufacturing, BFSI, healthcare, retail, government, aerospace and defense, IT and telecommunications, and others. BFSI is likely to be the major revenue generator for the global public cloud market over the forecast period due to the growing adoption of mobile apps and related ecosystems in the BFSI sector.

Regional Analysis

North America is likely to dominate the global public cloud market over the forecast period, followed by Europe. The adoption of public cloud has been widespread in North America. Growing government support to public cloud expansion is also likely to be a major driver for the public cloud market in North America over the forecast period. Europe is also a leading regional market for public cloud due to the strong government support for widespread installation of public cloud infrastructure. The increasing use of 5G connectivity and the growing reliance on mobile apps for transactions are likely to drive the usage of public cloud systems in developed regions such as North America and Europe over the forecast period.

Asia Pacific, Latin America, the Middle East, and Africa are likely to exhibit low growth rates over the forecast period, though the market could see significant opportunities open up in Asia Pacific in the coming years due to the growing demand for advanced connectivity solutions in the regions.

Key Players:

The prominent players in the public cloud market are – International Business Machines Corporation (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.),  Google (U.S.), Hewlett-Packard (U.S.), Salesforce.com (U.S.), Oracle Corporation (U.S.), VMware, Inc.(U.S.) , Cisco Systems, Inc. (U.S.), Verizon Wireless (U.S.), and Rackspace Inc. (U.S.) among others.

Get Complete Report @ https://www.marketresearchfuture.com/reports/public-cloud-market-2291

TABLE OF CONTENTS

List of Tables

TABLE 1 MARKET SYNOPSIS

TABLE 2 LIST OF ASSUMPTIONS

TABLE 3 GLOBAL PUBLIC CLOUD MARKET, BY CLOUD COMPUTING, 2016-2023 (USD BILLION)

TABLE 4 GLOBAL PUBLIC CLOUD MARKET, BY SERVICE, 2016-2023 (USD BILLION)

TABLE 5 GLOBAL PUBLIC CLOUD MARKET, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)

TABLE 6 GLOBAL PUBLIC CLOUD MARKET, BY INDUSTRY VERTICALS, 2016-2023 (USD BILLION)

TABLE 7 GLOBAL PUBLIC CLOUD MARKET, BY REGION, 2016-2023 (USD BILLION)

TABLE 8 NORTH AMERICA: PUBLIC CLOUD MARKET, BY COUNTRY, 2016-2023 (USD BILLION)

TABLE 9 NORTH AMERICA: PUBLIC CLOUD MARKET, BY CLOUD COMPUTING, 2016-2023 (USD BILLION)

TABLE 10 NORTH AMERICA: PUBLIC CLOUD MARKET, BY SERVICE, 2016-2023 (USD BILLION)

TABLE 11 NORTH AMERICA: PUBLIC CLOUD MARKET, BY ORGNAIZATION SIZE, 2016-2023 (USD BILLION)

TABLE 12 NORTH AMERICA: PUBLIC CLOUD MARKET, BY INDUSTRY VERTICALS, 2016-2023 (USD BILLION)

Continued…

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