Cloud Computing Report Description
Global Cloud Computing market is expected to grow at a CAGR of 24% during 2016-2021. Cloud Computing market is segmented on the basis Service Models, Deployment Models, Market Verticals, Pricing Components. Cloud computing offers significantly cost efficient IT resource and cost on demand IT services based on consumers actual usage. Cloud Computing market is split into various major sub segments such as Cloud Storage, Cloud Infrastructure, Cloud Software, Cloud Security, Cloud Platforms and Development.
Cloud Software market is estimated to be the fastest growing segment considering overall market. The key market players in this market such as Amazon Web Services, Microsoft, Google, Salesforce and IBM are focusing on increased innovation, pricing, high level of user adoption. Mergers and acquisitions, launch of new services are key strategies opted in this market.
North America is the largest market followed by Europe and Asia Pacific Market. Asia Pacific is expected to be the fastest growing market followed by North America. North America is home to largest companies in terms of revenue which includes Amazon web service, Salesforce, Google, Microsoft, IBM and other major companies.