The Global Public Cloud Market size was estimated at USD 24.75 billion in 2022 and expected to reach USD 28.17 billion in 2023, projecting growth at a CAGR of 16.20% to reach USD 82.33 billion by 2030.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.

Cumulative Impact of COVID-19:

The COVID-19 pandemic has had a significant impact on the public cloud market as more businesses move to remote work arrangements. With remote working comes an increased need for digital tools like video conferencing services, file-sharing platforms, and collaboration software. These types of tools are often hosted in the cloud and require a subscription to use them. This increase in demand for digital tools has led to an increase in demand for public cloud services.

Cumulative Impact of Russia-Ukraine Conflict:

The conflict between Russia and Ukraine has also had an impact on the public cloud market as companies try to avoid storing their data in either country’s data centers due to political tensions between them. This has led to an increased demand for public cloud services from other countries that may be considered more neutral or politically stable than either Russia or Ukraine.

Cumulative Impact of High Inflation:

High inflation has a negative impact on the public cloud market as businesses may not be able to afford the costs associated with using these services if inflation continues to rise. This could lead to companies either scaling back their usage of public cloud services or looking for alternative solutions, such as private clouds or hosting their own servers instead.

Market Dynamics:

The market dynamics represent the ever-shifting landscape of the Global Public Cloud Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.

  • Drivers
    • Rapidly increasing digital transformation among industries
    • Penetration of smartphones, smart devices, and other consumer electronic products
    • Rise in internet of things (IoT) technology and use of real-time analytics solutions
  • Restraints
    • High cost and lack of technical expertise associated with public cloud
  • Opportunities
    • New product launches with the incorporation of regulations compliance management
    • Improved effectiveness for hosting applications in public cloud
  • Challenges
    • Concerns associated with data privacy and security of public cloud

Market Segmentation & Coverage:

    This research report categorizes the Global Public Cloud Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Services, the market is studied across Internet-as-Service, Platform-as-a-Services, and Saas-as-a- Service.
  • Based on Enterprise Size, the market is studied across Large Enterprise and Small & Medium Enterprise.
  • Based on End-Use, the market is studied across BFSI, Energy & Utilities, Government & Public Sector, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, and Retail & Consumer Goods.
  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Public Cloud Market, including Adobe Inc., Alibaba Group Holdings Ltd., Amazon Web Services, Inc., AppScale Systems, Inc., Cisco Systems Inc., Cloudflex Cloud Computing Services Ltd., Cloudways by DigitalOcean Holdings, Inc., dinCloud by ATSG, Inc., Ekco Cloud Limited, Genesis Cloud GmbH, International Business Machines Corporation, Megaport.com, Microsoft Corporation, NetApp, Inc., Oracle Corporation, Orange Group, ORock Technologies Inc., Rackspace Inc., Salesforce.com Inc., SAP SE, Tudip Technologies Pvt. Ltd., Verizon, VMware Inc. by Broadcom, Inc., and Zymr, Inc..

The report provides insights on the following pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the key players
  • Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  • Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

  • What is the market size and forecast of the Global Public Cloud Market?
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Public Cloud Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Public Cloud Market?
  • What is the competitive strategic window for opportunities in the Global Public Cloud Market?
  • What are the technology trends and regulatory frameworks in the Global Public Cloud Market?
  • What is the market share of the leading vendors in the Global Public Cloud Market?
  • What modes and strategic moves are considered suitable for entering the Global Public Cloud Market?