[192 Pages Report] The Public Cloud Market size was estimated at USD 28.17 billion in 2023 and expected to reach USD 32.31 billion in 2024, at a CAGR 16.55% to reach USD 82.33 billion by 2030.
The public cloud is owned, operated by a provider, and shared across multiple tenants via the Internet. Many enterprise businesses look to the public cloud to expand existing IT resources on demand without committing to expanding their physical IT infrastructure. Public clouds save companies from the expensive costs of purchasing, managing, and maintaining on-premises hardware and application infrastructure. Government initiatives for digital transformation and the high effectiveness of hosting applications in the public cloud have expanded the popularity of the public cloud. The development of IoT-based city infrastructure and smart consumer electronics has increased the need for public cloud-based storage. However, the lack of technical expertise associated with the public cloud and issues associated with data privacy & security of using the public cloud remains significant reason for their limited deployment. New product launches include a more secure and safer range of public clouds, and with the establishment of more data centers, investments in the public cloud are expected to rise in the coming years.
Regional Insights
The Americas public cloud market is proliferating, driven by established cloud technology companies constantly investing in developing new and improved services. The Asia-Pacific region portrays many small and medium-sized enterprises gradually shifting to cloud computing, particularly in the BFSI and IT sectors. Governments in India, China, South Korea, Thailand, Indonesia, and Japan have initiated multiple cloud adoption programs to expand the popularity of cloud in this region, creating immense opportunities for public cloud adoption. The European region provides strict rules and regulations regarding cloud computing and requires public cloud providers to ensure the service is safe and secure. Finland and Sweden are the top nations adopting and deploying cloud services most efficiently. Germany, Italy, the UK, UAE, and the Netherlands are home to several startups working on integrating new technologies with the public cloud while catering to individual and enterprise cloud users.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Public Cloud Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Public Cloud Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Public Cloud Market, highlighting leading vendors and their innovative profiles. These include Adobe Inc., Alibaba Group Holdings Ltd., amazee.io AG, Amazon Web Services, Inc., AppScale Systems, Inc., Aptible Inc., Blue Prism Limited, Cisco Systems Inc., Cloudflex Cloud Computing Services Ltd., Cloudways Ltd., Consensus Cloud Solutions, Inc., CTRLS Datacenters Ltd., dinCloud, LLC, Ekco Cloud Limited, Genesis Cloud GmbH, Godesic Limited DBA Cutover, HashiCorp, Inc., Intel Corporation, International Business Machines Corporation, Ionos Inc., Kamatera, Inc., Linode LLC, Lumen Technologies, MicroHost Cloud, Microsoft Corporation, NetApp, Inc., Netmagic Solutions Pvt. Ltd., OpenNebula Systems, Oracle Corporation, Orange Group, ORock Technologies Inc., Platform.sh SAS, Rackspace Inc., Salesforce.com Inc., SAP SE, ServiceNow, Inc., Shanghai Yunzhou Information and Technology Ltd., Sify Technologies, Suse Group, The Constant Company, LLC, Tudip Technologies Pvt. Ltd., Virtustream, Inc., VMware Inc., and Zymr, Inc..
Market Segmentation & Coverage
This research report categorizes the Public Cloud Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Services
- Infrastructure-as-a-Service
- Platform-as-a-Service
- Software-as-a-Service
- Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
- End-Use
- BFSI
- Energy & Utilities
- Government & Public Sector
- Healthcare
- IT & Telecom
- Manufacturing
- Media & Entertainment
- Retail & Consumer Goods
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Public Cloud Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Public Cloud Market?
- What are the technology trends and regulatory frameworks in the Public Cloud Market?
- What is the market share of the leading vendors in the Public Cloud Market?
- Which modes and strategic moves are suitable for entering the Public Cloud Market?
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