Cloud computing market size to grow by USD 429.6 billion from 2022 to 2027, Increased use of containers to boost market growth – Technavio

NEW YORK, June 15, 2023 /PRNewswire/ — The global cloud computing market size is estimated to grow by USD 429.6 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 17.32% during the forecast period. North America is estimated to account for 50% of the global market growth. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

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Cloud Computing Market – Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by deployment (public cloud and private cloud), service (SaaS, IaaS, and PaaS), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). 

The market share growth by the public cloud segment will be significant for overall market growth during the forecast period. Owing to an increase in the number of SMEs in developing economies such as China, India, and Mexico, which demand solutions for business-related insights, the demand for public cloud services in the financial services industry is rising. Furthermore, financial service providers share information across networks almost every millisecond and rely heavily on IT infrastructure for optimal uptime, security, connectivity, and data integrity. Hence, such factors drive segment growth during the forecast period.

Geography Overview
By geography, the global cloud computing market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global cloud computing market.

North America is estimated to account for 50% of the growth of the global market during the forecast period. Buyers of cloud computing services include enterprises from various end-user industries such as government, IT, BFSI, retail, and others. Furthermore, organizations increasingly adopt cloud solutions as they are cost-effective, scalable, and require minimal management. Additionally, one of the major reasons for the growth of the regional market is the increased demand for SaaS and IaaS services. Hence, such factors drive regional market growth during the forecast period.

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report

Cloud Computing Market – Market Dynamics
Key factor driving market growth

The increased use of containers will boost cloud adoption and notably drives the cloud computing market growth. As a result of the emergence of multiple platforms and OSes, organizations are looking for consistency in the application development environments.Furthermore, containers package the applications and all the OS dependencies in a single package, which enables easy movement of applications among cloud platforms and makes the container and microservices architecture a viable solution for the cloud environment. Hence, such factors drive market growth during the forecast period.

Leading trends influencing the market 

An increase in cloud orchestration and cloud management software is an emerging trend in the cloud computing market. The increase is because it offers agility but managing a hybrid cloud can be a challenge as there are different management tools for on-premises infrastructure and for managing the public cloud.Furthermore, cloud orchestration refers to the use of programming techniques to manage interconnections between the different public and private cloud computing environments.Hence, such trends influence the growth of the market during the forecast period.

Major challenges hindering the market growth

The vendor lock-in and operational complexities are major challenges that may hinder the cloud computing market growth. Vendor lock-in, also known as customer lock-in or proprietary lock-in, is where a customer using a product or service cannot easily transition to another vendor’s product or service, which makes a customer dependent on a vendor for products and services.Due to this, the enterprise/customer cannot use the technology, solution, or service developed by other vendors. Thus, it may be difficult to switch to public cloud service providers after all the data has been stored in the private cloud platform.Hence, such challenges impede the market growth during the forecast period. 

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Cloud Computing Market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the cloud computing market between 2023 and 2027Precise estimation of the size of the cloud computing market and its contribution to the market with a focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the cloud computing market across North America, APAC, Europe, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of cloud computing market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by DeploymentExhibit 06: Executive Summary – Chart on Market Segmentation by ServiceExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 2022 3.4 Market outlook: Forecast for 2022-2027Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global cloud computing market 2017 – 2021Exhibit 18: Historic Market Size – Data Table on Global cloud computing market 2017 – 2021 ($ billion)4.2 Deployment Segment Analysis 2017 – 2021Exhibit 19: Historic Market Size – Deployment Segment 2017 – 2021 ($ billion)4.3 Service Segment Analysis 2017 – 2021Exhibit 20: Historic Market Size – Service Segment 2017 – 2021 ($ billion)4.4 Geography Segment Analysis 2017 – 2021Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)4.5 Country Segment Analysis 2017 – 2021Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Deployment

6.1 Market segments Exhibit 30: Chart on Deployment – Market share 2022-2027 (%)Exhibit 31: Data Table on Deployment – Market share 2022-2027 (%)6.2 Comparison by Deployment Exhibit 32: Chart on Comparison by DeploymentExhibit 33: Data Table on Comparison by Deployment6.3 Public cloud – Market size and forecast 2022-2027Exhibit 34: Chart on Public cloud – Market size and forecast 2022-2027 ($ billion)Exhibit 35: Data Table on Public cloud – Market size and forecast 2022-2027 ($ billion)Exhibit 36: Chart on Public cloud – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Public cloud – Year-over-year growth 2022-2027 (%)6.4 Private cloud – Market size and forecast 2022-2027Exhibit 38: Chart on Private cloud – Market size and forecast 2022-2027 ($ billion)Exhibit 39: Data Table on Private cloud – Market size and forecast 2022-2027 ($ billion)Exhibit 40: Chart on Private cloud – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Private cloud – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Deployment Exhibit 42: Market opportunity by Deployment ($ billion)

7 Market Segmentation by Service

7.1 Market segments Exhibit 43: Chart on Service – Market share 2022-2027 (%)Exhibit 44: Data Table on Service – Market share 2022-2027 (%)7.2 Comparison by Service Exhibit 45: Chart on Comparison by ServiceExhibit 46: Data Table on Comparison by Service7.3 SaaS – Market size and forecast 2022-2027Exhibit 47: Chart on SaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 48: Data Table on SaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 49: Chart on SaaS – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on SaaS – Year-over-year growth 2022-2027 (%)7.4 IaaS – Market size and forecast 2022-2027Exhibit 51: Chart on IaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 52: Data Table on IaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 53: Chart on IaaS – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on IaaS – Year-over-year growth 2022-2027 (%)7.5 PaaS – Market size and forecast 2022-2027Exhibit 55: Chart on PaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 56: Data Table on PaaS – Market size and forecast 2022-2027 ($ billion)Exhibit 57: Chart on PaaS – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on PaaS – Year-over-year growth 2022-2027 (%)7.6 Market opportunity by Service Exhibit 59: Market opportunity by Service ($ billion)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 61: Chart on Market share by geography 2022-2027 (%)Exhibit 62: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 63: Chart on Geographic comparisonExhibit 64: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ billion)Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ billion)Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 APAC – Market size and forecast 2022-2027Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ billion)Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ billion)Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ billion)Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ billion)Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ billion)Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ billion)Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ billion)Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ billion)Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Canada – Market size and forecast 2022-2027Exhibit 93: Chart on Canada – Market size and forecast 2022-2027 ($ billion)Exhibit 94: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)Exhibit 95: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.11 UK – Market size and forecast 2022-2027Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ billion)Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ billion)Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)9.12 Germany – Market size and forecast 2022-2027Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ billion)Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers 10.2 Market challenges 10.3 Impact of drivers and challenges Exhibit 106: Impact of drivers and challenges in 2022 and 202710.4 Market trends 

11 Vendor Landscape

11.1 Overview 11.2 Vendor landscape Exhibit 107: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 108: Overview on factors of disruption11.4 Industry risks Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 110: Vendors covered12.2 Market positioning of vendors Exhibit 111: Matrix on vendor position and classification12.3 Adobe Inc. Exhibit 112: Adobe Inc. – OverviewExhibit 113: Adobe Inc. – Business segmentsExhibit 114: Adobe Inc. – Key newsExhibit 115: Adobe Inc. – Key offeringsExhibit 116: Adobe Inc. – Segment focus12.4 Alibaba Group Holding Ltd. Exhibit 117: Alibaba Group Holding Ltd. – OverviewExhibit 118: Alibaba Group Holding Ltd. – Business segmentsExhibit 119: Alibaba Group Holding Ltd. – Key offeringsExhibit 120: Alibaba Group Holding Ltd. – Segment focus12.5 Alphabet Inc. Exhibit 121: Alphabet Inc. – OverviewExhibit 122: Alphabet Inc. – Business segmentsExhibit 123: Alphabet Inc. – Key newsExhibit 124: Alphabet Inc. – Key offeringsExhibit 125: Alphabet Inc. – Segment focus12.6 Amazon.com Inc. Exhibit 126: Amazon.com Inc. – OverviewExhibit 127: Amazon.com Inc. – Business segmentsExhibit 128: Amazon.com Inc. – Key newsExhibit 129: Amazon.com Inc. – Key offeringsExhibit 130: Amazon.com Inc. – Segment focus12.7 Cisco Systems Inc. Exhibit 131: Cisco Systems Inc. – OverviewExhibit 132: Cisco Systems Inc. – Business segmentsExhibit 133: Cisco Systems Inc. – Key newsExhibit 134: Cisco Systems Inc. – Key offeringsExhibit 135: Cisco Systems Inc. – Segment focus12.8 Citrix Systems Inc. Exhibit 136: Citrix Systems Inc. – OverviewExhibit 137: Citrix Systems Inc. – Product / ServiceExhibit 138: Citrix Systems Inc. – Key newsExhibit 139: Citrix Systems Inc. – Key offerings12.9 Dell Technologies Inc. Exhibit 140: Dell Technologies Inc. – OverviewExhibit 141: Dell Technologies Inc. – Business segmentsExhibit 142: Dell Technologies Inc. – Key newsExhibit 143: Dell Technologies Inc. – Key offeringsExhibit 144: Dell Technologies Inc. – Segment focus12.10 Hewlett Packard Enterprise Co. Exhibit 145: Hewlett Packard Enterprise Co. – OverviewExhibit 146: Hewlett Packard Enterprise Co. – Business segmentsExhibit 147: Hewlett Packard Enterprise Co. – Key newsExhibit 148: Hewlett Packard Enterprise Co. – Key offeringsExhibit 149: Hewlett Packard Enterprise Co. – Segment focus12.11 Huawei Technologies Co. Ltd. Exhibit 150: Huawei Technologies Co. Ltd. – OverviewExhibit 151: Huawei Technologies Co. Ltd. – Business segmentsExhibit 152: Huawei Technologies Co. Ltd. – Key newsExhibit 153: Huawei Technologies Co. Ltd. – Key offeringsExhibit 154: Huawei Technologies Co. Ltd. – Segment focus12.12 International Business Machines Corp.Exhibit 155: International Business Machines Corp. – OverviewExhibit 156: International Business Machines Corp. – Business segmentsExhibit 157: International Business Machines Corp. – Key newsExhibit 158: International Business Machines Corp. – Key offeringsExhibit 159: International Business Machines Corp. – Segment focus12.13 Microsoft Corp. Exhibit 160: Microsoft Corp. – OverviewExhibit 161: Microsoft Corp. – Business segmentsExhibit 162: Microsoft Corp. – Key newsExhibit 163: Microsoft Corp. – Key offeringsExhibit 164: Microsoft Corp. – Segment focus12.14 NetApp Inc. Exhibit 165: NetApp Inc. – OverviewExhibit 166: NetApp Inc. – Business segmentsExhibit 167: NetApp Inc. – Key newsExhibit 168: NetApp Inc. – Key offeringsExhibit 169: NetApp Inc. – Segment focus12.15 Nutanix Inc. Exhibit 170: Nutanix Inc. – OverviewExhibit 171: Nutanix Inc. – Product / ServiceExhibit 172: Nutanix Inc. – Key offerings12.16 Oracle Corp. Exhibit 173: Oracle Corp. – OverviewExhibit 174: Oracle Corp. – Business segmentsExhibit 175: Oracle Corp. – Key newsExhibit 176: Oracle Corp. – Key offeringsExhibit 177: Oracle Corp. – Segment focus12.17 Rackspace Technology Inc. Exhibit 178: Rackspace Technology Inc. – OverviewExhibit 179: Rackspace Technology Inc. – Product / ServiceExhibit 180: Rackspace Technology Inc. – Key offerings

13 Appendix

13.1 Scope of the report 13.2 Inclusions and exclusions checklistExhibit 181: Inclusions checklistExhibit 182: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 183: Currency conversion rates for US$13.4 Research methodology Exhibit 184: Research methodologyExhibit 185: Validation techniques employed for market sizingExhibit 186: Information sources13.5 List of abbreviations Exhibit 187: List of abbreviations

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