Cloud Computing Market Research Report 2021-2027 is a factual overview and in-depth study on the current and future market of the Human Insulin Drugs and Delivery Devices industry. The Cloud Computing Market report provides supreme data, such as development strategy, competitive landscape, environment, opportunities, risk, challenges, and barriers, value chain optimization, contact and income information, technological advancement, product offerings of key players, and the dynamic structure of the market.
Cloud Computing Market report provides growth rate, Recent trends and absolute study of prime players at intervals the market by the weightlessness of their product description, business outline, and business tactic.
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UK Cloud Computing Market Size
The global Cloud Computing Market is estimated to grow from USD 297.81 Billion in 2019 to reach USD 1,092.48 Billion by 2027, at a CAGR of 17.7% during the forecast period from 2020-2027.
A thorough analysis on market effect factors, market risks, technological progress, consumer buying behaviour is covered along with value chain analysis, upstream and downstream market development trends and price and cost trends for product and raw materials.
Covid-19 Impact Analysis
Most of the SMEs as well as the Large sized enterprises across different verticals adopted work from home model since the pandemic and are still following the same model in order to protect the employee's well-being and also maintain the operational efficiency, thus surging the global demand for SaaS based solutions. As per the recent stats; due to the huge demand for collaboration solutions the users for Microsoft Team platform grew to 44 million users globally.
Along with the Microsoft Teams, other SaaS-based collaboration tools like Zoom, Cisco Webex, Google Hangouts, Slack, WeChat Work and similar are also gaining traction during the pandemic.
During the current times of COVID-19 pandemic, the work natures that have the ability to work remotely in technology-driven companies is expected to be benefitted by these cloud-based technologies for a longer period of time. This is also expected to favorably impact the global cloud computing market growth.
North America dominated the global Cloud Computing by about 48% in 2019
At regional level, market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America was the largest regional market in 2019 with revenue share of about 48.3%. The presence of various key vendors like IBM Corporation, Amazon.com Inc., Oracle Corporation, Microsoft Corporation and similar companies having a higher inclination in adopting new technologies is expected to aid this region to strengthen its market share further.
Asia Pacific region is estimated to grow at the fastest CAGR of 18.5% in the near future. The continuous growth of developing countries like India and China along with the growth of market giants like Alibaba Group is expected to boost the overall growth of this region in the recent years.
The availability of expert workers along with the strong focus provided by different large enterprises couple with the small & medium sized ones to enter and grow in the developing countries; are some of the factors that are driving the adoption of cloud computing solutions in this region.
Key Market Players:
Upland Software (US)
Box, Inc. (US)
Alibaba Cloud (China)
Tencent Cloud (China)
Zoho Corporation Pvt. Ltd. (India)
The report is prepared by thorough primary and secondary research. Secondary data sources include company websites, magazines, press releases, SEC filings, various paid databases and others. Primary research involves interviews with key industry experts, KOLs, major vendors from both supply and demand side.
Based on Service
SaaS Service segment accounted for largest share of more than 55% of global Cloud Computing market in 2019
Based on Service, the market is segmented into Software as a service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). In 2019, the Software as a service (SaaS) held largest revenue share of about 55% of overall Cloud Computing market. Major factors attributing to the large market share of SaaS products include its easy maintenance, flexible costs and the deployment.
The PaaS and IaaS type service segments have observed a steady demand across the recent years due to the adoption of these services by many industry verticals across globally.
Based on Deployment
Hybrid deployment acquired the maximum share of global Cloud Computing market in 2019
Based on Deployment, the market is segmented Public, Private and Hybrid. Amongst these, the Hybrid cloud segment was the largest Deployment segment in 2019. Constant migration of different applications over the cloud, growing user and the resource mobility along with the emergence of more sophisticated threats are the factors that are leading organizations for adopting the hybrid cloud. Various industries like government, BFSI and healthcare, which prioritize their customer experience, security and compliance are opting for the hybrid mode of deployment.
By Organization Size
Large Enterprises segment contributed for the maximum share in the Cloud Computing market in 2019
By Organization Size, market is categorized into Small and Medium Enterprises (SMEs) and Large Enterprises. The Large Enterprises segment contributed for the maximum share in the Cloud Computing market in 2019, whereas the SMEs segment is estimated to grow with the fastest CAGR of about 18.3% during the forecast period of 2020 to 2027.
Due to the flexibility and easiness the cloud computing services offer, they are rapidly being adopted by various SMEs and this demand is estimated to grow more during the upcoming years. Apart from these benefits, other benefits like customized options according to the business requirements, reduced operational costs, payment model like pay-as-you-go, its flexibility and the seamless scalability are facilitating the adoption of these cloud-based services among the SMEs
Based on the Verticals
IT & Telecom acquired maximum share of about 21% of the global Cloud Computing market in 2019
Based on the Verticals, the market is segmented into BFSI, Government and Public Sector, IT & Telecom, Energy & Utilities, Retail and Consumer Goods, Manufacturing, Media & Entertainment, Healthcare & Life Sciences and Others (Transportation & Logistics, Travel & Hospitality and Education). Amongst these, the IT & Telecom dominated the global market in 2019.
IT & Telecom acquired maximum share of about 21% in 2019 followed by the BFSI segment which acquired about 17% of the global cloud computing market in 2019. Healthcare segment is projected to grow with the fastest CAGR of 18.6% during the upcoming years.
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Key Highlights of UK Cloud Computing Market Report:
Granular analysis of market size estimates in terms of value (revenue), volume and growth rate at country and region level for each segment and sub-segment
Current industry trends and developments shaping the market
Competitive market share analysis for major market players, pricing and cost analysis along with product benchmarking
Qualitative analysis of growth driving factors, opportunities, restraints, market challenges and risks or threats
Market attractiveness analysis for each major segment
To analyse the revenue pockets in the market for stakeholders or major vendors by categorizing the specific high growth segments
UK Cloud Computing market report is segmented as:
Software as a service (SaaS)
- Customer Relationship Management (CRM)
- Human Capital Management (HCM)
- Enterprise Resource Management (ERM)
- Supply Chain Management (SCM)
- Collaboration and Productive Suites
- Content Management
Platform as a Service (PaaS)
- Deployment Testing and Quality
- Deployment Development and Platforms
- Integration and Orchestration
- Analytics and Reporting
- Data Management
Infrastructure as a Service (IaaS)
- Primary Storage
- Disaster Recovery and Backup
By Organization Size
Government and Public Sector
IT & Telecom
Energy & Utilities
Retail and Consumer Goods
Media & Entertainment
Healthcare & Life Sciences
The regional scope covers value (revenue) data for below mentioned countries and regions:
North America (U.S., Canada, Rest of North America)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia, Rest of Asia Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
Key Advantages to purchase UK Cloud Computing Market Report:
To gain complete analysis on market potential, growth and trends data
To analyse current competitive trends in the market and strategies used by key players to strengthen their businesses & leading market position
Evaluate major market challenges and risks and implement solutions or strategies to mitigate the market risks
To gain clear understanding of global market scope, potential, growth influencing drivers, restraints and opportunities
To perceive future market outlook and growth prospects for strategic business decisions like geographic or product portfolio expansion
Besides syndicate reports, we also offer customized research solutions and consulting services for specific business needs
Years considered in the report are:
Historic Years: 2016-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2027
Table of Contents
1.1. Market Introduction
2. Research Methodology
2.1. Research Methodology
2.2. Research Models
2.3. Data Sources
3. Executive Summary and Snapshot
4. UK Cloud Computing Market Price and Cost Trend Analysis
4.1. Price Trend Analysis
5. Market Growth Attractiveness Analysis
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