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Cloud-based computing Market Share, Revenue, Demand, Top Leaders, Industry Trends, Size, Growth Analysis forecast by 2026

Market Analysis: Global Cloud-based computing Market
Cloud-based computing market is expected to rise to an estimated value of USD 1031.36 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. Rising adoption of hybrid cloud service and increasing number of small and medium sized enterprises are the factors for the growth of this market.
Market Definition: Global Cloud-based computing Market
Cloud computing is the delivery of any services such as networking, software, storage and others over the internet. This can either be private or public in which public cloud sell services to the people on the internet and private cloud is usually used by organization in which services are provided to the limited number of the people. They are divided into three service models- platform as a service, software as a service and infrastructure as a service. These cloud computing are very beneficial as they are cost effective, improves performance, enhance productivity and has the ability to scale elastically. They are widely used in industries such as banking, manufacturing, media, healthcare, energy utilities and others.
Market Drivers:
Rising automation and agility is driving the market growth
Increasing demand to deliver enhanced customer experience will also accelerate the growth of this market
Growing demand from end users as it offers consumption-based billing which will also propel the market growth
Increased cost saving and good return on investment is also contributing as a factor for the growth of this market

Market Restraints:
Lack of skilled and trained professional will restrain the market growth
Increasing concern associated with the data privacy and access will also restrain the growth of the market

Segmentation: Global Cloud-based computing Market
By Service Model
Infrastructure as a Service
Platform as a Service
Software as a Service

By Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size
Small and Medium-Sized Enterprises
Large Enterprises

By Vertical
Banking, Financial Services and Insurance
IT and Telecommunications
Government and Public Sector
Retail and Consumer Goods
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences

By Workload
Storage, Backup, and Disaster Recovery
Application Development and Testing
Database Management
Business Analytics
Integration and Orchestration
Customer Relationship Management
Enterprise Resource Management
Collaboration and Content Management

By Geography
North America

Rest of Europe

South Korea
Rest of Asia-Pacific

South America
Rest of South America

Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Key Developments in the Market:
In April 2019, Google announced the launch of their new open from Google Cloud Anthos which will help the users to access any applications from anywhere. This will help the user manage and track their workloads in their data center on the Google cloud without making any changes. It is completely a software-based solutions and one can install it on existing hardware
In August 2018, One97 Communications Limited announced the launch of their new artificial cloud computing platform Paytm AI Cloud for India which is specially designed for the online payment portal. The company has partnered with the Alibaba for Cloud Computing Infrastructure and with DingTalk they will be offering messaging solutions. This is very beneficial for the companies who require high- quality solutions and instant solutions for better workflow

Competitive Analysis
Global cloud-based computing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cloud-based computing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global cloud-based computing market are IBM Corporation. Microsoft, Google, Amazon Web Services, Inc., Oracle, Alibaba Cloud, VMware, Inc., Intel Corporation, RACKSPACE US, INC., Adobe, Verizon, CenturyLink., FUJITSU, NTT Communications Corporation, Kamatera, Inc., DigitalOcean, LLC., MassiveGRID, Liquid Web, LLC, Salesforce.com, inc., Charter Communications, Pivotal Software, Inc., CloudSigma Holding AG and others.
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market

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