The global cloud computing services market was valued at USD 270.2 billion in 2018 and is expected to reach USD 750.1 billion in 2026, growing at a CAGR of 14.3% during the forecast period.
Cloud computing services are defined as a real-time provision of computer system resources services, which include data storage and computing power. These services are provided without direct interference by the consumer. Basically cloud computing service is the offering of data centers by using the internet. Nowadays, users prefer large cloud databases which are often distributed over multiple locations for multiple purposes. These are connected by a central server. These services are aimed at different sizes of end-users which involves small and medium-sized organizations to large scale public sectors.
Cloud Computing Services Market Segmentation |
||
| By Service Type | 1. Infrastructure as a Service (IaaS) | |
| 2. Platform as a Service (PaaS) | ||
| 3. Software as a Service (SaaS) | ||
| 4. Others | ||
| By End-use Industry | 1. Banking, Financial Services and Insurance | |
| 2. IT and Telecommunications | ||
| 3. Healthcare | ||
| 4. Government and Public Sector | ||
| 5. Retail and Consumer Goods | ||
| 6. Others | ||
| By Region | 1. North America (US and Canada) | |
| 2. Europe (UK, Germany, France and Rest of Europe) | ||
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | ||
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | ||
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | ||
Adoption of industrial automation and a growing emphasis on improving the agility of operations are some of the factors driving the market growth of cloud computing services. Rising business competition is creating a need for enhanced consumer experience. This need can be easily fulfilled by implementing cloud computing. Moreover, several benefits offered by cloud computing services which include cost reduction, value-added manageability, and fewer maintenance works, among others, are anticipated to further propel the industry growth in the forecast period. However, high risk of cyber-attacks data theft is some of the factors which are creating a major hindrance to its market growth. On the other hand, the rising adoption of cloud computing services in small and medium scale industries is anticipated to offer multiple growth opportunities during the forecast period.
The software as a service (SaaS) segment expected to grow at the fastest rate of 20% CAGR during the forecast period
Based on the service type, the global cloud computing services market has been segmented into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). The software as a service (SaaS) segment expected to grow at the fastest rate of 20% CAGR during the forecast period owing to growing demand for software distribution is one of the factors accounting for the growth of SaaS. Affordability and benefit of on-demand software service make SaaS as a lucrative segment for SMEs as well as large scale industries.
Based on the end use industry, the retail and consumer goods segment is expected to hold nearly 19% market share in 2018
Based on the end use industry, the market has been segmented into banking, financial services and insurance, IT and telecommunications, healthcare, government and public sector, retail and consumer goods, and others. Rapidly growing retail industry spearheaded global cloud computing services industry in 2018 by accounting more that 19% market share. IT and telecommunications sector is anticipated to grow at highest CAGR owing to availability of 5G services in key regional markets.
North America to dominate the cloud computing services market throughout the forecast period
North America accounted for nearly 45% share of the global cloud computing services market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and the Asia Pacific. The highest adoption rate of cloud services which is coupled with stable economy are some of key factors driving the cloud computing services industry in this region. On the other hand, the growth of the banking sector in developing economies such as India and China, is anticipated to result in the fastest growth rate for the Asia Pacific region.
The major players operating in the global cloud computing services market are AWS (US), Microsoft (US), Google (US), Alibaba (China), SAP (Germany), IBM (US), Oracle (US), VMware (US), Rackspace (US), Salesforce (US), Adobe (US), Verizon (US), CenturyLink (US), Fujitsu (Japan), and NTT Communications (Japan) among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Cloud Computing Services Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Cloud Computing Services Market
1.3. Market Dynamics
1.4. Global Cloud Computing Services Market, by Segment, 2018
1.4.1. Global Cloud Computing Services Market, by Service Type, 2018, (USD Million)
1.4.2. Global Cloud Computing Services Market, by End-use Industry, 2018, (USD Million)
1.4.3. Global Cloud Computing Services Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Cloud Computing Services Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Cloud Computing Services Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Rising demand of cloud computing services in banking industry
2.2.2. Increase in demand for cost reduction and on-demand cloud computing services
2.3. Market Restraints
2.3.1. Growing concerns regarding data theft
2.3.2. Lack of skilled professionals
2.4. Market Opportunities
2.4.1. Growing investments in developing countries
2.4.2. Adoption of cloud services in SMEs
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Cloud Computing Services Market, by Service Type
3.1. Market Overview, by Service Type
3.1.1. Global Cloud Computing Services Market, by Service Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Service Type, 2018
3.2. Infrastructure as a Service (IaaS)
3.2.1. Global Cloud Computing Services Market, by Infrastructure as a Service (IaaS), 2016-2026, (USD Million)
3.3. Platform as a Service (PaaS)
3.3.1. Global Cloud Computing Services Market, by Platform as a Service (PaaS), 2016-2026, (USD Million)
3.4. Software as a Service (SaaS)
3.4.1. Global Cloud Computing Services Market, by Software as a Service (SaaS), 2016-2026, (USD Million)
3.5. Others
3.5.1. Global Cloud Computing Services Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Cloud Computing Services Market, by End-use Industry
4.1. Market Overview, by End-use Industry
4.1.1. Global Cloud Computing Services Market, by End-use Industry, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by End-use Industry, 2018
4.2. Banking, Financial Services and Insurance
4.2.1. Global Cloud Computing Services Market, by Banking, Financial Services and Insurance, 2016-2026, (USD Million)
4.3. IT and Telecommunications
4.3.1. Global Cloud Computing Services Market, by IT and Telecommunications, 2016-2026, (USD Million)
4.4. Healthcare
4.4.1. Global Cloud Computing Services Market, by Healthcare, 2016-2026, (USD Million)
4.5. Government and Public Sector
4.5.1. Global Cloud Computing Services Market, by Government and Public Sector, 2016-2026, (USD Million)
4.6. Retail and Consumer Goods
4.6.1. Global Cloud Computing Services Market, by Retail and Consumer Goods, 2016-2026, (USD Million)
4.7. Others
4.7.1. Global Cloud Computing Services Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Cloud Computing Services Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Cloud Computing Services Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Cloud Computing Services Market
5.3.1. North America Cloud Computing Services Market, by Service Type, 2016-2026 (USD Million)
5.3.2. North America Cloud Computing Services Market, by End-use Industry, 2016-2026 (USD Million)
5.3.3. United States Cloud Computing Services Market, 2016-2026 (USD Million)
5.3.4. Canada Cloud Computing Services Market, 2016-2026 (USD Million)
5.4. Europe Cloud Computing Services Market
5.4.1. Europe Cloud Computing Services Market, by Service Type, 2016-2026 (USD Million)
5.4.2. Europe Cloud Computing Services Market, by End-use Industry, 2016-2026 (USD Million)
5.4.3. United Kingdom Cloud Computing Services Market, 2016-2026 (USD Million)
5.4.4. Germany Cloud Computing Services Market, 2016-2026 (USD Million)
5.4.5. France Cloud Computing Services Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Cloud Computing Services Market, 2016-2026 (USD Million)
5.5. Asia Pacific Cloud Computing Services Market
5.5.1. Asia Pacific Cloud Computing Services Market, by Service Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Cloud Computing Services Market, by End-use Industry, 2016-2026 (USD Million)
5.5.3. China Cloud Computing Services Market, 2016-2026 (USD Million)
5.5.4. Japan Cloud Computing Services Market, 2016-2026 (USD Million)
5.5.5. India Cloud Computing Services Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Cloud Computing Services Market, 2016-2026 (USD Million)
5.6. Latin America Cloud Computing Services Market
5.6.1. Latin America Cloud Computing Services Market, by Service Type, 2016-2026 (USD Million)
5.6.2. Latin America Cloud Computing Services Market, by End-use Industry, 2016-2026 (USD Million)
5.6.3. Brazil Cloud Computing Services Market, 2016-2026 (USD Million)
5.6.4. Mexico Cloud Computing Services Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Cloud Computing Services Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Cloud Computing Services Market
5.7.1. Middle East & Africa Cloud Computing Services Market, by Service Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Cloud Computing Services Market, by End-use Industry, 2016-2026 (USD Million)
5.7.3. GCC Cloud Computing Services Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Cloud Computing Services Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Service Type
6.3.2. By End-use Industry
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Service Type Developments
Chapter 7 Company Profiles
7.1. AWS
7.1.1. AWS Overview
7.1.2. AWS Service Types Portfolio
7.1.3. AWS Financial Overview
7.1.4. AWS News/Recent Developments
7.2. IBM
7.2.1. IBM Overview
7.2.2. IBM Service Types Portfolio
7.2.3. IBM Financial Overview
7.2.4. IBM News/Recent Developments
7.3. Microsoft
7.3.1. Microsoft Overview
7.3.2. Microsoft Service Types Portfolio
7.3.3. Microsoft Financial Overview
7.3.4. Microsoft News/Recent Developments
7.4. Google
7.4.1. Google Overview
7.4.2. Google Service Types Portfolio
7.4.3. Google Financial Overview
7.4.4. Google News/Recent Developments
7.5. Oracle
7.5.1. Oracle Overview
7.5.2. Oracle Service Types Portfolio
7.5.3. Oracle Financial Overview
7.5.4. Oracle News/Recent Developments
7.6. Alibaba
7.6.1. Alibaba Overview
7.6.2. Alibaba Service Types Portfolio
7.6.3. Alibaba Financial Overview
7.6.4. Alibaba News/Recent Developments
7.7. SPA
7.7.1. SPA Overview
7.7.2. SPA Service Types Portfolio
7.7.3. SPA Financial Overview
7.7.4. SPA News/Recent Developments
7.8. VMware
7.8.1. VMware Overview
7.8.2. VMware Service Types Portfolio
7.8.3. VMware Financial Overview
7.8.4. VMware News/Recent Developments
7.9. RACKSPACE
7.9.1. RACKSPACE Overview
7.9.2. RACKSPACE Service Types Portfolio
7.9.3. RACKSPACE Financial Overview
7.9.4. RACKSPACE News/Recent Developments
7.10. Salesforce
7.10.1. Salesforce Overview
7.10.2. Salesforce Service Types Portfolio
7.10.3. Salesforce Financial Overview
7.10.4. Salesforce News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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