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Public Cloud Market Size, Share, Growth & Forecast 2031
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Public Cloud Market Size, Share, Growth & Forecast 2031

Segments - Public Cloud Market by Public Cloud Services (Infrastructure as a Service, Platform as a Service, and Software as a Service), Public Cloud Enterprises (Large Enterprises and Small & Medium Enterprises), Public Cloud End-users, (BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Healthcare, Media & Entertainment, Government & Public Sector, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3546 | 4.3 Rating | 74 Reviews | 189 Pages | Format : PDF Excel PPT

Report Description


The global public cloud market size was valued USD 211.5 billion in 2020 and is projected to reach USD 596 billion by 2028, expanding at a CAGR Of 14.6% during the forecast period, 2021–2028. The growth of the market is attributed to the advancement in commercial solutions and rising requirement to display the virtual business ability.

Public Cloud Market Key Takeaways

Public cloud covers various number of purposes, such as basic storage and networking power through fake intelligence and natural language processing as well as standard office applications. Rapid digitization has encouraged firms to change the working model and functional computing.

The COVID-19 pandemic has concerned some nations and negatively impacted economies dramatically. Moreover, the pandemic had a substantial impact on the ICT sector, distorted the electronics industry.

  • Increasing adoption of Internet of Things (IoT), edge computing, 5G, real-time analytics enabled by machine learning (MI), artificial intelligence (AI) are likely to boost the market growth.
  • Rising perforation of mobile devices, Internet, and exhaustion of big data are the primary drivers that encourage the market growth.
  • Rapid growth of the cloud computing is expected to fuel the growth of the market.
  • The concerns regarding cyberattacks and condemning data loss can restraint the market growth.
  • Increasing number of small and medium-sized business to create new income opportunities for cloud vendors can create lucrative opportunities for the market.

Scope of the Report

The report on the global public cloud market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Public Cloud Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Public Cloud Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Public Cloud Enterprises (Large Enterprises and Small & Medium Enterprises), Public Cloud End-users (BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Energy & Utilities, Healthcare, Media & Entertainment, Government & Public Sector, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alibaba Group Holding Limited; Amazon.com Inc.; Adobe Inc.; Google LLC; IBM Corporation; Microsoft Corporation; Oracle Corporation; Salesforce.com Inc.; SAP SE; and Workday, Inc.

Public Cloud Market Segment Insights

Software as a Service (SaaS) segment is expected to grow at a rapid pace

Based on public cloud services, the market is divided into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The PaaS segment is expected to grow at a rapid pace during the forecast period. Rising number of enterprises shifting their applications to the platform is estimated to drive the market segment. However, the SaaS segment is anticipated to hold a key share of the market in the coming years, as it reduces cost of ownership for companies.

Public Cloud Market By Services

Large enterprises is projected to expand at a considerable CAGR

On the basis of public cloud enterprises, the global public cloud market is segregated into large enterprises and small & medium enterprises. The large enterprises segment is projected to expand at a considerable CAGR during the forecast period. Major of the large companies are opting public cloud services to increase flexibility and improve collaboration. The small & medium enterprises segment is anticipated to account for a major market share during the forecast period.

BFSI segment is projected to expand at a considerable CAGR

In terms of public cloud end-users, the market is segregated in BFSI, IT & telecom, retail & consumer goods, manufacturing, energy & utilities, healthcare, media & entertainment, government & public sector, and others. The BFSI segment is projected to expand at a considerable CAGR during the forecast period. The public cloud service provides elements such as interactivity, 24×7, and secure storage, which has helped the BFSI sector to focus more on customer-centric business models & digitalization of trade and wealth. On the other hand, the healthcare segment is anticipated to account for a major market share during the forecast period due to rising trend of telemedicine and e-health facilities.

Public Cloud Market By End Users

North America is anticipated to constitute a key market share

Based on regions, the public cloud market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period. Association and planned mergers in countries such as the India and China is driving the regional market. However, the market in North America is anticipated to expand at a rapid pace during the forecast period due to presence of major technology players in the US and Canada.

Segments

Segments Covered in the Report
The global public cloud market has been segmented on the basis of

Public Cloud Services
  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)
Public Cloud Enterprises
  • Large Enterprise
  • Small & Medium Enterprise
Public Cloud End-users
  • BFSI
  • IT & Telecom
  • Retail & Consumer Goods
  • Manufacturing
  • Energy & Utilities
  • Healthcare
  • Media & Entertainment
  • Government & Public Sector
Regions
  • Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alibaba Group Holding Limited
  • Amazon.com Inc.
  • Adobe Inc.
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce.com Inc.
  • SAP SE
  • Workday, Inc.

Competitive Landscape

Key players competing in the Global Public Cloud market are Alibaba Group Holding Limited; Amazon.com Inc.; Adobe Inc.; Google LLC; IBM Corporation; Microsoft Corporation; Oracle Corporation; Salesforce.com Inc.; SAP SE; and Workday, Inc.
Public Cloud Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Public Cloud Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Public Cloud Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Public Cloud Market - Supply Chain
  4.5. Global Public Cloud Market Forecast
     4.5.1. Public Cloud Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Public Cloud Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Public Cloud Market Absolute $ Opportunity
5. Global Public Cloud Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Public Cloud Market Size and Volume Forecast by End Users
     5.3.1. BFSI IT & Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare  
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Public Cloud Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Public Cloud Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Public Cloud Demand Share Forecast, 2019-2026
7. North America Public Cloud Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Public Cloud Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Public Cloud Market Size and Volume Forecast by End Users
     7.4.1. BFSI IT & Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare  
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Public Cloud Demand Share Forecast, 2019-2026
8. Latin America Public Cloud Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Public Cloud Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Public Cloud Market Size and Volume Forecast by End Users
     8.4.1. BFSI IT & Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare  
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Public Cloud Demand Share Forecast, 2019-2026
9. Europe Public Cloud Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Public Cloud Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Public Cloud Market Size and Volume Forecast by End Users
     9.4.1. BFSI IT & Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare  
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Public Cloud Demand Share Forecast, 2019-2026
10. Asia Pacific Public Cloud Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Public Cloud Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Public Cloud Market Size and Volume Forecast by End Users
     10.4.1. BFSI IT & Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare  
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Public Cloud Demand Share Forecast, 2019-2026
11. Middle East & Africa Public Cloud Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Public Cloud Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Public Cloud Market Size and Volume Forecast by End Users
     11.4.1. BFSI IT & Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare  
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Public Cloud Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Public Cloud Market: Market Share Analysis
  12.2. Public Cloud Distributors and Customers
  12.3. Public Cloud Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Alibaba Group Holding Limited Amazon.com Inc. Adobe Inc. Google LLC IBM Corporation Microsoft Corporation  

Methodology

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