Global Public Cloud Market
The Global Public Cloud Market size is expected to reach USD
649.62 Billion by 2028, from USD 242.73 Billion in 2021, at a CAGR of 15.10%
during the forecast period. (2022 - 2028).
A public cloud is one in which the
provider owns and manages the physical infrastructure. They can offer a
dedicated or shared operating environment, as well as the capacity to scale up
and down on demand and the assurance of responsibility. These services include
limitless capacity, potentially appealing prices resulting from large-scale
infrastructures and related operating methods, and a pay-as-you-go pricing
approach, making upfront server purchases unnecessary.
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Top Player's Company Profiles
- AWS (US)
- Microsoft (US)
- Alibaba Cloud (China)
- IBM (US)
- Salesforce (US)
- Google (US)
- Oracle (US)
- SAP (Germany)
- Mendix (US)
- Zoho Corporation (India)
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Global Public Cloud Market Segmental
Analysis
The global
public cloud market is segmented based on End-User, and Region. Based on
End-User it is categorized into: Cloud Business Process Services (BPaaS), Cloud
Application Infrastructure Services (PaaS), Cloud Application Services (SaaS),
Cloud Management and Security Services, Cloud System Infrastructure Services
(IaaS), Desktop as a Service (DaaS). Based on region it is categorized into:
North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by End-User
Based on
End-User, the popularity of SaaS can be attributed to its cost flexibility,
ease of maintenance, and deployment. According to industry estimates, the
number of companies moving to the cloud is increasing, with 73% of businesses
moving the majority of their applications to the SaaS platform. Demand for SaaS
services that enable collaborative teams to access previously centralized data
and analytics has increased as a result of remote working.
In the
coming years, SaaS products are expected to grow rapidly because their Total
Cost of Ownership (TCO) will be significant compared to on-premise deployment
models. Throughout the forecast period, the growing number of businesses
offering cloud-based services and rising preferences for SaaS delivery models
are expected to accelerate SaaS segment growth. SaaS is a pay-as-you-go model
that gives businesses more flexibility and options, as well as web-based
subscriptions that allow them to access the program from anywhere. The
software-as-a-service (SaaS) delivery model focuses on delivering software
solutions that can reach a large number of people.
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation
Management & Commercialization organization that connects innovation to new
markets, networks & collaborators for achieving Sustainable Development
Goals.
Contact Us-
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USA (+1) 617-230-0741
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