Cloud Computing Market Size to Grow by $ 287.03 bn through 2021-2025

The cloud computing market is expected to grow by $ 287.03 bn, decelerating at a CAGR of almost 17% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Cloud Computing Market: Segmentation by Service

This report provides a detailed analysis of the market by Service (SaaS, IaaS, and PaaS) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Cloud Computing Market Size to Grow by Over $ 287 Billion | Forecast and Trend Analysis along with COVID-19 Impact Analysis for Q1 2021

Cloud Computing Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The cloud computing market has the potential to grow by USD 287.03 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 17.21%.

This cloud computing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by service (SaaS, IaaS, and PaaS) and geography (North America, Europe, APAC, South America, and MEA). The cloud computing market report also offers information on several market vendors, including Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE among others.

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Cloud Computing Market: Emerging Trends to Impact Market Growth

The rise in edge computing and the shift toward serverless computing is one of the critical cloud computing market trends. Large-scale enterprises are significantly adopting edge computing to improve server response time and reduce latency. The growth in the velocity of data generation in end-user industries has created a demand for more technologically advanced edge platforms. Vendors are focusing on developing and introducing edge computing platforms that will help clients in improving their data management capabilities at the edge of the network.

Cloud Computing Market Size to Grow by Over $ 287 Billion | Forecast and Trend Analysis along with COVID-19 Impact Analysis for Q1 2021

Cloud Computing Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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