Uploaded on May 20, 2021
Cloud computing is witnessing significant demand across different industries as it eliminates the requirement for users to plan for provisioning, and further allows enterprises to initiate with small integration and increase resources as per the rise in service demand. Increased return on investment on account of economic efficiency achieved by cloud computing with the advancement in AI and IoT is primarily driving the industry size. Hence, global Cloud Computing will grow at a CAGR of 18% with market size of around USD 1,187 billion by 2028.
Cloud Computing Market by Major Players, Supply, Demand, Market Dynamic Forces & Forecast 2025
Adroit Market Research
Cloud Computing Market
By Deployment (Private, Public), Product Mode (SaaS, IaaS,
PaaS), Vertical (BFSI, Telecom and IT, Retail & Consumer
Goods, Healthcare, Manufacturing, Government and Utilities,
Others), Enterprise Size (SME’s, Large Enterprises), And by
Region (North America, Europe, Asia Pacific, Middle East &
Africa And South America), Global Forecast 2018 to 2028
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Adroit Market Research
The Increasing Demand For API Led Connectivity Is Driving The Cloud
Computing Market
• Cloud computing is witnessing significant demand across different industries as it eliminates the
requirement for users to plan for provisioning, and further allows enterprises to initiate with small
integration and increase resources as per the rise in service demand. Increased return on
investment on account of economic efficiency achieved by cloud computing with the advancement
in AI and IoT is primarily driving the industry size. Hence, global Cloud Computing will grow at a
CAGR of 18% with market size of around USD 1,187 billion by 2028.
• Cloud computing introduced a new paradigm for delivering and hosting IT services over the
Internet. It is a radically different technology, which utilizes a combination of automation and
abstraction to achieve a new level of efficiency. It possesses the capability to separate resources
from the underneath infrastructure and utilizes orchestration technologies to manage the
configuration and provision of resources. Also, it is shifting the focus of the numerous industries to
boost output to suffice demand along with organizations turning toward smart technologies
helping to attain productivity and efficiency will proliferate the industry size in the coming years.
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Adroit Market Research
The Increasing Demand For API Led Connectivity Is Driving The Cloud
Computing Market
• Increased return on investment on account of economic efficiency achieved by cloud computing
with the advancement in AI and IoT is primarily driving the industry size. Although, security issues
at different layers of cloud computing services are hampering technology adoption. However, the
emergence of hybrid computing is set to offer lucrative opportunities for the enterprises, which is
set to stimulate the business landscape over the forecasted timeframe.
• The Cloud Computing market is subdivided into North America, Europe, APAC, Middle East & Africa,
and Latin America. North America is has dominated the market the cloud computing software
industry, owing to the adoption of the technology by large enterprises and SMEs in this region.
Besides, the Asia-Pacific region is anticipated to experience significant growth in the forthcoming
years, owing to rising consciousness across different enterprises to leverage benefits from the
technology. The growth is further reinforced by the ongoing establishment of different industries
about a surge in population index, offering a large market coupled with a positive economic outlook
in the region.
• The major players of Cloud Computing are Microsoft, Amazon Web Services, IBM Corporations,
Oracle, Salesforce, Cisco, and various other players in the market. Most of the players are spread
across various regions focusing on inorganic and organic strategies.
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Adroit Market Research
Segment Overview of Cloud Computing Market
Deployment Overview, 2018-2028 (USD Billion)
• Private
• Public
Product Mode Overview, 2018-2028 (USD Billion)
• SaaS
• Iaas
• PaaS
Application Overview, 2018-2028 (USD Billion)
• BFSI
• IT & Telecom
• Retail and e-commerce
• Healthcare
• Manufacturing
• Government and Utilities
• Others
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Adroit Market Research
Segment Overview of Cloud Computing Market
Organization Size Overview, 2018-2028 (USD Billion)
• SMEs
• Large Enterprises
Regional Overview, 2015-2025 (USD Million)
• North America
• Europe
• Asia Pacific
• Central and South America
• Middle East & Africa
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Adroit Market Research
About Us
Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
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size, key trends, participants and future outlook of an industry. We intend to become our
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our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
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