Global Growth of Cloud Computing Market 2020
                     Global Growth of Cloud Computing Market 2020
INTRODUCTION
• Immobilize effect of global COVID-19 pandemic has delayed 
growth potential of cloud computing market. 
• The MRFR report on cloud computing market indicates critical 
pointers that may emerge as growth hubs in future.
Source: openPR.com
Market Research Future (MRFR)
• The report forecast robust prospects for the cloud computing 
market 2020.
• As per the report the cloud computing market is set to advance 
at a rate of 19.4% between 2018 and 2024.
Source: openPR.com
Companies active in Global Cloud Computing 
Industry 
• Few companies listed below
– Adobe Systems Inc
– Dell EMC Corp.
– SAS Institute Inc
– Oracle Corporation
– Alibaba Group Holding Ltd.
– Alphabet Inc
– SAP SE
– Microsoft Corporation
– IBM Corporation
– Amazon.com Inc.
– Cisco Systems Inc.
Source: YouTube
DEMAND FOR STREAMING PLATFORMS
• There is a significant increase in the demand for streaming 
platforms such as Netflix, Amazon, Disney+, YouTube, and 
Apple TV.
• This is because most of the population is staying at home due 
to country lockdowns.
Source: Allied Market Research
LAAS (Logging as a service)
• This stream in Video-on-Demand (VoD) has increased the 
demand for IaaS to tackle consumer demands.
• Companies across the globe are expanding offerings to 
addresses the emerging needs of end-users. 
Source: Groundalert.com
GOOGLE LAUNCH CLOUD REGION
• In June 2020, Google announced a partnership with Telefónica. 
• Under this partnership, Google is planning to launch a cloud 
region in Spain.
• This partnership aimed at economic recovery of the country 
post-COVID-19 by boosting the digitalization.
Source: BloombergQuint
MICROSOFT CLOUD FOR HEALTHCARE
• In May 2020, Microsoft announced Microsoft Cloud for 
healthcare to tackle COVID-19 challenges.
• Microsoft introduced cloud offerings for healthcare 
organizations, improved workflow efficiency, and streamlined 
interactions. 
Source: Industry Global News24
CLOUD COMPUTING MARKET DYNAMIC
• Increased return on investments with lower infrastructure and 
storage costs
– Companies are agitating about the initial implementation 
and maintenance costs of hosting data on-premises. 
Source: openPR.com
CHALLENGES
• Cyber attacks damaging business operations and critical data 
loss
– The increasing volume of data and rising initiatives toward 
digital transformation, the number of cyber-attacks is 
increasing rapidly.
Source: ComputerWorld
OPPORTUNITIES
•  Increase in acquiring of hybrid cloud services
– Enterprises having existing infrastructure are moving 
toward the adoption of cloud computing services.
Source: PrivSec Report