Cloud Computing Market (Analyst) (5)-converted
                     Market Highlights 
The cloud computing market is anticipated to grow by US$340.5 billion by 2024 rapidly growing at 
a CAGR of 19.4% during the forecast period. The global cloud computing market is driven by 
benefits such as cost-affordability, disaster recovery, faster deployment, and scalability. These 
factors have helped shape the cloud computing market and are expected to boost the growth. 
Companies in the cloud computing market could also face challenges such as lack of skilled 
manpower, lack of awareness about technology, underdeveloped technical infrastructure in some 
countries. The details covered in the cloud computing market report cover all the aspects of the 
industry. Cloud computing market analysts have also shared growth projections in the report and 
have suggested cloud computing market players to plan growth strategies accordingly. 
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Segmentation: 
The global cloud computing market has been segmented based on service model, deployment, 
organization size, and vertical. On the basis of organization size, the market for cloud computing is 
segmented based on small & medium enterprises and large enterprises. Additionally, the market on 
the basis of vertical, is segmented into BFSI, retail and consumer goods, IT & telecommunication, 
healthcare & life sciences, manufacturing, energy & utility, media & entertainment, government & 
public sector, and others. The global market for cloud computing is also covered based on the 
deployment segment which is further split into public, hybrid, and private. Also, on the basis of 
service model, the market is segmented into SaaS, IaaS, and PasS. 
Factors like adoption of cloud computing technology and increasing BYOD trend support the cloud 
computing market growth. The performance of the cloud computing market has also been studied 
for the past and current years. Additionally, the cloud computing market report provides analysis of 
these segments. The cloud computing market segmental analysis provided in the report offers 
major details about the cloud computing market performance and future. 
Regional Overview 
Companies in the cloud computing market are spread across the world. The cloud computing 
market report provides major information about regional markets of North America, Europe, Asia-
Pacific (APAC), and the rest of the world. The North American cloud computing market has many 
companies across the United States, Canada, and Mexico. Europe has companies in the cloud 
computing market across Germany, France, Spain, Italy, and the United Kingdom. A detailed 
analysis of the cloud computing market across India, China, and Japan in the Asia-Pacific region is 
also presented in the report. The cloud computing market of the Middle East, Africa, and other 
regions has also been studied by analysts. The regional analysis of the cloud computing market can 
be found in the market research report. 
Competitive Landscape 
The cloud computing market is supported by growing awareness about benefits that cloud 
computing offers. The population growth around the world and increasing demand of cloud 
computing market based services and products also support the market growth. However, the 
cloud computing market growth can be affected due to lack of a strong information technology 
infrastructure in some countries. The report covers all such details which will help companies in 
the cloud computing market to strengthen their business plan and improve their product portfolio. 
The cloud computing market research report also provides company profiles of major companies. 
The company profile of organizations operating in the cloud computing market discusses strategies, 
growth plans, size, revenue, and mergers and acquisition details of top companies in the cloud 
computing market. New entrants and established players can plan their strategies based on this 
data provided in the cloud computing market research report. 
Industry News 
The purchase of Wirehive, a cloud storage and consulting firm based in the UK, has been acquired 
by Pax8, the popular spot for IT professionals to purchase cloud products. The acquisition of 
Wirehive offers Pax8 a broader variety of emerging innovations and higher geographical reach. 
Wirehive brings tremendous value to Pax8, allowing its tech portfolio to be diversified. 
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market-1013 
 
Global Cloud Computing Market Research Report: By Service Model (SaaS, PaaSIaaS), By 
Deployment (Public, Private and Hybrid), By Organization Size (Large Enterprises, Small & 
Medium Enterprises), By Vertical (BFSI, IT & Telecommunication, Retail and Consumer 
Goods, Manufacturing, Healthcare & Life Sciences, Government & Public Sector, Media & 
Entertainment, Energy & Utility and others) By Region - Forecast till 2024 
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