Cloud-Based Computing Market

Market Overview

According to Data Bridge Market Research, the global cloud-based computing market demonstrates substantial growth potential with significant market expansion projected through 2030.

Market Size and Growth

Data Bridge Market Research analyses that:

• Market Value (2022): USD 526.74 Million
• Projected Market Value (2030): USD 1,985.32 Million
• CAGR: 18.04% during the forecast period (2023-2030)

Get More Details : https://www.databridgemarketresearch.com/reports/global-cloud-based-computing-market

Key Market Highlights

Forecast Period Details

• Base Year: 2022
• Forecast Period: 2023 to 2030
• Historic Years: 2021 (Customizable to 2015-2020)

Major Market Players

The key players operating in the cloud-based computing market include:

• Microsoft (U.S.)
• Oracle (U.S.)
• IBM (U.S.)
• Amazon Web Services, Inc. (U.S.)
• Google (U.S.)
• Intel Corporation (U.S.)
• Salesforce, Inc. (U.S.)
• Fujitsu (Japan)
• Akamai Technologies (U.S.)
• Edgio (U.S.)
• AT&T (U.S.)
• Cloudflare, Inc. (U.S.)
• Lumen Technologies (U.S.)
• Deutsche Telekom AG (Germany)
• Fastly Inc. (U.S.)
• Citrix Systems, Inc. (U.S.)
• NTT Communications Corporation (Japan)
• RACKSPACE TECHNOLOGY (U.S.)

Market Segmentation

By Service Model

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

By Deployment Model

• Public Cloud
• Community Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size

• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises

By End User

• Banking, Financial Services and Insurance
• IT and Telecommunications
• Government and Public Sector
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Media and Entertainment
• Healthcare and Life Sciences
• Others

Regional Coverage

The market report covers the following regions:

North America: U.S., Canada, Mexico

Europe: Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe

Asia-Pacific: China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of APAC

Middle East and Africa: Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of MEA

South America: Brazil, Argentina, Rest of South America

Regional Insights

North America dominates the cloud-based computing market in terms of revenue and market share, primarily due to:

• Strong presence of numerous vendors
• Increasing adoption of cloud computing solutions

Asia-Pacific is projected to register the highest growth rate during 2023-2030, driven by:

• High growth in India and China
• Presence of regional players

Market Drivers

1. Increasing Deployment of Private Cloud Computing

Private clouds deliver computing capabilities with self-service, scalability, and elasticity advantages. They provide higher levels of security and privacy through firewalls and internal hosting, ensuring high-level data protection.

2. Data Security and Privacy Concerns

Organizations prioritize data security with services including:

• Authorization management
• Access control
• Data encryption
• Cloud integration
• Monitoring & auditing
• Communication security
• Business continuity services

Leading vendors such as Microsoft Corporation, Google LLC, and Amazon.com Inc. provide 99.9% uptime, releasing organizations from maintaining backup infrastructure and recovery facilities.

Market Opportunities

Growing SME Adoption

Small and medium enterprises (SMEs) are expected to be major adopters of cloud-based computing, benefiting from:

• Improved productivity
• Minimized operating costs
• Enhanced operational efficiency
• Reduced IT infrastructure costs

Market Challenges

Technical and Operational Issues

• Insufficient network bandwidth
• Limited technical expertise among enterprises
• Lack of access to high-speed internet
• Compatibility complications with legacy systems
• Increasing need to manage compliance policy and regulatory requirements

COVID-19 Impact

The pandemic significantly accelerated cloud adoption as:

• Organizations migrated from traditional channels to digital formats
• Enterprises adopted work-from-home models across various verticals
• Smart technologies (big data, IoT, AI) accelerated Industry 4.0
• Demand for cloud-based computing increased substantially

Market Definition

Cloud-based computing is the delivery of computing services—including databases, networking, software, analytics, servers, storage, and intelligence—over the Internet. It provides flexible resources, faster innovation, and economies of scale, enabling enterprises and users to process and store data on third-party servers or privately-owned clouds with reliable and easier data accessing mechanisms.