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Cloud Computing Market: 40% of Growth Will Come from North America | Service (SaaS, IaaS and PaaS) and geographic segments | Global Forecast to 2025 | national news

NEW YORK, January 17, 2022 /PRNewswire/ — The cloud computing market the value is expected to grow by $287.03 billion from 2020 to 2025, according to Technavio’s latest report.

Adopting SaaS helps businesses eliminate the expense and complexities associated with managing the hardware and software needed to run applications. Additionally, SaaS also enables easy access to IoT, data analytics, and AI platforms, which helps businesses make business decisions. As a result, there will be a strong demand for SaaS solutions. The growth of the SaaS market segment is expected to be significant over the forecast period.

Cloud Computing Market Report Highlights:

  1. Market Growth 2020-2025: $287.03 billion
  2. Annual growth (%): 20.37%
  3. Contribution to successful market: North America at 40%
  4. Main consumer countries: United States, Germany, China, Japan, and United Kingdom

Want more data and insights not included in this report? Contact our analysts and get this customizable report according to your needs. Talk to an analyst.

Regional Market Analysis

40% of market growth will come from North America during the forecast period. The United States is one of the largest cloud computing markets in North America. Market growth in this region will be slower than market growth in other regions.

Growing adoption of cloud solutions by various end-user industries will facilitate the growth of the cloud computing market in North America over the forecast period.

For additional regional market information: Request a free sample report.

Main Suppliers and Strategies

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.co.uk 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 vendors in the cloud computing market.

The market is fragmented and vendors are deploying growth strategies such as product development to compete in the market.

  • Hewlett Packard Enterprise Development LP – In March 2021, HPE launched a new portfolio of AMD EPYC processor-based offerings and claimed the top spot in performance, power efficiency, database analytics workloads, and Java applications.
  • International Business Machines Corp – In March 2021, IBM has announced a collaboration with the All India Council of Technical Education (AICTE) and the Ministry of Education (MoE) to offer competency-based training courses on the National Educational Alliance for Technology (NEAT) platform 2.0.
  • Oracle Corp- In October 2020, the company launched the Oracle Cloud Observability and Management Platform, which is a suite of services that enable better visibility and understanding of native and traditional cloud technologies, whether deployed in multicloud or on-premises environments.

Download our free sample report to get a brief understanding of various other vendors and vendor strategies.

Key Market Drivers

Our analysts have detailed insights into the major market drivers and their impact on the cloud computing market.

  • Increased inclination towards cloud computing to reduce costs:
    • SMBs have started opting for public solutions to scale up or down hardware and resources. Besides reducing CAPEX, cloud computing solutions can facilitate faster storage, processing and communication lines. Clouds also allow the deployment of applications without the need to provision hosting capacities. Cloud services provide security, facilitate optimal use of resources, and provide the reliability of normal dedicated server and cloud resources. The factors mentioned above are increasing the revenue generation for the vendors, contributing to the growth in the size of the cloud computing market. The increased inclination towards cloud computing for cost reduction is one of the important factors driving the growth of the market.

To know some other market drivers, trends and challenges.

Download our free sample report

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Cloud Computing Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Decelerate at a CAGR of 17%

Market Growth 2021-2025

$287.03 billion

Market structure

Fragmented

Annual growth (%)

20.37

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 40%

Main consumer countries

USA, China, UK, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.co.uk Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio Research

Jesse Maida

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Email: [email protected]

Website: www.technavio.com/

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