The Public Cloud Market size was USD 607.55 Billion in 2023 and is expected to Reach USD 1595.8 Billion by 2031 and grow at a CAGR of 12.83% over the forecast period of 2024-2031.
The public cloud market continues to evolve rapidly, driven by a combination of technological advancements, changing business needs, and shifting consumer expectations. One prominent trend is the increasing adoption of multi-cloud strategies, where organizations leverage services from multiple cloud providers to achieve greater flexibility, resilience, and performance. This approach allows businesses to avoid vendor lock-in, optimize costs, and access specialized services tailored to their unique requirements. As competition intensifies among cloud providers, innovation is flourishing, leading to the development of advanced features such as serverless computing, artificial intelligence (AI) services, and container orchestration platforms. Moreover, the democratization of cloud technology is enabling startups and small-to-medium enterprises (SMEs) to access enterprise-grade infrastructure and services previously out of reach, leveling the playing field and fostering entrepreneurship and innovation across industries.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Public Cloud industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Public Cloud market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Alibaba Group Holding Limited, Amazon.com Inc., Adobe Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc., SAP SE, Workday Inc., and other players.
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Public Cloud market.
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It has segmented the global Public Cloud market
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Service model
- infrastructure as a service
- platform as a Service
- Software as a Service
By End-User
- BFSI
- Healthcare
- Retail
- Manufacturing
- Government
- IT
- Telecom
- Others
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Public Cloud ' market report.
- The study offers a full business size Public Cloud ' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Public Cloud of market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Public Cloud 'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Public Cloud ' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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