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 soar as businesses across industries increasingly adopt cloud solutions for scalability, agility, and cost-efficiency. With major players like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud dominating the landscape, competition remains fierce. However, smaller players and niche providers are carving out their space by offering specialized services tailored to specific industries or use cases. As businesses continue to digitize operations and prioritize cloud-first strategies, the public cloud market is expected to witness exponential growth in the coming years, with investments pouring into innovative technologies like AI, IoT, and edge computing to enhance cloud capabilities and meet evolving customer demands.

Moreover, the public cloud market is witnessing a significant shift towards multi-cloud and hybrid cloud strategies as organizations seek to optimize performance, mitigate risks, and avoid vendor lock-in. Enterprises are increasingly adopting a mix of public cloud services alongside private cloud or on-premises infrastructure to achieve the flexibility and customization they require.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 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 Objectives of the Global Public Cloud Market Report:

  • The report conducts a comparative assessment of the leading market players participating in the globalPublic Cloud 
  • The report marks the notable developments that have recently taken place in the Public Cloud industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of thePublic Cloud market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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