Cloud Engineering Market Analysis
The cloud engineering market is anticipated to touch USD 13 billion at a 21% CAGR between 2017- 2023, as per the current Market Research Future (MRFR) analysis. Cloud engineering, simply put, is the use of cloud computing in engineering. It is a systematic means to the commercialization and standardization of cloud computing applications. Cloud computing engineering uses various engineering tools to develop, maintain, and operate systems and solutions of cloud computing. Owing to its alluring features and an array of benefits, it has wide applications in government, retail, energy and utilities, healthcare, BFSI, IT and Telecommunication, and others.
The Cloud Engineering Market report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, drivers, opportunities, restraints and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The global pandemic has affected the Cloud Engineering Market growth for a certain period of time in 2020. All across the regions, the lockdown has affected the sales and productivity of the global market.
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Segmentation
The MRFR report highlights an inclusive segmental analysis of the global cloud engineering market based on end users, organization size, deployment type, and service type.
By service type, the market is segmented into cloud storage, cloud security, migration, integration, training, design, consulting, and others. Of these, cloud storage will lead the market over the forecast period.
By deployment, the market is segmented into hybrid, public, and private. Of these, the public deployment will dominate the market over the forecast period.
By organization size, the market is segmented into large, medium, and small. Of these, the small and medium segment will have a major share in the market over the forecast period.
By end users, the market is segmented into government, retail, energy and utilities, healthcare, BFSI, IT and Telecommunication, and others. Of these, the retail segment will command the largest share in the market over the forecast period.
Cloud Engineering Market Regional Analysis
Based on the region, the global cloud engineering market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will command the largest share in the market over the forecast period. Easy accessibility of technical expertise, advanced IT infrastructure, and the presence of several enterprises are adding to the market growth in the region.
The global cloud engineering market in the APAC region is predicted to have a healthy growth over the forecast period. Growing adoption of high end technology in the measurement equipment field, increasing advancements, stringent government regulations, and a surging number of manufacturers are adding to the market growth in the region.
The global cloud engineering market in Europe is predicted to have favorable growth over the forecast period. High adoption of cloud computing in Finland, Germany, France, Denmark, and Sweden, the presence of technology hub, and increasing adoption of cloud services in various sectors including education, banking financial services & insurance, and healthcare are adding to the global cloud engineering market growth in the region.
The global cloud engineering market in the RoW is predicted to have sound growth over the forecast period.
Cloud Engineering Market Key Players
Key contenders profiled in the global cloud engineering market report include -
- Searce Inc. (US)
- Softcrylic LLC (US)
- VVDN Technologies (India)
- Nitor Infotech (India)
- Calsoft Inc. (US)
- ITC Infotech India Ltd. (India)
- Engineering Ingegneria Informatica SpA (Europe)
- Rapidvalue Solutions Inc. (US)
- Aricent Inc. (US)
- GFT Technologies SE (Europe)
- and Trianz (US)
- Sogeti (Europe)
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Key Points Covered in the Report:
- The Cloud Engineering research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
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