#Cloud Computing Market size

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Cloud Computing Market Growth Report 2030 by Key Players, Trends, Share, Segmentation

The global cloud computing market was valued at USD 602.31 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 21.2% from 2024 to 2030. The market is rapidly expanding, driven by several key factors, including the increasing recognition by large enterprises of the transformative power of cloud computing. By migrating to the cloud, businesses can streamline their operations, enhance organizational agility, and unlock efficiencies that drive better performance across all departments. As a result, cloud adoption is becoming an essential strategic decision for businesses seeking to improve operational performance, reduce costs, and stay competitive.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Regional Insights:

North America Cloud Computing Market Trends

In 2023, North America held approximately 40% of the global cloud computing market share, maintaining its dominance. The region’s strong market share is largely due to its mature IT infrastructure and the presence of leading technology hubs. The U.S. continues to be a driving force in the market, with widespread cloud adoption across industries and significant government support for digital transformation initiatives. Cloud adoption in North America is supported by an advanced, secure, and resilient infrastructure that can support a variety of cloud services ranging from data storage to AI-powered solutions.

U.S.

The U.S. cloud computing market held over 90% of North America’s market share in 2023, making it the dominant player in the region. The country’s cloud computing growth is driven by the presence of the world’s largest cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). These major companies continue to innovate and expand their service offerings, creating opportunities for businesses across sectors to adopt more sophisticated cloud solutions for improved efficiency, security, and scalability.

Asia Pacific Cloud Computing Market Trends

The Asia Pacific region is the fastest-growing market for cloud computing, with an anticipated CAGR of 24.0% from 2024 to 2030. The growth is driven by rapid economic development, an expanding internet user base, and a growing tech-savvy population. This region holds immense potential for cloud service providers looking to tap into markets with a rising demand for digital services.

China

China is the second-largest consumer of cloud computing services globally and is expected to grow at a CAGR of 24.0% from 2024 to 2030. The Chinese government’s strong push for cloud adoption and its focus on technological innovation are major factors driving the growth of the country’s cloud computing market. The presence of domestic cloud giants like Alibaba Cloud and Tencent Cloud is further propelling market expansion, as these companies have strong local market knowledge and extensive infrastructure, catering to the growing demand for digital services.

Japan

Japan is expected to grow at a CAGR of 23.2% from 2024 to 2030. The country’s rapid digitalization across industries such as healthcare, finance, and manufacturing is driving the adoption of cloud solutions. Japan’s expanding reliance on digital infrastructure presents a large market for cloud service providers. However, Japan also faces significant challenges related to cybersecurity, including a shortage of skilled professionals, which creates demand for training and development in cybersecurity practices.

India

India’s cloud computing market is expected to experience significant growth at a CAGR of 26.7% from 2024 to 2030. Factors driving this growth include India’s young, tech-savvy population, the increasing internet penetration, and government initiatives aimed at promoting digitalization. The affordability and scalability of cloud solutions make them particularly appealing to India’s growing startup ecosystem, as well as to businesses across the SME (small and medium enterprise) sector.

Europe Cloud Computing Market Trends

The European cloud computing market is expected to grow at a CAGR of 20.8% from 2024 to 2030, fueled by increasing digitalization efforts and growing awareness about the benefits of cloud-based solutions. The European Union’s focus on data privacy and compliance regulations, such as GDPR, is also playing a crucial role in shaping the market. Businesses are increasingly looking for secure, compliant cloud solutions that meet stringent data privacy standards.

UK

The UK cloud computing market is projected to grow at a CAGR of 19.7% from 2024 to 2030. As one of the more mature markets in Europe, the UK has been a leader in cloud adoption, especially across industries like finance, healthcare, and public services. Government policies and initiatives are helping to drive this growth, particularly with the UK’s efforts to establish a competitive cloud service provider landscape that enhances the country’s technological capabilities.

Germany

Germany is expected to see significant growth in the cloud computing market, with a CAGR of 22.3% from 2024 to 2030. Germany’s strong industrial base, combined with the growing adoption of Industry 4.0 technologies, is driving demand for secure, reliable cloud solutions to support data-intensive manufacturing processes. As one of Europe’s leading economies, Germany is focused on enhancing digital transformation in sectors such as automotive, manufacturing, and healthcare, which is further boosting the demand for cloud services.

MEA Cloud Computing Market Trends

The cloud computing market in MEA is in the early stages but is poised to grow significantly, with an expected CAGR of 18.3% from 2024 to 2030. The region is seeing increased government investments in digital transformation initiatives and growing internet infrastructure, which are key drivers of the market. Cloud service providers are focusing on developing solutions tailored to the specific needs of the MEA region, particularly in sectors such as oil and gas, finance, and healthcare.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global digital transaction management market size was estimated at USD 15.26 billion in 2024 and is projected to grow at a CAGR of 26.3% from 2025 to 2030.

The global data center interconnect market size was estimated at USD 10.12 billion in 2024 and is projected to grow at a CAGR of 13.1% from 2025 to 2030.

Key Companies & Market Share Insights:

Several global leaders dominate the cloud computing space, including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Alibaba Cloud. These companies are continuously innovating and expanding their offerings, making them central players in the market.

Amazon Web Services (AWS): AWS is one of the most widely adopted cloud platforms globally, providing an extensive range of on-demand cloud computing services, including compute, storage, databases, AI/ML, and IoT Its flexible pricing model and massive global network of data centers make it a preferred choice for businesses of all sizes.

Microsoft Azure: Microsoft Azure is a major player in the cloud market, particularly popular for developer solutions and hybrid cloud solutions. It is favored for its integration with Microsoft’s software and services, offering businesses seamless collaboration and productivity tools alongside its cloud infrastructure. Azure’s security features and compliance options are key selling points for large enterprises.

Google Cloud Platform (GCP): Google Cloud is known for its AI, machine learning (ML), and big data Google has also heavily invested in enhancing its cloud infrastructure to support a growing number of businesses needing high-performance computing and data analytics services.

Alibaba Cloud: As the leading cloud service provider in China and a significant player globally, Alibaba Cloud is known for its robust cloud infrastructure and a wide range of cloud services that cater to businesses across industries. The company continues to grow its international presence, offering scalable cloud solutions to businesses in Asia Pacific and beyond.

Emerging Market Participants:

GroundCloud: A newcomer to the cloud computing market, GroundCloud stands out for its focus on sustainability. The company powers its data centers using renewable energy sources, making it an attractive option for environmentally conscious businesses looking for cloud solutions that align with their sustainability goals.

Coastal Cloud: Coastal Cloud specializes in providing cloud solutions tailored for the media and entertainment industry, focusing on managing large media files. The company ensures efficient content production, storage, and delivery, catering to the unique needs of the industry.

Order a free sample PDF of the Cloud Computing Market Intelligence Study, published by Grand View Research.

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Cloud Computing Industry 2030 Top Key Players, Trends, Share, Industry Size, Segmentation

The global cloud computing market was valued at USD 602.31 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 21.2% from 2024 to 2030. The market is rapidly expanding, driven by several key factors, including the increasing recognition by large enterprises of the transformative power of cloud computing. By migrating to the cloud, businesses can streamline their operations, enhance organizational agility, and unlock efficiencies that drive better performance across all departments. As a result, cloud adoption is becoming an essential strategic decision for businesses seeking to improve operational performance, reduce costs, and stay competitive.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Regional Insights:

North America Cloud Computing Market Trends

In 2023, North America held approximately 40% of the global cloud computing market share, maintaining its dominance. The region’s strong market share is largely due to its mature IT infrastructure and the presence of leading technology hubs. The U.S. continues to be a driving force in the market, with widespread cloud adoption across industries and significant government support for digital transformation initiatives. Cloud adoption in North America is supported by an advanced, secure, and resilient infrastructure that can support a variety of cloud services ranging from data storage to AI-powered solutions.

U.S.

The U.S. cloud computing market held over 90% of North America’s market share in 2023, making it the dominant player in the region. The country’s cloud computing growth is driven by the presence of the world’s largest cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). These major companies continue to innovate and expand their service offerings, creating opportunities for businesses across sectors to adopt more sophisticated cloud solutions for improved efficiency, security, and scalability.

Asia Pacific Cloud Computing Market Trends

The Asia Pacific region is the fastest-growing market for cloud computing, with an anticipated CAGR of 24.0% from 2024 to 2030. The growth is driven by rapid economic development, an expanding internet user base, and a growing tech-savvy population. This region holds immense potential for cloud service providers looking to tap into markets with a rising demand for digital services.

China

China is the second-largest consumer of cloud computing services globally and is expected to grow at a CAGR of 24.0% from 2024 to 2030. The Chinese government’s strong push for cloud adoption and its focus on technological innovation are major factors driving the growth of the country’s cloud computing market. The presence of domestic cloud giants like Alibaba Cloud and Tencent Cloud is further propelling market expansion, as these companies have strong local market knowledge and extensive infrastructure, catering to the growing demand for digital services.

Japan

Japan is expected to grow at a CAGR of 23.2% from 2024 to 2030. The country’s rapid digitalization across industries such as healthcare, finance, and manufacturing is driving the adoption of cloud solutions. Japan’s expanding reliance on digital infrastructure presents a large market for cloud service providers. However, Japan also faces significant challenges related to cybersecurity, including a shortage of skilled professionals, which creates demand for training and development in cybersecurity practices.

India

India’s cloud computing market is expected to experience significant growth at a CAGR of 26.7% from 2024 to 2030. Factors driving this growth include India’s young, tech-savvy population, the increasing internet penetration, and government initiatives aimed at promoting digitalization. The affordability and scalability of cloud solutions make them particularly appealing to India’s growing startup ecosystem, as well as to businesses across the SME (small and medium enterprise) sector.

Europe Cloud Computing Market Trends

The European cloud computing market is expected to grow at a CAGR of 20.8% from 2024 to 2030, fueled by increasing digitalization efforts and growing awareness about the benefits of cloud-based solutions. The European Union’s focus on data privacy and compliance regulations, such as GDPR, is also playing a crucial role in shaping the market. Businesses are increasingly looking for secure, compliant cloud solutions that meet stringent data privacy standards.

UK

The UK cloud computing market is projected to grow at a CAGR of 19.7% from 2024 to 2030. As one of the more mature markets in Europe, the UK has been a leader in cloud adoption, especially across industries like finance, healthcare, and public services. Government policies and initiatives are helping to drive this growth, particularly with the UK’s efforts to establish a competitive cloud service provider landscape that enhances the country’s technological capabilities.

Germany

Germany is expected to see significant growth in the cloud computing market, with a CAGR of 22.3% from 2024 to 2030. Germany’s strong industrial base, combined with the growing adoption of Industry 4.0 technologies, is driving demand for secure, reliable cloud solutions to support data-intensive manufacturing processes. As one of Europe’s leading economies, Germany is focused on enhancing digital transformation in sectors such as automotive, manufacturing, and healthcare, which is further boosting the demand for cloud services.

MEA Cloud Computing Market Trends

The cloud computing market in MEA is in the early stages but is poised to grow significantly, with an expected CAGR of 18.3% from 2024 to 2030. The region is seeing increased government investments in digital transformation initiatives and growing internet infrastructure, which are key drivers of the market. Cloud service providers are focusing on developing solutions tailored to the specific needs of the MEA region, particularly in sectors such as oil and gas, finance, and healthcare.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global digital transaction management market size was estimated at USD 15.26 billion in 2024 and is projected to grow at a CAGR of 26.3% from 2025 to 2030.

The global data center interconnect market size was estimated at USD 10.12 billion in 2024 and is projected to grow at a CAGR of 13.1% from 2025 to 2030.

Key Companies & Market Share Insights:

Several global leaders dominate the cloud computing space, including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Alibaba Cloud. These companies are continuously innovating and expanding their offerings, making them central players in the market.

Amazon Web Services (AWS): AWS is one of the most widely adopted cloud platforms globally, providing an extensive range of on-demand cloud computing services, including compute, storage, databases, AI/ML, and IoT Its flexible pricing model and massive global network of data centers make it a preferred choice for businesses of all sizes.

Microsoft Azure: Microsoft Azure is a major player in the cloud market, particularly popular for developer solutions and hybrid cloud solutions. It is favored for its integration with Microsoft’s software and services, offering businesses seamless collaboration and productivity tools alongside its cloud infrastructure. Azure’s security features and compliance options are key selling points for large enterprises.

Google Cloud Platform (GCP): Google Cloud is known for its AI, machine learning (ML), and big data Google has also heavily invested in enhancing its cloud infrastructure to support a growing number of businesses needing high-performance computing and data analytics services.

Alibaba Cloud: As the leading cloud service provider in China and a significant player globally, Alibaba Cloud is known for its robust cloud infrastructure and a wide range of cloud services that cater to businesses across industries. The company continues to grow its international presence, offering scalable cloud solutions to businesses in Asia Pacific and beyond.

Emerging Market Participants:

GroundCloud: A newcomer to the cloud computing market, GroundCloud stands out for its focus on sustainability. The company powers its data centers using renewable energy sources, making it an attractive option for environmentally conscious businesses looking for cloud solutions that align with their sustainability goals.

Coastal Cloud: Coastal Cloud specializes in providing cloud solutions tailored for the media and entertainment industry, focusing on managing large media files. The company ensures efficient content production, storage, and delivery, catering to the unique needs of the industry.

Order a free sample PDF of the Cloud Computing Market Intelligence Study, published by Grand View Research.

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Cloud Computing Industry Size, Trends, Statistics and Analysis Report, 2030

The global cloud computing market was valued at USD 602.31 billion in 2023 and is projected to grow at a compounded annual growth rate (CAGR) of 21.2% from 2024 to 2030. This rapid expansion is driven by a combination of factors that have made cloud computing an indispensable tool for businesses across various sectors. One of the key reasons for this growth is the increasing recognition by large…

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Cloud Computing Market Recent Trends and Growth Analysis Report 2024 – 2030

The global cloud computing market size is estimated to reach USD 2,390.18 billion by 2030, growing at a CAGR of 21.2% from 2024 to 2030, according to the recent reports of Grand View Research, Inc. The market is experiencing significant growth fueled by several key factors. Firstly, the rising adoption of cloud-native applications across diverse sectors like banking and supply chain automation is driving demand. These applications offer businesses a faster and more efficient way to develop, manage, and roll out web services. For instance, in June 2023, First Abu Dhabi Bank (FAB) partnered with IBM to migrate its applications to the cloud. This move will enable FAB to optimize its technology infrastructure and deliver a seamless digital experience for its customers. Cloud adoption empowers businesses with greater agility and scalability, allowing them to adapt more effectively to changing market demands and customer needs.

Secondly, the increasing use of cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and 5G is further propelling the market. These technologies require immense data processing power and storage capabilities, which cloud computing solutions provide readily. Businesses can leverage the cloud to efficiently store, access, and manage the vast amount of data generated by modern technologies like smartphones, computers, and the Internet. This data is crucial for businesses to personalize services and deliver tailored experiences to their consumers.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Detailed Segmentation:

Market Concentration & Characteristics

The major players in the market are engaged in a fierce battle for dominance. Leading the charge are the "hyperscalers" - Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). These giants boast massive infrastructure, comprehensive service offerings, and constant innovation. Their growth strategies are multifaceted. Firstly, they are all aggressively expanding their global reach, establishing new data centers across the world to cater to a wider customer base. Secondly, they are continuously adding new features and functionalities to their cloud platforms, encompassing everything from artificial intelligence and machine learning tools to advanced analytics and security solutions. This diversification allows them to cater to the specific needs of a broader range of industries.

Service Insights

The SaaS segment dominated the market and accounted for around 54% of the revenue share in 2023. SaaS applications offer unparalleled ease of use and deployment. Businesses can access these applications on demand, eliminating the need for complex installations or ongoing maintenance. This user-friendly approach makes SaaS solutions highly attractive to companies of all sizes, from established enterprises to fledgling startups. Additionally, SaaS applications are typically priced on a subscription basis, offering a predictable and cost-effective way for businesses to access the software they need. Furthermore, SaaS vendors are constantly releasing updates and new features, ensuring that customers always have access to the latest functionalities. All the factors mentioned above have resulted in the increased growth of the SaaS segment in the market.

Deployment Insights

The private segment dominated the market with the largest revenue share in 2023. Private clouds offer several advantages over public clouds. Firstly, they provide a higher level of control and customization. Businesses can tailor their cloud infrastructure to meet their specific security and compliance requirements. Additionally, private clouds offer predictable performance, as resources aren't shared with other users, which is critical for businesses that run mission-critical applications. However, private clouds also come with challenges. They require a significant upfront investment in hardware and software, and ongoing maintenance can be resource intensive. To address these limitations, managed private cloud services are gaining traction.

Workload Insights

The resource management segment dominated the market with the largest revenue share in 2023. Cloud environments are becoming increasingly complex as businesses adopt hybrid and multi-cloud strategies. Managing resources across various cloud providers and on-premise infrastructure becomes a significant challenge. Resource management tools automate tasks like provisioning, scaling, and optimizing resource allocation, leading to increased efficiency and cost savings.

Enterprise Size Insights

The large enterprise segment dominated the market with the largest revenue share in 2023. Cloud computing empowers large businesses to automate routine tasks, enabling faster completion times and improved efficiency, which translates to significant cost savings. Additionally, cloud-based solutions offer greater flexibility by eliminating the need for on-premise infrastructure and associated maintenance. Large businesses can easily scale their cloud resources up or down to meet fluctuating demands. Furthermore, cloud computing fosters enhanced teamwork by facilitating seamless collaboration among geographically dispersed teams.

End-use Insights

The BFSI segment dominated the market with the largest revenue share in 2023. Cloud technology offers significant cost savings by reducing the need for expensive on-premise infrastructure and IT staff. Financial institutions are leveraging the cloud's scalability to handle surges in data processing and transactions while also benefiting from improved agility to launch new financial products and services faster. Moreover, cloud-based analytics unlock valuable insights from vast troves of customer data, empowering BFSI firms to personalize offerings and enhance customer experiences.

Regional Insights

North America held the major share of around 40% of the global cloud computing market in 2023. North America remains a dominant force in the cloud computing market, driven by the presence of major technology hubs and a mature IT infrastructure. The widespread adoption of cloud solutions across various industries, coupled with strong government initiatives promoting digital transformation, is fueling further growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global passwordless authentication market size was estimated at USD 21.07 billion in 2024 and is projected to grow at a CAGR of 17.1% from 2025 to 2030. 

• The global digital forensics market size was valued at USD 10.12 billion in 2023 and is projected to grow at a CAGR of 15.1% from 2024 to 2030. 

Key Cloud Computing Company Insights

Some of the key companies operating in the market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Alibaba Cloud among others are some of the leading participants in the cloud computing market.

• Amazon Web Services (AWS) is one of the most extensive and popular cloud platforms globally, providing a broad range of on-demand cloud computing services and APIs to meet the requirements of individuals, businesses, and governments of any size. With an extensive global network of data centers and a convenient "pay-as-you-go" pricing structure, AWS remains the preferred choice for many who seek trustworthy and adaptable cloud solutions.

• Microsoft Azure has established itself as a leading platform for developer solutions. It is popular among developers who build cloud-based applications due to its excellent integration with Microsoft's products and developer tools. Furthermore, Azure's security features are robust, and it offers hybrid cloud solutions that meet the needs of enterprises, making it a strong contender in the market.

Cloud Computing Market Segmentation

Grand View Research has segmented the global cloud computing market based on service, deployment, workload, enterprise size, end-use, and region:

Cloud Computing Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Infrastructure as a service (IaaS)

• Platform as a service (PaaS)

• Software as a service (SaaS)

Cloud Computing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Public

• Private

• Hybrid

Cloud Computing Workload Outlook (Revenue, USD Billion, 2018 - 2030)

• Application Development & Testing

• Data Storage & Backup

• Resource Management

• Orchestration Services

• Others

Cloud Computing Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Cloud Computing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• IT & Telecom

• Retail & Consumer Goods

• Manufacturing

• Energy & Utilities

• Healthcare

• Media & Entertainment

• Government & Public Sector

• Others

Cloud Computing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

o United Arab Emirates (UAE)

o Saudi Arabia

o South Africa

Order a free sample PDF of the Cloud Computing Market Intelligence Study, published by Grand View Research.

Recent Developments

• In April 2024, Google unveiled a custom-designed Arm-based server chip named Axion. This chip aims to revolutionize cloud computing by making it more affordable. This moves positions Google alongside competitors like Amazon and Microsoft who have already embraced similar strategies. With the launch expected later in 2024, Google plans to utilize Axion for its YouTube ad workloads. The news has generated excitement, with customer Snap expressing early interest in this innovative technology.

• In January 2024, American Tower and IBM Join Forces to Empower Businesses with Cutting-Edge Cloud Solutions. This collaboration aims to revolutionize how businesses approach innovation and customer experiences. American Tower will integrate IBM's hybrid cloud technology and Red Hat OpenShift into its existing Access Edge Data Center network. This combined offering will provide enterprises with powerful tools to leverage the potential of technologies like IoT, 5G, AI, and network automation. By working together, American Tower and IBM will empower businesses to meet the ever-evolving demands of their customers in the age of digital transformation.

• In January 2024, Eviden and Microsoft joined forces for a five-year strategic partnership. This collaboration expands on their existing relationship by bringing innovative Microsoft Cloud and AI solutions to diverse industries, which aligns with Eviden's broader alliance strategy of solidifying existing partnerships and building new ones to strengthen its global network.

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Cloud Computing Market Size To Reach USD 2,390.18 Billion By 2030

Cloud Computing Market Growth & Trends

The global cloud computing market size is estimated to reach USD 2,390.18 billion by 2030, growing at a CAGR of 21.2% from 2024 to 2030, according to the recent reports of Grand View Research, Inc. The market is experiencing significant growth fueled by several key factors. Firstly, the rising adoption of cloud-native applications across diverse sectors like banking and supply chain automation is driving demand. These applications offer businesses a faster and more efficient way to develop, manage, and roll out web services. For instance, in June 2023, First Abu Dhabi Bank (FAB) partnered with IBM to migrate its applications to the cloud. This move will enable FAB to optimize its technology infrastructure and deliver a seamless digital experience for its customers. Cloud adoption empowers businesses with greater agility and scalability, allowing them to adapt more effectively to changing market demands and customer needs.

Secondly, the increasing use of cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and 5G is further propelling the market. These technologies require immense data processing power and storage capabilities, which cloud computing solutions provide readily. Businesses can leverage the cloud to efficiently store, access, and manage the vast amount of data generated by modern technologies like smartphones, computers, and the Internet. This data is crucial for businesses to personalize services and deliver tailored experiences to their consumers.

In March 2023, NVIDIA Corporation, a leading GPU provider, announced cloud services that empower businesses to refine, operate, and build custom large language and generative AI models. These services, utilized by companies like Morningstar and Getty Images, showcase the cloud's role in lowering technological barriers and enabling advancements in AI across various industries. Cloud computing provides the necessary infrastructure for businesses to handle complex computations associated with AI applications like personalized recommendations and data analysis.

The market growth is also driven by continuous innovation and expansion. Cloud service providers are constantly developing new solutions, services, and workloads to enhance their offerings and solidify their market positions. Additionally, prominent players are expanding their reach globally by opening data centers in new regions. This facilitates digital transformation in developing countries and expands the market potential for cloud computing solutions.

In June 2023, Microsoft Corporation announced the launch of its first Italian cloud region. This move provides Italian organizations with access to scalable, secure, and readily available cloud services. By establishing data centers in new regions, cloud providers cater to the growing demand for digital solutions and contribute to economic growth in those areas. The combined forces of application adoption, data demands, technological advancements, and continuous innovation ensure the continued expansion of the market in the coming years.

 Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/cloud-computing-industry

Cloud Computing Market Report Highlights

Based on services, the Infrastructure as a Service (IaaS) segment is expected to grow at the fastest CAGR of around 22% over the forecast period. This surge is attributed to several factors. Businesses are increasingly turning to IaaS solutions to streamline their IT infrastructure, a trend fueled by the growing complexity of IT systems and the difficulty of finding qualified personnel to manage them

Based on workload, the application development and testing segment is expected to witness the highest growth rate over the forecast period. The application development and testing workload in the market is experiencing significant growth due to several factors. Cloud platforms offer agility and scalability, allowing developers to provision and deploy resources needed for application creation quickly, which translates to faster development cycles and reduced time-to-market

Based on deployment, the hybrid cloud deployment model is expected to be the frontrunner for growth in the market. Businesses across various industries are increasingly recognizing the benefits of hybrid models, including cost optimization, improved business models, faster application development, enhanced operational efficiency, and superior user experience

The market is witnessing a surge in adoption among small and medium-sized businesses (SMEs). This segment is projected to experience the fastest growth, driven by several factors. Firstly, cloud solutions eliminate the need for expensive upfront investments in IT hardware and software, making them a budget-friendly option for SMEs. Secondly, cloud computing offers unparalleled scalability, allowing businesses to easily adjust their processing power and storage capacity as their needs evolve

The manufacturing sector is anticipated to be the fastest-growing segment within the market from 2024 to 2030. 0This surge is driven by the numerous advantages cloud solutions offer manufacturers. Cloud-based systems enable seamless data management, providing real-time visibility into operations, inventory, and supply chain logistics. This empowers manufacturers to make data-driven decisions, optimize production processes, and ensure efficient resource allocation

The Asia Pacific region is experiencing the most explosive growth in the market, fueled by a confluence of factors. Rapid economic development, surging internet penetration, and a tech-savvy population are creating a massive demand for digital solutions

Cloud Computing Market Segmentation

Grand View Research has segmented the global cloud computing market based on service, deployment, workload, enterprise size, end-use, and region:

Cloud Computing Service Outlook (Revenue, USD Billion, 2018 - 2030)

Infrastructure as a service (IaaS)

Platform as a service (PaaS)

Software as a service (SaaS)

Cloud Computing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

Public

Private

Hybrid

Cloud Computing Workload Outlook (Revenue, USD Billion, 2018 - 2030)

Application Development & Testing

Data Storage & Backup

Resource Management

Orchestration Services

Others

Cloud Computing Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

Large Enterprises

Small & Medium Enterprises

Cloud Computing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

BFSI

IT & Telecom

Retail & Consumer Goods

Manufacturing

Energy & Utilities

Healthcare

Media & Entertainment

Government & Public Sector

Others

Cloud Computing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

South Korea

Australia

Latin America

Brazil

Middle East & Africa (MEA)

United Arab Emirates (UAE)

Saudi Arabia

South Africa

List of key players in the Cloud Computing Market

Alibaba Cloud

Amazon Web Services, Inc.

CloudHesive

Coastal Cloud

DigitalOcean

Google

GroundCloud

IBM

Microsoft Azure

Oracle Cloud

Rackspace Technology, Inc.

Salesforce, Inc.

Tencent

The Descartes Systems Group Inc.

VMware LLC

Browse Full Summary: https://www.grandviewresearch.com/industry-analysis/cloud-computing-industry

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Cloud Based Grid Computing Market - Forecast (2024 - 2030)

Cloud Based Grid Computing Market Overview

The Cloud Based Grid Computing Market is forecast to reach $2.4 billion by 2027, growing at a CAGR of 19.4% from 2022 to 2027. Grid computing is the technique of merging diverse computer resources from many fields to achieve a common purpose. Grid computing is used for calculating computer-related issues that may be connected in parallel in today's technology-driven world. With the increased usage of modern technologies such as machine learning, artificial intelligence, integrated graphics, and others, the grid computing sector is rapidly expanding. Grid computing aids in the resolution of problems that were previously difficult or unsolvable. Grid computing allows for greater operational flexibility that enhances the development of business. Grid computing connects IT resources with end-users, customers, suppliers, and other relevant parties. Grid computing on the cloud will be in great demand in the major corporate sector since it allows for the simple management of huge statistical research projects, real-time data collecting, derivative risk analysis, candidate drug screening, and other tasks. Furthermore, the Cloud Based Grid Computing Market offers a simple and centralized method of regulating and scaling without regard to geography, which is propelling the cloud based grid computing market. The growing demand for cloud storage solutions, such as private cloud storage and public cloud service, for effective data analysis and data management in the cloud, is also propelling the market forward. Multi tenancy security challenges in the cloud, on the other hand, are impeding industry expansion. Hence, these factors will drive Cloud Based Grid Computing market size in the forecast period 2022-2027.

Cloud Based Grid Computing Market Report Coverage

The report: “Cloud Based Grid Computing Market – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Cloud Based Grid Computing market.

By Component: Security, User Interface, Workload Management, Data Management, Scheduler, Resource Management By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud By Organization size: Small and medium enterprise, large enterprise By End-user-industry: BFSI, Enterprise, Healthcare, Education, others By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others) and RoW (Middle east and Africa)

Key Takeaways

North America dominated held the major market share in 2021. This is mainly attributed to early adoption of new technologies, presence of key market players and others.

The capacity of Grid Computing to allow firms to safely share their computing power, databases, and other techniques between corporates and to other nations without losing local autonomy is a significant reason pushing its growth.

Rising trend towards adoption across small and medium enterprises benefits the market growth.

Cloud Based Grid Computing Market Segment Analysis- By Deployment Type

By Deployment type, Cloud Based Grid Computing market is segmented into Private Cloud, Public Cloud, Hybrid Cloud. Public cloud segment is estimated to hold the highest market share 35% among all the components during the forecast period 2022-2027. Next-generation industrial solutions will be cloud-based, and thus will need a platform to demonstrate their digital business skills. The rise of the internet of things (IoT), edge computing, 5G, real-time analytics enabled by artificial intelligence (AI), and machine learning (ML) is expected to increase the value of this computer technology among businesses. As a result of digital transformation, firms' business models and operational methods are altering. The importance of communication with external partners, other industries, and customers is growing, and the public cloud is the right foundation for building an open inter-company network that enhances the business expansion. The essentials of storage, processing, and networking power, as well as artificial intelligence and natural language processing (NLP) and common office programmes, are all covered by public cloud services. Thus, above mentioned factors are analyzed to drive the market in the forecast period 2022-2027.

Cloud Based Grid Computing Market Segment Analysis- By Organization size

This market is segmented into small and medium enterprise, large enterprise, on the basis of Organization size. Small and medium enterprise is anticipated to witness significant amount of growth with CAGR of 20.18% during the forecast period 2022-2027. Cloud computing removes the need for physical data centers and storage, as well as requiring relatively little IT employees to manage. Furthermore, Cloud Based Grid Computing also eases financial stress as businesses can choose a fair payment plan. Businesses are not required to pay for software that is not used. SMBs benefit from cloud computing's flexibility and cost-effectiveness by ensuring the availability of data and services. It may be able to transcend the limitations of traditional servers to deliver quicker, scalable, more efficient services, allowing for increased revenues through enhanced internal processes such as better organization, faster decision-making, and faster client communication. However, several SMEs are still hesitant to employ cloud computing services (CCS) since these services are maintained by third parties, posing extra risk-level concerns and making privacy more difficult to preserve. In June 2020, Google announced a partnership with Telefónica. Under this partnership, Google is planning to launch a cloud region in Spain that will leverage Telefonica's Madrid region infrastructure. This partnership also aimed at economic recovery of the country post-COVID-19 by boosting the digitalization of companies and supporting Spain's public administration.

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The Healthcare Cloud Computing Market in 2023 is US$ 46.5 billion, and is expected to reach US$ 175.02 billion by 2031 at a CAGR of 18.02%.

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UAE Cloud Computing Market Trends, Demand, Size & Growth 2032

UAE Cloud Computing Market Overview

The UAE Cloud Computing Market is estimated to reach USD 18.4 Billion by 2032 with a CAGR of 38.2%.

The market for cloud computing in the United Arab Emirates (UAE) has grown rapidly due to the country’s strategic focus on technical innovation and digital transformation. The market has grown dramatically as companies come to understand cloud computing’s benefits. This tendency has also been aided by the UAE government’s initiatives to promote a knowledge-based economy.

Cloud solutions are being quickly adopted by UAE organisations in order to improve cost-effectiveness, scalability, and operational efficiency. Large national and international businesses in the cloud computing space have made a name for themselves by providing a wide range of services like software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS).

Strong safeguards have been implemented to address security issues, giving organisations confidence to move sensitive data and important apps to the cloud. Due to its advantageous geographic position and sophisticated infrastructure, the UAE is a sought-after hub for cloud service providers, which propels ongoing market progress.

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Exploring the Growth Drivers of the UAE Cloud Computing Industry

The UAE cloud computing market is growing at a steady rate because of a number of important factors. First and foremost, the government’s steadfast dedication to innovation and digital transformation serves as the main engine of growth. Businesses are being pushed towards cloud adoption by national efforts like UAE Vision 2021 and the Dubai Smart City project, which aim to improve overall efficiency and streamline operations.

Additionally, the use of cloud services is fuelled by businesses’ growing need for scalable and affordable IT solutions. Because cloud computing offers flexibility, organisations in the UAE can dynamically adapt their resources based on changing needs, which fosters agility in a business landscape that is changing quickly.

The UAE is a popular destination for international cloud service providers looking to create a presence due, in large part, to its advantageous geographic position and sophisticated telecommunications infrastructure. A wide range of innovative services and technologies are being introduced to the market by these new multinational players.

What challenges does the UAE Cloud Computing Market face?

Despite its strong expansion, the UAE cloud computing market faces a number of obstacles that will affect its future. The persistent worry about data security and compliance is one major obstacle. Businesses continue to exercise caution regarding the possible hazards connected with storing sensitive data in the cloud, despite the government and cloud service providers having put strict controls in place. Building more confidence requires addressing these issues through ongoing security protocol improvements.

Having qualified experts in cloud technology is another problem. The workforce needs to be prepared to manage, implement, and optimise cloud solutions due to the rapid expansion of cloud computing. One obstacle for companies hoping to reap the full benefits of cloud adoption is the lack of qualified workers.

There are additional issues with interoperability and standardisation, especially when businesses incorporate several cloud services. For a cloud ecosystem to function well together, it is essential that diverse platforms and applications work together seamlessly.

What are the recent developments happening in the UAE Cloud Computing Market?

New developments in the UAE cloud computing market present a dynamic environment characterised by strategic alliances and technological breakthroughs. A noteworthy trend in the nation is the growth of data centres, which is mostly the result of local and foreign cloud service providers looking to take advantage of the rising demand for cloud services in the area. These innovations improve the infrastructure as a whole, making cloud solutions more reliable and accessible for companies using them.

With continuous measures to promote digital transformation, the UAE government continues to play a key role in influencing the market. The implementation of regulatory frameworks and data protection regulations demonstrates the dedication to creating a safe and favourable atmosphere for cloud usage. By addressing issues with data security and compliance, these actions help to foster trust among organisations.

Report Overview

From 2019 to 2032, the UAE cloud computing market is expected to develop significantly due to the rapid advancements in technology and the growing demand for innovative cloud solutions. Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) are among the service types that divide the market. This segmentation provides insightful information on the wide spectrum of cloud services that meet changing company needs. The market separates public-cloud, private-cloud, and hybrid-cloud products according to their deployment models. This segmentation reflects the diverse needs and preferences of UAE-based businesses, from those that prioritise increased control and security through private or hybrid cloud installations to those who prioritise cost-effectiveness with a public cloud. In terms of industries served, the market includes the government, healthcare, IT, and telecommunications sectors. The market’s adaptability and capacity to meet industry-specific needs and difficulties are demonstrated by the wide range of applications of cloud computing solutions across various industries. Geographically speaking, the market includes the major UAE areas of Sharjah, Dubai, Abu Dhabi, and the rest of the country. Because of regional business environments and governmental activities, every location offers different opportunities and problems. Stakeholders can traverse the dynamic UAE cloud computing market with the help of this thorough study, which offers a full analysis of product trends, deployment patterns, industry applications, and regional dynamics.

Key Target Audience

Cloud Service Providers

Enterprises and Businesses

IT Professionals and Consultants

Telecommunications Companies

Data Centre Operators

Cybersecurity Firms

UAE Cloud Computing Market Segmentation:

1. By Service Type

Infrastructure as a Service

Platform as a Service

Software as a Service

2. By Deployment Models

Public Cloud

Private Cloud

Hybrid Cloud

3. By Industry Verticals

Finance

Healthcare

IT and Telecommunications

Government

Others

4. By End-User

Enterprises

Government Organizations

Non-profit Organizations

5. By Region:

Dubai

Abu Dhabi

Sharjah

Rest of UAE

Key Topics Covered in the Report:

UAE Cloud Computing Market Size (FY’2019-FY’2032)

Overview of UAE Cloud Computing Market

Segmentation of UAE Cloud Computing Market By Service Type (Infrastructure as a Service, Platform as a Service, Software as a Service)

Segmentation of UAE Cloud Computing Market By Deployment Models (Public Cloud, Private Cloud, Hybrid Cloud)

Segmentation of UAE Cloud Computing Market By Industry Verticals (Finance, Healthcare, IT and Telecommunications, Government, Others)

Segmentation of UAE Cloud Computing Market By End-User (Enterprises, Government Organizations, Non-profit Organizations)

In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@organicmarketresearch.com or Download Free Sample Report

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Cloud Computing Market To Deliver Prominent Growth & Striking Opportunities

The global cloud computing market was valued at USD 602.31 billion in 2023 and is projected to grow at a compounded annual growth rate (CAGR) of 21.2% from 2024 to 2030. This rapid expansion is driven by a combination of factors that have made cloud computing an indispensable tool for businesses across various sectors. One of the key reasons for this growth is the increasing recognition by large enterprises of the transformative potential of cloud computing. By shifting their operations to the cloud, companies can streamline processes, increase agility, and achieve significant improvements in operational efficiency, resulting in enhanced overall performance.

One of the major trends contributing to this growth is the rising adoption of hybrid and multi-cloud solutions. These technologies give businesses the flexibility and control they desire by allowing them to integrate multiple cloud platforms and services, tailoring infrastructure to meet their unique needs. Additionally, pay-as-you-go pricing models have made cloud computing more accessible and cost-effective, as they eliminate the need for significant upfront investments in traditional IT infrastructure. This is especially beneficial for businesses in developing countries that are looking for ways to upgrade their digital infrastructure and compete on a global scale.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Service Segmentation Insights:

Among the different types of cloud services, the Software-as-a-Service (SaaS) segment dominated the market in 2023, accounting for approximately 54% of the total revenue share. SaaS solutions are widely popular due to their ease of use and convenience. Businesses can access SaaS applications on demand without the need for complex installations or ongoing maintenance, making them attractive to organizations of all sizes, including startups and small businesses. Furthermore, SaaS applications are typically offered on a subscription basis, which provides a predictable and cost-effective model for companies to access the software they need. Another important advantage of SaaS solutions is that vendors regularly release updates and new features, ensuring that customers have access to the latest functionalities without needing to invest in additional IT resources. These factors have contributed to the significant growth of the SaaS segment in the cloud computing market.

The Infrastructure-as-a-Service (IaaS) segment, on the other hand, is projected to experience the fastest growth, with a CAGR of around 22% during the forecast period. IaaS is becoming a key driver in the cloud computing market due to the flexibility, scalability, and cost-efficiency it offers businesses. Unlike traditional on-premise infrastructure, IaaS allows companies to avoid large upfront investments in hardware and software. Instead, businesses can pay for the computing resources they need on a per-use basis, scaling up or down as required by their changing needs. This scalability is particularly beneficial for startups and businesses with fluctuating resource demands. Additionally, with IaaS, the responsibility of managing and maintaining the underlying infrastructure falls on the service provider, enabling IT teams to focus on more strategic tasks and high-level objectives, rather than spending time on routine maintenance. These factors make IaaS a highly attractive option for companies looking to optimize their IT infrastructure and increase operational efficiency.

In conclusion, the global cloud computing market is poised for significant growth, driven by the increasing adoption of cloud-based solutions by businesses seeking to improve efficiency, reduce costs, and enhance flexibility. The continued expansion of the SaaS and IaaS segments highlights the demand for user-friendly, scalable, and cost-effective solutions that can meet the evolving needs of companies in an increasingly digital world.

Order a free sample PDF of the Cloud Computing Market Intelligence Study, published by Grand View Research.

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Cloud Computing Industry Leading Players Updates and Growth Analysis Report 2030

The global cloud computing market was valued at USD 602.31 billion in 2023 and is projected to grow at a compounded annual growth rate (CAGR) of 21.2% from 2024 to 2030. This rapid expansion is driven by a combination of factors that have made cloud computing an indispensable tool for businesses across various sectors. One of the key reasons for this growth is the increasing recognition by large enterprises of the transformative potential of cloud computing. By shifting their operations to the cloud, companies can streamline processes, increase agility, and achieve significant improvements in operational efficiency, resulting in enhanced overall performance.

One of the major trends contributing to this growth is the rising adoption of hybrid and multi-cloud solutions. These technologies give businesses the flexibility and control they desire by allowing them to integrate multiple cloud platforms and services, tailoring infrastructure to meet their unique needs. Additionally, pay-as-you-go pricing models have made cloud computing more accessible and cost-effective, as they eliminate the need for significant upfront investments in traditional IT infrastructure. This is especially beneficial for businesses in developing countries that are looking for ways to upgrade their digital infrastructure and compete on a global scale.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Service Segmentation Insights:

Among the different types of cloud services, the Software-as-a-Service (SaaS) segment dominated the market in 2023, accounting for approximately 54% of the total revenue share. SaaS solutions are widely popular due to their ease of use and convenience. Businesses can access SaaS applications on demand without the need for complex installations or ongoing maintenance, making them attractive to organizations of all sizes, including startups and small businesses. Furthermore, SaaS applications are typically offered on a subscription basis, which provides a predictable and cost-effective model for companies to access the software they need. Another important advantage of SaaS solutions is that vendors regularly release updates and new features, ensuring that customers have access to the latest functionalities without needing to invest in additional IT resources. These factors have contributed to the significant growth of the SaaS segment in the cloud computing market.

The Infrastructure-as-a-Service (IaaS) segment, on the other hand, is projected to experience the fastest growth, with a CAGR of around 22% during the forecast period. IaaS is becoming a key driver in the cloud computing market due to the flexibility, scalability, and cost-efficiency it offers businesses. Unlike traditional on-premise infrastructure, IaaS allows companies to avoid large upfront investments in hardware and software. Instead, businesses can pay for the computing resources they need on a per-use basis, scaling up or down as required by their changing needs. This scalability is particularly beneficial for startups and businesses with fluctuating resource demands. Additionally, with IaaS, the responsibility of managing and maintaining the underlying infrastructure falls on the service provider, enabling IT teams to focus on more strategic tasks and high-level objectives, rather than spending time on routine maintenance. These factors make IaaS a highly attractive option for companies looking to optimize their IT infrastructure and increase operational efficiency.

In conclusion, the global cloud computing market is poised for significant growth, driven by the increasing adoption of cloud-based solutions by businesses seeking to improve efficiency, reduce costs, and enhance flexibility. The continued expansion of the SaaS and IaaS segments highlights the demand for user-friendly, scalable, and cost-effective solutions that can meet the evolving needs of companies in an increasingly digital world.

Order a free sample PDF of the Cloud Computing Market Intelligence Study, published by Grand View Research.

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Managed Cloud Services: Panacea for Enterprises

In today’s ever-evolving and fast-paced business landscape, organizations that do not keep up with technological advancements and seek innovative solutions will be left behind. Organizations across industry verticals in this digital era are relying more and more on new-age technologies, specifically cloud computing infrastructure to stay ahead of the curve.  Having existed for many decades now, cloud computing infrastructure continues to offer numerous business benefits to organizations of all sizes. 

Elasticity, scalability, pay-per-use model, streamlining of operations, and other advantages it brings lead to significant improvement in the organization’s bottom line.   

While cloud technology delivers several business advantages, managing and optimizing these services can be challenging and time-consuming as well.  Businesses have to depend on IT expertise and 24/7 support to efficiently leverage cloud services, but not all of them have the resources to house an internal IT team that can keep pace with the constantly evolving technology landscape. This is where managed service providers or MSPs can play a crucial role in supporting organizations to effectively and efficiently navigate the cloud landscape.  

Read More - https://apacnewsnetwork.com/2023/12/managed-cloud-services-panacea-for-enterprises/

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Cloud Computing Market Outlook and Forecast Report 2024 - 2030

The global cloud computing market size was estimated at USD 602.31 billion in 2023 and is expected to grow at a CAGR of 21.2% from 2024 to 2030. The market is on a fast track to expansion, fueled by a confluence of factors. Large enterprises are realizing the transformative power of cloud computing. By migrating to the cloud, they can streamline operations, improve agility, and unlock new levels of efficiency. This translates to significant performance gains across the organization.

The rise of hybrid and multi-cloud solutions is providing businesses with the flexibility and control they crave. Companies can now leverage the strengths of different cloud providers, creating a customized infrastructure solution that perfectly aligns with their specific needs. Furthermore, pay-as-you-go pricing models eliminate the upfront costs associated with traditional IT infrastructure, making cloud computing an attractive proposition for businesses of all sizes. This is particularly true in developing countries, where businesses are actively seeking ways to enhance their digital capabilities and compete on a global scale.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Cloud Computing Market Report Highlights

• Based on services, the Infrastructure as a Service (IaaS) segment is expected to grow at the fastest CAGR of around 22% over the forecast period. This surge is attributed to several factors. Businesses are increasingly turning to IaaS solutions to streamline their IT infrastructure, a trend fueled by the growing complexity of IT systems and the difficulty of finding qualified personnel to manage them

• Based on workload, the application development and testing segment is expected to witness the highest growth rate over the forecast period. The application development and testing workload in the market is experiencing significant growth due to several factors. Cloud platforms offer agility and scalability, allowing developers to provision and deploy resources needed for application creation quickly, which translates to faster development cycles and reduced time-to-market

• Based on deployment, the hybrid cloud deployment model is expected to be the frontrunner for growth in the market. Businesses across various industries are increasingly recognizing the benefits of hybrid models, including cost optimization, improved business models, faster application development, enhanced operational efficiency, and superior user experience

• The market is witnessing a surge in adoption among small and medium-sized businesses (SMEs). This segment is projected to experience the fastest growth, driven by several factors. Firstly, cloud solutions eliminate the need for expensive upfront investments in IT hardware and software, making them a budget-friendly option for SMEs. Secondly, cloud computing offers unparalleled scalability, allowing businesses to easily adjust their processing power and storage capacity as their needs evolve

• The manufacturing sector is anticipated to be the fastest-growing segment within the market from 2024 to 2030. 0This surge is driven by the numerous advantages cloud solutions offer manufacturers. Cloud-based systems enable seamless data management, providing real-time visibility into operations, inventory, and supply chain logistics. This empowers manufacturers to make data-driven decisions, optimize production processes, and ensure efficient resource allocation

• The Asia Pacific region is experiencing the most explosive growth in the market, fueled by a confluence of factors. Rapid economic development, surging internet penetration, and a tech-savvy population are creating a massive demand for digital solutions

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global IoT in utilities market size was estimated at USD 47.53 billion in 2023 and is expected to grow at a CAGR of 10.7% from 2024 to 2030. 

• The global legal bill review software market size was estimated at USD 1.46 billion in 2023 and is projected to grow at a CAGR of 10.9% from 2024 to 2030.

Cloud Computing Market Segmentation

Grand View Research has segmented the global cloud computing market based on service, deployment, workload, enterprise size, end-use, and region:

Cloud Computing Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Infrastructure as a service (IaaS)

• Platform as a service (PaaS)

• Software as a service (SaaS)

Cloud Computing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Public

• Private

• Hybrid

Cloud Computing Workload Outlook (Revenue, USD Billion, 2018 - 2030)

• Application Development & Testing

• Data Storage & Backup

• Resource Management

• Orchestration Services

• Others

Cloud Computing Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Cloud Computing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• IT & Telecom

• Retail & Consumer Goods

• Manufacturing

• Energy & Utilities

• Healthcare

• Media & Entertainment

• Government & Public Sector

• Others

Cloud Computing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

o United Arab Emirates (UAE)

o Saudi Arabia

o South Africa

Order a free sample PDF of the Cloud Computing Market Intelligence Study, published by Grand View Research.