Cloud Computing Market Outlook (2023 to 2033)

In 2023, the worldwide cloud computing market achieved a valuation of USD 579.58 billion, and it is anticipated to expand at a steady pace of 13.5% between 2023 and 2033, ultimately reaching an impressive value of USD 2,062.26 billion by 2033.

With the growing realization of the immense benefits of using public cloud computing platforms, the market has emerged as an important part of the global economic system. In the present world, there are several cloud computing service providers catering to a huge demand for various remote facilities.

What are the Different Market Dynamics Propelling the Global Cloud Computing Market?

Given the immense advantages of integrating cloud computing services, the global markets are nowadays providing cloud-based servers for small businesses for increasing their customer base.

  • Cloud computing architecture enables streamlined business operations and quick adaptation to the market.
  • Transitioning to a cloud-based infrastructure fuels global demand for cloud computing, improving efficiency and agility.
  • Integration of cloud computing systems streamlines technology use and drives behavioral changes among workers.
  • Increased accountability from various changes boosts deployment of cloud-based servers for small businesses.
  • Introduction of modern digital technologies like big data analytics and AI creates high demand for cloud computing in service-based industries worldwide.
  • Growing demand for scalability, flexibility, and cost-efficiency in IT infrastructure.
  • Rising need for data storage, processing, and analysis capabilities.
  • Emergence of edge computing and hybrid cloud solutions.
  • Growing reliance on Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) models.
  • Enhanced cybersecurity measures and data protection in cloud environments.

What are the Key Obstacles Impeding the Progress of Market Participants?

The following are likely to prove as challenges that participants are confronted with:

  • Security of data stored on open-source security storage platforms is a key concern for cloud computing providers.
  • External vulnerabilities pose risks to the stored data, potentially hindering market growth.
  • Regulations related to data privacy in cross-border security storage networks are a significant limitation for the global market for cloud computing.
  • Compliance with data privacy regulations beyond national borders presents challenges to wide market acceptance.
  • Dominance of leading cloud market companies based on brand value impacts customer acquisition for new companies.
  • Establishing a customer base in the face of industry giants like Google and Microsoft can be highly challenging for new cloud computing providers.
  • Competition from big players like Google Computing and Microsoft Edge Computing adds to the difficulties faced by new companies in their initial operations.
Attributes Details
Cloud Computing Market Value (2023) USD 579.58 billion
Cloud Computing Market Value (2033) USD 2,062.26 billion
Cloud Computing Market Growth Rate (2023 to 2033) 13.5 %.

What is Fueling the Cloud Computing Market?

Improving digital literacy around the world and the rapid adoption of digital applications for enhancing the user experience has compelled many service-based companies to blend in several features in their production systems.

This need for combining many different digital features is promoting the use of cloud computing platforms as a perfect model creating great opportunities for cloud computing providers.

The market is also getting high traction in the form of long-term subscriptions to personal cloud computing services these days. The establishment of many cloud computing industries in the global market has brought down computing costs considerably in the past years. The decreasing prices of cloud computing services are expected to surge the market for cloud computing from 2023 to 2033.

The use of the Google cloud platform or any other cloud computing platform has decreased the cost of production by reducing the requirement of hiring on-site employees. This stands as a prominent point for the high popularity of cloud computing services in the global market.

Segmentation Analysis

What is Contributing to the Leading Position of Software as a Service (SaaS) Sub-segment on the Basis of Service Type?

As per FMI study, the Software as a Service (SaaS) sub-segment led the market, holding a value share of 52.7% globally in 2022.

The rising enterprise demand is expected to accelerate the growth of the Software as a Service (SaaS) sector, driven by its simple deployment and low maintenance requirements. Its subscription-based model provides cost efficiencies by eliminating upfront infrastructure investments. SaaS sub segment also simplifies deployment and updates, relieving organizations of maintenance tasks.

By leveraging SaaS, organizations can focus on their core competencies and strategic goals. Outsourcing software functionality to SaaS providers allows businesses to allocate their resources and efforts toward their primary areas of expertise. This results in improved productivity and efficiency.

Which Deployment Model Segment of the Cloud Computing Market Holds a Substantial Share?

The applicability of cloud computing networks has covered a lot of areas in any economy. Most end users prefer the public cloud segment owing to its great affordability and easy availability of users. In the coming years, this segment is expected to continue its dominance over the cloud computing market share, where it accounted for 67.8% in 2022.

The private cloud deployment segment has also been analyzed to be gaining momentum with the introduction of some popular personal cloud computing products in the market. Individual customers mostly go for the best cloud backup for PC, which is anticipated to create some attractive opportunities for the market players.

What is the Performance of the Cloud Computing Industry in Different Geographical Regions?

Regions CAGR (2023 to 2033)
The United Kingdom (UK) 12.5%
China 13.7%
India 13.1%

What Elements Bolster North America's Unrivaled Supremacy in the Cloud Computing Industry?

By the broad geographical division of the global market for cloud computing, North America holds the significant share by contributing about 34.6% of the revenue as per the 2022 records.

Due to the presence of most of the leading companies such as Google computing, Amazon cloud services, Microsoft edge computing, and others, the market in the United States of America was accounted for 21.2% value share in 2022.

North America boasts a thriving business ecosystem, with several enterprises embracing cloud computing solutions. The region's mature market, entrepreneurial culture, and technological adoption contribute to its supremacy.

The regulatory environment in North America, characterized by clear data protection and privacy laws, fosters trust and confidence among businesses and consumers, facilitating the widespread adoption of cloud computing services.

What are the Prominent Drivers Fueling the Growth of the Cloud Computing Industry in the Asia Pacific Region?

During the forecast time period, the growth of Asia Pacific cloud computing market share is predicted to be high than in any other geographic region. The evolution of a robust IT sector and the emergence of new cloud market shareholders have provided the necessary impetus for a significantly growing market in the region.

In accordance with the FMI research, the market for cloud computing in China is estimated to account for a significant portion of market share, advancing at a CAGR of 13.7% and India at a rate of 13.1% from 2023 to 2033.

Asia Pacific region is witnessing a significant digital transformation across various industries. Organizations are adopting cloud computing to modernize their operations, enhance agility, and drive innovation.

What is the Prevailing Landscape and Market Position of Cloud Computing in Europe?

The growth of cloud computing providers in Europe and Latin America has also surged considerably in the past decade. With the growing demand for cloud computing services, the market is estimated to experience positive growth in these regions as well.

Europe cloud computing industry was forecasted to retain a value share of 22.4% on a global level. Europe has emerged as a significant player in the global cloud computing arena, witnessing substantial growth and adoption across various industries and sectors.

Moreover, key market players, both regional and global, have established a strong presence in Europe, offering a wide range of cloud services and solutions to cater to diverse customer needs. This competitive market environment fosters innovation, drives technological advancements, and fuels the continuous evolution of cloud computing in the region.

The demand for scalable and cost-effective IT infrastructure solutions is fostering the cloud computing market size in the United Kingdom, providing impetus to its growth rate of 12.5% from 2023 to 2033.

What is the Competitive Scenario for the Cloud Computing Industry?

features in their cloud computing services as per the changing working models and demands from users.

The giant cloud companies are also spending on establishing data storage centers at different world locations to diversify their security storage networks and speed up data transfer.

This constant evaluation process adopted by cloud computing agencies has improved the performance of public cloud computing platforms over the years. It is further anticipated to increase the number of cloud computing subscribers in the coming days.

What are the Main Approaches Embraced by Players in the Cloud Computing Market?

  • Embracing Multi-cloud Approach: Many players adopt a multi-cloud strategy, leveraging multiple cloud service providers to achieve enhanced performance, flexibility, and redundancy.
  • Offering Vertical-specific Solutions: Players focus on developing industry-specific cloud solutions tailored to the unique needs and requirements of different sectors, such as healthcare, finance, or retail.
  • Prioritizing Security and Compliance: Players invest in robust security measures, data encryption, and compliance certifications to address concerns related to data protection and regulatory requirements.
  • Enhancing Data Analytics Capabilities: Players integrate advanced analytics and machine learning technologies into their cloud offerings, enabling customers to gain valuable insights and make data-driven decisions.

What are the Recent Developments in the Field of Cloud Computing Industry?

  • The leading telecommunication company in the United States of America named, AT&T, signed an agreement with Microsoft Inc. in July 2021 from getting into a partnership. This partnership is anticipated to avail the Microsoft cloud computing platform for running the core parts of the 5G wireless network provided by AT&T.
  • In September 2021, Telefonica España and Oracle collaborated on the development of new communication services for consumers as well as telecom businesses over the Oracle Exadata Cloud.

Key Players Operating in the Cloud Computing Market

  • AWS
  • Microsoft
  • IBM
  • Salesforce
  • Google
  • Oracle
  • SAP
  • Alibaba Cloud
  • Adobe
  • Workday

Key Segments

By Service Model:

  • Infrastructure as a Service (IaaS)
    • Primary Storage
    • Disaster Recovery and Backup
    • Archiving
    • Compute
  • Platform as a Service (PaaS)
    • Application Development and Platforms
    • Application Testing and Quality
    • Analytics and Reporting
    • Integration and Orchestration
    • Data Management
  • Software as a Service (SaaS)
    • Customer Relationship Management (CRM)
    • Enterprise Resource Management (ERM)
    • Human Capital Management (HCM)
    • Content Management
    • Collaboration and Productive Suits
    • Supply Chain Management (SCM)
    • Business Intelligence and Analytics
    • PPM and Operations
    • Manufacturing Applications

By Deployment Model:

  • Public Model
  • Private Cloud

By Organization Size:

  • Small and Medium Sized Enterprises
  • Large Enterprises

By Vertical:

  • BFSI
  • Telecommunications
  • IT and ITeS
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Education
  • Travel and Hospitality
  • Transportation and Logistics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa (MEA)

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Model
    • 5.1. Infrastructure as a Service (IaaS)
      • 5.1.1. Primary Storage
      • 5.1.2. Disaster Recovery and Backup
      • 5.1.3. Archiving
      • 5.1.4. Compute
    • 5.2. Software as a Service (SaaS)
      • 5.2.1. Customer Relationship Management (CRM)
      • 5.2.2. Enterprise Resource Management (ERM)
      • 5.2.3. Human Capital Management (HCM)
      • 5.2.4. Content Management
      • 5.2.5. Collaboration and Productive Suites
      • 5.2.6. Supply Chain Management (SCM)
      • 5.2.7. Business Intelligence and Analytics
      • 5.2.8. PPM and Operations
      • 5.2.9. Manufacturing Applications
    • 5.3. Platform as a Service (PaaS)
      • 5.3.1. Application Development and Platforms
      • 5.3.2. Application Testing and Quality
      • 5.3.3. Analytics and Reporting
      • 5.3.4. Integration and Orchestration
      • 5.3.5. Data Management
  • 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Model
    • 6.1. Public Model
    • 6.2. Private Cloud
  • 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size
    • 7.1. Small and Medium-Sized Enterprises
    • 7.2. Large Enterprises
  • 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical
    • 8.1. BFSI
    • 8.2. Telecommunications
    • 8.3. IT and ITeS
    • 8.4. Government and Public Sector
    • 8.5. Retail and Consumer Goods
    • 8.6. Manufacturing
    • 8.7. Energy and Utilities
    • 8.8. Media and Entertainment
    • 8.9. Healthcare and Life Sciences
    • 8.10. Education
    • 8.11. Travel and Hospitality
    • 8.12. Others
  • 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    • 9.1. North America
    • 9.2. Latin America
    • 9.3. Europe
    • 9.4. South Asia
    • 9.5. East Asia
    • 9.6. Oceania
    • 9.7. MEA (Middle East and Africa)
  • 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 17. Key Countries Market Analysis
  • 18. Market Structure Analysis
  • 19. Competition Analysis
    • 19.1. AWS
    • 19.2. Microsoft
    • 19.3. IBM
    • 19.4. Salesforce
    • 19.5. Google
    • 19.6. Oracle
    • 19.7. SAP
    • 19.8. Alibaba Cloud
    • 19.9. Adobe
    • 19.10. Workday
  • 20. Assumptions & Acronyms Used
  • 21. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 4: Global Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 6: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 8: North America Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 10: North America Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 11: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 12: Latin America Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 14: Latin America Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 16: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 17: Europe Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 18: Europe Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 20: Europe Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 21: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 22: South Asia Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 23: South Asia Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 24: South Asia Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 25: South Asia Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 26: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 27: East Asia Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 28: East Asia Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 29: East Asia Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 30: East Asia Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 31: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: Oceania Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 33: Oceania Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 34: Oceania Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 35: Oceania Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 36: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 37: MEA Market Value (US$ Million) Forecast by Service Model, 2018 to 2033

Table 38: MEA Market Value (US$ Million) Forecast by Deployment Model, 2018 to 2033

Table 39: MEA Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033

Table 40: MEA Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

List of Figures

Figure 1: Global Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 6: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 13: Global Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 14: Global Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 15: Global Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 16: Global Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 17: Global Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 18: Global Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 21: Global Market Attractiveness by Service Model, 2023 to 2033

Figure 22: Global Market Attractiveness by Deployment Model, 2023 to 2033

Figure 23: Global Market Attractiveness by Organization Size, 2023 to 2033

Figure 24: Global Market Attractiveness by Vertical, 2023 to 2033

Figure 25: Global Market Attractiveness by Region, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 29: North America Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 30: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 31: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 34: North America Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 38: North America Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 39: North America Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 40: North America Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 41: North America Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 42: North America Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 43: North America Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 44: North America Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 45: North America Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 46: North America Market Attractiveness by Service Model, 2023 to 2033

Figure 47: North America Market Attractiveness by Deployment Model, 2023 to 2033

Figure 48: North America Market Attractiveness by Organization Size, 2023 to 2033

Figure 49: North America Market Attractiveness by Vertical, 2023 to 2033

Figure 50: North America Market Attractiveness by Country, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 54: Latin America Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 55: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 56: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 59: Latin America Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 60: Latin America Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 62: Latin America Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 66: Latin America Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 67: Latin America Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 68: Latin America Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 69: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 70: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Service Model, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Deployment Model, 2023 to 2033

Figure 73: Latin America Market Attractiveness by Organization Size, 2023 to 2033

Figure 74: Latin America Market Attractiveness by Vertical, 2023 to 2033

Figure 75: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 78: Europe Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 79: Europe Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 80: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 84: Europe Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 85: Europe Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 86: Europe Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 87: Europe Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 88: Europe Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 89: Europe Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 90: Europe Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 93: Europe Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 94: Europe Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 95: Europe Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 96: Europe Market Attractiveness by Service Model, 2023 to 2033

Figure 97: Europe Market Attractiveness by Deployment Model, 2023 to 2033

Figure 98: Europe Market Attractiveness by Organization Size, 2023 to 2033

Figure 99: Europe Market Attractiveness by Vertical, 2023 to 2033

Figure 100: Europe Market Attractiveness by Country, 2023 to 2033

Figure 101: South Asia Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 102: South Asia Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 103: South Asia Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 104: South Asia Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 105: South Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 106: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 107: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 108: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 109: South Asia Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 110: South Asia Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 111: South Asia Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 112: South Asia Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 113: South Asia Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 114: South Asia Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 115: South Asia Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 116: South Asia Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 117: South Asia Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 118: South Asia Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 119: South Asia Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 120: South Asia Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 121: South Asia Market Attractiveness by Service Model, 2023 to 2033

Figure 122: South Asia Market Attractiveness by Deployment Model, 2023 to 2033

Figure 123: South Asia Market Attractiveness by Organization Size, 2023 to 2033

Figure 124: South Asia Market Attractiveness by Vertical, 2023 to 2033

Figure 125: South Asia Market Attractiveness by Country, 2023 to 2033

Figure 126: East Asia Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 127: East Asia Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 128: East Asia Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 129: East Asia Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 130: East Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 131: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 132: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 134: East Asia Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 137: East Asia Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 138: East Asia Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 139: East Asia Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 140: East Asia Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 141: East Asia Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 142: East Asia Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 143: East Asia Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 144: East Asia Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 145: East Asia Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 146: East Asia Market Attractiveness by Service Model, 2023 to 2033

Figure 147: East Asia Market Attractiveness by Deployment Model, 2023 to 2033

Figure 148: East Asia Market Attractiveness by Organization Size, 2023 to 2033

Figure 149: East Asia Market Attractiveness by Vertical, 2023 to 2033

Figure 150: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 151: Oceania Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 152: Oceania Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 153: Oceania Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 154: Oceania Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 155: Oceania Market Value (US$ Million) by Country, 2023 to 2033

Figure 156: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 157: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 158: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 159: Oceania Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 160: Oceania Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 161: Oceania Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 162: Oceania Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 163: Oceania Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 164: Oceania Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 165: Oceania Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 166: Oceania Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 167: Oceania Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 168: Oceania Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 169: Oceania Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 170: Oceania Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 171: Oceania Market Attractiveness by Service Model, 2023 to 2033

Figure 172: Oceania Market Attractiveness by Deployment Model, 2023 to 2033

Figure 173: Oceania Market Attractiveness by Organization Size, 2023 to 2033

Figure 174: Oceania Market Attractiveness by Vertical, 2023 to 2033

Figure 175: Oceania Market Attractiveness by Country, 2023 to 2033

Figure 176: MEA Market Value (US$ Million) by Service Model, 2023 to 2033

Figure 177: MEA Market Value (US$ Million) by Deployment Model, 2023 to 2033

Figure 178: MEA Market Value (US$ Million) by Organization Size, 2023 to 2033

Figure 179: MEA Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 180: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 181: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 182: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 183: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 184: MEA Market Value (US$ Million) Analysis by Service Model, 2018 to 2033

Figure 185: MEA Market Value Share (%) and BPS Analysis by Service Model, 2023 to 2033

Figure 186: MEA Market Y-o-Y Growth (%) Projections by Service Model, 2023 to 2033

Figure 187: MEA Market Value (US$ Million) Analysis by Deployment Model, 2018 to 2033

Figure 188: MEA Market Value Share (%) and BPS Analysis by Deployment Model, 2023 to 2033

Figure 189: MEA Market Y-o-Y Growth (%) Projections by Deployment Model, 2023 to 2033

Figure 190: MEA Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033

Figure 191: MEA Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033

Figure 192: MEA Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033

Figure 193: MEA Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 194: MEA Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 195: MEA Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 196: MEA Market Attractiveness by Service Model, 2023 to 2033

Figure 197: MEA Market Attractiveness by Deployment Model, 2023 to 2033

Figure 198: MEA Market Attractiveness by Organization Size, 2023 to 2033

Figure 199: MEA Market Attractiveness by Vertical, 2023 to 2033

Figure 200: MEA Market Attractiveness by Country, 2023 to 2033

Frequently Asked Questions

What is the Cloud Computing Market Value in 2023?

The market is valued at USD 579.5 billion in 2023.

What is the Estimated Growth Outlook of the Market?

The market is estimated to expand at a CAGR of 13.5%.

Who are the Top Market Players?

AWS, Microsoft, and IBM are the top market players.

What Opportunities Await the Market Players?

Technological advancements to boost the market prospects.

Which is the Key Segment By Service Model?

The software-as-a-serice segment is likely to remain preferred through 2033.

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