Public Cloud Application Services Market

2020 Analysis and Review Public Cloud Application Services Market by Application - Business Intelligence Application, Customer Relationship Management, Digital Content Application, ERP Application, Enterprise Content Management, Office Suites and Others for 2020 - 2030

Business Intelligence Application Segment to cement its Dominance in The Global Public Cloud Application market in The Coming Years

Public cloud computing utilizes cloud computing technologies to give services and support customers that are external to the service provider’s organization. Such services are gained via the World Wide Web and are different from a private cloud where services are set up for only the internal use of any organization.

There are many reasons why companies are now opting for a public cloud. Fastest access to novel resources related to computing is one of the main advantages of using a public cloud.

Public cloud services are also scalable, and it allows the companies to scale up their usage as the demand for services surges. A public cloud is a type of cloud computing service that provides resources such as virtual machines (VMs), applications or storage services available to the general public through the internet. Public cloud application services may be offered for free or on a pay-per-usage model.

East Asia Offer Lucrative Growth Opportunities

In the past few years, public cloud application has witnessed significant growth in European and Asian countries. Counties in these regions, such as, South Korea, China, and Japan, have increasing enterprise strategies to integrate legacy systems with cloud platform. This creates potential demand for advanced industrial domains in these regions and therefore, key players in the public cloud application market are focusing on increased adoption of hybrid cloud to manage huge workloads.

Public cloud application services market is experiencing a robust growth all over the world. The chief reason regarding this are the facilities and ease of operations that are facilitated by the adoption of cloud computing. Public cloud computing utilizes cloud computing technologies to give services and support customers that are external to the service provider’s organization. Such services are gained via the World Wide Web and are different from a private cloud where services are set up for only the internal use of any organization.

There are many reasons why companies are now opting for public cloud. Fastest access to novel resources related to computing is one of the main advantages of using a public cloud. Public cloud services are also scalable, and it allows the companies to scale up their usage as the demand for services surges. Public cloud services are generally more dependable than in-house data centres. Public cloud also offers the advantage of cost savings, as companies only have to get those type of resources which they need at that particular point of time and don’t have to opt for excess capacity.

Accessing public cloud services allows companies to opt for a workforce that is mobile in the true sense and to connect branches that are situated in diverse geographical regions, since the public cloud services can be accessed through the internet. Due to such benefits of public cloud computing, the market for the same is growing leap and bounds.

A public cloud is a type of cloud computing service that provides resources such as virtual machines (VMs), applications or storage services available to general public through the internet. Public cloud application services may be offered for free or on a pay-per-usage model.

As per the assessment of Future Market Insights, the global public cloud application services market is forecasted to reach a figure of about US$ 130,550 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.

North America Market Set to Dominate the Global Public Cloud Application Services Market in Terms of Revenue

The market in North America is set to dominate the global public cloud application services market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America public cloud application services market is the most attractive market, growing at a robust CAGR over the forecast period.

Business Intelligence Application Segment Poised to Touch a Value of Nearly US$ 6,730 Mn in 2022

As per the assessment of Future Market Insights, the business intelligence application segment is expected to reach a value of nearly US$ 6,730 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022.The business intelligence application segment is expected to have a reduced market share by the end of the year 2022.

Government Segment to exhibit a CAGR of 19.4% During the Assessment Period

As per the assessment of Future Market Insights, the government segment is slated to touch a figure of about US$ 15,500 Mn in the year 2022. This represents a CAGR of 19.4% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global public cloud application services market through 2022, which include Amazon Web Services Inc., Alphabet, Inc., International Business Machines Corp., Microsoft Corporation, Oracle Corp., NetSuite, Inc., Salesforce.com, Inc., Adobe Systems, Inc., SAP SE and Cisco Systems, Inc.

FREQUENTLY ASKED QUESTIONS ABOUT PUBLIC CLOUD APPLICATION MARKET

What are the future prospects of public cloud application market?

The public cloud application provider are continually focusing on providing advanced public cloud application by leveraging the security innovation and more modern technologies to enhance and expand their application portfolio with strong government support for promoting public cloud adoption.

What are the major challenges for Public Cloud Application market?

Threat of data breaches and cyber-attacks, and performance issues and system downtimes, which is a major challenge for the Public Cloud Application market.

Which application will have significant revenue growth in the next five years?

The business intelligence application segment has been considered as largest revenue growth in the next five years due to the offering various benefits such as data optimization, data security, ease of integration, reduced implementation time, among others.

What are the major opportunities for public cloud application market?

Cloudy-education for improving efficiency, cost and convenience for the educational sector, which is a major opportunities for the public cloud application market

Which region is expected to be at forefront in the Public Cloud Application market?

The growing concerns regarding digitalization, internet connectivity, infrastructure, and IT outsourcing have increased the use of public cloud technology, which is, in turn, boosting the growth of the public cloud application market in East Asia.

Who are the major companies leading Public Cloud Application market?

Prominent companies in the Public Cloud Application market includes Amazon Web Service Inc., Alphabet, Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Netsuite Inc., Salesforce.com, Inc.,  Adobe Systems Inc., SAP SE, Cisco Systems Inc., and among others.

Public Cloud Application Services Market: Segmentation

The global Public Cloud Application Services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Application

  • Business Intelligence Application
  • Customer Relationship Management
  • Digital Content Application
  • ERP Application
  • Enterprise Content Management
  • Office Suites
  • Project Management
  • Supply Chain Management
  • Social Software Suites
  • Application Software

By Enterprise

  • Large Enterprise
  • Small & Medium Enterprise

By Vertical

  • Government
  • BFSI
  • Healthcare
  • Telecommunication
  • Media & Entertainment
  • Energy & Utilities
  • Retail/ Wholesale
  • Manufacturing
  • Transportation
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

Need specific information?

In the news

How Businesses Can Utilize Market Research to Create Reactive, Recession-proof Strategies for Survival

by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights

Our Clients

View Our Reports from Technology

View Reports

Recommendations

Public Cloud Application Services Market