Top 10 Cloud Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Top 10 Cloud Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : November, 2020 | Technology & Media | PPT format

Report Digest


Global Top 10 Cloud Technology Market: Snapshot

Cloud computing is a type of computing that involves the use of the Internet to allow for the transfer and storage of data as well as the processing of data by the users, on remote servers. The use of data processing tools based on other devices is currently a highly sought-after technology that provides massive advantages to users in terms of savings in time, space, and money. Cloud computing today involves on-demand services that are provided through shared resources in computing technologies. These resources can be swiftly released or provisioned and doing so needs very little effort from the management aspect.

The top cloud computing technologies can provide clients, users, and enterprises with the option to process as well as store critical data in privately owned clouds, or even shared clouds with other clients, users, or enterprises. Security is a key concern in cloud computing, something that is receiving a high degree of attention from the providers of cloud computing technologies. The reinforcement of safe and secure data storage and processing services is likely to create a higher volume of demand for cloud computing over the coming years which also drive Top 10 Cloud Technology Market.

Global Top 10 Cloud Technology Market: Overview 

In general terms, cloud computing is the delivery of hosted services over the Internet. Rather than maintaining and building an in-house computing infrastructure, cloud computing enables companies to use resources of compute, such as machines, storage or an application. Pay-per use, self-service provisioning, and elasticity are the key benefits of cloud computing that can be availed by businesses and end users. Cloud migration, cloud analytics hybrid cloud, cloud orchestration, cloud storage, Integration Platform-as-a-Service (iPaaS), multi cloud management, Disaster Recovery-as-a-Service (DRaaS), Video-as-a-Service (VaaS), and Wi-Fi-as-a-Service are the major cloud technologies. 

Global Top 10 Cloud Technology Market: Key Trends

Through a massive shift to cloud, organizations and businesses are able to move their computing resources such as databases, infrastructure, applications, platforms, and email onto the cloud. It assists in lowering the costs, aids in recovering files, speeds operations, and manages other mission-critical tasks. It also enables business continuity while shifting workload to the virtual environment from the data center. Faster deployment, agility, mobility, scalability, lower total cost of ownership, and business continuity are the major drivers of cloud migration. 

The exponential growth of digital services and their applications, along with the increasing need of business enterprises for greater scalability and flexibility, has augmented the implementation of hybrid cloud services and solutions, thereby driving the demand for cloud technology. 

Global Top 10 Cloud Technology Market: Market Potential

More and more organizations and end-use industries are resorting to cloud computing. Several health organizations digitize their abundant data and are on a constant lookout for cloud providers to help them understand the scalability of cloud environments without foregoing compliance and security controls. As per a report by SADA Systems – a premier business and technology consulting firm and cloud partner, 58% of healthcare organizations globally that are not using cloud today are likely to do so in the next two years, while 95% of healthcare organizations using cloud today propose to increase their cloud usage. 

Recently it was announced that by late 2018, Belarusian government agencies will start using beCloud’s cloud computing platform. After signing relevant documents, all government agencies have to migrate to the beCloud platform. Over 60 government organizations and agencies are required to make the switch. 

However, many federal agencies are not in sync with the given cloud computing advantage and find that such migration has little or no impact on functionality. It is causing newer applications to load slowly, become non-intuitive, and above all, difficult to work with. According to the findings of Deloitte and the Government Business Council (GBC), many employees from major government, defense, and civilian agencies have reported that cloud computing had no obvious influence or any impact on their organization.

Global Top 10 Cloud Technology Market: Regional Outlook

North America, especially the U.S., accounted for a large share in the Top 10 Cloud Technology Market in 2015. Collaborations, content and communications along with customer relationship management are the key drivers for the growth of the regional Top 10 Cloud Technology Market during the forecast period. However, as the market in North America is nearing maturity, various industry players are venturing into the emerging markets of the Middle East, hence boosting the market for cloud technology. 

The Middle East is fast becoming a lucrative Top 10 Cloud Technology Market. Under the paid-subscription category, numerous organizations have started implementing cloud-based applications that do not require any downloading or upgrading nor is there any need to maintain any servers. To be at par with IT developed nations, governments in the Middle East have largely invested in the development of IT skills to help solution providers to tackle the dearth of skilled professionals in the region.

Global Top 10 Cloud Technology Market: Competitive Analysis

Some of the prominent players operating in the global Top 10 Cloud Technology Market are IBM Corporation, Cisco Systems, Inc., VMware, Inc., Amazon Web Services, Microsoft Corporation, Oracle Corporation, HP Enterprise, Rackspace Hosting, Inc., Google, Inc., and SAP SE. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?