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, 2021 | Technology & Media

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. 

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?