Cloud services are infrastructure, platforms, or software that are hosted by third-party providers and made available to users through the internet. Cloud services facilitate the flow of user data from front-end clients (e.g. users servers, tablets, desktops, laptopsanything on the users ends), through the internet, to the providers systems, and back. Users can access cloud services with nothing more than a computer, operating system, and internet connectivity or virtual private network (VPN). All infrastructure, platforms, software, or technologies that users access through the internet without requiring additional software downloads can be considered cloud computing services. The Cloud Services industry can be broken down into several segments, SaaS, IaaS, PaaS, etc.
This report aims to provide a comprehensive presentation of the global market for Cloud Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud Services. This report contains market size and forecasts of Cloud Services in global, including the following market information:
Global Cloud Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Cloud Services market was valued at US$ 398480 million in 2022 and is projected to reach US$ 774200 million by 2029, at a CAGR of 10.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main Cloud Services players include Microsoft, Amazon Web Services, Oracle, etc. The top three Cloud Services players account for approximately 37% of the total global market. North America is the largest consumer market for Cloud Services, accounting for about 54%, followed by Asia-Pacific and Europe. In terms of Service Model, SaaS is the largest segment, with a share about 34%. And in terms of Application, the largest application is Banking, Financial Services, and Insurance (BFSI), followed by Telecommunications.
We surveyed the Cloud Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cloud Services Market, by Service Model, 2018-2023, 2024-2029 ($ millions)
Global Cloud Services Market Segment Percentages, by Service Model, 2022 (%)
- SaaS
- IaaS
- PaaS
- BPaaS
- DaaS
- Cloud Managed Services
- Cloud Professional Services
Global Cloud Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Cloud Services Market Segment Percentages, by Application, 2022 (%)
- BFSI
- Telecommunications
- IT and ITeS
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others
Global Cloud Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Cloud Services Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Cloud Services revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Cloud Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Microsoft
- Amazon Web Services
- Oracle
- IBM
- Salesforce
- Google
- Adobe
- Vmware
- SAP
- Accenture
- Alibaba
- ServiceNow
- Workday
- Wipro
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Cloud Services, market overview.
- Chapter 2: Global Cloud Services market size in revenue.
- Chapter 3: Detailed analysis of Cloud Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by service model, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Cloud Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
