Cloud Computing Market Size to Surpass US $ 1727.9 Billion by 2029 | Major Leading Players & Industry News Analysis

Luton, Bedfordshire, United Kingdom – Cloud Computing Market by service model (IaaS, PaaS and SaaS), by deployment model (Public, Private, Hybrid), by end user (BFSI, IT & Telecom, Retail & Consumer Goods) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2022 to 2029

The global Cloud Computing Market report covers share, size, and forecast by top players, regions, applications, and product types, and forecast from 2023 to 2029, along with historical data. The Cloud Computing Market study covers in-depth insights on competitive scenario, description, wide product portfolio of key vendors, SWOT analysis, business strategy adopted by competitors, revenue, Porter’s Five Forces Analysis, and sales estimates. The report’s primary objective is to supply a further illustration of the newest scenario, economic slowdown, and War situations impact on the overall industry and exhaustive scope to cover all the possible segments helping every stakeholder in the market.

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The global Cloud Computing Market was valued at over 545.8 Billion in 2022. The market is expected to see significant growth over the coming years, with a market value of over USD 1727.9 Billion by 2029, growing at a CAGR of 17.9% during the forecast period (2023 to 2029).

What Is Cloud Computing? | Scout Technology Guides

Cloud computing is a technology that involves the use of remote servers, accessed through the internet, to store, manage, and process data and applications. It enables users to access and use computing resources on-demand, without the need for owning or maintaining physical infrastructure.

In cloud computing, data and applications are hosted and managed by service providers, who maintain a network of servers and storage devices. Users can access these resources and utilize them as needed, paying for the services they use, typically on a subscription basis.

Cloud computing offers several benefits, including:

  1. Scalability: It allows users to scale up or down their computing resources according to their needs. They can easily increase or decrease storage, processing power, and memory as required.
  2. Flexibility: Cloud computing provides users with the flexibility to access their data and applications from anywhere, using any device with an internet connection. This promotes remote work, collaboration, and mobility.
  3. Cost-effectiveness: Users can avoid the expenses associated with purchasing, maintaining, and upgrading physical infrastructure. They can instead leverage cloud services and pay only for what they use, reducing capital expenditure.
  4. Reliability and Security: Cloud service providers typically offer robust security measures, backups, and disaster recovery options. This ensures the safety and availability of data, minimizing the risk of data loss or system failures.
  5. Collaboration: Cloud computing facilitates collaboration by allowing multiple users to access and work on the same files and applications simultaneously. This promotes teamwork and enhances productivity.

What to Expect in Our Report?

(1) A complete section of the Cloud Computing Market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Cloud Computing Market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Cloud Computing Market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Cloud Computing Market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Cloud Computing Market report.

Key Market Players:

Key players in the Cloud Computing Market include AWS, Microsoft, IBM, Google, Alibaba Cloud, SAP, Salesforce, Oracle, Adobe, Workday, Fujitsu, VMWare, Rackspace, DXC, Tencent, NEC, Digital Ocean, Joyent, Virtustream, Skytap, OVH, Bluelock, Navisite, CenturyLink, Infor, Sage, Intuit, OpenText, Cisco, Box, Zoho, Citrix, Epicor, Upland Software, ServiceNow, and IFS, and Others. These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, and mergers and acquisitions to strengthen their position in the market.

Segments Covered in the Report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

Cloud Computing Market By Service Model, 2020-2029, (USD Billion)

  • IAAS
  • PAAS
  • SAAS

Cloud Computing Market By Deployment Model, 2020-2029, (USD Billion)

  • Public
  • Private
  • Hybrid

Cloud Computing Market By End User, 2022-2029, (USD Billion)

  • BFSI
  • It & Telecom
  • Retail & Consumer Goods

Cloud Computing Market By Regions, 2022-2029, (USD Billion)

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa

To know about the assumptions considered for the study download the pdf brochure

Some of the Key Questions Answered in this Report:

  • What focused approach and constraints are holding the Cloud Computing Market demand?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What trends, challenges and barriers will impact the development and sizing of the Global Market?
  • Detailed Overview of Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Market forecast for global Cloud Computing Market split into segments like region, product, applications, end-user, technology, etc.
  • What is the Cloud Computing Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?

Market Dynamics

The Cloud Computing Market variables explored for estimating the market valuation are growth engines, hurdles, opportunities, and threats. These variables and their role in predicting the ups and downs of the industry make the majority of the report. They are used in sizing the value of segments and sub-segments of the market. Moreover, the insights gleaned through astute market research are based on proven methodologies such as Porter’s Five Forces model and can prevent investment mistakes.


The segments and sub-segments within the Cloud Computing Market are highlighted and expounded in detail with value and growth revenue predictions. The estimations are gained from a SWOT analysis conducted by research analysts and based on the demand-supply chain, consumer sentiment, brand acceptance, and socio-economic factors. Government policies and their impact on the segments are taken into consideration.

Regional Outlook

Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Research Methodology

The research methodology contains Cloud Computing Market research conducted in two major steps – primary and secondary research. Primary research comprises raw information acquired from interviews with subject matter experts, corporate executives, and decision-makers of major companies. The focus on qualitative and quantitative research by cross-checking the primary data against fact-checking websites and trustworthy databases comes under secondary research.

Competition Landscape

The competition is analysed with regard to the concentration of players. The Cloud Computing Market trends and patterns are studied and strategies are formulated to navigate through various obstacles and unforeseen circumstances. Expansions, agreements, partnerships, mergers, acquisitions, and collaborations are strategies considered by the players to stay afloat in the industry. The range of products is benchmarked and sized according to features, consumer demand, and price.

Table of Content (TOC):

1. Executive Summary | Cloud Computing Market

1.1. United States Market Outlook

1.2. Regional Market Outlook

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Development Trends

4. Market Demand (in Value US$ Billion) Analysis 2018 to 2022 and Forecast, 2023 to 2029

4.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Value (US$ million) Projections, 2023 to 2029

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Market Background

5.1. Key Perspectives: What Industry Leaders Are Saying?

5.2. Porter’s Five Forces Analysis

5.3. Macro-Economic Factors

5.4. Forecast Factors – Relevance & Impact

6. Impact of Covid-19 On Cloud Computing Market

6.1. Analysis on Impact of Covid-10 On The Market

6.2. Strategic Decisions for Manufactures after Covid-19 To Gain Competitive Market Share

6.3. Impact on Price, Demand & Supply

6.4. Conclusion

7. Global Cloud Computing Market by Region (USD Millions) (Kilotons)

8. Company Profiles*(Business Overview, Company Snapshot, Products Offered, Recent Developments)

TOC Continued…!

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