Cloud Computing Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, Latest Trends &…

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors operating in the market are adopting various marketing and growth strategies such as competitive pricing to compete in the market.

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE are some of the key vendors of this market. Vendors are competing to maintain their market position in the market.

Vendors are also trying to expand their market presence and strengthen their product portfolio by entering partnerships and launching new and innovative products.

For instance,In October 2020, Oracle Corplaunched the Oracle Cloud Observability and Management platform, which is a suite of services to enable better visibility and insight across both cloud-native and traditional technologies, whether deployed in multi-cloud or on-premises environments

View moreabout the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

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Regional Market Outlook

North America is leading the market with a contribution of 40% to the overall market in 2020 and would increase its contribution to a notable number of the global cloud computing market by 2025.The rising adoption of cloud solutions from various end-user industrieswill facilitate thecloud computing market growth in North America over the forecast period.

Download our FREE sample reportfor more key highlights on the regional market share of most of the above-mentioned countries.

Latest TrendsDriving the Global cloud computing market

SMEs have started opting for public solutions to scale up or scale down the hardware and resources. Apart from CAPEX reduction, cloud computing solutions can facilitate faster storage, processing, and communication lines. Clouds also enable the deployment of applications without the need for provisioning hosting capabilities. Cloud services provide security, facilitate optimum use of resources, and provide the reliability of a normal dedicated server and cloud resources.

The increased inclination for private cloud solutions for enhanced data security is another major factor supporting the cloud computing market share growth. Security and compliance concerns have been among the primary reasons for unwillingness among organizations to adopt a public cloud solution. There are also many regulations, such as the GDPR in Europe, which impose certain restrictions on where the data can be stored.

A private cloud offers cloud storage resources to a single enterprise or organization. The resources such as storage, servers, and network are not accessible from outside the enterprise network, and they only hold data related to a single business entity. Therefore, a private cloud offers a greater degree of security and control than a public cloud platform

Find additional information about various other market drivers & Trends mentioned in our FREE sample report.

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Cloud Computing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of over 17%

Market growth 2021-2025

USD 287.03 billion

Market structure

Fragmented

YoY growth (%)

20.37

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization preview

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[emailprotected]Website:www.technavio.com/

SOURCE Technavio

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