Market Scenario
Cloud computing is a type of computing that provides services like servers, storage, databases, networking, software, analytics and other over internet (cloud). The companies offering cloud computing services are called as the cloud providers. There are three different types of cloud deployment models as public cloud, private cloud and hybrid cloud. The cloud services that are offered over a network which is open for public use are called as the public cloud services.
In this changing environment recently many businesses have moved to cloud technologies. The major drivers for the Public Cloud Service Market is immense benefits of cloud technologies. The public cloud services may be offered free or on a pay-per usage model and offers many features and benefits as ultimate scalability, cost effective models, reliability and others. Public cloud service market also include professional, consulting, support and maintenance and integration and design services.
Recent developments in IT and Innovation has increased the public cloud service market. Public cloud services are differentiated as Software as a Service, Platform as a Service and Infrastructure as a Service. Software as a Service occupies the largest market share and is still growing. In Software as a Service internet/web is used to deliver applications. These applications are managed by a third-party vendor. Software as a Service helps to use various applications without installing them on individual systems this is a key driver for software as a service market. Platform as a Service is used for development, testing and deployment of applications. Platform as a Service makes it quick, simple and cost effective. Infrastructure as a Service provides infrastructure as virtual machines, storage, networks and operating systems. Public cloud system is designed as multi-tenant environment so that a huge number of users can share computing resources at a same time.
The global Public Cloud Service Market is expected to grow at USD ~249 Billion by 2022, at ~4% of CAGR between 2016 and 2022.
Key Players:
The prominent players in the Public Cloud Service Market are - International Business Machines Corporation (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Hewlett-Packard (U.S.), Salesforce.com (U.S.), Oracle Corporation (U.S.), VMware, Inc.(U.S.) , Cisco Systems, Inc. (U.S.), Verizon Wireless (U.S.), and Rackspace Inc. (U.S.) among others.
Public Cloud Service Market Segmentation
The Public Cloud Service Market has been segmented on the basis of delivery model, vertical and end user. Looking through the delivery model it has been observed that software as a service (SaaS) has shown a substantial increase in Public Cloud Service sector. Considering the vertical of public cloud service the IT sector is the leading in Public Cloud Service market. Industries such as telecommunication, banking and insurance are showing a positive growth towards Public Cloud Service. The study reveals that public cloud service market is more at an enterprise level but the market trend shows that there would be an increase in small and medium businesses by the forecast period.
Market Research Analysis:
Market Research Future Analysis shows that there are many small organizations which are lagging as they are still figuring out ways to adopt the public cloud services into their IT strategy. But there is an expectation of sudden hike in public cloud service market in small and medium business over the forecast period. It has been observed that many companies are investing in innovation so as to adopt the trending cloud service. The major benefits of public cloud service are pay-as-per usage, flexibility, location independence and others. These factors would definitely increase the public cloud service market very soon.
On geographic basis, Public cloud service market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the public cloud service market. Many companies like IBM, Microsoft, Google and others headquartered in United States are the major contributors to the public cloud service. United States is the leading country in the public cloud service market. Study shows that Asia-pacific countries like Japan, South Korea, China and other would show a positive growth in the public cloud service market.
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Covid 19 Analysis on Public Cloud Market, By Cloud Computing (Cloud Billing, Cloud Communication Platform, Cloud Access Security, Cloud High Performance Computing and Cloud Infrastructure), By Service (SaaS, PaaS and IaaS), By Organization Size (Large Enterprises and Small & Medium Size Enterprises), By Industry (Manufacturing, BFSI, Healthcare, Retail, Government, Aerospace & Defence, IT & Telecommunication), By Region – Forecast to 2023Market Overview:The Covid 19 Analysis on Public Cloud Market is expected to exhibit a stellar 22.78% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
The report makes a close study of the major factors determining the global public cloud market’s growth trajectory and provides readers with a detailed assessment of the market to enable well-informed decision making in the market.The Covid 19 Analysis on Public Cloud Market is mainly driven by the growing demand for industrial automation and the growing reliance on digital data generation and gathering procedures in public sector industries such as BFSI.
This has driven the development of the public cloud market, especially in developed countries, over the last few years.
The growing use of mobile apps and websites in the banking and government sector is likely to remain one of the key drivers for the global public cloud market over the forecast period.The increasing government support to digitalization procedures all over the world has also led to a growing demand for public cloud facilities.
The growing adoption of IoT technology and solutions in emerging countries is likely to drive the demand from the public cloud market over the forecast period, as widespread adoption of IoT systems makes it more viable to install public cloud systems.
The growing demand for high-performance computing in several industries over the world is likely to be a major driver for the global public cloud market over the forecast period.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2291Regional AnalysisNorth America is likely to dominate the global public cloud market over the forecast period, followed by Europe.
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The perimeter protection systems can win high revenue for the market though the evaluation period.The service based segments of the perimeter protection market are Managed Services and professional services.
The professional services to thrive in the years to come.The end-user based segments of the perimeter protection market are Commercial, residential, government and defence, and industrial.
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