Cloud Computing Market - Forecast(2021 - 2026)

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Cloud Computing Market Overview

Cloud Computing Market size in 2020 is estimated at $283 billion, growing at a CAGR of 12.8% during the forecast period 2021-2026. Cloud computing is one of the most commonly used applications in healthcare, BFSI and IT sectors. Cloud edge computing makes electronic medical record-sharing easier and safer and increases the efficiency of the industry. The rising demand for cloud-based information systems and technological advancement are the major factors driving the growth of the market. Moreover, use of cloud computing provides better collaborative workforce, offering cloud storage and provides lowering of costs further enhancing the overall market demand for Cloud Computing during the forecast period. Although cloud computing is employed in many applications through Infrastructure as a Service, Platform as a Service and Software as a Service models, the high initial cost and the maintenance cost act as the hindering factor for the cloud computing market. Moreover the cloud computing forces businesses to grapple with the same network security models and the physical security parameters for more remote servers in which security footprints and the traffic patterns are accessible to everyone thereby hindering the security of the database and acting as a challenge. 

Report Coverage

The report: “Cloud Computing Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cloud Computing Market:

By Organization Size: SME, Large Enterprises
By Component: IaaS, PaaS, SaaS
By Deployment: Public Cloud, Private Cloud
By End-Use: BFSI, IT and ITES, Healthcare, Government, Energy and Utilities, Manufacturing, Media and Entertainment, Retail and Consumer Goods and Others
By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

Key Takeaways

  • In 2020, North America dominates the Cloud Computing market owing to continuous technological advancements in the Cloud Computing solution and supportive regulatory scenario.
  • Rising demand for cloud-based information systems and technological advancement is driving the market growth of Cloud Computing. 
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Cloud Computing market report.
  • Data security and integrity issues are challenging the growth of the market.

Cloud Computing Market, By Geography, 2020 

Cloud Computing Market, By Geography
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Cloud Computing Market Segment Analysis – By Application

Based on the Application, Cloud Computing Market is segmented into Clinical Information Systems, Non-Clinical Information Systems. The clinical information systems segment is forecast to be the fastest-growing segment and is estimated to grow at a CAGR of 10.1% during the forecast period 2021-2026. This is mainly owing to increasing demand for maintaining data generated from doctors and physicians. Moreover, clinical information system is designed specifically for the critical care environment such as Intensive care unit (ICU) that are contributing the growth of this segment. BFSI sector is analyzed to grow at significant rate due to the increasing adoption of mobile banking initiatives, advanced platforms including block chain and so on, contributing to the increase in demand for Cloud Computing in BFSI industry. Moreover the growth of smartphones along with the increase in deployment of mobile payment apps are further fueling for the Cloud computing market. 

Cloud Computing Market Segment Analysis – By Deployment

Based on the Deployment, Cloud Computing Market is segmented into Public Cloud, Private Cloud. In 2020, public cloud held the largest share in the Cloud Computing market at 71%. This is mainly owing to improve security, saving time and saving money. Moreover, it provides a quick and easy setup and requires no maintenance is also contributing to the growth of this segment. The employment of IoT in various industries including automotive, manufacturing, retail, transportation, energy and so on has been analyzed to drive the market. IoT is employed in these industries as it provides real time information, improves operational efficiency, optimization in production, and other benefits that impact the efficiency of the industry and further contributing as the driving factor for the cloud computing market. G.E has stated that employment of Industrial IoT has 44% impact on global energy consumption. Therefore the employment of IoT in industries is analyzed to be a driving factor for cloud computing market during forecast period 2021-2026. 

Cloud Computing Market Segment Analysis – By Geography

North America dominated the Cloud Computing market share accounting for 40.4% of the market in 2020. This is mainly owing to continuous technological advancements in the Cloud Computing solution and supportive regulatory scenario. According to American Hospital Association, the healthcare system in the U.S. has increasing the demand of cloud computing services for delivery of better healthcare services. However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2021-2026. This is owing to increasing geriatric population, advancement in healthcare infrastructure and rising awareness among people about disease.

Cloud Computing Market Drivers

Rising Demand for Cloud-Based Information Systems

Rising demand for cloud-based information systems and high-power analytics in the cloud are some factors driving the growth of Cloud Computing market. Moreover, usage of cloud reduces cost and improves scalability, storage and flexibility are also set to increase the market growth.

Technological Advancements

Rising adoption of information technology in the healthcare sector are some factors driving the growth of the market. Moreover, growing technological evolution in the medical industry and adoption of advanced technology such as machine learning which is easier in cloud system further contributing the growth of Cloud Computing market. 

Cloud Computing Market Challenges

Data Security Issues

Data security and integrity issues are challenging the growth of the market. Moreover, unavailability of proper healthcare infrastructure and lack of interoperability and industry standards are further restraining its market growth during the forecast period 2021-2026. 

Cloud Computing Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Cloud Computing Market. Cloud Computing top companies are Microsoft (US), AWS (US), Salesforce (US), Oracle (US), SAP (Germany), Google (US), Workday (US), Adobe (US) and IBM. 

Acquisitions/Product Launches

  • In July 2019, Humana invests in ClearData’s $26M funding round for health care cloud computing.
  • In February 2019, Veritas Captial finalizes athenahealth acquisition for $5.7 billion.

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1. Cloud Computing Market - Overview
    1.1 Definitions and Scope
2. Cloud Computing Market - Executive summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by type of Application
    2.3 Key Trends segmented by Geography
3. Cloud Computing Market
    3.1 Comparative analysis
        3.1.1 Product Benchmarking - Top 10 companies
        3.1.2 Top 5 Financials Analysis
        3.1.3 Market Value split by Top 10 companies
        3.1.4 Patent Analysis - Top 10 companies
        3.1.5 Pricing Analysis
4. Cloud Computing Market - Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Cloud Computing Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Cloud Computing Market Forces
    6.1 Drivers
    6.2 Constraints
    6.3 Challenges
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Cloud Computing Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Market Share
8. Cloud Computing Market - By Component (Market Size -$Million / $Billion)
    8.1 IaaS 
    8.2 Paas
    8.3 SaaS
9. Cloud Computing Market - By Deployment Model (Market Size -$Million / $Billion)
    9.1 Public Cloud
    9.2 Private Cloud
10. Cloud Computing Market - By Organization Size (Market Size -$Million / $Billion)
    10.1 Small and Medium Business 
    10.2 Large Enterprise
11. Cloud Computing - By End User(Market Size -$Million / $Billion)
    11.1 Academia & Research
    11.2 BFSI
    11.3 Healthcare
    11.4 IT and ITES
    11.6 Manufacturing
    11.7 Media, Entertainment and Online Gaming
    11.8 Weather & Environment
    11.9 Others
12. Cloud Computing- By Geography (Market Size -$Million / $Billion)
    12.1 Cloud High Performance Computing Market - North America Segment Research
    12.2 North America Market Research (Million / $Billion)
        12.2.1 Segment type Size and Market Size Analysis
        12.2.2 Revenue and Trends
        12.2.3 Application Revenue and Trends by type of Application
        12.2.4 Company Revenue and Product Analysis
        12.2.5 North America Product type and Application Market Size
            12.2.5.1 U.S
            12.2.5.2 Canada
            12.2.5.3 Mexico
            12.2.5.4 Rest of North America
    12.3 Cloud High Performance Computing- South America Segment Research
    12.4 South America Market Research (Market Size -$Million / $Billion)
        12.4.1 Segment type Size and Market Size Analysis
        12.4.2 Revenue and Trends
        12.4.3 Application Revenue and Trends by type of Application
        12.4.4 Company Revenue and Product Analysis
        12.4.5 South America Product type and Application Market Size
            12.4.5.1 Brazil
            12.4.5.2 Venezuela
            12.4.5.3 Argentina
            12.4.5.4 Ecuador
            12.4.5.5 Peru
            12.4.5.6 Colombia
            12.4.5.7 Costa Rica
            12.4.5.8 Rest of South America
    12.5 Cloud High Performance Computing- Europe Segment Research
    12.6 Europe Market Research (Market Size -$Million / $Billion)
        12.6.1 Segment type Size and Market Size Analysis
        12.6.2 Revenue and Trends
        12.6.3 Application Revenue and Trends by type of Application
        12.6.4 Company Revenue and Product Analysis
        12.6.5 Europe Segment Product type and Application Market Size
            12.6.5.1 U.K
            12.6.5.2 Germany
            12.6.5.3 Italy
            12.6.5.4 France
            12.6.5.5 Netherlands
            12.6.5.6 Belgium
            12.6.5.7 Denmark
            12.6.5.8 Spain
            12.6.5.9 Rest of Europe
    12.7 Cloud High Performance Computing - APAC Segment Research
    12.8 APAC Market Research (Market Size -$Million / $Billion)
        12.8.1 Segment type Size and Market Size Analysis
        12.8.2 Revenue and Trends
        12.8.3 Application Revenue and Trends by type of Application
        12.8.4 Company Revenue and Product Analysis
        12.8.5 APAC Segment - Product type and Application Market Size
            12.8.5.1 China
            12.8.5.2 Australia
            12.8.5.3 Japan
            12.8.5.4 South Korea
            12.8.5.5 India
            12.8.5.6 Taiwan
            12.8.5.7 Malaysia
            12.8.5.8 Hong kong
            12.8.5.9 Rest of APAC
    12.9 Cloud High Performance Computing - Middle East Segment and Africa Segment Research
    12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
        12.10.1 Segment type Size and Market Size Analysis
        12.10.2 Revenue and Trend Analysis
        12.10.3 Application Revenue and Trends by type of Application
        12.10.4 Company Revenue and Product Analysis
        12.10.5 Middle East Segment Product type and Application Market Size
            12.10.5.1 Israel
            12.10.5.2 Saudi Arabia
            12.10.5.3 UAE
        12.10.6 Africa Segment Analysis
            12.10.6.1 South Africa
            12.10.6.2 Rest of Middle East & Africa
13. Cloud Computing Market - Entropy
    13.1 New product launches
    13.2 M&A s, collaborations, JVs and partnerships
14. Cloud Computing Market - Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by Region- Top 10 companies
        14.1.3 Market Share by type of Application - Top 10 companies
        14.1.4 Market Share by type of Product / Product category- Top 10 companies
        14.1.5 Market Share at global level - Top 10 companies
        14.1.6 Best Practises for companies
15. Cloud Computing Market - Key Company List by Country Premium Premium
16. Cloud Computing Market Company Analysis
    16.1 Market Share, Company Revenue, Products, M&A, Developments
    16.2 Adaptive Computing
    16.3 Amazon Web Services
    16.4 Dell, Inc.
    16.5 Google, Inc.
    16.6 Gompute
    16.7 International Business Machines Corporation
    16.8 Microsoft Corporation
    16.9 Penguin Computing
    16.10 Sabalcore Computing
    16.11 Univa Corporation