Public Cloud Market

The global public cloud market was valued at USD 387.37 billion in 2021 and is expected to reach USD 1,412.40 billion by 2030, with a CAGR rate of 14.2 % during 2022–2030.

The vendor can access businesses' data center infrastructure through the public cloud. All administration, maintenance, updates, and security fall under their purview. The cloud computing industry's technology, goods, and services have grown extensively and varied. This created a multibillion-dollar ecosystem where numerous service providers fight for a constantly growing piece of the cloud market. It is challenging for customers to use and appreciate this cloud ecosystem. Next-generation industrial solutions will be cloud-enhanced and need a platform to demonstrate their capabilities for digital business. Industries are changing their business models and operational procedures due to digital transformation. As external partners, other industries, and customers communicate more frequently, the public cloud is ideal for creating an open intra-company network. From the fundamentals of storage, processing, and networking power to artificial intelligence and natural language processing (NLP), as well as common office applications, public cloud services serve a wide range of tasks.

This study on the global public cloud market provides detailed information on industry trends, market dynamics, market size, competitive landscape, and growth opportunities. This research report categorizes the global public cloud market by service model, organization size, industry and region/country.

By service model the public cloud market has been segmented into IaaS, SaaS, PaaS. The SaaS segment dominated the market in 2021 whereas the IaaS segment is expected to exhibit the highest CAGR during the assessment period.

Based on organization size, the public cloud market has been divided into small and medium enterprises and large enterprises. The small and medium enterprises segment dominated the market in 2021 whereas large enterprises are expected to exhibit the highest CAGR during the assessment period.

By industry, the market is bifurcated into IT & telecommunication, manufacturing, BFSI, retail, healthcare, government, aerospace and defense, and others. The BFSI segment dominated the market in 2021 whereas manufacturing segment is expected to exhibit the highest CAGR during the assessment period.

The regions included in the study are North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America is anticipated to dominate the public cloud market in 2021while Asia-Pacific is anticipated to exhibit the highest CAGR during forecast period.

The global market is highly competitive with the presence of several vendors offering feature-rich and innovative solutions to their customers. The major vendors profiled in the study are Alibaba Group Holding Limited, Amazon.com Inc, Adobe Inc, Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc, SAP SE, Fujitsu Limited, and Others.