What is Public Cloud Application Services Market?
Public cloud is defined as the computing services which is offered by third-party providers over the public Internet. This makes them available to anyone who wants to use or purchase. They may be free or sold on-demand, allowing customers to pay only per usage for the CPU cycles, storage, or bandwidth they consume. There are various reasons the companies are now opting for a public cloud. Moreover, access to novel resources related to computing is the main advantages of using a public cloud. Public cloud services are also scalable, and allows the companies to scale up their usage as the demand for services surges.
Highlights from Public Cloud Application Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon Web Service Inc. (United States), Alphabet, Inc. (United States), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Netsuite Inc. (United States), Salesforce.com, Inc. (United States), Adobe Systems Inc. (United States), SAP SE (Germany) and Cisco Systems Inc. (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Public Cloud Application Services market throughout the forecasted period.
Amazon Web Service Inc. (United States), Alphabet, Inc. (United States), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Netsuite Inc. (United States), Salesforce.com, Inc. (United States), Adobe Systems Inc. (United States), SAP SE (Germany) and Cisco Systems Inc. (United States) are some of the key players profiled in the study. Public Cloud Application Services Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Business Intelligence Application, Customer Relationship Management, Digital Content Application, ERP Application, Enterprise Content Management, Office Suites and Project Management |
Industry Vertical | Government,BFSI,Healthcare,Telecommunication,Media & Entertainment,Energy & Utilities,Retail/ Wholesale,Manufacturing,Transportation,Others |
Service type | IaaS,PaaS,SaaS,BPaaS |
Organisation size | SMEs,Large enterprises |
On the basis of geography, the market of Public Cloud Application Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Cloud Computing Services in SMEs
Market Growth Drivers:
Increased Adoption of Hybrid Cloud for Managing Huge Workload and Wide Range of Applications is Fuelling the Market
Challenges:
Stiff Competition Among the Major Players
Restraints:
Concerns Related to Data Security
Opportunities:
Rising Number of Small and Medium Enterprises
Key Target Audience
Government associations, Research organisations, Software vendors and Others
On December 2019, Accenture has launched the Accenture Cloud Native Core Solution to help enterprises leverage the public cloud for maximum business agility and results.