Global Public Cloud Platform Market Overview:
The public cloud refers to the standard cloud computing model where the resource is generated by the service provider, such as virtual machines (VMs), applications or storage, available to the general public over the internet. Public cloud services may be free or offered on a pay-per-usage model. Public Cloud Platform as a Service (PaaS) is a category of cloud computing services that provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app. As per latest AMA study, the Global Public Cloud Platform market is expected to see growth rate of 19.34% and may see market size of USD11.83 Billion by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Engine Yard (United States), Google (United States), IBM (United States), Microsoft (United States), Amazon (United States), DXC Technology (United States) and Pega (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Need for Delivering Enhanced Customer Experience
- Increased Cost-Savings & Return on Investment
- Increasing Complexity of Building and Maintaining the Infrastructure
Roadblocks
- Stringent Government Rules and Regulation
- Overdependence on One Vendor
Opportunities
- Digital Engagement Through Virtual Reality (VR) and Augmented Reality (AR)
- Rise in Number of Small & Medium-Sized Enterprises to Create New Revenue Opportunities for Cloud Vendors
Challenges
- Selecting the Right Marketing Cloud Strategy to Meet Rising Demands From Customers
- Concerns to Maintain Security, Scalability, and High Availability
Competitive Landscape:
Some of the key players profiled in the report are Engine Yard (United States), Google (United States), IBM (United States), Microsoft (United States), Amazon (United States), DXC Technology (United States) and Pega (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Public Cloud Platform market by 2027. Considering Market by End User Industry, the sub-segment i.e. Banking & Financial Sector (BFSI) will boost the Public Cloud Platform market.
What Can be Explored with the Public Cloud Platform Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Public Cloud Platform Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Public Cloud Platform
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Public Cloud Platform market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Public Cloud Platform market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.