Enterprise Cloud Service Market Scope
Enterprise cloud services provide various benefits to enterprises such as performance & superior speed for IT resources, lower IT infrastructure cost, lower IT operational costs and increased capacity to handle web applications and services. Moreover, it is most efficient when coupled with a management system to simplify storage at scale and helps in replacing traditional on-premise servers and other storage systems to reduce latency and prevent data loss.
The Players having a strong hold in the market are AWS, Google, IBM, Microsoft, VMware. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Enterprise Cloud Service market throughout the predicted period.
AWS (United States), Google (United States), IBM (United States), Microsoft (United States), VMWare (Dell) (United States), Akamai Technologies (United States), CA Technologies (United States), Huawei (China), Oracle (United States), Cisco Systems (United States), Alibaba (China), Baidu (China), ENKI (United States), HP (United States), iLand (United States) and Datapipe (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Netsuite (United States), NTT Communications (Japan), OpSource (United States), ServiceNow (United States), SAP (Germany) and Fujitsu (Japan).
Segmentation Overview
The study have segmented the market of Global Enterprise Cloud Service market by Type (SaaS, IaaS and PaaS), by Application (SMEs and Large Enterprises) and Region with country level break-up.
On the basis of geography, the market of Enterprise Cloud Service 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).
Influencing Trend:
Increased adoption of hybrid cloud services
Market Growth Drivers:
Increasing adoption of cloud services across various industries, Cloud services are cost-effectiveness, Need to scale enterprise computing infrastructure and Increased awareness among enterprises about the benefits of cloud technologies
Challenges:
Rising cyber threat and data breaches across the globe
Restraints:
Lack of security and privacy of data
Opportunities:
Surging in number of SMEs in developing economies
Market Leaders and their Expansionary Development Strategies
In April , 2020 Accenture has agreed to acquire Gekko, a leading French Amazon Web Services (AWS) cloud services company. The acquisition would expand Accenture’s AWS resources in France to support enterprise migrations and development on cloud platforms, which has become the foundation for innovation and business transformation
In December 2023,Amazon Web Services (AWS), an Amazon.com, Inc. company announced the launch of its second AWS infrastructure Region in Canada—the AWS Canada West (Calgary) Region. Starting today, developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, will have greater choice for running their applications and serving end users from AWS data centers located in Canada.
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law
Key Target Audience
Training and consulting service providers, Cloud infrastructure service vendors, Telecom service providers, System integrators, Cloud service providers, Government agencies and Managed service providers
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.