NEW YORK, Jan. 17, 2022 /PRNewswire/ -- The Cloud Computing Market value is set to grow by USD 287.03 billion from 2020 to 2025, as per the latest report by Technavio.
NEW YORK, Jan. 17, 2022 /PRNewswire/ -- The Cloud Computing Market value is set to grow by USD 287.03 billion from 2020 to 2025, as per the latest report by Technavio.
The adoption of SaaS helps enterprises in eliminating expenses and complexities associated with managing hardware and software required to run applications. Moreover, SaaS also enables easy access to IoT, data analytics, and AI platforms, which aids businesses in making business decisions. As a result, there will be a high demand for SaaS solutions. The growth of the SaaS market segment is expected to be significant during the forecast period.
Key Cloud Computing Market Report Highlights:
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Regional Market Analysis
40% of the market's growth will originate from North America during the forecast period. The US is one of the key markets for cloud computing in North America. Market growth in this region will be slower than the growth of the market in other regions.
The rising adoption of cloud solutions from various end-user industries will facilitate the cloud computing market growth in North America over the forecast period.
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Key Vendors and Strategies
Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE are a few of the key vendors in the Cloud Computing Market.
The market is fragmented and the vendors are deploying growth strategies such as product development to compete in the market.
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Key Market Drivers
Our analysts have extensively outlined the information on the key market drivers and their impact on the Cloud Computing Market.
To know about a few other market drivers, trends, and challenges.
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Cloud Computing Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 17% |
Market growth 2021-2025 |
$ 287.03 billion |
Market structure |
Fragmented |
YoY growth (%) |
20.37 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 40% |
Key consumer countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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