Apr 21, 2021, 03:30 ET
NEW YORK, April 21, 2021 /PRNewswire/ --
Technavio has been monitoring the cloud computing market and it is poised to reach USD 287.03 billion during 2021-2025, decelerating at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the cloud computing market.
Frequently Asked Questions:
- Based on segmentation by service, which is the leading segment in the market?
SaaS is the leading segment in the market.
- At what rate is the market projected to grow?
The market is projected to decelerate at a CAGR of over 17%.
- Who are the top players in the market?
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 the top players in the market.
- What are the key market drivers and challenges?
The market is driven by an increased inclination towards cloud computing for cost-cutting. However, the system integration issues will challenge growth.
- How big is the North American market?
40% of the market's growth will originate from North America during the forecast period.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 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 some of the major market participants. Although the increased inclination towards cloud computing for cost-cutting will offer immense growth opportunities, the system integration issue is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this cloud computing market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Cloud Computing Market 2021-2025: Segmentation
Cloud Computing Market is segmented as below:
- North America
- South America
- The Middle East and Africa
To learn more about the global trends impacting the future of market research, download a free sample:
Cloud Computing Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cloud computing market report covers the following areas:
- Cloud Computing Market Size
- Cloud Computing Market Trends
- Cloud Computing Market Industry Analysis
This study identifies the rise in edge computing and the shift toward serverless computing as one of the prime reasons driving the Cloud Computing Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Related Reports on Information Technology Include:
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Cloud Computing Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist cloud computing market growth during the next five years
- Estimation of the cloud computing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cloud computing market across North America, Europe, APAC, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cloud computing market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
- Impact of COVID-19 on market and recovery from pandemic
Five Forces Analysis
- Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- SaaS - Market size and forecast 2020-2025
- IaaS - Market size and forecast 2020-2025
- PaaS - Market size and forecast 2020-2025
- Market opportunity by Service
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Middle East and Africa - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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