Public Cloud Market Size
The Public Cloud Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Public Cloud Market Size During the Forecast Period?
The Public Cloud Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Public Cloud Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Public Cloud Market?
The public cloud market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Service: Business Process Services (BPaaS), Application Infrastructure Services (PaaS), Application Services, Management And Security Services, Systems Infrastructure Services (IaaS), Advertising
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Discrete Manufacturing, Professional Services, Banking, Process Manufacturing, Retail, Other End-Users
Subsegments:
1) By Hardware: Servers, Storage Devices, Networking Equipment
2) By Software: Cloud Management Software, Virtualization Software, Security Software, Analytics And Monitoring Software
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What Key Drivers Are Expected to Influence Future Public Cloud Market Growth?
The surge in 5G technology use is predicted to drive the expansion of the public cloud market. As the fifth-generation mobile network, 5G is designed to connect virtually everyone and everything, including machinery, objects, and gadgets. It promises to reshape businesses with its superior speed, reduced latency, and greater capacity, powering sophisticated applications such as AR/VR, edge computing, and IoT, and boosting reliable access to cloud services and virtual desktops via mobile devices. For instance, 5G Americas, a U.S. industry trade organization composed of leading telecom service providers and manufacturers, noted in April 2023 that there were 1.05 billion global 5G wireless connections in 2022, a 76% surge from 2021. Additionally, these numbers are projected to hit 1.9 billion by 2023’s end, and 5.9 billion by 2027’s end. As such, the growing utilization of 5G is fueling the expansion of the public cloud market.
Which Companies Hold the Largest Share Across Different Public Cloud Market Segments?
Major companies operating in the public cloud market include International Business Machines Corporation, Amazon Web Services Inc., Salesforce Inc., Oracle Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc., VMware Inc., Verizon Wireless Inc., SAP SE, Rackspace Technology Inc., Fujitsu Limited, CenturyLink Inc., Alibaba Group, NTT Communications Corporation, Workday Inc., Faction Global Infotech Pvt. Ltd., DigitalOcean Holdings Inc., Vultr, Linode LLC, OVH Groupe SA, Joyent Inc., Virtustream Inc., Interoute Communications Ltd., BT Group, Sungard Availability Services, NaviSite Inc., Expedient, Lunavi Inc., Phoenix NAP LLC
What Trends Are Driving Growth in The Public Cloud Market?
Leading entities in the public cloud market are concentrating their efforts on the creation of technologically advanced solutions like public cloud platforms. These initiatives aim to boost scalability, adaptability, and cost-effectiveness for companies. Public cloud platforms encompass cloud computing services provided via the internet by third-party vendors, enabling users to access and use shared resources such as computing power, storage, and networking. For example, in September 2024, Avaya LLC, a U.S.- based tech firm, launched its Experience Platform (AXP) Public Cloud in India. The platform provides a range of advanced customer experience solutions specifically designed for several sectors, including healthcare and telecommunications. Notable functionalities comprise digital access via LivePerson integration, AI-enabled self-service through the Virtual Agent Ready framework, and improved customer assistance using the generative AI assistant, ‘Avaya Ada.’ The platform also integrates analytical tools via collaborations with Microsoft’s Power BI and Calabrio for workforce engagement.
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What Are the Emerging Geographies for The Public Cloud Market Growth?
North America was the largest region in the public cloud market in 2024. It is expected to be the fastest-growing region in the global public cloud market during the forecast period. The regions covered in the public cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Public Cloud Market?
2. What is the CAGR expected in the Public Cloud Market?
3. What Are the Key Innovations Transforming the Public Cloud Industry?
4. Which Region Is Leading the Public Cloud Market?
Why This Report Matters:
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