Cloud Computing Market Growth, Demand Development Factors and Technological Innovations, Segment Analysis by Types and Application and Forecast Till 2030

 In a recent published report, Kenneth Research has updated the market report for Cloud Computing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Computing Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Cloud Computing is an internet based technology that serves a centralized data source to remote devices connected via internet or intranet. It is a network where a program or application runs on a server and is shared across multiple devices such as Personal Computers (PCs), Laptops, and Mobile Devices. The sole requirement is connecting the server through a communication network such as Internet or Intranet or Local Area Network (LAN) or Wide Area Network (WAN).

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The earlier levels of virtualization were featured by integrated storage, CapEx and OpEx savings, and data security and so on. Cloud computing enables utilization of data to support business decisions while keeping IT cost down. It also enables organizations to leverage PaaS for faster application deployment. Cloud Computing is being largely used by major companies for their widely used applications such as Drop box Inc. for their Dropbox Storage, Google Inc. for Gmail, Google Auto Back Up, Face book, Ever note, Skype and lot more.

Cloud Computing services have a transformational effect on all sectors across the globe. Almost all the sectors are shifting or at least thinking to shift their database into the cloud. Today several IT companies have moved to cloud computing. Other sectors such as healthcare and social media are most affected by cloud computing. There are several reasons why a company or an industry migrates to cloud. However, the major reason is cost reduction. Cloud services are allowing the businesses to reduce their capital expenditure by eliminating the cost of IT Infrastructure.

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COMPANIES MENTIONED

1. Salesforce.Com
2. Amazon Web Services
3. Microsoft
4. Netsuite
5. Oracle
6. Rackspace
7. SAP AG
8. Softlayer (IBM)
9. Terremark/Verizon
10. Logmein

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides a significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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