Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Cloud Computing Market to reach USD 1101.87 billion by 2028.

Global Cloud Computing Market to reach USD 1101.87 billion by 2028.

Product Code: ICTNGT-73315348
Publish Date: 25-02-2022
Page: 200

Global Cloud Computing Market is valued approximately USD 382.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 2022-2028.
Cloud computing refers to the on-demand availability of computer system resources, specifically computing power and data storage, without direct active management by the user. In other words, it is the process of delivering numerous services with the help of the Internet. The growing demand for cloud-based business continuity tools and services, rising inclination of enterprises toward automation and agility, and business extensions by leading companies across various regions to acquire an untapped customer base are the primary factors for stimulating market demand across the globe. For instance, in June 2020, Google declares the company’s partnership with Telefónica. The objective of this partnership is to launch a cloud region in Spain that will influence Telefonica’s Madrid region infrastructure. Additionally, this partnership is also intended for the economic recovery of the country after the onset of COVID-19 by supporting Spain’s public administration and enhancing the digitalization of companies. However, cyberattacks damaging business operations and critical data loss impedes the growth of the market over the forecast period of 2022-2028. Also, an increasing number of small and medium-sized enterprises is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Cloud Computing Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of leading suppliers like Microsoft Corp., Amazon.com Inc., Oracle Corp., and International Business Machines Corp., coupled with the high acceptance rate for adopting novel technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as rapid growth of the emerging nations, as well as increasing availability of skilled labor, would create lucrative growth prospects for the Cloud Computing Market across the Asia-Pacific region.

Major market players included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service Model offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Model:
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a service (SaaS)
By IaaS:
Primary Storage
Disaster Recovery and Backup
By PaaS:
Application Development and Platforms
Application Testing and Quality
Analytics and Reporting
Integration and Orchestration
Data Management
By SaaS:
Customer Relationship Management (CRM)
Enterprise Resource Management (ERM)
Human Capital Management (HCM)
Content Management
Collaboration and Productive Suites
Supply Chain Management (SCM)
By Deployment Model:
Public Cloud
Private Cloud
By Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Verticals:
Banking, Financial Services, and Insurance (BFSI)
IT and ITeS
Government and Public Sector
Retail and Consumer Goods
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Cloud Computing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Cloud Computing Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Cloud Computing Market, by Service Model, 2020-2028 (USD Billion)
1.2.3. Global Cloud Computing Market, by IaaS, 2020-2028 (USD Billion)
1.2.4. Global Cloud Computing Market, by PaaS, 2020-2028 (USD Billion)
1.2.5. Global Cloud Computing Market, by SaaS, 2020-2028 (USD Billion)
1.2.6. Global Cloud Computing Market, by Deployment Model, 2020-2028 (USD Billion)
1.2.7. Global Cloud Computing Market, by Organization Size, 2020-2028 (USD Billion)
1.2.8. Global Cloud Computing Market, by Verticals, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cloud Computing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cloud Computing Market Dynamics
3.1. Cloud Computing Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Rising inclination of enterprises toward automation and agility Growing demand for cloud-based business continuity tools and services
3.1.2. Market Challenges Cyberattacks damaging business operations and critical data loss
3.1.3. Market Opportunities Increasing number of small and medium-sized enterprises
Chapter 4. Global Cloud Computing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Cloud Computing Market, by Service Model
6.1. Market Snapshot
6.2. Global Cloud Computing Market by Service Model, Performance – Potential Analysis
6.3. Global Cloud Computing Market Estimates & Forecasts by Service Model 2019-2028 (USD Billion)
6.4. Cloud Computing Market, Sub Segment Analysis
6.4.1. Infrastructure as a Service (IaaS)
6.4.2. Platform as a Service (PaaS)
6.4.3. Software as a service (SaaS)
Chapter 7. Global Cloud Computing Market, by IaaS
7.1. Market Snapshot
7.2. Global Cloud Computing Market by IaaS, Performance – Potential Analysis
7.3. Global Cloud Computing Market Estimates & Forecasts by IaaS 2019-2028 (USD Billion)
7.4. Cloud Computing Market, Sub Segment Analysis
7.4.1. Primary Storage
7.4.2. Disaster Recovery and Backup
7.4.3. Archiving
7.4.4. Compute
Chapter 8. Global Cloud Computing Market, by PaaS
8.1. Market Snapshot
8.2. Global Cloud Computing Market by PaaS, Performance – Potential Analysis
8.3. Global Cloud Computing Market Estimates & Forecasts by PaaS 2019-2028 (USD Billion)
8.4. Cloud Computing Market, Sub Segment Analysis
8.4.1. Application Development and Platforms
8.4.2. Application Testing and Quality
8.4.3. Analytics and Reporting
8.4.4. Integration and Orchestration
8.4.5. Data Management
Chapter 9. Global Cloud Computing Market, by SaaS
9.1. Market Snapshot
9.2. Global Cloud Computing Market by SaaS, Performance – Potential Analysis
9.3. Global Cloud Computing Market Estimates & Forecasts by SaaS 2019-2028 (USD Billion)
9.4. Cloud Computing Market, Sub Segment Analysis
9.4.1. Customer Relationship Management (CRM)
9.4.2. Enterprise Resource Management (ERM)
9.4.3. Human Capital Management (HCM)
9.4.4. Content Management
9.4.5. Collaboration and Productive Suites
9.4.6. Supply Chain Management (SCM)
9.4.7. Others
Chapter 10. Global Cloud Computing Market, by Deployment Model
10.1. Market Snapshot
10.2. Global Cloud Computing Market by Deployment Model, Performance – Potential Analysis
10.3. Global Cloud Computing Market Estimates & Forecasts by Deployment Model2019-2028 (USD Billion)
10.4. Cloud Computing Market, Sub Segment Analysis
10.4.1. Public Cloud
10.4.2. Private Cloud
Chapter 11. Global Cloud Computing Market, by Organization Size
11.1. Market Snapshot
11.2. Global Cloud Computing Market by Organization Size, Performance – Potential Analysis
11.3. Global Cloud Computing Market Estimates & Forecasts by Organization Size 2019-2028 (USD Billion)
11.4. Cloud Computing Market, Sub Segment Analysis
11.4.1. Small and Medium-sized Enterprises (SMEs)
11.4.2. Large Enterprises
Chapter 12. Global Cloud Computing Market, by Verticals
12.1. Market Snapshot
12.2. Global Cloud Computing Market by Verticals, Performance – Potential Analysis
12.3. Global Cloud Computing Market Estimates & Forecasts by Verticals2019-2028 (USD Billion)
12.4. Cloud Computing Market, Sub Segment Analysis
12.4.1. Banking, Financial Services, and Insurance (BFSI)
12.4.2. Telecommunications
12.4.3. IT and ITeS
12.4.4. Government and Public Sector
12.4.5. Retail and Consumer Goods
12.4.6. Manufacturing
12.4.7. Energy and Utilities
12.4.8. Media and Entertainment
12.4.9. Healthcare and Life Sciences
12.4.10. Others
Chapter 13. Global Cloud Computing Market, Regional Analysis
13.1. Cloud Computing Market, Regional Market Snapshot
13.2. North America Cloud Computing Market
13.2.1. U.S. Cloud Computing Market Service Model estimates & forecasts, 2019-2028 IaaS estimates & forecasts, 2019-2028 PaaS estimates & forecasts, 2019-2028 SaaS estimates & forecasts, 2019-2028 Deployment Model estimates & forecasts, 2019-2028 Organization Size estimates & forecasts, 2019-2028 Verticals estimates & forecasts, 2019-2028
13.2.2. Canada Cloud Computing Market
13.3. Europe Cloud Computing Market Snapshot
13.3.1. U.K. Cloud Computing Market
13.3.2. Germany Cloud Computing Market
13.3.3. France Cloud Computing Market
13.3.4. Spain Cloud Computing Market
13.3.5. Italy Cloud Computing Market
13.3.6. Rest of Europe Cloud Computing Market
13.4. Asia-Pacific Cloud Computing Market Snapshot
13.4.1. China Cloud Computing Market
13.4.2. India Cloud Computing Market
13.4.3. Japan Cloud Computing Market
13.4.4. Australia Cloud Computing Market
13.4.5. South Korea Cloud Computing Market
13.4.6. Rest of Asia Pacific Cloud Computing Market
13.5. Latin America Cloud Computing Market Snapshot
13.5.1. Brazil Cloud Computing Market
13.5.2. Mexico Cloud Computing Market
13.6. Rest of The World Cloud Computing Market
Chapter 14. Competitive Intelligence
14.1. Top Market Strategies
14.2. Company Profiles
14.2.1. Microsoft Key Information Overview Financial (Subject to Data Availability) Service Model Summary Recent Developments
14.2.2. AWS
14.2.3. Salesforce
14.2.4. Oracle
14.2.5. SAP
14.2.6. Google
14.2.7. Workday
14.2.8. Adobe
14.2.9. IBM
14.2.10. Adobe
Chapter 15. Research Process
15.1. Research Process
15.1.1. Data Mining
15.1.2. Analysis
15.1.3. Market Estimation
15.1.4. Validation
15.1.5. Publishing
15.2. Research Attributes
15.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now