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Cloud Services Global Market Report 2024

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    Report

  • 300 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939607
The cloud services market size has grown steadily in recent years. It will grow from $452.59 billion in 2023 to $475.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The historical growth can be attributed to increased internet penetration, growing adoption of cloud services in SMEs, technological advancements, a focus on reducing IT infrastructure costs, government initiatives, and a low-interest rate environment.

The cloud services market size is expected to see strong growth in the next few years. It will grow to $666.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The forecasted growth is driven by increased adoption of cloud services, IoT, the impact of COVID-19, smart city initiatives, and rising e-commerce penetration. Key trends include a focus on virtual desktop solutions, AI integration, collaborations with other cloud providers, quantum computing research, incorporation of public cloud platforms, increased R&D investments, and the establishment of green data centers for cost savings.

The ascent in the adoption of online gaming stands as a significant catalyst propelling the growth of the cloud services market. Online gaming, encompassing games played over the internet or computer networks, extensively utilizes cloud services. These services facilitate platform-independent gaming, offering enhanced accessibility, scalability, cost-efficiency, and an enriched gaming experience. As evidenced in a March 2023 blog by CyberCrew UK, the UK experienced a remarkable surge in gamers, marking a 63% increase since the 2021 lockdown. Notably, consumer spending on video games surpassed $5.2 billion in 2020, marking a historic milestone in the UK, with projected revenues expected to reach $7.6 million by 2025. This burgeoning adoption of online gaming is a key driver fueling the expansion of the cloud services market.

The ramifications of the COVID-19 pandemic are poised to exert a profound influence on the trajectory of the cloud services market in the foreseeable future. The pandemic's impact, manifested through widespread lockdowns globally and the consequent surge in remote work, has significantly elevated the utilization of cloud services. Governments' measures to curtail the virus have prompted an increase in remote work practices, with individuals accessing work-related systems and applications through cloud technology from their homes. This shift resulted in a staggering 37% rise in cloud spending to $29 billion during the initial quarter of 2020. This trend is expected to persist as businesses urgently require scalable, secure, reliable, and cost-effective off-premises technology services to support remote workforces. Despite an anticipated downturn in the overall IT spending by 8%, cloud spending is estimated to surge by 19% for the year. The uncertain duration of the pandemic's spread is anticipated to drive more companies toward adopting cloud technology to facilitate remote work setups, thereby serving as a driving force behind market growth.

The integration of new tools emerges as a prominent trend within the cloud services market. These tools encompass infrastructure, platforms, or software offered by third-party providers, accessed via the internet by users. An illustration of this trend is seen in Google LLC's move in September 2022 when they unveiled advanced data and analytics capabilities for their data cloud. These innovative capabilities encompass fresh data sharing and data lake platforms, devised to facilitate enhanced access to data at reduced costs. Essentially, these tools aim to surmount the typical hindrances that often restrict organizations in leveraging their data effectively.

In January 2023, Dell Technologies Inc., a US-based technology company, completed the acquisition of Cloudify for a total of $100 million. This strategic acquisition bolsters Dell's presence in the cloud services domain, notably strengthening its offerings within the DevOps sphere. Cloudify, an Israel-based cloud services startup, adds substantial value to Dell's portfolio, enabling the company to fortify its position and expand its range of cloud-related solutions.

Major companies operating in the cloud services market report are Amazon, Microsoft Corporation, IBM Corporation, Oracle Corporation, Dell Technologies Inc., Salesforce, SAP, Alphabet Inc., Alibaba Group Holding Limited, Nippon Telegraph And Telephone Corp, Kingsoft Corporation, UCloud Information Technology, Tencent Cloud, KingCloud, Fujitsu Ltd., Hitachi Ltd., KDDI Corporation, Infosys Technologies Ltd., Tata Consultancy Services, Cisco Systems, Zenith Infotech Limited, DigitalOcean, Inc., Wipro Ltd., NetApp India Pvt Ltd., SAVVIS Australia Pty Ltd., OVH, CloudSigma AG, Capgemini SE, Castleton Technology PLC, Caretower Ltd., Niu Solutions, HPE United Kingdom, SiteGround, CROC Incorporated, Servionica, Comarch, Onlanta Ltd., Red Hat, Inc., Google LLC, Adobe Inc., Claro, Locaweb, AllCloud Platforms Ltd., Commtouch, Visual Tao, Libox, LiveRoute.

North America was the largest region in the cloud services market in 2023. Western Europe was the second largest region cloud services market. The regions covered in the cloud services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cloud services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The cloud services market includes revenues earned by entities by providing cloud services that can be used for the delivery of information technology resources and applications on-demand through an internet platform. Companies in the cloud services market provide access to servers, storage, databases and a broad set of application services managed by hardware networking. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services. It also includes sales of public cloud services, private cloud services, hybrid cloud services and multi-cloud services offered by providers are included. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


The primary types of cloud services include Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Business Process as a Service (BPaaS). SaaS provides complete applications over the internet, managed by the service provider in terms of security, availability, and performance. Deployment methods include public, private, and hybrid clouds, catering to various organization sizes. Cloud services find applications in storage, backup, disaster recovery, application development, testing, database management, business analytics, integration, orchestration, customer relationship management, and more. Industries such as BFSI, media, IT, energy, government, retail, manufacturing, and others utilize cloud services.

The cloud services market research report is one of a series of new reports that provides cloud services market statistics, including cloud services industry global market size, regional shares, competitors with a cloud services market share, detailed cloud services market segments, market trends and opportunities, and any further data you may need to thrive in the cloud services industry. This cloud services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Cloud Services Market Characteristics
3. Cloud Services Product/Service Analysis -Product/Service Examples
3.1. Cloud Services Supply Chain Analysis
3.1.1. Cloud Services Resources
3.1.2. Cloud Services Manufacturers
3.1.3. Cloud Services Distributors and Retailers
3.1.4. Cloud Services End Users
3.2. Cloud Services Customer Information
4. Cloud Services Market Trends and Strategies
5. Cloud Services Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Cloud Services Market Size and Growth
6.1. Global Cloud Services Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Cloud Services Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Cloud Services Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Cloud Services Market Segmentation
7.1. Global Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Software as a service (SaaS)
  • Platform as a service (PaaS)
  • Infrastructure as a service (IaaS)
  • Business Process as a service (BPaaS)
7.2. Global Cloud Services Market, Segmentation by Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
7.3. Global Cloud Services Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Large Enterprises
  • Small and Medium Enterprises
7.4. Global Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Storage, Backup, and Disaster Recovery
  • Application Development and Testing
  • Database Management
  • Business Analytics
  • Integration and Orchestration
  • Customer Relationship Management
  • Other Applications
7.5. Global Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • BFSI
  • Media and Entertainment
  • IT and Telecommunications
  • Energy and Utilities
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Other End User Industries
8. Cloud Services Market Regional and Country Analysis
8.1. Global Cloud Services Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Cloud Services Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Cloud Services Market
9.1. Asia-Pacific Cloud Services Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Cloud Services Market
10.1. China Cloud Services Market Overview
10.2. China Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Cloud Services Market
11.1. India Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Cloud Services Market
12.1. Japan Cloud Services Market Overview
12.2. Japan Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Cloud Services Market
13.1. Australia Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Cloud Services Market
14.1. Indonesia Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Cloud Services Market
15.1. South Korea Cloud Services Market Overview
15.2. South Korea Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Cloud Services Market
16.1. Bangladesh, Cloud Services Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Cloud Services Market
17.1. Thailand, Cloud Services Historic Market, 2018-2023, $ Billion
17.2. Thailand, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Cloud Services Market
18.1. Vietnam, Cloud Services Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Cloud Services Market
19.1. Malaysia, Cloud Services Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Cloud Services Market
20.1. Singapore, Cloud Services Historic Market, 2018-2023, $ Billion
20.2. Singapore, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Cloud Services Market
21.1. Philippines, Cloud Services Historic Market, 2018-2023, $ Billion
21.2. Philippines, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong kong Cloud Services Market
22.1. Hong Kong, Cloud Services Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Cloud Services Market
23.1. New Zealand, Cloud Services Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Cloud Services Market
24.1. Western Europe Cloud Services Market Overview
24.2. Western Europe Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Cloud Services Market
25.1. UK Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Cloud Services Market
26.1. Germany Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Cloud Services Market
27.1. France Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Cloud Services Market
28.1. Italy Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Cloud Services Market
29.1. Spain Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Cloud Services Market
30.1. Austria, Cloud Services Historic Market, 2018-2023, $ Billion
30.2. Austria, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Cloud Services Market
31.1. Belgium, Cloud Services Historic Market, 2018-2023, $ Billion
31.2. Belgium, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Cloud Services Market
32.1. Denmark, Cloud Services Historic Market, 2018-2023, $ Billion
32.2. Denmark, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Cloud Services Market
33.1. Finland, Cloud Services Historic Market, 2018-2023, $ Billion
33.2. Finland, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Cloud Services Market
34.1. Ireland, Cloud Services Historic Market, 2018-2023, $ Billion
34.2. Ireland, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Cloud Services Market
35.1. Netherlands, Cloud Services Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Cloud Services Market
36.1. Norway, Cloud Services Historic Market, 2018-2023, $ Billion
36.2. Norway, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Cloud Services Market
37.1. Portugal, Cloud Services Historic Market, 2018-2023, $ Billion
37.2. Portugal, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Cloud Services Market
38.1. Sweden, Cloud Services Historic Market, 2018-2023, $ Billion
38.2. Sweden, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Cloud Services Market
39.1. Switzerland, Cloud Services Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Cloud Services Market
40.1. Eastern Europe Cloud Services Market Overview
40.2. Eastern Europe Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Cloud Services Market
41.1. Russia Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Cloud Services Market
42.1. Czech Republic, Cloud Services Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Cloud Services Market
43.1. Poland, Cloud Services Historic Market, 2018-2023, $ Billion
43.2. Poland, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Cloud Services Market
44.1. Romania, Cloud Services Historic Market, 2018-2023, $ Billion
44.2. Romania, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Cloud Services Market
45.1. Ukraine, Cloud Services Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Cloud Services Market
46.1. North America Cloud Services Market Overview
46.2. North America Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Cloud Services Market
47.1. USA Cloud Services Market Overview
47.2. USA Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Cloud Services Market
48.1. Canada Cloud Services Market Overview
48.2. Canada Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Cloud Services Market
49.1. Mexico, Cloud Services Historic Market, 2018-2023, $ Billion
49.2. Mexico, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Cloud Services Market
50.1. South America Cloud Services Market Overview
50.2. South America Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Cloud Services Market
51.1. Brazil Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Cloud Services Market
52.1. Chile, Cloud Services Historic Market, 2018-2023, $ Billion
52.2. Chile, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Cloud Services Market
53.1. Argentina, Cloud Services Historic Market, 2018-2023, $ Billion
53.2. Argentina, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Cloud Services Market
54.1. Colombia, Cloud Services Historic Market, 2018-2023, $ Billion
54.2. Colombia, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Cloud Services Market
55.1. Peru, Cloud Services Historic Market, 2018-2023, $ Billion
55.2. Peru, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Cloud Services Market
56.1. Middle East Cloud Services Market Overview
56.2. Middle East Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Cloud Services Market
57.1. Saudi Arabia, Cloud Services Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Cloud Services Market
58.1. Israel, Cloud Services Historic Market, 2018-2023, $ Billion
58.2. Israel, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Cloud Services Market
59.1. Iran, Cloud Services Historic Market, 2018-2023, $ Billion
59.2. Iran, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Cloud Services Market
60.1. Turkey, Cloud Services Historic Market, 2018-2023, $ Billion
60.2. Turkey, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Cloud Services Market
61.1. United Arab Emirates, Cloud Services Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Cloud Services Market
62.1. Africa Cloud Services Market Overview
62.2. Africa Cloud Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Cloud Services Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Cloud Services Market, Segmentation by End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Cloud Services Market
63.1. Egypt, Cloud Services Historic Market, 2018-2023, $ Billion
63.2. Egypt, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Cloud Services Market
64.1. Nigeria, Cloud Services Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Cloud Services Market
65.1. South Africa, Cloud Services Historic Market, 2018-2023, $ Billion
65.2. South Africa, Cloud Services Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Cloud Services Market Competitive Landscape and Company Profiles
66.1. Cloud Services Market Competitive Landscape
66.2. Cloud Services Market Company Profiles
66.2.1. Amazon
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Microsoft Corporation
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. IBM Corporation
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Oracle Corporation
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. Dell Technologies Inc
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Cloud Services Market Other Major and Innovative Companies
67.1. Salesforce
67.2. SAP
67.3. Alphabet Inc.
67.4. Alibaba Group Holding Limited
67.5. Nippon Telegraph and Telephone Corp
67.6. Kingsoft Corporation
67.7. UCloud Information Technology
67.8. Tencent Cloud
67.9. KingCloud
67.10. Fujitsu Ltd.
67.11. Hitachi Ltd.
67.12. KDDI Corporation
67.13. Infosys Technologies Ltd.
67.14. Tata Consultancy Services
67.15. Cisco Systems
68. Global Cloud Services Market Competitive Benchmarking69. Global Cloud Services Market Competitive Dashboard70. Key Mergers and Acquisitions in the Cloud Services Market
71. Cloud Services Market Future Outlook and Potential Analysis
71.1 Cloud Services Market in 2028 - Countries Offering Most New Opportunities
71.2 Cloud Services Market in 2028 - Segments Offering Most New Opportunities
71.3 Cloud Services Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Cloud Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cloud services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for cloud services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Software as a service (SaaS); Platform as a service (PaaS); Infrastructure as a service (IaaS); Business Process as a service (BPaaS)
2) By Deployment Model: Public Cloud; Private Cloud; Hybrid Cloud
3) By Organization Size: Large Enterprises; Small and Medium Enterprises
4) By Application: Storage, Backup, and Disaster Recovery; Application Development and Testing; Database Management; Business Analytics; Integration and Orchestration; Customer Relationship Management; Other Applications
5) By End-user Industry: BFSI; Media and Entertainment; IT and Telecommunications; Energy and Utilities; Government and Public Sector; Retail and Consumer Goods; Manufacturing; Other End-user Industries

Key Companies Mentioned: Amazon; Microsoft Corporation; IBM Corporation; Oracle Corporation; Dell Technologies Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Amazon
  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • Dell Technologies Inc.
  • Salesforce
  • SAP
  • Alphabet Inc.
  • Alibaba Group Holding Limited
  • Nippon Telegraph And Telephone Corp
  • Kingsoft Corporation
  • UCloud Information Technology
  • Tencent Cloud
  • KingCloud
  • Fujitsu Ltd.
  • Hitachi Ltd.
  • KDDI Corporation
  • Infosys Technologies Ltd.
  • Tata Consultancy Services
  • Cisco Systems
  • Zenith Infotech Limited
  • DigitalOcean, Inc.
  • Wipro Ltd
  • NetApp India Pvt Ltd.
  • SAVVIS Australia Pty Ltd
  • OVH
  • CloudSigma AG
  • Capgemini SE
  • Castleton Technology PLC
  • Caretower Ltd
  • Niu Solutions
  • HPE United Kingdom
  • SiteGround
  • CROC Incorporated
  • Servionica
  • Comarch
  • Onlanta Ltd.
  • Red Hat, Inc.
  • Google LLC
  • Adobe Inc.
  • Claro
  • Locaweb
  • AllCloud Platforms Ltd
  • Commtouch
  • Visual Tao
  • Libox
  • LiveRoute

Methodology

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