Revenue in the Public Cloud market is projected to reach €12.16bn in 2023.
The market's largest segment is Software as a Service with a projected market volume of €7.20bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 11.20%, resulting in a market volume of €18.59bn by 2027.
The average Spend per Employee in the Public Cloud market is projected to reach €399.30 in 2023.
In global comparison, most revenue will be generated in the United States (€251.80bn in 2023).
The market for Public Cloud includes revenues generated by the three cloud computing service models of Infrastructure as a Service, Platform as a Service, and Software as a Service. In general, these services are offered by third-party service providers who deliver computing resources such as servers and storage capabilities, developing tools and frameworks as well as business applications to customers via the internet. These services are remotely managed, enabled, and distributed by third-party, large-scale data centers. Market values represent revenues paid to primary vendors (excluding VAT) and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent. In comparison to a private cloud, a public cloud offers its services not only to individual organizations, but to many other users via the public internet. Public cloud allows for scalability and resource sharing that would not otherwise be possible for a single organization to achieve.
Company examples: Amazon Web Services, Microsoft Azure, Google Cloud, Salesforce, IBM.