Public Cloud - Market data analysis & forecasts

Statista Technology Market Outlook

Public Cloud - Market data analysis & forecasts Cloud computing is one of the hot topics when talking about IT development and groundbreaking industry changes of the last decade. This report gives insights into the Public Cloud market and contains a wide range of statistics: The overall market development, a forecast until 2027, market shares, and more are included for the global Public Cloud market as well as for the three service segments Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). In total, the worldwide Public Cloud revenue, which amounted to US$334billion in 2021, is expected to continue growing at a high rate to reach US$835billion by 2027. In the IaaS and PaaS segments, this development is being driven by large, well-known IT companies: Amazon Web Services and Microsoft cover more than half of global revenue, resulting in high market concentration.

What's included?
  • All relevant Public Cloud data, including market size & forecasts until 2027
  • The impact of COVID-19
  • Market methodology and drivers
  • Key Players and company insights
  • Insights into enterprises’ cloud adoption
  • Trends and market developments
DescriptionContentTables

Cloud computing affects all kinds of business processes and can tackle dynamic and complex needs. Public cloud allows for scalability and resource sharing that would not otherwise be possible for a single organization to achieve.
With this report, we provide a comprehensive overview of the state of the Public Cloud market as it is today as well as a forecast until 2027 with detailed information on the three segments Software as a Service, Infrastructure as a Service, and Platform as a Service.

Software as a Service (SaaS) is the largest segment of the Public Cloud market, comprising more than half of the total market size. The market concentration in the SaaS segment is quite low, as many very different products are offered by several companies.
Infrastructure as a Service (IaaS) is the second largest segment of the market and makes it easy to scale up or down physical servers and data center infrastructure. This segment is expected to continue growing at a high rate during the upcoming years. The growth impetus will be given by the increasing demand for new technologies regarding the Internet of Things and artificial intelligence, which require the adoption of a cloud infrastructure.
Platform as a Service (PaaS) is the smallest segment of the global Public Cloud market but is expected to grow the most in the upcoming years. It builds on the concept of Infrastructure as a Service, offering supplementary services to the customer. These include an additional development environment, which allows for high-level programming. In the combined IaaS and PaaS segment, Amazon Web Services and Microsoft cover more than half of global revenues, resulting in a high market concentration.

Besides all relevant market figures such as total revenues for the years from 2016 to 2027, the impact of COVID-19 on segment and market level, and market indicators, we furthermore give detailed insights into key players on the one hand and companies’ cloud adoption on the other hand. Besides purely private and purely public cloud solutions, hybrid cloud and multi-cloud models as well as edge computing will play an important role in enterprises’ future cloud strategies. These topics will be discussed in the trends chapter.

  • Language: English
  • Released: September 2022
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