Cloud Computing Market Is Anticipated To Grow At A Cagr Of 18.8% During 2024-2030

By Author: Lucintel LLC
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The global cloud computing market is projected to reach $2,191 billion by 2030, at a CAGR of 18.8% during 2024-2030. The growth of cloud computing market is driven by increasing adoption of artificial intelligence and machine learning, growing automation, and increasing need of advanced technology to increase return on investment with lower infrastructure and storage cost.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the cloud computing market by deployment model (public cloud, private cloud, and hybrid cloud), service model (software as a service, infrastructure as a service, platform as a service, and others), organization size (small-and medium-sized enterprises and large enterprises), end use industry (BFSI, telecommunication, IT and ITES, government and public sector, retail and consumer goods, manufacturing, media and entertainment, healthcare and life science, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 ...
... What are the business risks and threats to the cloud computing market?
Q.4 What are some changing demands of customers in the cloud computing market?
Q.5 What are the new developments in the cloud computing market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this cloud computing area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this cloud computing market?
Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of hybrid cloud and machine learning.

Market Segmentation:
Based on deployment model, the cloud computing market is segmented into public cloud, private cloud, and hybrid cloud . The public cloud segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand for big data and the growing rate of IT spending for cloud computing.
North America will remain the largest market over the forecast period due to increasing adoption of emerging technologies such as artificial intelligence, machine learning, and IoT.
Key Players in the cloud computing market are Microsoft, Amazon Web Services, IBM, Salesforce, Google.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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