The report of global public cloud service market by Delivery Model (Software as a Service [SaaS], Access Control as a Service [ACaaS], Platform as a Service [PaaS], Infrastructure as a Service [IaaS]) Industry (Banking, Financial services and Insurance [BFSI], Telecommunications and IT, Retail, Government and Education, Manufacturing, Healthcare, Others) Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during a forecast period.
The public cloud is a cloud computing services which are offered by third-party providers over the public internet to make them available to anyone who wants to use or purchase them. The public cloud architecture has the ability to access a service or application on any internet connected device.
Software as a service (SaaS) is witnessing the fastest growth at CAGR of XX%.
SaaS is a cloud based service model in which a provider distributes software hosted in the cloud. High adoption of SaaS delivery model among small, medium and large scale enterprises are driving the growth of market. This model eradicates the need for individual users to install software on their personal devices. This reduces the hardware requirements of the organization and cuts down on support and maintenance costs, which results into growth of market.
North America is witnessing the fastest growth at CAGR of XX%.
North America is witnessing the high growth in public cloud market and is expected to witness the fast growth at CAGR of XX% during forecast period. The US and Canada are major key contributors behind the growth of market. The rapid adoption IoT and cloud based technologies by large scale enterprises across the region is driving the growth of market.
Europe followed by Asia Pacific is also expected to witness the steady growth during forecast period. The UK, France, India and China are dominating the market. This is owing to the increasing enterprises strategies by large IT companies across the region. Also on going trends of SaaS based applications like Netflix and Spotify are driving the growth of market.
Key Players in global public cloud service market are Google, Amazon, Salesforce.com, Microsoft, Oracle, Hewlett-Packard, VMWare, Cisco Systems, Verizon, Rackspace, ServiceNow, Mulesoft Anypoint Platform, SAP HANA Cloud Platform, Scalr, WSO2 App Cloud, Mendix, Acquia Platform, Platform.sh, RightScale, Covisint, RISCNetworks, built.io, Servoy, Fujitsu, AppScale, Box, webMethodsAgileApps Cloud, NetSuite and Engine Yardare.
Maximize Market Research, India market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Public Cloud Service Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Public Cloud Service Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Public Cloud Service Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Public Cloud Service Market”.
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