Latest News- Cloud Computing Market: Public cloud is expected to lead the Deployment segment during 2025-2029

The Cloud Computing Market is being driven by Increased inclination toward cloud computing for cost-cutting

The Cloud Computing Market is expected to grow at a CAGR of 18.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 600.5 billion. In the realm of cloud computing, security and regulatory compliance have emerged as significant challenges for organizations contemplating the adoption of public cloud solutions. The GDPR regulation in Europe, for instance, imposes stringent data localization requirements, making it difficult for businesses to utilize public cloud services due to concerns over data sovereignty. Although public cloud providers offer robust security features, their multi-tenant architecture and Internet accessibility increase the risk of data breaches and cyber-attacks, especially for industries with high data security requirements, such as finance and healthcare. These industries demand a higher level of data security and privacy, which may not be fully addressed by public cloud services, necessitating the exploration of alternative cloud deployment models or customized solutions. 

Get more information on Cloud Computing Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Public cloud
  • Private cloud
• Service
  • SaaS
  • IaaS
  • PaaS
• Workload
  • Application Development & Testing
  • Data Storage & Backup
  • Resource Management
  • Orchestration Services
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased inclination toward cloud computing for cost-cutting
• Rise in adoption of cloud among SMEs
• Increased use of containers will boost cloud adoption

However, the market also witnesses some limitations, which are as follows:

• System integration issues
• Network connectivity issues and latency
• Vendor lock-in and operational complexities

Benefits of Buying Global Cloud Computing Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Cloud Computing Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the realm of Cloud Computing, various services and solutions are offered, including: Cloud Bursting for handling peak workloads, Disaster Recovery for business continuity, Data Governance for managing policies, Data Analytics for insights, Machine Learning and AI for intelligent processing, Blockchain for secure transactions, Cybersecurity for protection, Compliance and Risk Management for regulations, Audit and Reporting for transparency, Visualization for data representation, Automation and Orchestration for efficiency, Optimization and Cost Management for savings, Performance Monitoring and Capacity Planning for reliability, Service Management for IT operations, Agile Development and DevOps for faster delivery, Container Orchestration and Microservices Architecture for scalability, API Management for integration, Data Migration and Integration for seamless transition, Data Warehousing and Data Science for advanced analytics, Marketing Automation for targeted campaigns, E-commerce for online sales, Education for remote learning, Healthcare for patient care, Finance for financial management, Government for public services, and Non-profit for social impact.

Market Research Overview

The Cloud Computing market is a significant segment within the larger IT services and infrastructure industry. This market encompasses companies providing various cloud-related services and infrastructure, such as cloud infrastructure, serverless computing, virtual machines (VMs), cloud-native applications, public cloud, private cloud, hybrid cloud, and edge computing. Technavio's market analysis for the Internet services and infrastructure sector includes the revenue generated by organizations offering these cloud computing services. This market caters to businesses seeking to leverage advanced technology solutions, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS), to enhance their operations and gain a competitive edge.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/