The Business Research Company’s report on the Public Cloud Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the public cloud market in recent years?
The rising use of 5G technology is expected to propel the growth of the public cloud market going forward. 5G is the fifth generation of mobile networks that enables a new type of network that is meant to link almost everyone and everything, including machines, objects, and devices. 5G revolutionizes business with faster speeds, lower latency, and expanded capacity, powering advanced applications like AR/VR, edge computing, and IoT, while enhancing reliable access to cloud services and virtual computers through mobile devices. For instance, in April 2023, according to 5G Americas, a US-based industry trade organization composed of leading telecommunications service providers and manufacturers, in 2022, there were 1.05 billion 5G wireless connections worldwide, a 76% increase from the end of 2021. Further, it is expected to reach 1.9 billion by the end of 2023 and 5.9 billion by the end of 2027. Therefore, the rising use of 5G is driving the growth of the public cloud market.
Access Your Free Sample of the Global Public Cloud Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10386&type=smp
What is the projected market size of the public cloud industry, and how is it expected to grow?
The public cloud market size has grown rapidly in recent years. It will grow from$688.33 billion in 2024 to $813.15 billion in 2025 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to increased computing power, growth in entertainment industry, product design and prototyping, automotive design and testing, training and education, and cost savings
The public cloud market size is expected to see exponential growth in the next few years. It will grow to “$1766.26 billion in 2029 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to evolving gaming and entertainment needs, autonomous vehicles development, healthcare simulation advances, environmental simulation, scientific research. Major trends in the forecast period include industry 4.0 and digital twins, cloud-based rendering services, cross-industry collaboration, integration of AI and machine learning, realism and high-fidelity graphics.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=10386&type=smp
Who are the key players driving competition in the public cloud market?
Major companies operating in the public cloud market include International Business Machines Corporation, Amazon Web Services Inc., Salesforce Inc., Oracle Corporation, Microsoft Corporation, Google LLC, Cisco Systems Inc., VMware Inc., Verizon Wireless Inc., SAP SE, Rackspace Technology Inc., Fujitsu Limited, CenturyLink Inc., Alibaba Group, NTT Communications Corporation, Workday Inc., Faction Global Infotech Pvt. Ltd., DigitalOcean Holdings Inc., Vultr, Linode LLC, OVH Groupe SA, Joyent Inc., Virtustream Inc., Interoute Communications Ltd., BT Group, Sungard Availability Services, NaviSite Inc., Expedient, Lunavi Inc., Phoenix NAP LLC
What key trends are expected to drive the proton pump inhibitors market during the forecast period?
Major companies operating in the public cloud market are focusing on developing technologically innovative solutions, such as public cloud platforms, to enhance scalability, flexibility, and cost efficiency for businesses. Public cloud platforms refer to cloud computing services offered by third-party providers over the internet, where users can access and utilize shared resources like computing power, storage, and networking. For instance, in September 2024, Avaya LLC, a US-based technology company, launched its Experience Platform (AXP) Public Cloud in India, offering a suite of advanced customer experience solutions tailored for various sectors, including healthcare and telecommunications. Key features include digital access through LivePerson integration, AI self-service capabilities with the Virtual Agent Ready framework, and enhanced customer support via the generative AI assistant ‘Avaya Ada.’ The platform also incorporates analytics tools through partnerships with Microsoft’s Power BI and Calabrio for workforce engagement.
Which key geographies are driving the growth of the public cloud market?
North America was the largest region in the public cloud market in 2024. It is expected to be the fastest-growing region in the global public cloud market during the forecast period. The regions covered in the public cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/public-cloud-global-market-report
What are the key segments driving growth in the public cloud market?
The public cloud market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Service: Business Process Services (BPaaS), Application Infrastructure Services (PaaS), Application Services, Management And Security Services, Systems Infrastructure Services (IaaS), Advertising
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Discrete Manufacturing, Professional Services, Banking, Process Manufacturing, Retail, Other End-Users
Subsegments:
1) By Hardware: Servers, Storage Devices, Networking Equipment
2) By Software: Cloud Management Software, Virtualization Software, Security Software, Analytics And Monitoring Software
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10386
What defines the structure and scope of the public cloud market?
A public cloud refers to a form of cloud computing in which computer services and infrastructure are offered by a third party and distributed to several customers through the Internet. It is a completely virtualized environment that allows for on-demand computing and self-service provisioning.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
