Global Cloud Computing Market is Highly Competitive with the Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, and Global Players, finds a recent market study on Global Cloud Computing Market by Ken Research
Cloud Computing is the online delivery of IT resources on demand of consumer instead of buying, owning, and maintaining physical, and the payment of the resources are done on how much consumers consume. Cloud services can either be public or private, yet these are typically delivered by third parties through various endpoints like websites, application software, and mobile apps.
Ken Research shares 3 key insights on this high opportunity market from its latest research study
Country Niche Players Constitute ~60% of Total Number of Competitors, While Regional Companies Constitute ~30% of Competitors in 2021.
A comprehensive competitive analysis conducted during the Research Study found that the Global Cloud Computing Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in cloud-based solutions for multiple end-user industries. The major global cloud solution companies, including Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Alibaba, VMware, and HPE are expected to maintain their leading positions during the forecast period. The country-niche players are more focused on R&D to find out the investor’s behavior towards the market and the partnership. Whereas some of the players who involve in creating cloud-based solutions get acquired by global players seeking to grow and diversify quickly.
Global Players’ and Focused Organizations Ongoing Efforts to Provide Diverse Cloud Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.
Detailed comparative analysis of key competitors available within the Research Study shows that many cloud-based service providers are indulging in partnership, acquisition, and product launches to expand the cloud market in various regions. Moreover, various companies are also investing in a cloud-based solution for growth perspective.
- In November 2021, IBM Corporation introduced the IBM cloud for telecommunication with more than 35 partners that have committed to join IBM’s ecosystem to drive business transformation. This launch assisted telecommunication providers in addressing fast business change, special challenges to the highly regulated industry, and enhancing agility to leverage the power of 5G and edge computing.
- In December 2020, Adobe acquired Workfront, an online work management software that connects people and works across the market. The acquisition aimed to give leading brands access to a single system to support planning, collaboration, and governance, to unlock organizational productivity.
- In May 2021, Google Cloud launched Vertex AI, the latest managed machine learning platform. Vertex AI is designed to make it easier for developers to deploy and maintain their AI models. This latest product allows better deployments for a new generation of AI that would empower data scientists and engineers to do fulfilling and creative work.
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The Ongoing COVID-19 has noticeably contributed to the development of the Cloud Computing Market.
The outbreak of the COVID-19 pandemic impacted businesses drastically, stifling innovation, suppressing profitability, and drying up cash flow and financial reserves. IT and software development industries had been facing challenges due to this unforeseen outbreak.
Although all the outcry against COVID-19 has produced personal, professional, and community life, it also presented business opportunities. Thus, cloud computing solutions support teams in learning to collaborate, and businesses to adopt the remote working models. This scenario has propelled market growth in recent years. Multiple companies in different verticals have adopted the work-from-home model, driving up demand for Software-as-a-Service (SaaS)-based solutions. Moreover, Companies were also involved in new strategic development and product launches to retain their market share.
In March 2021, IBM released the IBM Cloud Satellite, an extension of the IBM Public Cloud. The IBM Public Cloud enabled its enterprise clients to launch consistent cloud services anywhere and in any environment across any cloud, on-premises, or at the edge.
The post-pandemic trends have enhanced the need for agility in how companies use smart technologies like mobile supercomputing, big data, IoT, and artificial intelligence. The Cloud Computing Market saw an increase in demand as businesses continued to move workloads from analog to digital formats.
Key Companies and Governments Focus on Promoting Cloud Computing as a part of Learning and Development Across Different Verticals.
- In June 2020, Microsoft launched a global skilled initiative aimed at bringing more digital skills to 25 million people worldwide by the end of the year. This initiative brings together every part of the company, combining existing and new resources from LinkedIn, GitHub, and Microsoft.
- In July 2020, Amazon Web Services (AWS) announced that seven higher education institutions in India will adopt cloud computing curricula from its AWS Educate initiative to help develop the next generation of cloud professionals. The cloud computing content will be offered as part of undergraduate degree and postgraduate diploma programs starting in September 2020.
- In July 2022, ServiceNow, a business model based on providing products using SaaS cloud computing software, and Microsoft are aligned to help customers in the federal market move into private cloud, shared cloud, or trusted cloud offerings so they can realize the benefits and value of cloud services. Agencies can then accelerate key initiatives, such as security and zero trust while leveraging analytics and insights directly within their cloud instance.
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Key Topics Covered in the Report
- Snapshot of Global Cloud Computing Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Cloud Computing Market
- Historic Growth of Overall Global Cloud Computing Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Global Cloud Computing Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Covid 19 Impact on the Overall Global Cloud Computing Market
- Future Market Forecast and Growth Rates of the Total Global Cloud Computing Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Cloud Computing Market
- Major Production / Consumption Hubs in the Major within Each Region
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Leading Companies Mentioned in the Report
- Microsoft Corporation
- Amazon Web Services
- Salesforce. Com, Inc.
- Oracle Corporation
- Systems, Application & Products in Data Processing
- Google LLC
- Workday Inc.
- Adobe System Incorporation
- International Business Machines
- Alibaba Group Holding Limited
- Virtual Machine Software
- Hewlett Packard Enterprise
Notable Emerging Companies Mentioned in the Report
- OutSystems
- Onecloud
- IntelePeer
- Nodejitsu Inc.
- Activestate
- The cloud Connectors
- Gogiro
- Hexagon data
- Power Host
- IDESK
- MCM Telecom
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Cloud Computing Solution Companies
- Cloud Computing Platform Companies
- Potential Investors in Cloud Computing Companies
- ML Solutions and Service Providers
- Government Ministries and Departments of Information Technology
- AI Solution Providers
- Potential Investors for AI
- Cloud-based Developers
- Institutional Investors
- Investors and Financial Community Professionals
- Investment Funds
- Cloud Computing Research Organizations
- Research & Development Institutes
- Cloud Computing Association
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: –
Global Cloud Computing Market: Ken Research
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