NEW YORK, Jan. 30, 2023 /PRNewswire/ — The Public Cloud Services Market by Service and Geography – Forecast and Analysis 2022 -2026 report has been published by Technavio. Market size is forecast to grow by USD 221.84 billion between 2021 and 2026. However, the growth momentum will be decelerating at a CAGR of 19%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Gain detailed insights into the market study. Buy the report!
By region, the global public cloud services market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. North America will account for 52% of market growth during the forecast period. Factors such as the increased adoption of cloud computing services and a rise in data center investments are driving the growth of the public cloud services market in North America. Download A PDF Sample Report
The public cloud services market report includes information on the key products and recent developments of leading vendors, including:
Alibaba Group Holding Ltd. – The company offers public cloud service that provides cloud products and services for databases, networking, security, analytics and big data, domains and website management, application services, media services, middleware, and others under the brand name of Alibaba Cloud.
Cisco Systems Inc.
International Business Machines Corp.
The market is driven by factors such as the increasing adoption of IoT and ML and big data, the increasing number of data center hyperscalers and colocation providers, and the shift toward reduced capital expenditures on IT hardware. However, vendor lock-ins are hindering the market growth.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
By service, the market is segmented into SaaS, IaaS, and PaaS. The SaaS segment accounted for the largest share of the market in 2022.
By geography, the market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. North America held the largest share of the market in 2022.
The cloud-based ITSM market is estimated to grow at a CAGR of 15.08% between 2022 and 2027. The size of the market is forecast to increase by USD 6,094.37 million. The growing need for control and accountability is notably driving market growth, although factors such as growing integration concerns in business organizations may impede the market growth.
The workforce management software market is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The size of the market is forecast to increase by USD 2,307.38 million. The need for regulatory compliance is notably driving the market growth, although factors such as high implementation and maintenance costs may impede the market growth.
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What are the key data covered in this public cloud services market report?
CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2022 and 2026
Precise estimation of the size of the public cloud services market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa.
A thorough analysis of the market’s competitive landscape and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of public cloud services market vendors.
Public Cloud Services Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 19%
Market growth 2022-2026
USD 221.84 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 52%
Key consumer countries
US, China, Japan, UK, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and VMware Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Service
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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